Thread: Conversely?
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Old 27th August 2005, 05:05 AM
Guitar Jim Guitar Jim is offline
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Join Date: Aug 2005
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Backing a last start winner if it starts again within 7 days is *guaranteed* to produce a long term loss; if that's the only criteria for the selection. It's simply impossible to win, long term, this way.

There's no easy way to permanently make a genuine profit from backing horses. The tiny, tiny amount of successful, professional punters ALL work unbeliveably hard and diligently year in and year out in order to produce several percent profit on turnover. Any other approach is just pure gambling and in this day and age will definitely not produce *genuine and permanent* earnings.


Successfully making money on the punt is a complex and difficult career path.

I think the hobbyist though has an extremely hard time accepting and believing that. There's probably thousands and thousands of hobbyist punters all over Australia who believe they can achieve a *genuine* profit. They'll look at their great results from last week/month/year and be convinced. Good luck to 'em; I guess everybody needs hope in their lives.

The mathematics of gambling on horses is based around the fact that virtually everyone (except a knowledgable professional) MUST lose eventually. The government and TAB's are guaranteed their profit for obvious reasons, and the bookie will ALWAYS win unless he *gambles*...... so the loser MUST be the punter. That's the facts of life.

I hate to put a dampner on your hopes, but laying horses in the manner you desire will also not provide a window to a genuine, permanent profit.

It's harsh I know, but it's the truth.
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