Punting recipes
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Most punters spend at least 10 times as long looking at the form pre-race compared to after the race.
Before the race they’re quite prepared to spend 10 minutes doing the form on every runner to work out their bets.
But then once the race has been run most punters spend between 0 and 60 seconds taking a look at the form after the fact.
Bet more on the likely winners
The problem with level staking is that the importance of the winners you back depends largely on their price. That’s because in terms of your overall profitability, the result of shorter-priced horses isn’t nearly as significant to your betting bank as that of those horses less fancied in the market.
Bill Gates’ punting lessons
You mightn’t expect the quotes of the world’s biggest nerd Bill Gates to have much in common with successful punting, but reading some of his favourite sayings recently did make me stop and think of the similarities between the two.
Let’s look at Gates’ final thoughts before retirement and then relate them to the sport of kings, because you might be surprised at the punting parallels:
Six Keys To Punting Success - Part 6
In the final instalment in this series, today I will discuss betting with ratings. As a long-term professional punter this is obviously a subject I feel well qualified to talk about.
There are many ways to implement ratings and the approach you take really depends on the individual. If the rated markets are framed to a percentage of less than 100 (say 95%) it means is that if you were actually able to secure the rated price on each runner to collect $100 then you would be spending $95 and showing a profit of $5. If you secured overlays the profit margin will be even greater.
Six Keys To Punting Success - Part 5
Previous articles in this series covered the following topics:
(1) Unrealistic expectations
(2) You will experience losing periods
(3) Probability will affect your bank
(4) Understanding market percentages
Today I want to talk about what I consider to be the key to successful punting and that is discipline.
Six Keys To Punting Success - Part 4
This series of articles has already discussed realistic profit on turnover, losing runs and probability. Today I want to write about market percentages.
Punters today have a wide variety of opportunities to gain the best prices and by having access to Betfair, best tote products and bookmakers we have a luxury that wasn’t available to us 10 years ago. Betfair often operates as low as 101%, the totes at 118% and bookmakers at somewhere between 110% and 140%. But what does that all mean? Learn more »
Six Keys To Punting Success - Part 3
In the first week of this series I discussed having realistic expectations in terms of profit on turnover. Last week I tried to emphasise the fact that you will have losing runs. Today I want to stress that probability will effect your bank.
No matter what you do or how hard you work, how good your information, opinion or judgement is, the laws of probability will effect you.
Six Keys To Punting Success - Part 2
Last week I discussed having realistic expectations in terms of profit and profit on turnover.
Today I want to emphasise the fact that you will have losing runs.
Probability has an effect on all things in daily life. Even the best judges should expect and will experience losing runs over any reasonable length of time.
Six Keys To Punting Success - Part 1
Most punters have a very selective memory. They tend to recall all the good wins but rarely discuss the many losses in between. Essentially if you are not recording your bets it’s because you don’t really want to face the fact that you are probably losing money.
Here are some facts you need to consider if you are serious about making a profit and winning long-term: