I'm okay with finding a selection.

But supposing I come up with 2 Races and in each race, the animal I wish to back, I have assessed as a $3 Chance.
I figure it as having a 33% Chance of winning.

In one of the Races all the Form is revealed and all the Factors used to compare horses are obvious and plain for eceryone to see.

In the other there is a doubt about the selection never ran over the Distance, and there is a First Starter from a leading stable
But the animal is VERY Good.

At First I figured that both selections are worth an equal amount, because of the Price I came up with, but somehow the Race with the less unknowns is worth more.

Anyone care to comment on how they go about how much to invest?

moeee,
if you are so confident about the chance of horse A, but less confident about horse B I can't see how you could have them priced equally. Clearly horse B should be at longer odds, if not maybe you need to review your pricing and/or rating methods...just my 2c

Hi Dennis.
Both horses came up at the same Odds because they did.
The Total for all runners in a Race must tally 100%, and if some of the animals are very poor conveyances, then they get rated very poorly.
So even in a Maiden Race, sometimes a poor Quality and inconsistent animal is SO Mush less poorer than the others, it is still coming up as a short Price.

If that don't help how about this.
One of the races is running at Flemington on a good Track.
The other race is at ROSEHILL, where the Track is wet and muddy.

Is a $3 Chance worth investing more, less or the same as a $3 shot on a GOOD Track?

If you're convinced that you have assessed the horses accurately but are having misgivings re: one of them, my suggestion would, at the very least, reduce your investment if not stay out completely. We all can be wise in retrospect. Not knowing your punting psyche, I can't give any more specific advice.

....or borrow Partypooper's ouija board.......

Just suppose you could have a P.O.T. of 15%
And you wanted to live on this Profit.
And suppose that amount was $250 a week.
That means the turnover will need to be $1667
And that would mean $238 investment per day
And supposing you had 3 selections per day.
That would mean $80 invested on each selection

$80?

NO WONDER I'm not getting anywhere!!!
I'm having trouble betting anywhere near that amount.
I'ld be lucky if I could comfortably bet $25 per selection.

So can anyone give me some advice as to how I can get the ability to Bet $80 per selection, when it is so far out of my Comfort Range.

Evening Moeee,

I've put this up before but nobody seemed to think it was worth a mention. However mate this is the function that transformed my life. Once you've got a little system happening the trick is how to make a living off it..no?

Well I struggled with this for ferkin years until my good wife set me straight. You see until you start earning good money from the game it is so easy to lower your standards and let discipline slip. You know the story. It's so close to a qualifying bet and after all you've only got fifty on it so let's risk it!!!

Or maybe your having a golden run and you decide to put a hundred on ......what a surprise when thats the very time that your system crashes....and so on.

The only way I know to get to the serious money (not the Betfair Rubbish) is this ..... Always bet to percentage of bank. The percentage chosen depends on your strike rate. Generally 1 or 2% is about right. If your system shows a profit for the week (any profit will do, even a buck!) put another set amount into your bank. This amount depends on your current income. I deposited $100 per week for a couple of years before the snowball took on a life of it's own.

If the system doesn't show a profit for a week then don't deposit the increment for that week. Stick to this and if your system is dodgy you won't blow your life's savings, but if it's a winner you'll soon be back at the TAB's putting on proper dough... Good luck .

__________________
"Not winning on a horse that came first is one thing.....Losing on a horse that didn't come first is something else entirely!!!"

moeee my friend, as the lady in Allo Allo said: "I shall say this only once"

If your selections work out Ok, you only need a couple of weeks to build up your bank, and as your bank is building so will your confidence.

After that it's plain sailing, sort of, given human nature being what it is.

You will doubt your judgment from time to time, ignore the doubts.

Good luck