| Racing is a funny game. | | | | everyday. |
| We had excellent start to the season, before hitting | | | | I advised my friend to spend the majority of his |
| the rocks about 2 ½ weeks ago, commencing a | | | | weekend betting bank on the "Best Bet, Next Best |
| forgettable run, betting-wise. Losing runs are an | | | | and Value Bets". And then play around with a small |
| inevitable fact of punting. There are times when bad | | | | amount. |
| luck, bad rides, or just plain getting it wrong conspires | | | | I rarely take trifectas, mostly due to time |
| to damage your betting bank. | | | | constraints, but also I have never really developed a |
| The silver lining of a losing run is that it checks your | | | | good strategy to attack them. There are a couple of |
| over-confidence (ie. you pull your head in). When you | | | | good things to remember when taking a trifecta - |
| think punting is easy - a big fall is usually just around | | | | which I will pass on at a later date. But firstly, build up |
| the corner. They also place a good punter into | | | | a betting bank before taking them. Remember the |
| retrenchment mode, reducing the size and, more | | | | odds, and be prepared for a run of outs if taking |
| importantly, frequency and amount of bets. Also a | | | | trifectas on a regular basis - less but more fruitful |
| time to check calculations, analysing processes, etc. | | | | highs and extended lows. |
| I spoke with a good friend about 3 weeks ago who | | | | Pick 6 and Quaddies, in the words of Professional |
| was on a losing run. He said he wasn't spending much | | | | punter Lord Ted Frear, are a "throw away bet" - bet |
| but losing week after week. His error was extremely | | | | money that you readily expect to lose. I am not |
| common, going for the big result off a small | | | | saying don't take them, just don't bet on them with |
| investment - trifectas and the like. Boxing 4 horses | | | | money you cannot afford to lose. |
| for 50 cents comes to $12. Seems insignificant | | | | In fact that is true of all punting - do not bet with |
| enough, but it is 24 combinations and thus 24 bets | | | | money you cannot afford to lose. As mentioned in |
| on the race - too many, especially when the | | | | earlier posts, keep a close note of withdrawals and |
| probability of striking a trifecta in a 12 horse race is | | | | deposits from your betting account, don't cheat on |
| 1320-1. Thus, on normal probability a 1.8% chance of | | | | your record keeping. But do make sure you enjoy |
| a winning bet. | | | | the good days, as there are plenty of frustrating |
| KISS = Keep It Simple Stupid. I use this virtually | | | | days. |