Horse Racing Investing Ideas
There are a lot of issues
tied up simultaneously under the heading of investing.
Firstly it is important
to understand where you see betting on horses fits in on the spectrum
of investment. To you, is it an investment or is it gambling? Wherever
you decide it fits in, it will be directly proportional to the approach
you will take when you are either at the race track (one of the
27 who still go), the TAB or sitting at home in front of your
This doesn't mean to
see how much money you have or how much you are making but how YOU
What you should first ask yourself is WHY do you want to invest and
go from there? What's the real purpose of taking the time (the
most important asset we have) to establish a method or pattern
of selection that suits and determines the way you bet? What do you
want money to do in your day to day life?
You should also start
by learning what is an asset and a liability, what is money, and how
do your emotions interact with your investing. By the way, if you
are going to be an "average" investor then you will have
"average" or small returns. There is absolutely nothing
wrong with starting small. It gives you an excellent opportunity to
learn and grow. It all starts with you. Your level of patience will
determine how much you learn while you are investing small.
Risky investments are
"risky" because a lot of the people who look at them think
it is risky so therefore the community belief becomes what they perceive
it to be - risky. Think about it. This very community attitude of
"risky" makes the returns for those who are successful even
For exactly the same
reasons, if a lot of punters and form analysts and bookmakers look
at a race and decide that the amount of risk about a horse winning
a race is low, it is sent out a very short priced favourite - the
shortness of that price entirely decided by the "community sentiment"
about its chances.
In actual fact, depending
on the quality your strategy, investing on anything is not risky and
it could well be argued that to not invest is riskier.
To not invest may well
be the actual risky part. What the big punters do is to mitigate their
risk according to the investment. Punters who are successful in investments
look at every single aspect of the investment before jumping into
it - what are the statistic based negatives, what are the statistically
based positives and, MOST importantly, they have control over their
You often her the term
diversify used whenever investments are discussed. "Diversify"
is the term used by those who are afraid to lose. A real winner already
knows he might lose and he learns to control that. Read that last
sentence again - it is the truth.
One of the big problems
many, many people face is that they are too scared to invest (read
lose control) because they think it's too risky and so, when
they do invest, they invest either not to lose or (like once a year
Melbourne Cup punters) they believe the money is already lost and
if you believe that, it probably already is!
The biggest difference
between winners and losers is simply this: winners invest to win.
Winners enjoy the learning
process, and enjoy getting in and doing the research. They accept
that losses are also a necessary part of the winning strategy and
are willing to put in the effort (read time and genuine effort)
For a lot of successful
punters, and I mean really successful punters, they have always considered
investing on races as a hobby and part of a terrific sport, and the
money was always secondary but always seemed to naturally follow.
Like all things in life,
some people are going to be better at punting on horses than others.
That's why there are winners and losers. The same principle applies
to footballers, cricketers, tennis players, poker players. Some are
better at it than others.
If you are looking for
an easy, no work, no time taking method to to make a fortune ... I
would say there isn't one. There are methods that don't take long
once you thoroughly understand them, but there is a steep learning
curve to get to that point, and it will take a lot of work. I also
believe there is only a small percentage of punters who can consistently
beat the game because they are mentally equipped to do it. And I don't
necessarily mean smarter - just more disciplined and patient and with
a total belief in the approach they are taking.
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