Most of us have formulated a means of selecting our fancies, whether it be by hunches or a complicated computerised selection system.

The end result is that we have selections to bet on that we have spent "minutes or hours" doing the hard yards.

The hard part is turning a constant profit on those selections.

It has taken me years and a lot of losses to realise that each bet must be made from a fixed bank and must be made to make a fixed minimum profit on that bet.

By not having a bank you cannot control your losses.

By not taking a fixed minimum profit one can accept too short of odds for the risk of the bet.

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RACES ARE LIKE BUSES, THERE WILL BE ANOTHER ALONG IN A MINUTE