"I have never had so much success (or fun) with the punt. Thanx heaps and great
punting to all!”
"I am very appreciative of the efforts that go into producing this outstanding information."
Last month, we went through some of the more depressing ways of losing your money. This month I'd like to take a more optimistic view and to consider some ways of doing our very level best not to let this happen.
In the first place, I have always maintained that most of our winnings are done on a very few days in the year. This is not to say that we cannot enjoy the same winnings on the majority of days, but I mean that if you tally up your winnings for the year, you will find that anything up to 80 per cent of those winnings will come on half a dozen good days.
Paul Simon found fifty ways, at least, to lose his lover. I suppose that there must be at least 500 ways to lose your money and, so far as the racetrack is concerned, we can probably double that without drawing breath.
I should tell you right at the start in case you begin to get worried, that next month I am going to start talking about 20 ways to win you money.
Last month, we were talking about "a little for a lot" and "a lot for a little". To jog your memory, I told you about Peter, someone I met again after a long absence, and someone who is now making money. Continuing with this story, the specific thrust of Peter's betting practice concerns numbers.
So far as Peter is concerned, numbers, and not animals or their human riders. or trainers, control winning and losing in the racing world. He maintains that racing is mathematical, and based on probability~ and that there are enough statistics available now to anybody who cares to look, so that they can draw their own conclusions about likely winners.
It remains one of the oldest and most challenging arguments in the entire racing world. I am speaking, of course, about the investor’s decision as to how he places his bets. You will read any number of experts who decry systems; these people will tell you that “there ain’t no Coup de Ville buried at the bottom of a crackerjack pack”.
Well, to those people I can only say you are missing a lot of the fascination of racing, and now and again you will miss something that really adds value and significance to your knowledge as a racing investor.
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