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Originally Posted by Ocala Mike
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Patrick, for every "working on the big one, fence swinger" here, giving you advice, you'd benefit more by concentrating on what DaveS has written for you about the necessary onward steps concerning your life and the points regarding the math and the bankroll of wagering. This, in addition to the piece written about Ernie Dahlman. A feature I've never seen before now, and one many on this site should be grateful for having been linked. (The piece should be required reading for every horseplayer desiring success.)
These two men, Dave and Dahlman have, not years, . . . . but DECADES of experience at this game.
An excerpt from the article:
Be a "plodder," a nickel and dimer. "On average, (Dahlman) says, he earns 3 or 4 percent on his investment." He never bets serious money on long odds. Stick with the high probability setups. Don't try to hit home runs. "The point is, there's no such thing as a sure thing. Favorites win only a third of the time, an immutable racing statistic. Even successful bettors tear up more tickets than they cash. The trick is to cash enough tickets, at the right odds, to offset the losses and turn a profit. That's where addition and subtraction come in."
Patrick, this is coming from one who has made his living betting racehorses, not writing books, not creating software programs, not hustling stats for one's own website. Only betting. He's raised 6 children and has wagered as much as 18 million a year. Again, for decades. And he didn't do it "swinging for the fences."
On the
rock bottom thing.
When problems or adversity exist in our lives, they remain with us wherever we go, whatever we're doing--day or night. They're relentless.
They walk with us, as well, through the gate of a racetrack. They're there--in our mind--front and center or in the back, they're there. They dont, and they won't, leave us. No matter how hard we wish them away or work to push them downward. Be assured, they will have profound affect on our ability to think clearly, and be successful at wagering on horseraces.
Hope should never leave us. But more importantly, rock bottom instability is one of the leading causes of severe dibilitating depression that can cause us to make decisions in our lives that would never, ever benefit us.
Please think about what I've written here.
