Horse racing systems, racing ratings, horse racing software, horse racing staking plans and greyhound systems
 

Home

Whole Box & Dice

Daily Ratings

The Grail

Speed Ratings

Par Times

Free Articles Library

Track Information

Racing Statistics

Free Staking Plans

Selfrate Software

Past Champs (A - L)

Past Champs (M - Z)

Feature Race Winners

Sport On This Day

Free Systems

Your Feedback

Speedrate 2016 software

Contact Us

Terms Of Use

Copyright Notice

 

Gambling for all the right reasons

Let me start by saying this is NOT an article about advocating gambling as there is no right reason for gambling other than entertainment. If you want to be entertained and find gambling thrilling and exciting, well, that's great and is a lot better for those involved than drinking or drugs or becoming obsessed with porno movies.

Personally, I go out of my way to try and avoid gambling. When people who don't know me ask me what I do (an "indexing" question so they can put you in to one of their comfortable "boxes" and assess their status compared to yours), I tell them I'm an investment banker. Well, I have a bank and make investments, so that's close enough for me and it puts paid to all of the stupid questions that naturally follow if you tell them the absolute truth.

This flippant reply to a dumb question isn't really that far away from the truth. I do make what I believe to be reasoned investments based on odds value and never without all due care and consideration. The odds available are what finally determines if an investment is to be made and how great that investment will be.

Shopping for odds is more important than making the initial judgement. The same as when we go shopping at the local supermarket. (I do all our shopping so this is one of my favourite subjects - indulge me!) I like Streets Splits ice creams - they taste delicious and aren't too heavy on the calories so they're for me. I know that week in and week out you can buy these at Coles and Woolworths for $5.50 for a box of ten. Every two to three weeks though they have them on special at $4.00 so I buy a few boxes and stick them in the chest freezer. Same as toilet paper. If you're paying more than 50 cents a roll for the "quality" brands, you're paying too much.

Your punting should be no different. If you can't get better than the odds that you think and have assessed as being an accurate estimation of the horse's or greyhound's actual chance, don't bet. It's as simple as that. Don't bet!

What are they going to do if you don't bet? Send out the goon squad with the black body armour and batons?

With The Grail (which we have been having some good success with for a lot of months) we do not bet odds on - ever. Not even $1.95 or $1.90, No odds on. EVER. Why? Because over the long term pattern of predictability, these bets have consistently shown to us that, in context with The Grail selection methods, they are not a winning investment - they are a gamble - and we try not to gamble.

If you know the odds are not right, how can you possibly add them in to the mix of your betting activities without breaking all the rules you have set for yourself? And if you are going to break your own rules that you set for yourself after due consideration for what you are trying to achieve, what on earth are you doing?

If you've done the research and believe your approach is correct in the long term, you're not gambling. If you're sitting in a pub with tote facilities and having a few drinks and punting on whichever greyhound takes a dump on the way to the boxes, you are gambling and so your stake per race should be diminished dramatically (by a factor of 95%) in comparison to any selection you've made after putting in the time and effort to try and assess actual chances.

And remember the time element is very important. Why waste the time doing the hard yards just to throw it away on the rubbish bets? It quite simply doesn't make sense. At the end of the day, time is, without doubt, the most precious thing you have and is irreplaceable. Money just comes and goes. Figures in a book and inconsequential.

When you have established in your mind that the approach you are taking is correct, and that only comes after months of research, document it all very carefully in Excel or some other spreadsheet programme so that over time you can experiment and revise your investment strategy and see what works and what doesn't based on the rules you have set for yourself.

After months of battling it out, you may find that with a simple change in investment strategy a marginal idea can become a really profitable one and by having a spreadsheet set of results you can do those experiments with just a few keystrokes.

Not every approach you decide upon will be successful. Some will "go off" (for a variety of reasons). Some won't be worth the time taken to achieve the result you desire and when that's the case THROW IT AWAY. Get rid of it and don't go there again. No one is perfect all the time. That's not how humans are genetically designed. If you're wrong - admit it. If you can't do that, you are destined to lose day in, day out.

Success in this business (yes, it can be a business) can ONLY be achieved through having a controlled investment strategy from which you are emotionally divorced and to which you adopt a very "matter of fact" attitude. There can be only minimal excitement input and almost always be mathematically based.

Success is almost always NEVER attributed to gambling.

© RaceRate.com 2011

Horse racing systems and research