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I would suggest changing the way he thinks about the market. Let it be a guide, not an opponent. Take value from every loss that has a pattern. Timing, liquidity, volume, type of race, price of runner, number of runners...
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That is brilliant free advice right there!
How much have you made?!
It would be interesting to see this data anonymously but it doesn't mean much since everyone's journey is different.
There's a massive gap between people that have made something and people that lose hence only 0.5% pay premium charge. That means 199 out of 200 customers haven't made anything decent.
Yes most people just gamble without a clue and having software puts you closer to making something but to be better than 99% of the competition you have to spend more time than they have to stand a chance, which is thousands of hours
There's a massive gap between people that have made something and people that lose hence only 0.5% pay premium charge. That means 199 out of 200 customers haven't made anything decent.
Yes most people just gamble without a clue and having software puts you closer to making something but to be better than 99% of the competition you have to spend more time than they have to stand a chance, which is thousands of hours
The gap between profit and loss is just two pence, or two of your smallest unit of currency. It's quite possible to win a lot of money without paying PC. PC is based on your profit/loss ratio rather than how much you win, so a trader with a small % profit or a gambler could make a decent profit without even falling within the 20% PC rate.
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newaustralian
- Posts: 56
- Joined: Fri Sep 02, 2016 3:40 am
Interesting answers to a question we all have considered. The weak link in betting is you. Emotion often takes over. If emotions can be controlled the chance of a regular profit increases significantly. I am a laying tragic – rarely do I bet. Therefore, I look for horses that I think will not win. I realise that the starting price ( generated by many opinions) indicates the chance of a horse will win. I bet with some level of Money Management. With all the above in mind I have over the past 12 years – using Belfair, Betangel and many online Bookmakers ( by the way I have been barred or restricted by 8 online Bookmakers ) I have made a profit each year. Betting over the long term is a continuous learning journey. 12 years ago, it was easier to make a profit due to the limited amount of information available than it is today. In Australia, the availability of Sectional Times is a boost to a layer like me. Using this data, it is possible to indicate a horse that is a leader ( odds shorten in the race) that does not run on. This could be a great in running lay – I am collecting data. Betting is an enjoyable ride worth taking. All the best.