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Pro Punting what it takes
Pro Punting what it takes
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Replies: 203
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 harsh but very likely to be true duffy The only zip he sees is the pish stained one on his old golf trousers that are now his best scha lacks |
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1960 you could have monkey on any race any price in the Bar.. with a bookie.. it was know as a gentlemans agreement
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Duffy talks a lot of truth here
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In 1960 the only monkey you would see be one on a David Atenborough doc ya clown
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"there is no last horse race"
That's a good one. Your mug punter thinks too short term and places bets he wouldn't have had typically because he doesn't have the mental fortitude to take a losing day. It's just a constant stream of races and each bet should be placed just on the merits of the next race whenever it is. This is how you avoid turning a mistake into a catastrophe. It's how you handle it when things go wrong, that separates the long term winners from the losers. |
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Cheers barnaby
The shame of it though is that when my mrs. accuses me of neglecting the family/kids, I'll do all I can to dismiss it and kid myself that I do no such thing, I wouldn't dream of admitting to it. |
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"There's no last race"
That's an easier one to achieve betting on here, in the old days, in the bookies for the afternoon, any money left in the pocket all went on the last race, the next days racing may have been a lifetime away, I'll worry about that tomorrow, all on the getting out stakes before the trudge home.  |
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If you hear someone talking about "Targets" then do them a favour and throttle them, each race is a different entity and should be treated on its individual merits, personal finiancial consideration should not be a factor when determining any bet at all, its irrelevant to the bet in question.
Remain as tight in staking as you can, no point in having £20 on a 10-1 winner if you've put £300 on a 6/4 shot, if in doubt have a minimum price you'll bet at, remember the dangers of short prices, there is always a sequence of events that you cant imagine happening that WILL happen. On a bad run, re evaluate, take a break and chase women/Get drunk/Get fit,,, whatever, if i find a card looks to hard after 10 mins then it probably is... |
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remember the dangers of short prices
so your "£5k" on that 1/6 poke was what ya piilock  |
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have an emergency fund not for betting use
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???? Last odds on poke i backed was Jack Of Trumps in the 1978 NH Chase, ya Bollux
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Sufficient racing bank is essential.Level stakes betting as a % of this bank is a must.As is having some key indicators that can highlight qualifiers. Too many people have too many bets.I only back one horse a day.
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shall I read this later
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I might back 5 in a day, then have two weeks without one
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You may take a pish 5 times an hour.....thats the only thing you'll do 5 times in a day
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facts thats rubbish,what if there are 10 bets today and none for a week?
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Alex Bird was one of the great pro punters of all time , reckoned to make 8-10% on turnover , and he owned horses so had access to inside info , betting tax done for him , didn't get back in the game till they abolished it on course , 8-10% profit on turnover , best you can ever hope for .
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I totally agree that people shouldn't set targets as such, and that on some days there will be five bets and then perhaps none for a few days. You should clearly never avoid having a bet if you have made your daily target in terms of winnings if the bet is there and offers value.
That said - and this ties in with the mental fortitude issue and the fact that there is "no last horse race" - you should be able to miss that bet and not bee frustrated if you miss a winner. The lesson I think I have learned better than any other over the years is that there is always another day. My weakness is having the balls to put the money down often enough, and I know that, but I do no longer get angry when I'm unlucky or when I miss a winner because I know in the future I will back my share of lucky winners, and that I'll have plenty more opportunities to find more success. |
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I luv the E.W. Treb. .............I have it most days £1 E.W. on things thay I like the look of..................the "machine" tells me that Im going to win over £1000.............I havent had it up (close) for years..................Ive worked the tracks...........a bit in a yard ..............been an owner................the point that Im making is.............long term sucess is 5% 15% & a lot of work & knolage of the way things happen..............G.L.
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Bob -> Good point about 8 - 10% being the best you could hope for. Most people I know who bet for a living are around the 5% mark.
It might be boring, and a little off-topic, but I believe this is a maths-linked point that suggests it is harder to find value than most people think. I argue that a 5% ROI on bets made by a pro who knows what he/she is doing indicates that he/she is likely betting on horses whose odds are around 5% bigger than they should be, which is a warning to would-be punters as to how good you have to be to make it pay. How many people are confident that they can spot a genuine 3-1 shot that can be backed at 4s? |
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Mange.............where..................do.................all.........those.........
dots.........come... from ? |
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Just trying to join em up to get a winner........................
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good..............thin.....king
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patrick starr 26 Jul 13 18:40
facts thats rubbish,what if there are 10 bets today and none for a week? Hardly rubbish - I work to it  My own personal way of betting is to reduce cards/race by a set of criteria. Which will select at least one bet per day. If there are more than one qualifier, I short list via a series of priority 'rules' until one bet is highlighted. It takes out the guesswork and 'hunches'.Will not suit those who are betting for 'fun' or who have no discipline. To me its a business - like investing in shares.I play the numbers - in that I 'm looking for an average SP that will give me a profit in the long run by obtaining ( on average) a winner 30% of the time. |
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i too play the numbers , and have a bet in nearly every race , back or lay .
i also bet in-running  |
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Play every race on its merits, learn to lose, try and do the absolute minimum rather that top whack when your wrong.
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I used to study the form with a mate and we would agree the best bet of the day was say a 5/2 shot in the 4pm. He would bet every race up to then and I'd hardly have a bet. After the 5/2 romped home and I was collecting he would say he had backed a 10/1 shot to beat it because he was so far down on the day a 5/2 wouldn't cover his losses!
It's not to say placing lots of bets is definitely wrong. A low percentage on a high stake can work if you are winning at the end of the year. 2% of £10m isn't too shabby? Though personally I think that approach can be more testing mentally. More longer losing runs. |
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i tend to agree rollo, do you play differently to say 5 or 10 yrs ago?
Ive definetly slightly less bottle than i used to have, 8 yr ago i would lay a twenty monkeys summit i thought was a billion and wouldnt even think about it, nowadays its a different kettle of fish mind. |
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roo,
I have to play differently due to so many on course now and my bottles gone  It seemed more fun when I didn't have much but would risk the lot on one race |
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LOL yes, i know what you mean tbh.
People who havent been about for a longish length of time have so little understanding of what it was actually like. This site circa 2004 to today is a completely different animal. |
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I've still never bet on a race using anything other than generally available pics at home. Never raw feed, exchange shop or on course and expect to die a poor man because of it. Particularly as what most on here don't realise is that their main enemy isn't a horse, trainer, jockey, punters or bookmakers, it's the Bank of England devaluing everything you've won so far.
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True, very true, i do go racing as im an old fossil and i enjoy watching the horses in the paddock and go to the start but i must admit i couldnt go and sit in an office for 9 hours a day and look at a computer all the time.
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You are even a winner if you break even at the sport, that it if you derive pleasure from studying a race and weighing up the possibilities, if you make friends through the sport, experience great sport and good times, imagine telling a football fan he can follow the sport for free??
Now all you've got to do is be good at it  |
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It takes years of betting to not get stressed out about missing winners.The main thing in those instances is to tell yourself there were losers you missed backing too,which helps the balance in your mind.
Those of us that have been punting for many years have hopefully learnt total control,which unfortunately for some,will never be learnt. So many times I have watched friends revert back to their old stupid betting habits,due to lack of discipline,and not enough patience. I remember some years ago going to a NH meeting with £2,000 in my pocket and not having a bet,as the prices weren't right.It was impossible to convince the others I was with why no bet. Also when you watch the average punters staking,there is no plan whatsoever,these are the gamblers that just want to play,and the only way they generally win,is by backing the last race winner. Many find the iron discipline needed far too boring,as it kills the enjoyment for them,and that is the crux of things. Do you just want to get the buzz from gambling,or do you want to be a tightly controlled winner.Most just want the enjoyment,and hope for the odd good day. No doubt there will be some rude replies,but hey,facts are facts. |
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I do placepots,quadpots,lucky 15's, yankees,tricasts,fc's lays,backs its great man,get stuck in what a life
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I guess that being a pro gambler has changed since the exchanges arrived, previously it was guys like Nevo who were decent judges and could make good profits year on year through their knowledge, now it must be a high percentage of pro's making their living as layers, which is fine, but not as exciting! I'd take my hat off to anyone on here who has survived 10 years plus as a pro backer...sure many layers have gone skint also but selective laying must be the percentage game even to survive?
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2007 I went to New Jersey breeders cup,curlin paid for my newyork trip,mudbath
http://en.wikipedia.org/wiki/File:BreedersCupClassic2007-CurlinPaddock.jpg I tend to bet a percentage to cover a holiday,if it doesn't come off,so be it |
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Agree with unbiased.
For me the enjoyment is the forum. Racing is becoming more tedious by the day. I don't look forward to logging on anymore. 30 years ago i would be in the bookies an hour before the first waiting. |
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apologist the 2 minute warning must of been good
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30 years ago waiting for the photo to be called over the blower for the last race or the stewards outcome and the clown behind the counter turned the sound off waiting to go home
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