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  #71  
Old 6th January 2018, 03:04 PM
UselessBettor UselessBettor is offline
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I have finished up the late meetings. I've been on three races so far for a profit in all three.

At the end of the day I am aiming to make $550 today. It was a very hard day to handicap but I found enough meetings (19) to push out some profit hopefully.
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  #72  
Old 6th January 2018, 09:07 PM
UselessBettor UselessBettor is offline
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Week 1: $1770 Profit
Week 2: $8280 Profit
Day 15 : $900 Profit

Total Profit : $10,950 Profit

Started the third week with a good profit of $900. Very happy with that. Esperance was the best track today.
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  #73  
Old 7th January 2018, 12:17 PM
UselessBettor UselessBettor is offline
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Looks to be a good day today for betting. Larger fields and races with clear chances.

Done 4 meetings and found 17 races worth betting on. Still have another 3 meetings to go.

At the moment the target profit for the day is $650. With 3 more meetings to go I might be able to push this up to $800 - $900 but it all depends on whats available.
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  #74  
Old 7th January 2018, 10:22 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

Total Profit : $12,100 Profit

A really good profit today. Albany and Murwillumbah had a lot of good races.

Its back to the real world tomorrow and although I made some very nice coin during the last 16 days its nice to think I don't have to do the form tomorrow.

I'll probably jump on an do one or two races during the day if I can but I won't be handicapping the whole day.

If I am not back during the week its because I haven't bet on any races. If that is the case I will be back on Saturday to see what I can make next weekend.
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  #75  
Old 9th January 2018, 03:02 PM
Snert Snert is offline
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Incredibly interesting, this thread and others of yours UselessBettor.

Four things of importance I take out of your posts from the position I'm currently in with regards to how good my knowledge is of horse racing, the randomness of it all and thousands and thousands of hours testing.

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.

They really are brilliant posts UselessBettor and I suspect we all get something of of them, I know I do.

Thank you!
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  #76  
Old 9th January 2018, 05:08 PM
darkydog2002 darkydog2002 is offline
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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
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Last edited by darkydog2002 : 9th January 2018 at 05:10 PM.
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  #77  
Old 9th January 2018, 05:56 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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  #78  
Old 9th January 2018, 06:00 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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  #79  
Old 9th January 2018, 07:33 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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  #80  
Old 9th January 2018, 09:42 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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