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 computer.

This doesn't mean to see how much money you have or how much you are making but how YOU view money.

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 more attractive!

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 money.

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) to succeed.

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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