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Successful punting

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Replies: 67
By:
shiraz
When: 16 Jul 12 16:18
Thanks STS, I remember your thread where you challenged yourself to 1 month profit backing every race with $100 (or something like that).  I had serious doubts about that and you proved me (and Da_Judge and a couple of others if I remember correctly) very very wrong and happy to be proven that way.
By:
lazza
When: 16 Jul 12 16:24
I never doubted him Shiraz...you and Judge give him up cold lol
By:
shiraz
When: 16 Jul 12 16:39
Hi Errol, (lazza), the only reason (which I think I pointed out on the thread at the time) was the fixed bets and betting every race, which was very restrictive and therefore very difficult.

Had a couple of glasses of shiraz tonight, so taking a while to respond, have to proof read each post a few times.
By:
lazza
When: 16 Jul 12 16:44
Sorry guys ..got some Greek things to look after..later mans
By:
shiraz
When: 16 Jul 12 16:45
All good Errol, I always enjoy the banter, don't get on here often enough.
By:
earlycrow
When: 16 Jul 12 22:20
Uhhh 16 Jul 12 13:38
next question from earlycrow


what's money management?


Money management is knowing when it is time to turn your money and start stacking it sideways
By:
earlycrow
When: 16 Jul 12 22:22
shiraz
16 Jul 12 16:18 Joined: 14 Jun 04 | Topic/replies: 5,015 | Blogger: shiraz's blog
Thanks STS, I remember your thread where you challenged yourself to 1 month profit backing every race with $100 (or something like that).  I had serious doubts about that and you proved me (and Da_Judge and a couple of others if I remember correctly) very very wrong and happy to be proven that way.


That was a mighty fine feet, unfortunately was also the last winner tipped LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLO
By:
CrazySnake
When: 17 Jul 12 01:02
I am staggered that you could bet in every race and turn that kind of profit. I guess the secret of your success, and this leads back to the original thread, is absolute dedication and focus on your chosen sport. How's that for punting advice, Bromwich!

BTW, with that level of success where did you actually bet? I don't know any bookmakers that would take that kind of pounding for 8 minutes without closing you down, much less 8 weeks.
By:
Danehill123.
When: 17 Jul 12 01:29
Backing Winner = Successful Punting
By:
VeryLTU
When: 17 Jul 12 01:30
Monday mike
Date Joined: 08 Sep 08 Add contact | Send message
When: 16 Jul 12 13:39 Joined: Date Joined: 08 Sep 08 | Topic/replies: 1,729 | Blogger: Monday mike's blog
Easy to win.  Make sure yous get 20% to 30% overs.   And you are right 7 times out of 10, thats easy.   As to how you pick them its up to you, cause thats what makes the market.  If you dont get your price just watch the race.  Patience is the big advantage over a long period of time.   Dont expect many to believe me but Im up 900% over 3 years.  Sadly I dont bet big or Id be rich now.






agree entirely mike.... you have to know your percentages..... and then wait ..... and wait.... wait some more cos it's getting harder.... and then pounce like a starving tiger.
By:
VeryLTU
When: 17 Jul 12 01:52
CrazySnake
Date Joined: 26 Jul 04
Blogger: CrazySnake's blog Add contact | Send message
When: 16 Jul 12 15:56 Joined: Date Joined: 26 Jul 04 | Topic/replies: 1,609 | Blogger: CrazySnake's blog
Where horse racing is concerned, I have never quite understood trying to handicap races using the same methods as the people you are trying to beat.
does If everyone uses 1.5kgs to 1 length where ur edge lie? I mean to some degree the question is rhetorical, but interested in thoughts.


the edge lies in using that handicapping data as a derivative.... assessing it as a percentage chance as well as just a number. Then you can combine it with "other" percentages, derived from a database for eg., and form a "unique" calculation. At least, that's what i do Confused
By:
CrazySnake
When: 17 Jul 12 01:58
It seems nobody uses that equation in its raw form and that would seem consistent with having the edge you guys have.
It would be like me saying Essendon beat Collingwood by 12 and Collingwood beat Carlton by 24 so Essendon beats Carlton by 36.
It just doesn't work that way.
By:
VeryLTU
When: 17 Jul 12 02:03
LaughLaughLaugh....... it's remarkable how often a footy triangle faarkkks up. You could do stats on it and use them to frame a market i reckon Shocked
By:
CrazySnake
When: 17 Jul 12 02:13
I have an equation for ya...work out the triangle and then do the exact opposite. You'll make more money Laugh
By:
lazza
When: 17 Jul 12 02:21
We do ...when we feel a disturbance in the force lol.
By:
CrazySnake
When: 17 Jul 12 02:33
I typed out an explanation of my triangles don't work for the sake of the thread and then accidentally hit refresh instead of post and lost the entire thing. So in short, human error is another reason why people don't win Laugh
By:
earlycrow
When: 17 Jul 12 02:59
earlycrow
16 Jul 12 22:22 Joined: 16 Jun 10 | Topic/replies: 5,635 | Blogger: earlycrow's blog
shiraz
16 Jul 12 16:18 Joined: 14 Jun 04 | Topic/replies: 5,015 | Blogger: shiraz's blog
Thanks STS, I remember your thread where you challenged yourself to 1 month profit backing every race with $100 (or something like that).  I had serious doubts about that and you proved me (and Da_Judge and a couple of others if I remember correctly) very very wrong and happy to be proven that way.


That was a mighty fine feet, unfortunately was also the last winner tipped LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLO
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Very disappointed with the lack of abusive response, the old Greeks gone soft ffs
By:
lazza
When: 17 Jul 12 03:19
FFS!!
By:
Kye
When: 17 Jul 12 08:51
My recommendation is to remain unsuccessful. Otherwise you lose 24% of your profits to Betfair & will get disenchanted & leave punting altogether.

Making a profit is not wanted by anyone.
By:
wombleoz
When: 17 Jul 12 08:56
must be awful making a profit CryCryCry
By:
Kye
When: 17 Jul 12 09:01
Womble i need to win tonight just to make sure i can pay the bill. Otherwise i will be paying them off by instalments. Ridiculous charge! & i won't stop bagging them for it.

My advice to anyone taking up punting now - is don't bother
By:
wombleoz
When: 17 Jul 12 09:05
I agree the charge is a shocker and terribly structured but still, must be nice to make a profit - hopefully I'll do that next season Cool

Good luck tonight Kye
By:
Craig The Speculator
When: 17 Jul 12 13:47
if you have a couple of hours Bromwich you could do worse than reading this

http://www.paladinvest.com/pifiles/MungersWorldlyWisdom.htm
By:
Craig The Speculator
When: 17 Jul 12 13:48
an essay by Charles Munger (Warren Buffet's offsider) and in it he concurs with posts here to bet rarely and very selectively but when the odds are in your favour to load up

takes great discipline to do tho
By:
CrazySnake
When: 17 Jul 12 16:30
Wonderful article, but geez they are merciless with chiropractors aren't they! Laugh
By:
VeryLTU
When: 18 Jul 12 01:47
yeah i love discipline too.... particulary with black boots and a v..gin whip .... yeeeoowww you beauty.
By:
VeryLTU
When: 18 Jul 12 01:49
Susan Li does some things for me tooo ... just watchign bloomberg..... gf doesn't know it yet... but she's in for some fun in next ten minutes DevilDevil
By:
lazza
When: 18 Jul 12 01:55
You should jump on to DA's thread V and tell us all about it? LaughLaughLaugh
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