Styles Winning and Losing
are major differences in the way people choose to gamble on horse
racing. Broadly speaking, there are two real types of "punters"
- recreational and serious.
punters make up about 90% of those playing - serious punters account
for the other ten percent but I would suggest make up about 95% of
those that could be said to be even or slightly in front at the end
of the year (whenever you may decide that year actually ends). Really
there isn't any "middle ground" - you either win or lose.
what are the differences and what aspects of your day to day betting
behaviour do you need to change to join the "other" group?
punters start every day knowing exactly how many bets they are going
to have, how much they're going to punt on them and when the day is
Recreational punters on the other hand bet haphazardly throughout
the day, have bets in a few races one day and every race the next
day and don't know when their betting day is going to be "over"
as this depends on "how they're going" at any given time.
They bet with no "time plan" and no definitive "end
punters mostly bet the same amount and in the same proportions to
chance day after day, week after week, give or take 10% totally regardless
of whether they are winning or losing at any point in the process.
punters adjust their bets according to how they're feeling at the
time, hunches and whether they are in front or behind at the time
of the next bet.
punters don't bet randomly. It is all according to the "plan"
they have decided upon and they won't be swayed by any hot tips, coat
tuggers, radio tipsters or the bloke next door.
punters bet when they are bored, have bets just for the sake of "having
an interest" and chase those inevitably losing bets for the rest
of the afternoon and evening trying to recover the $$$ lost on those
punters ALL bet to a "system" of some sort - based on historical
data and statistical formulas that indicate why some runners may have
a better chance than others - BUT always in virtually the same amounts
bet after bet after bet if they believe that analysis will see them
in front over the long term.
punters will generally rely on just one factor out of the ten that
the serious punter relies on and unless you base your decisions on
more than one factor, like who won last time out, you may as well
just toss a coin. Tragically, a lot of recreational punters do that.
Tragically for them but advantageous for the serious punter because
they get their money from the recreational punter - that's just the
way it is.
punters NEVER get emotionally involved with their bets. One is the
same as the next. In the long run they are confident they'll end up
punters get emotionally involved with every bet - get angry, depressed
and often become abusive to those around them.
punters understand the percentages. They know that over a year if
they can win 10% profit on turnover they're on a one-off, never to
be repeated, good year.
5% profit on turnover is sensational. 1% is acceptable.
punters think they can win on every bet they place. No one does. Ever.
punters know what they are best at - gallops, trots or greyhounds
and rarely wander in to any area they know they are not BEST at.
punters will "have a go at anything" - trots, dogs, horses,
football, American Grid Iron, hockey, AFL, first scorer in a rugby
league game - you name it - let 'em on.
punters have a defined bankroll they can afford to lose - they don't
want to - but they know it can happen and IT DOES. They typically
wager no more than 2% of their bank roll on ANYTHING - even the Black
Caviars of this world - 2% pulls them up as they regard anything else
as financial suicide.
punters OFTEN bet with money they need for other "stuff".
Often if they are losing 50% of their bankroll, they'll have the remaining
50% on whatever is up next so they can "get square" in a
which group do you fit comfortably in to? Which group do you want
to belong to? Your choice.