Becoming a elite investor create a betting plan

[ubetido]

Hi all

I was reading an article the other day that some of the better managed funds over the long term make around 20% per year on capital investment. This is touted as something super special.

Now 20% per year equates to .38% per week.

If you could make just .5% per week of your bank and compound it voila you have a 26% return.

Now you are in the elite brigade as far as fund managers are concerned.

I feel the downfall of alot of punters is greed.

Just think if you could make 1% per week

It would be interesting to come up with a Betting plan to achieve these conservative results.


Something to think about?

Cheers
ubetido

[Shaun]

I have used a selection process that makes just 10% profit on turn over, now i can hear half the forum saying that is just crap.

The increase on the bank in 3 months was 30%

[crash]

Ubetido,

The investment plan is not the problem, it's creating and maintaining the returns.
I think most punters lose through laziness. They think they can spend 10min. with a form guide and consistently win. The more you work the more you win, but most punters are lazy and it's one of the big reasons they search for the magic system, free or bought or if they juggle numbers or stats. long enough they will find a winning patten that will set them up for life.

They bet all over Aust. without looking at track maps of the circuit their betting on [nor the weather condt. more often than not http://www.weatherzone.com.au/weatherYourSite.jsp ], who the good jockies are on those tracks and probably don't even know the layout [or the good jockies] of their local tracks. They bet on exotics yet haven't mastered a profit from the basic win or place bet. They think the only form they need is what's in the newspaper and would never pay for a good form service etc. etc.

[ubetido]

Good stuff Shaun what you are indicating is very feasable.

Crash i understand what you are saying. I did say long term. Alot of ways work over a short or medium term but the real test is long term at least 2 years i feel.

When you are having a good run you have to be disciplined not to get carried away.

If you have a bad run you have to be disciplined not to change or go of on a tangent

Compounding is something one should aim for.

cheers
ubetido

[crash]

I think we read the same article Ubetido.
I've never read so much twaddle [to fill space I think] in my life. Punting is nothing like the stock market [futures market perhaps] and setting up an investment portfolio and strategy plan [nice and steady]. Punting is a more like a roller coaster, but it can be ridden smoothly with practice.

When I'm having a good run [of opportunity] I don't get carried away, I take advantage of the situation and jump all over it in a very controlled manner [increase my bet sizes]. I do the opposite in a bad run [lack of edge]. The ability to take advantage of opportunity leads to successful punting. Some punters posses that bent, courage, gambling spirit [call it what you like] and some punters don't, they become cautious and the opportunity is gone. They steadily lose. Winning is rarely 'steady', it's taking advantage of a good situation that creates profit. Sometimes it comes like bunches of grapes [rarely] and others we have to shoulder the shovel and go out and dig.

Think poker. If a poker player has a full hand or better what do they do? They maximize and raise stakes where possible. Present a cautious punter with a huge 'overlay' and what do they do? They wet themselves and think something is wrong and if anything reduce their bet. Offer me 7/1 on something I think should be 2/1 and I will triple my bet as quick as a flash. That's my 'betting plan'.

Opportunity doesn't knock on our door that often, so we have to work searching for it and when found, exploit it. The harder a punter works at looking for 'edge', the more of it they will find. At the same time they have to work at recognizing lack of it and be able to stop throwing money at it. Those two things are the hard part for most punters to deal with. Personally, I'm still working on them both, but I'm making a fair fist of it.