Mine has been betting 1 horse a race at a short price.

These days I will bet 3 or 4 horses in the 1 race at a proffessionally asessed price.

Through the school of " hard knocks " I realized there was ALWAYS a danger or 3 in EVERY race.

Cheers.
darky.

According to my research, the only way you can hope to profitable back
more than one nag/race is to pick long priced horses. With the shorter
priced horses, you are just backing against yourself, ie, you are guaranteed
of having backed at least one loser. It's not so bad with the outsiders, because you only need put a little on them for a good return, and the longies
tend not to crowd each other out.
just my 2 cent's worth.
Larry

The two worst mistakes I've made is having too many bets, when they weren't planned in advance and so giving back the profit.

The other one is trying to trade my way out of a loss for the day, instead of waiting for the next meetings selections.

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Lin - I agree, it's hard to back more than one and make a profit, definitely true. My own research has shown the same thing.

once, when i was a young lad, i didn't back the winner!

Afew years ago at a Brisbane meeting very heavy going, I was subscribing to a well known mag at the time and following their tips, they tipped Inspire ($20 on the nose) and another longshot (can't remember the name for EW) at the same time I weas following a system of mine (horses that had won their last 3 races backing them for the place next run).

Suddenly it crossed my mind that I had 3 bets in the same race, and I really should take the box tri, I don't know why but I changed my mind and didn't do it.
The result, Inspire won 66-1, the EW shot 2nd (massive odds?) and my place bet third at about 16-1 or so. It was a GOOD collect ..... BUT the trifecta paid almost $80,000, groan...........

There have been many mistakes so a recent one, last month, was when on Betfair, favorite was around $2.5, I accidently clicked Back instead of Lay and entered the stake. The colours are different but I wasn't concentrating properly and they were almost set. Of course I then couldn't trade it back as friggen 'Suspended' appeared, had plenty on, heart pounded during the race and we know the result.........

One of my worst (prolly one of many) - rating a race (mid 80's) at Kembla on a Wednesday (very limited form available) and establishing that Horse 'A' would beat the odds-on pop by 5 lengths (Ha Ha).

Had $20 EW and Horse 'A' beat the hottie by 5 lengths and paid $40 w & $11 p
....spewing - I NEVER back EW......

Den

The worst mistake............. that takes some thought as there has been so many........[thinking]............yep, a simple one but what makes it the worst is because in the long run it's the most expensive and I have done it thousands of times: Backing a favorite. They are by their very nature always 'unders' and they mostly lose, especially if I've backed it !!

the worst,??

Probabally the worst thing was to spend months testing a selection process that worked.

Then, starting with a bank, betting following the tested selection process.

Then when the bank doubled, i thought how good is this !

When the bank trippled, i thought, how EASY is this,

(i was backing the runners win 1x4 place)

so, i looked at how often i was getting the winner, 44 %"ahh, i can just put it all on for a win, im too good at picking the winner, i dont need the place component"

Well, i didnt take into consideration that the place percentage was "backing up" the loosers, so when i doubled my outlay (because my bank doubled)
the run of normal outs ate my bank away and i looked and thought how did that happen.

So, i will build a bigger bank and not get GREEDY.
Next time, i will wait for my bank to be 5 x original before betting higher, stay with what i know in selections, and walk away when the bad day starts