The Edge;what is it.....

[mac]

Can't argue with that...

One thing that I read which rings true is that most punters are happy with the odd win every now and then. The 'system' is in their head, and they don't have the discipline to stick to it and chase tips, rumours, etc. There is NOTHING wrong with this, providing you realise there is no difference between this and lotto (except it's much more fun to watch). In this case winning is due to luck more than good management and you have to be prepared to be left holding a worthless wad of paper - just like lotto.

Then there are those who can combine the fun with the homework and discipline - quite a challenge!

<font size=-1>[ This Message was edited by: mac on 2001-11-14 00:59 ]</font>

[turfcutter]

Q.What is the definition of a mug punter?

A.A punter

Moral of the story is there is no such thing as a professional punter.

[Mr. Logic]

On 2001-11-15 20:06, Turfcutter wrote:
Q.What is the definition of a mug punter?

A. A punter

Moral of the story is there is no such thing as a professional punter.

Turfcutter,
I do not understand your joke. It is factually false.
Punting by serious form students involves a lot of skill, hard work and discipline. There are many punters who do very well out of the punt.They make a consistent living.

They are hardly mug punters. They are professional punters.

Mug punters do not have skill, discipline or hard work. They have no idea of value, think they can pick winners by glancing at the formguides on TAB walls or watching price movements on the tote etc. etc....

I am not going to say anything more on this as probably every other visitor to this forum knows there are professional punters for fact.


<font size=-1>[ This Message was edited by: Mr. Logic on 2001-11-15 20:27 ]</font>

[Mark]

Hear hear Mr Logic.
Why do you bet, Turfcutter?

[turfcutter]

To be honest I bet because I love horses i.e. if I like a horse I'll have something on it and watch it go around. I am not under the illusion that I can make money out of backing horses. You tell me there are professional punters I ask you for proof! So many people are wise after the event, but I browse all over the net and nobody consitently tips winners because it is impossible. You can do all the form you like, but luck plays a huge part i.e. horse can't get a run or is trapped 3 deep. I'm prepared to back my knowledge from following horses as a hobby. Let's say Ballarat race 7. Lord Kingston each way. And don't give me any systems with trifectas with roving bankers. Where's the fun in that?

[mr magic]

Turfcutter,
There are Pros out there and the reason they exist is because the world is full of people like you who are happy to bolster pools with ill-informed $$$.
Keep it up mate!

[Mark]

I quit my job about 6 weeks ago to concentrate on horses.

[Reenster]

Mark,

How are you going so far? Do you do your own assessments or use a ratings service?

Cheers

Hi, I would love to be a professional punter, but first I have to complete an apprenticeship of long hours of study, application and developing the factors outlined by Tullock and Mr Logic. Then raising my comfort level to bet in large $500 - $1000 type amounts.

I have a couple of selection methods that have produced profits over a couple of years, but still get uncomfortable with increasing my bet sizes. Until then I keep it as a hobby that pays for it's self.

The Professional punters I've met generally keep very quite about their work and selections. They hate the hangers on and parasites who want a free ride.

Can De Gaulle's Lane steal the show this autumn?

good punting, Horse cents

[Mark]

Reenster,
Did not bet last week.
Ahead overall.
No ratings or tipping services, no form study.
Previous posts have been edited (fair enough) by Propun.

[glenton]

Professional Investing on Racehorses.

As a member of a small group of Professional Investors, we do not (as a rule) at any time visit or support any TAB outlet. All our investments are with bookmakers, our bets are usually $500 to $5000 on any one horse, we employ stablehands, trainers, owners and other sources to obtain the 'good oil' on any given race day, we usually get what we pay for. Most of our members will only invest on two or three horses per Saturday. Win,loose or draw we would never chase anything outside the pre-planned investment. Over the years we are the ones that show a + balance, YES, it is possible to make lots of money in Horse Racing but then again - one needs to have three essential qualities - 1. Be highly disciplined. 2. Not be greedy. 3. Be absolutely fearless. We are the 'Traders' of Horse Racing.

[PercentagePlus]

Glenton.
We own 3 horses with 2 different trainers.1 with the leading Sydney trainer and 1 with the Cups King & 1 still to be broken in. I put what you have written to both trainers and they both answered firmly. If we gave out information of that calibure to any person after your syndicate paid over $300,000 for 1 horse and $200,000 each for the other 2 "You would quickly seek another trainer and change stables" information on any horse in her stables be it Syd,Melb or Bri is only for the Owners and no one else ,even their staff are told to keep stable information Confidential. Her husband also quoted saying there is very few Professional Punters left and very few that make a living from it today. He added that most days (on major meetings)Very little money is held by most bookmakers compared to the 80's so that shows the Professional is a dying breed.

[glenton]

Dear Percentage Plus:

Thank you for your response. One would expect Trainers to say these things, do they really think that some stable hands don't divulge inside information ? you'll be surprised at what we get offered, this is Horse Racing we're talking about and Owners DO have close friends/family that they pass-on this type of information too. Maybe there are not as many Professional Punters as before, but we still exist and we do have our sources of inside information - Believe it or not.

[glenton]

P.S To P.P

We had one (1) investment on Saturday 24th Nov.2001-As the horses were about to leave the enclosure for the second at sandown I called my bookmaker and asked him what odds he could give me about a certain horse in that race, his reply - 20/1 , I accepted it and the investment was placed. I've since noticed that the TAB paid a lot more, but because we (professionals) don't invest with any TAB, we were most satisfied with what we obtained - And your trainers are telling YOU that WE (professionals) are a dying breed ???

<font size=-1>[ This Message was edited by: glenton on 2001-11-25 13:47 ]</font>

[PercentagePlus]

Glenton.
Just a short query.
Did a little more asking after your last answer and ran into Bill Mitchell at Warwick Farm on Wed who told me a story about Jack Denham and a stable hand that has just been made unemployable . This person was in high demand as a trackriderStrapper in the Sydney Metro racing stables but because he gave out Stable Information "No Trainer will give him a start ". for fear their owners will take there horses elsewhere Bill explained
He also said does this person (Glenton)own horses. Remember with out Owners theres no racing . Professional Punters "only bet " they put nothing back into racing, so why would Owners , Trainers , Employees give out information only to watch their horses runners price half by their freind placing a $10,000 bet. Great Freind.

[Mr. Logic]

It is interesting to see the comment in this week's Punt to Win about the big unraced winner claimed in this thread to have been backed by professionals with inside info at Sandown last Saturday - Pro-Punter gave reasons why and said something along the lines of there being no serious professional or inside money on the horse.
Quite interesting isn't it?

[glenton]

Percentage Plus:
In reply to your short query.

The trainers you have spoken to are absolutely right. None of our group own horses and that is by choice, we are investors who demand a high degree of positive returns....and get it. We are a small part of the investor group equally spread throughout Australia, most of our (larger) investments are made offshore for very good reason, ever heard of William Hill and others of similar status ? if you did, you might start getting the picture.
This could be my last response to matters regarding Professional Punters as my collegues are wondering why I'm bothering with 'educating' people that just don't want to believe......and to Mr LOGIC - you're right there was NO money placed on that horse in Australia, why should we jeopardize a 'Price Plunder' when we could get the odds we want overseas. Thanks for the interest.

[Mr. Logic]

So Pro-Punter was right. They don't get it wrong too often. What can I say, very astute placing of bets by you.