Tues; 28th May 2002.
Goulburn Race 3 Horse 3 Rocksign
Bendigo Race 7 Horse 2 Wise Ruler

Happy Punting :grin:

_________________
Invest - Don't Gamble!



[ This Message was edited by: Equine Investor on 2002-05-29 22:41 ]

Rocksign ran second and paid $1.20 the place.

Wise Ruler didn't handle its weight well and ran a close fourth.

[ This Message was edited by: Equine Investor on 2002-05-28 16:20 ]

Canterbury R2 Horse 3 Oakfield Lad

Canterbury R6 Horse 1 Oakfield Duke

Canterbury R7 Horse 1 Wedding Belle

Flemington R4 Horse 1 Barrenjoey Sunrise

Flemington R6 Horse 1 Indigo Rain



[ This Message was edited by: Equine Investor on 2002-05-28 22:14 ]

***Selections have changed for Wed 29th May
due to track conditions***


##SEE ABOVE##

Oakfield Duke was the only winner paying $2.10 (VICTAB).
A very bad day as some contenders were unknown on slow tracks but still put them in for value.


-----------------------------------------
Win percentage 14.28
Average Dividend $2.10
Profit/Loss level stakes -$4.90

[ This Message was edited by: Equine Investor on 2002-05-29 16:07 ]

Thursday's Tips!

Mt. Gambier R6 2 Campaspe

Mornington R4 2 Our Option

Mornington R9 4 Djorkaeff

Wyong R4 10 Play Dirty

Sounds more like gambling than investing.

How can you invest in a 1.5 min race?
Do you buy options on the last trading day, 1.5 minutes before the close?

If you were an investor, wouldn't you be buying horse flesh for breeding purposes?

lol gun punter!

Investing is where you KNOW that given your average strike rate and average dividend you may lose money on the day or even week, howvever, you will make a profit in the longrun due to these factors.

Gambling is where you try to pick winners in a haphazard way oblivious to the fact of strike rate and dividend, without a system and without proper form analysis. You try to get out on the last race and chase losses so you win on the day. You walk into a TAB and look at what the next race is that's running...dash to the formguide, make a 30 second decision, place your bet and swear at the TV monitor when your selection runs 4th. This process is repeated for the rest of the day ubtil your wallet is empty or you win on the day. Obviously you wind up broke in the longrun.

Sound familiar gun punter???
:grin:

You're kidding yourself.
No matter whether someone is successful on the punt or not, its still gambling.
Even the people behind this site, admit that!

Strike rates change over time, during a given 6mth period your strike rate may be 45% (win) with an avg div of $3.50, over the next 6 mths drop to 35% with an avg div of $3.20.

Each time you place a bet, its still a gamble.

When someone buy some options or futures, they are not investing - they are speculating - whether its successful or not.

I can tell by your comments that you lose, by failing to admit what your actually doing.

Even great traders like Soros, lose money from time to time but he's not an investor like Buffet - he's a speculator who's very good at it.

Investing - is where you buy an asset, that you think will be worth more than what you paid for it in the future, and has potential for a revenue stream for several years - it doesn't have a time limit like 2 mins. Buying a horse for breeding is also speculative, but its investing, cause the asset (horse) has the potential for creating an ongoing revenue stream for several years.

If you had a system that worked over a period of time - you could call that an asset - but each time you punt on a horse - its still a gamble.

I know how to countn cards and play basic strategy at blackjack - but its still gambling - all that's happened is i have increased my odds of winning.
That's what a good betting method does - increase your odds of winning, but it ain't investing.

gun punter you are entitled to your views, as is everyone on this forum. The logic in your arguement needs no comment - it defies it!

So if I invest in a breeding horse and it gets hit by a truck - that's gambling.

If I invest in a term deposit in the the bank at 3% and there is a recession and the bank goes belly up - that's gambling.

If I buy a house and it gets burnt down and my insurance company goes bankrupt and I lose the lot.- that's gambling too.

Me thinks if you get out of bed in the morning and stub your toe - that's gambling as well!

[ This Message was edited by: Equine Investor on 2002-05-30 14:56 ]