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| Previous 'Handicapping Discussion' Forum General Handicapping Discussion |
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#1 |
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Grade 1
Join Date: Jun 2005
Posts: 7,019
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What is it that's different about the BIG winners
I would sit at the Meadowlands with Bill and my friend Mark along with a couple of others and we would ask that question. I am talking about those making 50k a year and more. SERIOUS money if you will.
I was consumed by finding the answer for years. I am dead serious. 3 years ago I was fortunate to meet someone who was just that. A BIG winner consistently. I have bet with him several times on line for the entire day spanning hours and hours. For anyone thinking there is some "secret" I can HONESTLY say there IS. You heard me right: there IS a secret. Actually should use the plural here: Secrets of the BIG winner I know PERSONALLY: 1) Complete and detailed record keeping of what does and does not work. 2) Complete preperation the night before of paceline selection and advance identifying of potential betting opportunities. BATTLE PLAN if you will. 3) Bankroll strictly for wagering. Bets no more than 1 -2 % of bankroll. 4) CONSISTENT wagering strategy. Bets the same way ALL the time. NEVER varies. NEVER 5) Answers his own questions. to ME this last one is the BIGGEST difference between him and us. 6) 100% EMOTION FREE wagering. I NEVER have seen anything like it. Bets small relative to bankroll size ( substantial) and NEVER stops betting before ALL his potential opportunities have run. He NEVER goes broke and misses a bet cause of it. NEVER. Losing streaks have NO effect on his PLAN. Family does NOT interfere cause he goes into his racing "office" and gets ALONE with himself. He really isnt THAT much different from us as far as contender selection,hiding etc etc. I swear this is true. what SEPERATES him are the above listed things. There he has NO equal. he is VICIOUS. His way is having an effect on me slowly. I see changes in both my style of play and attitude. this last thing is MY Achillees heel cause I am way too EMOTIONAL to make it big. He has told me this several times. I HAVE to FOCUS on this weakness man. EMOTION FREE WAGERING EMOTION FREE WAGERING EMOTION FREE WAGERING EMOTION FREE WAGERING Richie |
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#2 |
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Grade 1
Join Date: Dec 2005
Posts: 708
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hit the nail on the head: very few prepare for that side of the equation, the money. It is a study all by itself.
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velocititian |
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#3 |
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Grade 1
Join Date: Dec 2005
Posts: 708
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The Odds are on your Side - Cramer
Four Quarters of Horse Investing - Fiero Dick Mitchell's multiple works all have good plans in this arena
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velocititian |
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#4 |
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Grade 1
Join Date: Dec 2005
Posts: 593
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Big Winner
I had a similar experience at DRC in the 70s.At that time I was going to the track everyday and I kept seeing this guy by himself never betting just watching.After about a week and a half he finally made a bet.I couldnt take it any longer so I went over and introduced myself and after some small talk I asked why he had only made one bet in a week and a half.He went on to tell me that he worked the midnight shift and he added to his income by betting on horses. He would not make a bet unless he thought the horse was ready.He took all emotion out of the process.He was not in love with any horse , trainer or jockey. He kept hand written records in a little notebook he had with him.He used personal observation along with the information in the racing form. When he felt the horse was ready he bet.By the way, he went to the $50 window. This man had the patience of Job.He was not looking for action , only an advantage over the crowd.Theres a lesson here.
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#5 |
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Grade 1
Join Date: Jun 2005
Posts: 992
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Hi Richie,
A couple of questions about your acquaintance. How did he bet? Was he betting multiple tracks or just one? Did he bet most races? Jim |
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#6 |
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Grade 1
Join Date: Jun 2005
Posts: 7,019
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Tim and Ramon
Guys thanx so much for the feedback.
Richie |
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#7 | |
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Grade 1
Join Date: Jun 2005
Posts: 7,019
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Quote:
He bets: win exacta he bets one circuit he knows in and out with HUGE bets. Then he spot plays a handfull of other tracks looking for "situations" where he has an edge. These bets are nowhere near as big although still significant Jim. On his home circuit he must bet at LEAST 50% of the races. Probably closer to 2/3 of them. Other tracks maybe a race a card. something like that. Richie |
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#8 |
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AlwNW1X
Join Date: Mar 2006
Posts: 13
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Big Winners
RichieP wrote: <2) Complete preperation the night before of paceline selection and advance identifying of potential betting opportunities. BATTLE PLAN if you will.>
Look at this point again. There is something there that is concealed, and it is a major point. Having done this both ways, I can tell you from personal experience that one of the biggest improvements in your handicapping can spin directly from "complete preparation the night before." In practice, that means pick the bettable races, pick the contenders, and pick the pace lines. The effect can be dramatic; when you separate the highly subjective, intuitive processes from the hardcore, logical, number-crunching processes, it is almost as if you are analyzing a race from two completely different perspectives. Good Luck |
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#9 | |
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Grade 1
Join Date: Nov 2011
Posts: 695
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Quote:
Emotion Free Wagering..... Success is when preparations meets opportunities.... Thanks for sharing Richie.... |
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#10 |
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Grade 1
Join Date: Jul 2007
Location: NYC and San Diego
Posts: 627
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7 year old post and still absolutely valid.
A couple of years ago live at the track I saw someone that might be considered by many an "expert" in their field, supposedly profitable. They were betting just about every race and absolutely screaming at the tv monitor at the horses he had money on and screaming in celebration when he got the money on a longshot and screaming in disgust when not. That spoke volumes to me as I had never met a winner who screamed at the tv monitor or screamed at jockeys or trainers after the race, and I met plenty of these kinds of 'cappers attending the SoCal circuit live for many years. It took ME a long time to get rid of the emotion in my betting and to stop blaming others or other factors for a loss. I also used to yell at the tv monitor while the race was running. One could do worse than printing out Richie's original post and taping it on their wall. |
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