Losing On Horse Racing
it or not, there are people who set out to lose deliberately - perhaps
not consciously but certainly subconsciously.
do they do that? A good question that deserves far a more qualified
response than I can offer here. It's almost like that disease Munchausen
By Proxy where people deliberately make their kids sick or hurt them
in order that THEY may get attention.
same is true of some gamblers - and I emphasise, SOME gamblers. They
lose deliberately so they can tell their friends how much they lost
and make a big deal of it - as if it is nothing to them. Some do it
to get sympathy. Some so they have someone else to blame for their
How often have you heard this: "oh, that jockey slaughtered it"?What
it's doing is palming off responsibility for their own shortcomings
on to others - it's always someone else's fault - never their own
for showing poor judgement.
We all know that jockeys sometimes ride poor judgement races but they
are human. We all make poor judgement calls from time to time in work
or play. I certainly do - probably every day, so don't get upset when
a jockey makes a bad call at some stage of a race. It happens! It
will continue to happen.
are some ideas to help you not make the same mistakes over and over
Your Punting Bank At All Costs.
I'm sure the best way to make consistent profit is to build
a good, power foundation and grow slowly but steadily from it.
Your bank account is just like an army base and your ammunition. How
are you supposed to fight back to reclaim the losses with no ammunition
and a wiped out base? Thus, the first golden rule is: Protect your
bank account at all costs and never bet with money you can't afford
I've seen enough people getting emotionally wrecked after
a losing bet, and lose on their next, and the next, and the next.
They then bet with more and more money to regain their losses with
ever let losses get on your nerves. No one (me
certainly included) backs nothing but winners. Take every loss
as a temporary setback - or "paying it forward".
the other extreme, don't be like the thousands and thousands of punters
who are punished every week for their greed and plunge big time on
Let me tell you, there is no such thing as "certainty" in
the world of racing. I used to back lots of them - and guess what
- they didn't all win! And by betting big money, which you probably
can't afford to lose, on something no matter how certain it is, you
are violating the first rule: "Protecting your bank account at
Choose a Selection System and Be Disciplined
It is essential to have some system of selection to identify
which horses to place your bet on. Once you've decided on one, try
to be disciplined and stick with it through thick and thin. I have
to say that all systems have their good and bad times. Don't just
judge a system just after a few bets and switch and swap from one
system to another trying to find that "golden run".
Any good system will have its golden run - it's a matter of whether
you are there to reap the benefits when it does.
a records of past bets
It's IMPERITAVE to keep records of your past bets. Preferably
on on Excel spreadsheet. In that way, you can easily analyse how good
or bad a system is and to make certain adjustments to improve a bad
system, or even make a good one better. I do it ALL the time.
A staking plan is as important as a good selection system
- probably more so. On the flip side, why are HOME loans structured
in the way they are? Simple - so there is a STRUCTURED method to end
up at a desired financial result e.g. owning your HOME.
staking plan will help you make a consistent (even if boringly slow)
stream of profit helping you to safeguard your bank and also to build
it. A proper staking plan will help you to do just that, and sometimes
it can even help to make up for the shortcomings of a poor selection
system but don't rely on it to do that.
racing systems and research