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I periodically read thru my follow ups and I just read an article that I haven't read in a while from F.U. 39 page 63. Psychological Success by Barry Meadow. Making serious money at this game involves just that..MAKING MONEY!!!! It's not about picking winners or being the best handicapper who ever lived. It's about finding small errors in the crowds line such as a bad fav or they underbet a horse u think has a decent chance to win..then acting. Luckily I've never had trouble passing races that either: (A) I had no opinion on or (B) my opinion matched the crowds so no bet was warrented. Betting horses is stressful, hard work, and not always fun but it is challenging & enlightening. To answer your question about how to go from betting small $$ to betting large $$ is simply a matter of attitude. Most people bet small, not because they can't afford to bet big, but because they fear losing. Frankly, u can't become a winner at this game unless
you're not afraid to lose. When u can lose a big bet and go on to the next race as if nothing extraordinary has happened, you're well on your way to becoming a winning player. I THINK YOU'VE DONE AN EXCELLENT JOB OF SUMMARIZING THE PSYCHOLOGICAL ATTRIBUTES NECESSARY FOR SUCCESS AT THE RACETRACK. 1. Disipline..due to the high takeout most races offer little or no value., if u are betting 7 races a day somethings wrong. 2. Knowledge.. U have to be able to look at the tote and quickly determine who's overbet/underbet in each pool. 3. Acquision Motivation..if u are solely focused on profits, u won't have a problem passing marginal situations. If money is not your goal, then don't be surprised if u don't make much of it. 4. Courage This is a game of opinions, when yours doesn't match the crowds..IT'S SHOWTIME. If you are afraid to lose, you're probably afraid to win...these 4 principles can also be applied to other areas of investing such as the stock mkt., poker, real estate, among others. I hope this article helps everyone ..it helps me to read it and to keep it handy so that I don't forget to read it again!!!!!!!! Best to all...
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