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werbie
30 Nov 21 15:21
Joined:
Date Joined: 26 Dec 00
| Topic/replies: 2,608 | Blogger: werbie's blog
I started out like most backing pre race and made an ok living out of it. Then switched to in running and scaled down the pre race stuff.
Profits dropped off a fair way but I had most mornings free to do other things.

Recently cancelled my betting software because as we all know in running ain't what it used to be, ( I'm sure some are still doing ok tho ) and returned to exclusively pre race backing/laying.

Maybe betting AW only as the flat can be a very time consuming project.

Would be interesting to hear how others have coped in the ever changing world of gambling Happy
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Report ItsMeSwaddle November 30, 2021 3:30 PM GMT
Massively scaled down pre race punting.

Use in play now, wouldnt like to have to be forced to make a wage from it. Its absolutely brutal.

Only actually kept records 3 month, make 11 quid a meeting average Laugh.
Report tantpis November 30, 2021 3:39 PM GMT
I used to back in running at short odds,trouble is that if an unforeseen event happens you need to get about 6 winning bets to make up for it.Only now back pre race for a place,sometimes pick up easy money when there are non runners and you only have 4-6 runners and can bet 3 places.
Report Rico-Dangleflaps November 30, 2021 3:47 PM GMT
pre race is guessing hence not many win..ir is now state automated and gps moderated..almost farcical.
Report werbie November 30, 2021 3:56 PM GMT
The whole game will probably look a bit different further down the line but it will always be a gamble and whatever obstacles are put in the way people will still find a way to back their judgement imo
Report Celtic warrior November 30, 2021 4:17 PM GMT
Its an age thing for me. Scaled back betting to a minimum but still making a profit. Back in range 8-1 to 25-1.

Also as i had never used traditional bookies for 20 years i have done a fair bit of matched betting. Easy pickings whilst your account lasts.

Generally just enjoy the fun of the game
Report Rico-Dangleflaps November 30, 2021 4:18 PM GMT
Roydmoor
1.22
£2.00
£0.44
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Roydmoor
1.22
£10.00
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Roydmoor
1.22
£10.54
£2.32
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Roydmoor
1.22
£11.22
£2.47
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Roydmoor
1.22
£12.00
£2.64
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Roydmoor
1.23
£1.92
£0.44
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Roydmoor
1.23
£9.00
£2.07
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Roydmoor
1.23
£11.38
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Roydmoor
1.24
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Roydmoor
1.24
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Roydmoor
1.24
£11.93
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Roydmoor
1.25
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Roydmoor
1.25
£6.00
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Roydmoor
1.26
£0.92
£0.24
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Roydmoor
1.26
£2.58
£0.67
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Roydmoor
1.26
£3.02
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1.27
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1.29
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Roydmoor
1.29
£3.76
£1.09
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Roydmoor
1.29
£6.05
£1.75
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Roydmoor
1.29
£9.92
£2.88
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Roydmoor
1.32
£1.70
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Roydmoor
1.34
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Roydmoor
1.34
£5.13
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Roydmoor
1.41
£4.00
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Roydmoor
1.74
£2.49
£1.84
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Roydmoor
1.78
£7.02
£5.48
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Roydmoor
1.82
£2.00
£1.64

as i waz saying..
Report werbie November 30, 2021 4:28 PM GMT
Well it was pretty good while it lasted. Anyone's guess where we'll be in a few years time. Covid's got it sussed
gotta keep mutating Plain
Report Brian December 1, 2021 9:03 AM GMT
When I finished work (early) I had 6 or 7 successfully backing pre-race but with a combination of ageing (couldn't maintain the concentration and memory levels) and bookmaker changing strategy (particularly expanding restrictions), I gradually changed to a combination of mostly laying and mostly in-running (with very little form study) My profits laying have never reached the amounts I was making the first few years but enough for me. To be honest I am now only punting for the interest 1t gives me particularly in winters and pandemics!
Report Rico-Dangleflaps December 1, 2021 1:04 PM GMT
I WILL REPEAT WHAT IVE TOLD THOUSANDS RE GAMBLING.

its a mugs game (unless you have an edge).
Report Jumping-cuckoo-monk December 1, 2021 1:08 PM GMT
I have tried pre-race and i/r and am f@ckin equally hopeless at both to the point my bank manager hides behind his swanky chair when he spies me a coming.

Should have stuck with paying exorbitant club fees and played tennis. It's much cheaper and there's no fu**ing funny angles. Straight lines!
Report sageform December 1, 2021 1:10 PM GMT
If losing makes you a mug then so does joining a golf club, going out for a meal or to a cinema. It costs you money but gives you pleasure. If you don't enjoy betting and losing a modest amount then do something else. I am £23k up on shares this year and £300 down on horses. I enjoy the horses more.
Report Rico-Dangleflaps December 1, 2021 1:10 PM GMT
there are edges jcm..time advantage,unside info etc...
Report Rico-Dangleflaps December 1, 2021 1:11 PM GMT
can you susbstantiate these share prophets sagey ?
Report roadrunner46 December 1, 2021 1:23 PM GMT
think inrunning is better over the jumps, have lot more time to see what is actually happening in the race and if you have watched 1000's of races, your race reading skills, would be up there with the best
Report sageform December 1, 2021 1:28 PM GMT
Of course but I am not going into details on here. Bunzl is my biggest single share but much of the profit is from managed funds. It is only a 10% increase from Jan 1 which is about average for the FTSE 100. Managing my money is my job as a retiree but racing is my hobby. My house has probably gone up in value by much more but so has almost everyone's.
Report sageform December 1, 2021 1:30 PM GMT
agree roadrunner. I use in running a lot but mainly to limit my losses. Most of the horses I back halve in price and I lay off as insurance.
Report Rico-Dangleflaps December 1, 2021 1:35 PM GMT
im looking for guidance..for every 100k ive got in my barc savings acc it earns me £10 a yr.
Report geoff m December 1, 2021 1:47 PM GMT
90% In Running
10% Pre race

Gruss still the best 20p a day you will ever spend even if you are  exclusively pre race backing /laying

All Weather which 10 years ago i thought was utter dross now most profitable plus you occasionally get some you real quality horses on show Enable/Pinatubo et al.

Ive cut down dramatically on N.Hunt when the weather turns with heavy ground where many a race can change dramatically in the last few furlongs .
Report roadrunner46 December 1, 2021 1:51 PM GMT
my best investment on the stockmarkets would of been tesla, doubled in price, than dropped 60%, than multiplied 17 times, beating the index's year on year, is a piece of cake, you need money to start investing, gambling is no different, you need a proper betting bank, otherwise you get swept away in a tide of emotions every time you loseLaugh
Report sageform December 1, 2021 2:04 PM GMT
I tend to look long term. I bought some Bunzl shares for £4.65 each when I retired 21 years ago and they are now worth £28.90 each from £24 in January. On top of that I get about 2% dividend on the current value each year. The best cash funds are paying 0.5%. Look at Marcus Bank. Well done with Tesla rr.
Report werbie December 1, 2021 2:15 PM GMT
geoff m 01 Dec 21 13:47 
90% In Running
10% Pre race

Gruss still the best 20p a day you will ever spend even if you are  exclusively pre race backing /laying

All Weather which 10 years ago i thought was utter dross now most profitable plus you occasionally get some you real quality horses on show Enable/Pinatubo et al.

Ive cut down dramatically on N.Hunt when the weather turns with heavy ground where many a race can change dramatically in the last few furlongs .

AW so much easier to keep tabs on. Flat turf a monster project in comparison, goings draw bias slow run races.

Same as Geoff, jumps best when they are getting on with it not jumping up and down on the spot for 5 minutesPlain
Report jimnast December 1, 2021 2:16 PM GMT
Sageform 1310 post absolutely superbly put
Report Brian December 1, 2021 2:32 PM GMT
Another vote for Sageform's post. If 626 is mug, for example, he is a very happy one and I expect happier than many "professional" punters.
Report onlooker December 1, 2021 3:03 PM GMT
Another vote for - sageform's 13:10 post

Also ...

Cannot comprehend why the OP - werbie - has started this Thread - especially when his Opening Post was ...

werbie 30 Nov 21 15:21 

'I started out like most backing pre race and[b# made an ok living out of it[/b]. Then switched to in running and scaled down the pre race stuff'.
Profits dropped off a fair way but I had most mornings free to do other things.
---------------

Why Change Tack, then .... When it was Working?  ...

- especially - When he would be starting off on the Subs Bench (at best) - or. more rationally,  In the Reserves- up against the already established 'in-Running Team'.
Report werbie December 1, 2021 3:15 PM GMT
Just never had much time to do anything else when backing on the flat, jumps, and AW. Playing in running meant free time in the mornings and evenings.
All weather racing = the cosy club Excited
Report Cardinal Scott December 1, 2021 3:24 PM GMT
"Gruss still the best 20p a day you will ever spend even if you are  exclusively pre race backing /laying"

Are you sure? if your not an excel fiend what does Gruss have over Geeks Toy, Gruss seems dated and clunky to me and is not easy on my eye.
Report pablo-fanque December 1, 2021 3:30 PM GMT
i have never used GT. but do they have custom columns ?
Report Cardinal Scott December 1, 2021 3:45 PM GMT
You can customize your columns.
Report pablo-fanque December 1, 2021 3:51 PM GMT
thanks cardinal .

is it mainly based around the ladder interface ?
Report Cardinal Scott December 1, 2021 3:54 PM GMT

Dec 1, 2021 -- 3:51PM, pablo-fanque wrote:


thanks cardinal .is it mainly based around the ladder interface ?


Yes I would say so, I never use the grid

Report pablo-fanque December 1, 2021 3:58 PM GMT
cheers
Report pablo-fanque December 1, 2021 3:59 PM GMT
i never use the ladder on gruss Crazy
Report FOYLESWAR December 1, 2021 4:05 PM GMT
rico as i said on an earlier fred i was fed up getting fook all for my money in banks ,put a good bit into shares some safe ones some speculative  doing a lot better than in the bank atm.,after all thats what banks do with our money invest it make bundles and give you back a tenner on £100k ,nice work!
Report Gaze733 December 1, 2021 4:12 PM GMT
Real men back and lay before the off.
Report Jumping-cuckoo-monk December 1, 2021 4:24 PM GMT
CoolLaugh
ooh you b1tch Silly
Report Rico-Dangleflaps December 1, 2021 4:32 PM GMT
real men dont use lube ydc.
Report FOYLESWAR December 1, 2021 4:51 PM GMT
real men use swarfega and a dab of sand ! loobs fer wimps !
Report FOYLESWAR December 1, 2021 4:52 PM GMT
sharp sand not builders^^^
Report Rico-Dangleflaps December 1, 2021 4:59 PM GMT
gaze still a vergen imo
Report FOYLESWAR December 1, 2021 5:21 PM GMT
rico have you considered investing a few quid in shares?
Report FOYLESWAR December 1, 2021 5:22 PM GMT
rather than it sitting in a bank doing fook all!^
Report Rico-Dangleflaps December 1, 2021 5:26 PM GMT
no foyles..not my forte..i know absolutely nothing about share investing.
Report FOYLESWAR December 1, 2021 5:30 PM GMT
ok hope ya find somewhere to put your dough ,fookin banks take the pish!
Report Rico-Dangleflaps December 1, 2021 5:38 PM GMT
floorboards or barc.
Report The Management December 1, 2021 5:39 PM GMT
poast yer shares!
Report The Management December 1, 2021 5:40 PM GMT
Grin
Report typhoon ginger December 1, 2021 5:46 PM GMT
Stick it in the S&P 500 Rico average 10% gain every year so they say.
Report Rico-Dangleflaps December 1, 2021 5:48 PM GMT
10% Surprised
Report Rico-Dangleflaps December 1, 2021 5:49 PM GMT
beats barclays 0.01%..
Report FOYLESWAR December 1, 2021 6:01 PM GMT
rico i knew fook all about shares but thought id give it a go on my sons advice first pop was tesla bought some at £589 dollars  but average £675 dollars ,bt up a small bit ,tesco down a little ,vodaphone up both of these  last named 2 pay dividends 3 or 4 times a year not a lot but better than banks . doing ok but they come  with risks especially the  tesla but so does crossing the road . bt pretty stable and the dividends are a bonus .
Report FOYLESWAR December 1, 2021 6:02 PM GMT
palantir down by about 4 dollars but all are long term around 5 or 10 years .
Report geoff m December 1, 2021 6:42 PM GMT
typhoon ginger01 Dec 21 17:46Joined: 20 Jan 02 | Topic/replies: 273 | Blogger: typhoon ginger's blog
Stick it in the S&P 500 Rico average 10% gain every year so they say.


Said same about FTSE 100 20 years ago 6900  beginning of millenium 7168 today
so diddly squat in 21 years
Report Rico-Dangleflaps December 1, 2021 10:58 PM GMT
foyles im lazy and dont trust many...to many fckwit wan kerrs in the world to trust with hard earned Grin
Report FOYLESWAR December 2, 2021 7:29 AM GMT
fair enough rico .
Report Davros December 2, 2021 7:43 AM GMT
Buying individual shares incurs idiosyncratic risk as well as systemic risk.  You can avoid the former by buying a collective investment.  For "safe" risk (low fees, diversified investment, high liquidity) the Vanguard Lifestrategy range is hard to beat.  Perhaps a safer bet is Capital Gearing Trust (cgt.l) - smart guys with a long track record.  Putting a small % (10) in a gold ETF smooths volatility as long as you rebalance on a yearly basis.  Your mix by necessity is individual specific (age, risk, pension provision).

As for pre-race betting.  There is so much racing these days one must specialise.  For instance, I focus on AW sprints which alone is time-consuming enough.  You can't make it pay by just looking at the last 3 races of a field on the racing post anymore.
Report Brian December 2, 2021 8:59 AM GMT
geoff m01 Dec 21 18:42Joined: 23 Feb 03 | Topic/replies: 17,729 | Blogger: geoff m's blog
typhoon ginger01 Dec 21 17:46Joined: 20 Jan 02 | Topic/replies: 273 | Blogger: typhoon ginger's blog
Stick it in the S&P 500 Rico average 10% gain every year so they say.


Said same about FTSE 100 20 years ago 6900  beginning of millenium 7168 today
so diddly squat in 21 years


FTSE 100 has done poorly over the last couple of decades no doubt but not quite as bad as that comparison suggests. Dividends from FTSE 100 companies have been generally higher than other indexes which would have given an higher return (I read somewhere the average dividend in recent times has been 3.4%).
Report Davros December 2, 2021 10:30 AM GMT
Indeed Brian.  The FTSE 100 annualised return between 1984 and 2019 was 7.75% a year. 

However it hasn't done well in recent times relatively, probably because it's full of mature, cyclical, dividend-paying dogs.  Other than a strange home country bias I don't see why anybody would invest in it.  If you're going to do that the FTSE 250 would probably be a better bet.
Report Celtic warrior December 2, 2021 10:40 AM GMT
I would encourage all punters under the age of fifty to utilise their ISA  allowance to invest a constant monthly sum in quality funds. Time has shown that just leaving the money there is a certainty for long term gains

No recommendations from me as that would be investment advice.

However spending £140 per year on a subscription to investors chronicle and buying the book the intelligent investor by benjamin graham will give you the knowledge to select such funds
Report geoff m December 2, 2021 10:50 AM GMT
I was being generous to the FTSE 100 Brian it was 7059 the previous day. Diddly squat minus 109 points and any costs incurred.


As with any market. Knowing when to invest and when to sell is key .
Like here trying to back and lay @ the best price favourable.

.Many folks want to put their money in to stocks when they are doing well but withdraw their capital when they are underperforming/crash.
Human nature.

Again same here. Punters like to follow a gamble in but if you are getting involved @ the shortest price your gunna be doomed.

Pre race here back every fav @ shortest price you on a loser back a best price pre race your on a winner(easy to type impossible to achieve) but getting as close as you can to each parameter will stand you in good stead.

Should Rico be putting his "hard earned"Laugh into something he knows nothing about??
Report Celtic warrior December 2, 2021 10:53 AM GMT
Geoff

Very true. Set your acceptable price to your normal stake. If it drifts and there is no reason like sweating playing up in paddock etc then increase your stake. In tge long run you will win.

Forget all this THEY KNEW crap
Report howard December 2, 2021 12:41 PM GMT
https://www.youtube.com/watch?v=E-8FYpusTYg
Report ItsMeSwaddle December 2, 2021 1:33 PM GMT

Dec 2, 2021 -- 10:40AM, Celtic warrior wrote:


I would encourage all punters under the age of fifty to utilise their ISA

Report ItsMeSwaddle December 2, 2021 1:34 PM GMT
Tar for book.
Report geoff m December 2, 2021 1:49 PM GMT
If Rico is a non taxpayer as a pro punter ,could put £2880 into a SIPP get a 25% return to  £3600 with tax relief each year.
Take 25% lump from the SIPP tax free then capital withdraw the rest which is added to income for tax purposes
Report Rico-Dangleflaps December 2, 2021 2:18 PM GMT
no incentive geoff...need shares viagra
Report Rico-Dangleflaps December 2, 2021 2:19 PM GMT
how can barc pay people 0.01% whilst charging 5% for loans...isnt that criminal and im certinly no financial expert btw.
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