Hi guys.

This is not a post intending to upset anyone, as punting is a game full of memorable moments that I would never wish to take from anyone. It is however a small collection of what I have learnt in the game over the past twenty seven years, posted up to give food for thought to those who would like to take their punting activities to a higher plane......... those who would clearly like to punt horses for a living, or very close to it.

First up, a few basic misconceptions.

1. So called big money "professonal punters" really are not. They are men propped up by money from their buisnesses, inheritence or high incomes, or from stake money hits from horses they own.
In essence they are big money gamblers, not pro punters.
They all have one major thing in common.....they did not get their money from the punt, and if they had to start from scratch and punt up a liveable betting bank they would soon starve!

2. It is a falacy that a massive turnover is needed to show profit over time.
This is for men who have that poor of a selection and staking method, that a very large turnover of money is needed to capitalize on a very skinny profit margin. In reality these type of punters last only as long as other money (or imagination) is proping it up.

3. It's quite false that a very high starting bank of $10,000 to $30,000 or more is needed to start a betting bank off. And false also is the thinking that the bank must be turned over and over like it was inside a washing machine.
The fact is a betting bank must be protected from heavy turnover!

Here is another fact, if the average man clears $30,000 a year in his regular employment, then to match that in punting earnings, he can start off with a bank as little as $4000. And still keep his job. Nirvana for the average bloke on the punt would be around $50,000 a year.....roughly $4000 to $5000 a month. A $6000 starting bank for that is plenty.

4. It goes against any real common sense that an ** School Teacher, Mathematition, Engineer, Accountant or any highly educated induvidual, can come up with a numerical/class/time rating system that leads to first a steady income, then on to great wealth.
It simply cannot be done.

Those are just a few misconceptions and there are of course plenty more, but I would rather go on to selection and staking methods, punting psychology, how to relax into a life on the punt, and why you should never except odds on any bet unless it can return you over $7 to the dollar.

I will post the rest up tommorow in Part 2, and then in Part 3 on Tuesday.

Happy Hunting
TheEasyRun

Hi TheEasyRun

Good stuff i will be interested in reading what you post.

Cheers
ubetido

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Hi ubetido.

I was going to pop it all up tonight but did not realize how tired I would get. Look forward to chatting.

Sorry about that Filante, I should have realized how it might sound. No I will not be selling, or trying to sell, anything.

Should be good to see what you have to say. Agree with most points bar the starting bank, i think most people want to go 'pro' so they can quit their $30,000 job not do it and punt.

The psychology post should be interesting. My guess is someone slighty reckless yet conservative at times who can express little emotion and move on quick would make a good punter. Ok lol thats just me! Am i good? Well not pro yet but i havent paid for a sat night out in months.

I also think you have to try to be complety different in your approach to gambling as 95% are loosers correct? If you do the same thing as those 95% you will end up just like them.

Righto Chrome and Filante. Enough of your misquote's.
Read the following sentence below that I wrote in the original post again, then read the misquote's you both posted, and get a grip on the figures on which you are twisting around.

" Here is another fact, if the average man clears $30,000 a year in his regular employment, then to match that in punting earnings, he can start off with a bank as little as $4000. And still keep his job. Nirvana for the average bloke on the punt would be around $50,000 a year.....roughly $4000 to $5000 a month. A $6000 starting bank for that is plenty. "

The very reason you two can not smell the roses is that your both stuck in a void of numerical system punting that even with a massive turnover, simply does not produce enough profit for the average man to live on. They do not work. They cannot. Why will be explained in Part 3. And for cristsake do not misquote anything out of it.

What you call 'my drivel' is in reality race punting law.

Everyone has different theories and methods. There is not neccessarily one winning way. Could be thousands of different winning ways. Some of what you write is excellent but the smug self-righteous attitude is tiresome.

cheers
umrum

The EasyRun,

I did not call what you wrote drivel, I just challenged the mathematics of it - it simply didn't add up. I can challenge what you've written without twisting what you said.

The very reason I cannot smell the roses is that I broke my nose in a car accident and lost 90% of the sense of smell - no other reason.

Rather than myself or Filante misquoting, it seems you are now backpeddling rather than explaining how it can be done and posting hard numbers.
The reason why is that the numbers just don't add up.

Don't get me wrong, much of what you have posted is excellent, the rest leaves a very large question mark.

I am often amused that others can make decisions on what sort of punter another person is, just by going on what they've posted on a forum.

Let me tell you that I am not just a system punter. There are many facets which make up my punting.

I use systems.
I handicap.
I follow horses that are on a watchlist.
I use other methods and lay horses as well.

I enjoy systems immensely, but that is nowhere near an accurate description of the overall picture. I believe there is a place for everything in this game, providing you can identify an edge.

Amazingly, most of my systems are actually based on sound handicapping principles - imagine that!

The common misconception seems to be that a system punter is one that relies on longshots or bets numbers or follows jockeys or trainers or similar, again, that is way off base.

There is no misquote at all - you stated that to match $30,000 per annum, all you need is a $4,000 bank.

It still doesn't add up how you word it.

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No problem Easy. I just thought you were going to turn into another one of those shonks who tell people they can make $5,000 a month.

The markets in horse racing are reasonably accurate and weighted against the punter (i.e. over 100%). To make $5,000 a month requires very good analysis and higher turnover than your $30,000-a-year type bloke could afford.

Cheers

Filante

Interesting read TheEasyRun, looking forward parts 2/3