Do you have a clue?
Certainly appears not to be so.

If a house burns down? What do you think the land is worth???

If a horse dies? fair dinkum ....A horse race is guaranteed to be over in a matter of mins, whereas a horse generally lives for several years - if it dies suddenly - that's bad luck.

.......

An asset is something that creates a revenue stream over a period of time. Given that investing is buying assets, how does a ticket create an ongoing revenue stream? - be it a winning ticket or a losing ticket.

Try and go to a bank and tell them you plan to buy $100,000 worth of assets - then say that these assets are betting tickets for horse races - gee I wonder if they'll lend you the money??? ....

[ This Message was edited by: quapi on 2002-05-30 21:05 ]

I agree with you Gun, but you guys are arguing over terms. I assume those of us who call gambling on horses "investing" do so because they believe acquiring knowledge about the relative chances of a horse to win a race and obtaining value from their bookmaker about that horse will give them the edge that allows their bank to increase over time (and so provide a revenue stream).

However, investing in shares is also a gamble. There's no rule that says if you buy shares you are guaranteed a revenue stream and certainly not a capital gain, even if you stick to blue chips (Telstra 2 subscribers will testify to that). Again, with the share market, you acquire knowledge and make an informed, educated decision as to which shares to buy and hopefully with that knowledge, increase your chances of making a gain. It's still a gamble, just much less of a gamble than horse racing.

You say potato, I say potahto, let's call the whole thing off.

Why did you even bother posting here gun punter?
I never attacked you calling you stupid etc.
You really need to grow up and learn the basic maths of investment...yes investment.
So you are saying that investment is over a few years and a horse race a couple of minutes-you really don't understand what it's all about do you?
I don't INVEST to win on the race or day as i said before...I invest to win over the year.
If you invest in BHP for example, and the share price goes down 1% on the day...do you sell your shares and say "I gambled and lost?" Probably you do but anyone with the IQ higher than "an ant" would not!
So too if I lose money on a race or races, I keep making further investments as I know in the longrun I will win. The only difference being you make a large one-off investment in a stock and I make many investments in horseracing.
By the way a ticket is not an asset...the system strike rate average dividend and overall investment and profit is the asset.
An asset is something that creates a revenue stream over a period of time....you just killed your own arguement!!!!!!

Go to a bank with shares in a speculative stock (which you call an asset) and see how far you get.
Now do you follow this???

How can you people judge EI's ability on a dozen or so tips?
It shows a complete lack of understanding of how the game works.
EI has the guts to post his tips and introduce his jockeys/place system for all to share on this forum. On another thread I expressed huge misgivings on his place system but surely the bloke should be free to make postings without the lunatic fringe ripping in to him.
Criticism is important - smart people learn from it. Destructive and ill informed babblings from the likes of gun punter are a waste of the valuable resource that is this forum.
The forum beginning to grow in input and hopefully the flow on will be more intelligent posters. The "gun punters" can find somewhere else to go and not litter this forum.

Gun Punter and everyone else who has nothing constructive to say please p*** o** and leave the forums for those who want to engage in CONSTRUCTIVE comments or criticism.

Gun Punter - your whole argument is totally flawed because any "investment" is essentially a gamble. When you buy shares or an investment property or anything else you are gambling that the value is going to increase over time or that the promised income will be forthcoming. The only difference is in the level of risk and the associated level of return. Sure you can put your money in a term deposit and unless the banking system fails you will get a return but it will only be small. You can invest in shares and get a better return but higher risk of losing your money. If you have a really good racing system you can make returns that other "investors" can only dream of - but of course there is probably a higher risk. So every investment is a gamble.

BTW - your comment about a 1.5 minute race is completely missing the point - with a proper system your investment is just the initial betting pool you start with - the bets are just part of the system. Eg. I put $1500 in betting account in March - since then I have placed approx $14000 in bets and now have $4000 in the account. My "investment" in this case is the original $1500 - not the $14000.

gun punter,
Strike rates must be coupled with average winning dividends before they can be analysed.
I would love to back one winner in every 11 if I got 20/1. Similarly I'd hate to get 8 out of 10 and average 1/20 odds.
It is entirely feasible that a punter who averages a 25% strike rate will encounter many 1/11 trots during his career. In fact, 1/31 is not out of the question.
The key is to have a bank which will ride out the storm.
As for your 18/21, well anyone who has read your posts will have a fair idea of the honesty of that statement.
Please leave this forum to sensible, realistic posters.





[ This Message was edited by: mr magic on 2002-05-30 21:10 ]

[ This Message was edited by: mr magic on 2002-05-30 21:11 ]

some bets were for a place, others e/w, some for a win.
but did achieve 18 divs out of 21.

I wasn't bragging, just illustrating how silly it is to call gambling investing, whether you have a "system" or not.
If someone makes $200k/year from punting that's great, but i wouldn't call them an investor - just a very good punter.

My posts had more good info then some others.

I challenge EI to put up his selections this friday and I'll put up mine. Let's see who's the better "gambler" (for 1 week anyway)

Gun punter - if I have a "system" that generates $200K/year consistantly year in-year out is that an asset? If so then surely putting a few thousand into a TAB account that uses the system to generate the income must be an investment. I agree (as does EI, I think) that each individual bet is a gamble but we are not talking about each bet here - we are talking about the long term income potential.

Personally I don't give a damn what you call what I do - based on the performance of my system so far that $1500 I "invested" (or "gambled" if you want) has certainly outperformed EVERY share/property investment I have made in the past. :grin:

PS. I would love to see your tips for this weekend - not that I will put any money on any of them - betting on other peoples tips without doing your own research is most definetly gambling!

This discussion has probably gone on long enough. I think it is just best to agree to differ.

Friday's Tips...

Wodonga R1 Horse 1 Zoffiel

Wodonga R6 Horse 4 Rose Of Spartacus

Mt Gambier R2 Horse 4 Keepalante

Mt Gambier R5 (The Cup) Horse 6 Mighty Eel

Kilcoy R4 Horse 2 Motabro

Kilcoy R8 Horse 10 Formal Affair

Kilcoy R9 Horse 7 Kiitos Sbazeba Moi

Muswellbrook R5 Horse 3 Flying Crown

Muswellbrook R8 Horse 8 Shepherd's Lil

Canberra R6 Horse 2 Sammuka

Canberra R8 Horse 8 Codemus

__________________
Treat your selection and staking methods not with optimism, nor with pessimism, but with realism.