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Day4
Bets 80..Hits18...S/R=22.5%...Rets.=73.80...Win -6.20 POT = -7.75% Ave. price of winners = $4.10c Well, I was right about 5-10 winners but just didn't quite do the business for ya, maybe tomorrow will turn it around. Incidentally the place is just in profit (best tote available) |
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never mind mr.barry
i make a fool of myself on occasions as well |
Gee, I'm not sure how it got to this, Mr barry, you know; considering the "Forum Curse" these 4 days are not that bad, I mean it would be a miracle to start posting on a winning run, it just doesn't happen.
In fact your selections over 4 days , 80 bets no less are very close to break even (EW) That is NOT a bad result, why don't you reconsider (if only to prove a point) say, post for 10 days and that's it win or lose? hOW ABOUT IT? |
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And what possible benefit would another 6 days of the previous 4 be? There is no knowledge being passed on. Its only "LOOK AT ME,LOOK AT ME" - and how rude he is. Obviously PartyPooper is a wannabbe ProPunter but ain't makin' it. If you want to read some success stories and how they were achieved, Google up some gambling Blogs. There are heaps out there. Plenty of real time information where real errors have been made and their avoidance can improve your methods. |
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Post deleted. You posted "I don't give a monkeys about the guidelines." Please read the Terms of Use.
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Mr Barry,
I really do wish you well and hope you can beat the game. Most punters in punterland have tried and came to my conclusion that money in the bank gaining a good interest is the way to go and while punting is fun and mentally stimulating as a past time with little collects here and there to further stimulate the interest its not really going to make one any money unless betting in hundreds of thousands of dollars. However you just may be the exception to the rule and I wish you good luck with it. Cheers darky |
just one point Moeee, you are correct I certainly do have aspirations of living off the punt,and despite having one proven plan, I haven't quite made it yet, I just can't get the turnover to make enough, thats why I'm always looking for something new. one day......maybe!
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You can't get the turnover? Does that mean you are winning in the long run but at a very small percentage? I wonder whether you have attempted incorporating the available Price of the animal into consideration when you place your wagers? Don Scott used to be somewhat mildly successful in his career change , and then adopted the Value idea into his Methods and just simply went from boiled lollies to chocolates. |
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Schumcta 80.
Well at least you got this oldtimer still aboard. Even in my crazier posts there,s a lesson if one looks for it. Cheers darky |
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Yeah but I bet you were on the "Pearler" though.
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Comprehension not your strong suit?
To know what the ******** you are talkin about I would have had to have read your posts lately. Put two and two together and you may realise just why I have no idea what you are on about. |
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Why has a new friend turned so mean, when all everyone has tried to do is be helpful to him , to improve his funny little system.
He seems to snap at every helpful hand offered. Only arrogant people, who dont know any better, do that. It appears the Bhagwans polite warnings to our new friend, were treated with contempt. Retrabution will now be swift . |
Yes looks like he has been sent to the naughty corner
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Darky, I agree, to make a living from the punt you need to turn over quite a lot each year. And anywhere from 3 - 7% POT would be a great outcome on large turnover. What i find interesting though, is that you say you have been betting for many many years. Wouldn't this long period have allowed you to build up a sufficient enough bank to reach the turnover you need.? If you were a winning punter over all those years, you would have built your bank to allow enough turnover like you suggest above. So perhaps Mr Barry is right. Maybe it's just that you can't win at this game. |
Lighthuman2010
Making money on the punt is relatively easy BUT you wont make decent money unless your outlaying very large amounts of money and turning that money over constantly with a large volume of bets. And even then there is no garuntee. No Professional bets 1 horse a race as the fairy tale system sellers and other dills tell you. Most of the well known and abused form factors are total rubbish and most of the big payers are just lucky horses on the day. There is nothing scientific in betting on horses. Its not the easy road to riches and in my opinion would be the most mind numbing job the good lord ever invented for greedy fools. In saying that I know no one will accept what I,ve written so its a pointless argument. Now being somewhat of a dill myself I will bet Taree R 5 H 2 - 3 - 4 - 5 - 9 - 11 - 12 BUT I want a minimum of $8 about any of them. Cheers darky |
Yes, that's what i said. To make serious money from punting you need to turnover serious money. And if you have a large enough bank with a method that has a winning edge, it is not as hard as you think.
Your claim that NO professional punter ever backs only 1 horse per race is completely FALSE. There are many people out there making a living from the punt and there would be not 2 of them that use the same method. There is plenty of winning methods out there. Do you know every single person out there who makes a living from the punt? If not, how can you claim that none of them ever back just 1 horse a race? If you find betting on horses so mind numbing, why are you always writing on horse racing forums? It is quite clear you have never been able to win at this game, so what you are you are trying to contribute to this punting forum is quite confusing? |
As I said its pointless to argue with newcomers to the punt.
I post to educate whats important to consider when looking at a horse i.e weight /leader or races on the pace/Horse Profiling /The stupidity of betting 1 horse a race etc etc. I also post wacky ,crazy systems to make a point.The point being that most of the yearly profit come from pure luck and not from some so called scientific infallible method of race horse handicapping. In the race I mentioned consider why you,d bet a $1.70 Horse when you could bet bet 6 other horses for the place and make a better profit. Personally I think your looking for a argument and frankly I,m just not interested. darky |
First of all Darky, i'm new to this forum. But I am not new to the punt.
I make money from it and know several others who do as well. I also am not looking for an argument, but rather an intelligent debate on your FALSE claims. But it is obvious you are unable to do this. I don't think anyone here would really be too interested in hearing about how you select your horses considering you are a long-term losing punter. It's never too late to learn Darky, if you learnt how to listen better you may have more success on the punt. The fact is, just because you are unable to win, it does not mean no-one else can. There are many out there doing it. |
Crikey darky !
You couldn't be more wrong me thinks. I only ever bet one runner per race, and it's always the fave. This is all I do to make a quid and one of the most important things in my book is to come up with a system that isn't mind numbing. Keep it simple is a great idea.
What Lighthuman says about the bank build up is fundamental to betting largish sums per race. If it's money you've earned from the punt then as the bank grows so do the wagers and yet there is no stress. If it were outside money put in then that's just gambling.....hard to win long term at gambling. |
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It seems you are stuck in some old era Darky. You need to keep evolving in this game to stay ahead. Perhaps that has been your downfall. I know a few people who live off the punt and the majority of races they bet on involves just 1 selection. It can't be that stupid then, can it? |
Lets break this down a bit, i think most people would be happy with 50k a year from punting, now what would it take to get that sum of money .
We will ignore the fact you need winners with out them nothing is possible, now if you could obtain 5% POT you would need to turn over $1m this works out to a bit under $20k a week, now if you had 50 selections that's about $400 a selection. Working on a 2% of bank bet you would need a bank of $20k now none of this takes in to account compounding of the bank or downturns or anything else that might happen it is just basic maths. What this shows you is that you don't need huge amounts of money to make it on the punt, now 20k bank is not a small amount of money and if you don't have that then start with what you have and work on it. Remember this is a business and 50k a year is a nice wage and many businesses start up costs are a lot more. In my mind turnover is king and i would aim for 100 plus bets a week. |
I have found that the magic percentage to target per day , is 3.5% increase on bank per day.
No more than this. If one has the ability to do that every day, thats approx 25% increase on bank per week. Useing the Fibonacci compounding rule of 72 That means the bank would double every 2.88weeks. 72 divided by 25 = 2.88 It can be easily done with the right stratergy. e.g. Dutching multiple horses and using a well thought out staking plan. The secret is having the discepline to stop once the percentage is reached. What generally happens, is that a punter finds himself reaching the 3.5% fairly easy , then says to himself , "lets go again". For some reason , it starts to get harder & harder to get the next 3.5% until its all given back & some. |
Bhagwan,
If you are relying on staking plans and stopping at targets for the day, it generally means your selection method does not have a winning edge. |
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Good solid stuff Shaun, you and I know that is the facts as well (i.e trial and error) although I disagrree with 1 point though, the 2% bit is OK in itself sounds reasonable, but for the vast majority this after a 2 or 3 bad runs would bring on the "RUNS" big time! So I advocate either LEVEL stakes or at best 1% never reducing! |
Personalised percentages...
To my mind party the question of bank percentage is bonded to one's long term SR.
I comfortably run at way more than 2% of bank but that is only because I have the luxury of enjoying an upper end SR. On this subject I should point out that I feel many people don't know what their SR is. You might have been strictly sticking to a system for many months and think "OK I've got this sussed and the SR is x amount" but then the next year it might perform way better. So what then would the sytems SR be? ( or it might go belly up, but the same problem.....how to calculate SR ) Depending on the system, it might take years to get a spot on assessment. I think it might have been Bagwhan that said whatever you think your run of outs should be with a system's SR then it is a good idea to work on the assumption of doubling it. I use that as a guide anyway and think it good advice. |
Oh i agree with you both on the bet size and staking, i only used 2% as an example.
Only the individual punter knows what they would be comfortable betting, my example just shows that you don't need a massive bank but i would also say it might be best to have double what ever you think you need. |
Lighthuman 2010,
Betting 1 horse a race is a recipe for disaster. There is always a 2 or more horses in any race with a good chance of winning. |
Darky,
We really have to break down your thought processes and rebuild you for you to have any chance of success on the punt. Of course every race has more than 1 winning chance in the race. Every horse that jumps out of the barrier has some sort of chance of winning its race. There is many winning methods out there. Some professionals will only bet 1 horse per race on most occassions. Some professionals will bet multiple horses or savers per race on most occasions. There is people out there making good money using either of the above methods. That is FACT. For you to rule out completely, betting only 1 horse per race, is very naive and makes you look ignorant. (I really do worry you may never make it) There is no logic behind your theory. There is many smarter people than you who make good money, and have done so for many years, betting mainly just 1 horse per race. |
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