View Single Post
  #8  
Old 30th May 2002, 12:10 PM
Equine Investor Equine Investor is offline
Member
 
Join Date: Jan 1970
Location: Melbourne
Posts: 740
Default

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:
__________________
Treat your selection and staking methods not with optimism, nor with pessimism, but with realism.
Reply With Quote