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  #81  
Old 9th January 2018, 04:56 PM
UselessBettor UselessBettor is offline
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Quote:
Originally Posted by Snert
1) It's about putting the odds in your favour. A simple statement in a similar vein to "back the overs".....the trick is to know why the odds are in your favour. It's all about risk versus reward.
2) The market is an extremely reliable indicator. Enough said.
3) There are edges everywhere. The one thing that made me uncomfortable about my systems was why any programming expert wasn't getting stuck in and taking advantage. You answered this!
4) It really is a mental activity, you continually have to try and prove yourself wrong.


1) absolutely agree
2) absolutely agree
3) absolutely agree
4) absolutely agree.

Glad the posts have helped.

Just tried to find the winner in Kempsey R7 but I just can't seem to narrow anything down. Looked at the race for about 10 mins and even the horses at $81 have a conceivable chance and I can't see a way to make a safe profit. When in doubt stay out of the race At least I won't lose anything today.
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  #82  
Old 9th January 2018, 05:00 PM
UselessBettor UselessBettor is offline
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Quote:
Originally Posted by darkydog2002
Hi UB,

How much of a Backup Bank are you using to acquire these sorts of profits.

Due to the volatile nature of Betting.

I would imagine 1-200 Hundred thousand Dollars as a minimum.

Interested in your thoughts here.

Cheers.
darky


Darky,

All from profits built up from a starting bank of $100 over the last few years. I remember the days when I was betting $1 and $2 bets as that was the safe percentage to bet. Its grown a lot since then. Your estimate is probably a little low. Its a fair bit above $100K.
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  #83  
Old 9th January 2018, 06:33 PM
darkydog2002 darkydog2002 is offline
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Thank you UB.

Your experience is one I wish to emulate myself.

Its a interesting experience the volatility and more importantly whether one can carry on confidently when the dreaded run of outs come.

It sure shakes my faith though.

Cheers.
darky
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  #84  
Old 9th January 2018, 08:42 PM
UselessBettor UselessBettor is offline
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Quote:
Originally Posted by darkydog2002
Its a interesting experience the volatility and more importantly whether one can carry on confidently when the dreaded run of outs come.


Consistency is the key darky. If your not winning almost everyday then its almost impossible for the average punter. Its too hard psychologically if you are losing even one in three days.
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  #85  
Old 10th January 2018, 10:31 AM
darkydog2002 darkydog2002 is offline
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Hi UB,

For me the saving grace is staking the variation of Kelly.

Most Professionals I have corresponded with over the years have mentioned this to me but its only the last few years have I switched to this form of staking.

Your honesty and input have been most helpful.

Cheers.
darky
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  #86  
Old 10th January 2018, 07:40 PM
UselessBettor UselessBettor is offline
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Week 1: $1770 Profit
Week 2: $8280 Profit
Day 15 : $900 Profit
Day 16 : $1150 Profit
Day 17: No Bets
Day 18: No Bets
Day 19: $20 Profit.

Total Profit : $12,120 Profit

Just got on for a few races at Bunbury today. Edged out a small profit.
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  #87  
Old 11th January 2018, 09:06 PM
UselessBettor UselessBettor is offline
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Week 1: $1770 Profit
Week 2: $8280 Profit
Day 15 : $900 Profit
Day 16 : $1150 Profit
Day 17: No Bets
Day 18: No Bets
Day 19: $20 Profit.
Day 20: $30 Profit.

Total Profit : $12,150 Profit

Was on one race at Gosford and one at Geraldton. Both races offered poor odds and I was able to make $30 profit.
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  #88  
Old 13th January 2018, 03:55 PM
UselessBettor UselessBettor is offline
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Week 1: $1770 Profit
Week 2: $8280 Profit
Day 15 : $900 Profit
Day 16 : $1150 Profit
Day 17: No Bets
Day 18: No Bets
Day 19: $20 Profit.
Day 20: $30 Profit.
Day 21: No Bets

Total Profit : $12,150 Profit

Just finishing this up for Week 3 before I post today's results later tonight.

I didn't bet yesterday but I had a lot of bets today (and still a lot more to come). Big fields gave a lot of value and a lot of good races.

I'll update my results later tonight.
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  #89  
Old 13th January 2018, 09:48 PM
UselessBettor UselessBettor is offline
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Week 1: $1770 Profit
Week 2: $8280 Profit
Week 3: $2100 Profit

Day 22: $1130 Profit

Total Profit : $13,280 Profit

A really good day today. Magic Millions day at the gold coast meant big fields and lots of good opportunities.

I was on 25 races today. For the big fields I went quite wide and had a lot of chances to secure a profit on the races. I think punting is as much about not losing on those long shot winning races as it is about finding the right horses to back.

Its a nice start to this week.
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  #90  
Old 14th January 2018, 12:15 PM
UselessBettor UselessBettor is offline
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I'll be betting on 18 races today. These are the races:

13:15 Port Lincoln R1
13:50 Port Lincoln R2
13:55 Wellington R1
14:05 Coffs Harbour R2
14:10 Ballarat R3
14:40 Coffs Harbour R3
14:45 Ballarat R4
15:00 Port Lincoln R4
15:05 Wellington R3
15:15 Coffs Harbour R4
15:24 Sushine Coast R3
15:32 Pinjarra R1
15:40 Wellington R4
15:50 Coffs Harbour R5
16:15 Wellington R5
16:25 Coffs Harbour R6
16:42 Pinjarra R3
17:17 Pinjarra R4

I am watching the following races as potential races:

15:59 LOW Sunshine Coast R4
16:50 LOW Wellington R6
17:45 LOW Sunshine Coast R7
17:49 LOW Pinjarra R5


While I don't want to give away exactly what I do, I am still trying to provide any advice/assistance to help people out in this thread. Otherwise this thread is just my results and that would be really boring for most people. So here is a little something to share. My race selection technique is from my own making and involves quite a few things such as odds, ratings and form. I am looking for a good spread in the odds and the ratings which allow the real chances to be identified. For form I am looking for races where there are horses in form (wins/placings/beaten lengths close) so that I know the chances will perform to expectations.

Anyway if you are having a punt today good luck with it.
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