If,
hypothetically, I was to give you $25 and said, "
well, take as long as you like to double it", how
long would it take? A week?
Through
judicious selection of only betting on horses you thought
were a "lay down walk up start" to at least
run a place, would you be able to double it even if
the dividends were only $1.50 per result?
Could you repeat the process just six times over, say,
a 12 month period? Incredibly, if you could, we'd be
sharing $6000. Well, probably not - you might have nicked
off with the six grand and spent it on wine, women and
song and foolishly wasted the rest!
In fact if you started with $1 and had just one bet
per day at even money look at what happens after 15
days:
Can't be done - too hard. Is it? Consider these results
from January 2010
Jan 1
Ascot Race 2
Golden Heart
$2.10
Jan 2
Doomben 4
Bidthemobgooday
$2.10
Jan 3
Cranbourne 7
Regibush
$2.20
Jan 4
Wangaratta 2
Escargot
$1.80
Jan 5
Ararat 2
Owners Priority
$1.80
Jan 6
Sandown 4
Royal Commands
$2.20
Jan 7
Townsville 2
Savsenga
$2.10
Jan 8
Canberra 8
Al Dhafra
$2.00
Jan 9
Morphettville 4
Periduki
$3.20
Jan 10
Tamworth 2
Bottled Up
$2.00
Jan 11
Nowra 1
Willo's Wish
$2.00
Jan 12
Benalla 11
Cosmic Composer
$1.70
Jan 13
Sandown 5
My bentley
$2.00
Jan 14
Ballarat 3
Misty Blue
$2.20
Jan 15
Moonee Valley 7
Tango's Choice
$2.20
Well, there
you have it - how easy was that? I watched just about
all of those races ( I know - I need to get a life!!)
and every one of those favourites was expected
by all and sundry to win. Just about every tipster tipped
them - every street corner coat tugger was saying 'get
on". So what, apart from that, did they all have
in common? A peruse through your old form guides (you
do keep them don't you) may just point you in the
right direction.
But at what point would you have "got out"?
Taken the money and run? Would you really have gone
all the way to the end of the 15 bet sequence to turn
$1 in to at least $16000?
Would you, like most, (me included!) have got out at
$2000?
Would you taken out half at $2000, added another to
the sequence, stretching it to 16, and at least had
$1000 to show for backing 11 in a row?
If you now take a minute to SERIOUSLY consider at what
point you really would have cashed in, and BE HONEST
with yourself, you will have found your comfort level!
Now that you know it - don't go past it under any circumstances.
Once past your comfort level, your judgement will be
influenced by fear and fear breeds gambling mistakes
aplenty.
