Could you be a profitable punter ?

1/-

Five pence.

I don't think that'll help me win though!!

Does it go in the ground . . . .

The stumps go in the ground!

One for Koddy there.

Horses wiv little feet in the mud . . .

his Blog entry further down.............

Faugheen & The New One hard to split

if you have what it takes to be a profitable punter

Clearly Psychology plays an important role in winning the question is what kind of metrics would highlight the right character

5p

Not sure which sectional timings gave The New One a chance the 1s(system2) where he clearly got outpaced in last years renewal suggested otherwise

The OP will have succeeded in getting a number of forumites to view his website, anyone been impressed ?

OliasOfSunhillow is desperate for somebody to yell out 10p

I would not expect anyone to admit to suggesting 10p although quite a few will have come up with this result. The question is not whether you can come up with the right result given time, it is a question of whether you would say 10p or figure out 5p. Try it on a few friends, plenty will say 10p, this does not mean they could not get to 5p if you nudge them, it means they choose to process first and foremost with system 1 rather than spend time and effort analysing. Most punters do this, each year they lose money in the long run but rarley do they dump the tools they are working with. They prefer to assume that somehow the blunt instruments they have been given will somehow turn the corner eventually. Ask any winning punter if they became a winning punter because they had some sort of momentous U turn and I would guess pretty much all would say yes

If you read "Thinking Fast and Slow" you will learn all you need to know about making betting profitable (and non-profitable) which is probably where you got your example from. Truth is most people are too frightened to lose money to ever be able to make it. You have a big advantage if losing does not bother you.

Thanks for that Ron, I had given up all hope of an intelligent contribution

What does 'rarly' mean, please?

Rarley!..........even

Olias, good evening .


Can you still ''get on'' with Korals ?....

you mean this RonC

http://home.trg-inc.com/sites/default/files/TRG/
thinking%20fast%20and%20slow%20kahneman.pdf

Hi Halcyon, I have not tried since the last experiment but I presume they are still reluctantly honouring the pledge

Indeed it is Greg. It's a good read and frankly essential if you invest in anything. It is not a betting book, but gives you a good insight into the mindset you need to have to be successful in most things. Like most people I don't take my punting too seriously but I improved after reading the book. Good luck with your own punting.

BO!!OCKS.....

I would have to agree with Ron, there are swathes of punters reading every year Timeforms 50 to follow or some other useless publication and each year they fail to make substantial profits if any profit at all. Then greatest flaw these people have is that they fail to understand that they are betting against other people and not a bookmaker. As an example I have stated before that I have no interest, from my large scale punting point of view, in what the state of the going is. The reason for this is that everyone else from the TV pundit and his dog down to the betting shop fodder are all over this variable and as a result there is very little mileage in it.

OOS - To me its all about how you process information and what you question and what you can afford to take as gospel. Good ratings apart most of the information is out there sufficient for any punter to be able to be close to break even IMO but I think to make a decent margin to stake (edge) you need something thats not in the public domain - just my opinion of course and am sure plenty will disagree.

you need a structure or a system that creates opportunities, then you will have an advantage over the rest.
takes around 1/2/3 years to build up your own data, you will need a moment of inspiration to find that idea, these forums help a lot, eventually you will create your own system. IMO

From what I've read on here most have terrible cisterns..

I agree with Racing Guru and road runner most people however prefer to validate their losing position by trying to ridicule the position or opinions of others. It comes back to system 1 and system 2. System 1 can easily crack a joke about cisterns whilst trying to get your head around what profitable punters are doing requires the time and effort of system 2. The guy who focused on my comparisim of Faugheen and The New One. its easier to rummage through what I have said and find an instance of inaccuracy (may not actually be that innacurate when you look at the overall form of the race) than try to understand the whole message.

This is obviously a psychology question, therefore the correct answer is 'eggs'!

'' Your “two selves” appraise your life experiences differently''

Well i'm schizophrenic so I've got four ''selves'' therefore the bat cost 5p.

schizophrenics are easily amused

oh how we laughed

Splendid looking website, must get plenty of visitors, very unique in its own useless style....

If you consider losing as winning then yes anyone can be a profitable punter

Why didn't system 2 kick in when you were contemplating posting on here

I don't think it's that difficult to be a profitable punter. I'd say the difficulty is in seeking to make a living out of it because they are world's apart.

They certainly are..

duffy 

I'm a bit stupid. Can you explain the process where you arrive at 5p please?

IF THE BALL costs 10p the bat will have to cost £1

only 90p more

ball costs 5p - bat costs £1.05 = £1 dearer

Zealot: Thanks for that. Makes sense now.