Quote:
Originally Posted by Bill V.
Now that its the new year and the RDSS contest is over
I have gone back to the 70's, The "Me" decade
My goals for 2013
I will.....
1 bet only races were I fully understand the conditions
2. bet only races when I have 1 or 2 horses with a clear advantage
in pace set up, acceptable odds, and rankings in the top 2
on my program, If I see a early advantage horse with poor readouts
I will be that early horse
3 bet win only spliting my bet 60/40
4. I will bet very few races but work many races
5, I will keep records
6. I will focus on only a few tracks, and only on tracks like Parx that run year round
I will not bet any exactas or trifectas
I will not bet any race where I say "if my win bets don't win, this exacta will save me "
The RDSS contest showed me how betting in volume is
a killer and how betting under pressure or for action is a
bankroll killer
Wishing you all the best with your goals
Bill
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Great New Year's resolution as it pertains to our horseracing endeavors, Bill....
We must make plans in order to succeed or we are doomed to fail.....Your resolutions are a great reality check and dependent on each person's personal goals and most importantly, Comfort Zone.......
I remember reading in a follow up issue where Doc Sartin was talking to Barry Meadows in a race book. Meadows was watching a race where he had a vested interest.... Sartin initiated a conversation when Meadows raised his hand and stop the Doc in mid-sentence so Meadows can continue to watch the race that was running. I do not remember the exact amount of wager that Meadows made, but it was more than several thousands to win on the nose of a steed in a low-priced claiming race.
Nowadays, this type of wager and the amount wagered would have a huge impact on the mutuel pool that one person would be lowering the win odds and not winning his fair odds. If one person is wagering at small tracks nowadays, it would not take much of a wager before one starts impacting the mutuel pools. Any form of Kelly betting or partial Kelly wagering could not be as effective at tracks where the mutuel pools are smaller than in the past.
I remember when I was amazed that there were over $300,000 wagered in the win mutuel pool on a maiden Reckoner trained by Joe Manzi at Santa Anita. This amount was only for Reckoner in the win pool....Currently, we will only see these amounts on big racing days like the Breeder's Cup or on Derby days.....Wagering is so diluted with the myriad of wagering options and wagering pools.
Great resolution..it sheds light on a big reality check....do we want to play the ponies or do we want to profit from our endeavors...It is a business, where we are the ones making the daily decisions on how we run our business. We must focus on our strengths and gradually improve on our weakness...(practice makes perfect) Each person has a different "modus operandi" and different levels of "comfort zone", but the general thesis is the same. We all want to profit from our endeavors but with a "plan of action".
Thanks for the post, Bill
Good skills to all and Happy New Year....
