Tuesday 31 March 2009

Each Way, Win or Bust?

We've received lots of emails commenting on our approach, style of betting, call it what you will. There have been suggestions that we should bet win only as that would increase our profits in the long-term. Whilst that might possibly be the case it would go against the way we both sometimes like to bet. Despite betting with larger stakes than some, we consider ourselves to be cautious punters. Some say they don't mind long losing runs because they have an absolute belief in their own ability to make it pay in the long-term. We have that same belief in what we're doing, but we just don't like long losing runs!!!!

One well known punter, or is he an author now - lol - used to have more win bets in a couple of days than we'll have in a month. We've seen some really good "judges" question themselves for no other reason than their confidence is at rock bottom because they're in the middle of a nightmare run. Now the nightmare run might see them hit loads of placed selections from which their win only approach gains them nothing. Their analysis may have been almost perfect but they lose confidence because they're losing money and that has an impact on their decision making process and the knock-on effect can only be negative. Of course they'll benefit hugely as soon as the winners start to flow again, but for us that's too much of a roller-coaster ride to endure. We'd rather make less (possibly) in the long-term and enjoy a smoother journey getting there.

We bet each way for two reasons. Firstly, as oulined above, it helps to reduce the number of bets placed without getting a return and secondly, as Gags pointed out recently, there is still plenty of value to be had in betting this way when the circumstances are right. Even betting 1/5 the odds a place often represents value. Is this really true? Check out the place terms on the exchanges and compare them with what can be obtained in the high street on a "live" 7/2 or 4/1 shot when the market bets short on the jolly and 10/1 bar three in a 9 or 10 runner race.

Without doubt we will hit losing runs, just the same as the very best out there will, but we believe that by specialising and betting the way we do we will keep those losing runs to a minimum. Working this way enables us to remain confident and as I've said before, if you have real confidence in what you're doing then you're far more likely to succeed.

From what Gags tells me it seems we now have quite a few people following our selections with their own hard-earned. A couple of points I'd like to make. We won't tell anyone what to do with their own money. If people want follow our selections and to bet win only that's up to them. If people want to follow our selections to their own staking plan that's up to them too. If people want to trade our selections for free bets then that's fine by us as well. It doesn't really matter what anyone wants to do as far as we're concerned. This place is simply about our attempt to show that with a little thought and a bit of hard work this game can be made to pay, and pay well. One or two comments have been made to the effect that our results have been far more impressive than some of the services which charge a lot of money for their selections. All I'd say about that is "no comment on the services". I'd also point out that we're only 3 months in to our little 12 month venture. Hopefully we'll be able to achieve in quarters 2, 3 and 4 something similar to the results from the first quarter of the year.

I'm off to look at the sand stuff on offer for tomorrow and to make sure Gags gets the hard graft done before disappearing off to Aintree.

7 comments:

Anonymous said...

no comment on services?been reading blog for 2 weeks and you already think you are a tipster.based on results that are unproofed prior to the blog and a couple of winners.dont think people are banging the door down asking to pay for your tips.proof yourself over twelve months and then see if people are interested

Anonymous said...

Good morning Anon,

I wouldn't make a comment on services I have no information about. I think that's fair isn't it? If you have read all of the blog you'll know that I pay other people for their expert advice in addition to backing my own selections. I have nothing against services, indeed one I subscribe to is having a fantastic year so far, I am pleased to say.

Gags and I are punters, we are making money as punters and we hope that continues. We met in a private racing forum where I put up my selections for other people to discuss, view, consider and back if they wished. I have said that I would try and put up as many selections pre-racing as possible because other people have asked me to do so, but that work and other committments wouldn't always allow that to happen.

The only "service" we are offering is to send out our selections to people who want them free of charge. We will do that by email as and when we can and by text. There is no cost to us so no harm done as far as we are concerned.

This blog is about seeing if we can achieve our own goals throughout 2009. We want to achieve in excess of 150 points profit from our own selections. Can we do it? We think so, but only time will tell.

Some people have got in touch to say they are looking forward to seeing how we get on, others have wished us luck and some have asked us to forward our selections to them free of charge, which we are doing.

Your comments are somewhat different to those we have received from everyone else, but I hope you enjoy reading about how we get on.

Do you have any experience of services yourself? Do you run a service? Do you make a profit from punting? By all means get in touch again, the more knowledge and information there is knocking about the better chance we've all got of making it pay.

Good luck

Mick

Anonymous said...

been with henry rix for 10 years and david lyons in various guises for 7 years.proven tipsters without a doubt and over 2000 points profit in 10 years fed up seeing blogs like this one appear trying to push racing knowledge and a free way to make money from tips.just another in a line of blogs starting out this way and turning to a tipster blog in time.what services you use and how they doing.how much you pay.you tried hr or blue.

Anonymous said...

Hi again Anon,

I'm glad things are going well for you and that you're services provide what you want. Certainly the figures you mention are impressive. I don't subscribe to either of them. My "top tipster" award right now would have to go to Steve Lewis Hamilton. He's having a fantastic year so far. You can find his results and fees on his web site.

As for this blog making you fed up, well I'm not really sure what I can say to that.

Sorry I suppose?

Good luck

Mick

Anonymous said...

Hi Mick,
No need to apologise to this person, he's obviously been burnt in the past by joining Professional Tipsters. You've already said that your intentions are to try to reach 200 points Profit by the end of the Year and show your selections as you go. What you do next year is your decision but i can only thank you for freely putting your selections and giving me some decent winners.

Nick

Anonymous said...

Hi Nick

Glad you've made a few quid from our selections already. Undoubtedly we will hit losing runs but it's nice to pay for them with bookies money.

I'm not looking to upset or have a row with anyone to be honest. In fairness he has a point about my selections only being available via the blog pre-race for a few weeks as it's true. Yes they've been put up to other people privately but he hasn't seen them.

As for the future, who knows? I'll settle for trying to get close to our target on here and hope some of the services can do even better. If that happens it could be a 500 point year, which would be very well received.

Cheers
Mick

Anonymous said...

amazing attack on you especially from someone using david lyons (10 points up from last july after sacking everyone ) pay no heed and keep doing what you are doing it makes very interesting reading