
3rd September 2005, 08:15 AM
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Member
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Join Date: Jul 2005
Posts: 256
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"well said joelance. in recent years the wider racing and betting community has taken on the fast food rush-rush mentality of society in general . having been punting for over 30 years i have seen this lead to a sharp growth in an almost keno mentality in the way racing is promoted and hence also a rise in 'get rich sytems' ."
Surely, this is getting back to what punting was all about pre Don Scott?
In the Depression years, when racecourse attendances were at an all time high, few punters were using any methodical approach to their selection and betting methods. That is precisely what racing was all about to most of the public..an enjoyable form of gambling. What the current promotions do is focus on that "luck" factor..and the enjoyment of gambling...
I think this is a good thing, not a bad thing. It helps to spread the money over more runners in a race. Bookies have been long complaining that they often struggle to lay more than a few runners in a race...melb Cup day is about the closest they ever get to what it was like in the "good old days"......with lots of mug money going on all the runners...
No matter how many times I am told that its impossible to win long term because of the Tab and bookie percentages, I just dont buy it. Im not backing all the horses in the race..Im only interested in one runner..and if i think I am getting value I take it. Surely the percentages cannot be working against me in such a scenario..they have to be working for me. Why is it that we tend to begrudge the takeouts so much when every other enterprise has these takeouts going on? The sharemarket is one example...
There is another common myth out there..that all bookies make money over the long term...yes, it was a klicence to print money in days of old, but the reality today is that many lose..its not easy for them either.. They are often just punting on the other side of the fence...I say "Punting" because as I said earlier..they can no longer set a book and expect to lay most of the field....they can usually only work with a few runners...except melb Cup day etc.
One thing I am sure of..with punting..as in many other endeavours, the real way to make money is to not do what most others are doing.....you have to think a little differently ....
I love it that there are programmes out there to crunch TABS with dutch betting methods etc..it has to be good for everyone. I love it that there are now more win pools that I can swim in...and "best fluctuations" etc on offer..
I love it that the TAbs are doing their best to bring back the gambling on to the track....The pleasure punters are a key to profitablility. .
Just my thoughts...enjoyable thread..thanks for all inputs
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