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Old 05-25-2005, 09:37 AM
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MeNewTrader is an unknown quantity at this point
Horse racing has cost me a fortune!

Hi everyone

Well I've tried horse racing systems/tipsters and unfortunately it has cost me a fortune. Thinking back it was ridiculous the amounts I used with some tipsters and on various systems which all failed. Anyhow, it has learnt me a lesson and any flyers now I get all go into the bin!

I know I shouldn't try to recoup my losses but I was thinking is there any kind of system or lay betting that I could use to say make me a few quid per day! I'm not willing to risk big money again and have thought there must be something out there and would make me a few quid!! Is there??
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Old 05-25-2005, 09:54 AM
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commanderco is on a distinguished road
Quote:
Originally Posted by MeNewTrader
Hi everyone

Well I've tried horse racing systems/tipsters and unfortunately it has cost me a fortune. Thinking back it was ridiculous the amounts I used with some tipsters and on various systems which all failed. Anyhow, it has learnt me a lesson and any flyers now I get all go into the bin!

I know I shouldn't try to recoup my losses but I was thinking is there any kind of system or lay betting that I could use to say make me a few quid per day! I'm not willing to risk big money again and have thought there must be something out there and would make me a few quid!! Is there??

You were betting on the little bugger on the back of the horse.
If you had been betting on the horse, the outcome may have been different.
For a start you would have lost all your money more slowly.
Sorry, I cannot help you I am a Trader not a gambler, I do'nt place bets.
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Old 05-25-2005, 10:00 AM
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MeNewTrader is an unknown quantity at this point
Quote:
Originally Posted by commanderco
You were betting on the little bugger on the back of the horse.
If you had been betting on the horse, the outcome may have been different.
For a start you would have lost all your money more slowly.
Sorry, I cannot help you I am a Trader not a gambler, I do'nt place bets.
Well said commanderco - them buggers have cost me alot!
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Old 05-25-2005, 10:03 AM
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darktone will become famous soon enough
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Quote:
I am a Trader not a gambler
lol

To take risk IS to gamble. To trade IS to take risk! (unless of course you take it out the middle )

Accepting this is first step stuff to becoming a 'trader' . IMHO of course

cheers

edit: menewtrader check your pm
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Old 05-28-2005, 01:32 PM
n4j n4j is offline
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Been there, done that, both with football and horses. The short answer is 'no', I think. I have a colleague who was down nearly 30k (gbp) before he realised that it was a mugs game. He tried all sorts of systems. I tried a couple of systems before the basic facts sank in. The systems looked fine on paper etc etc... If there was a system that actually worked, I think it's fair to say everyone would be doing it!

-=N4J=-
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Old 05-28-2005, 02:21 PM
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oatman has a spectacular aura about
The system is simple.......become a bookie
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Old 05-28-2005, 03:44 PM
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commanderco is on a distinguished road
Quote:
Originally Posted by darktone
lol

To take risk IS to gamble. To trade IS to take risk! (unless of course you take it out the middle )

Accepting this is first step stuff to becoming a 'trader' . IMHO of course

cheers

edit: menewtrader check your pm
You are dead wrong DT

Gambling contains no management of the active period, the bets close BEFORE the race/ dice/ game begins and that is giving you full credit for your ability to select the bet ( entry)
You have NO control over the active period.

Trading accepts the entry as no more important than being the begining of the active period.
The management of this period including reversals if necessary and the subsequent exit are the hallmarks of a prof Trader.
Never confuse gambling with prof Trading simply because they contain an element of risk to a greater or lessor extent.
You might as well compare a horse drawn cart to a RR because they both have 4 wheels.
Pro Trading demands clarity of thought at all times.
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Old 05-28-2005, 04:42 PM
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frugi is a splendid one to behold
Quote:
Gambling contains no management of the active period, the bets close BEFORE the race/ dice/ game begins and that is giving you full credit for your ability to select the bet ( entry)
You have NO control over the active period.
Er, did someone say poker? :lol:
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Old 05-28-2005, 06:10 PM
n4j n4j is offline
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Indeed... Although, having said that, sport betting arbitage works. I have ventured into that a liitle bit and made some money! It's not that easy though. Finding the arbitrage opportunities is quite a challenge. The services that offer to find arbitrage opportunities for you are not that good and you have to open dozens of accounts with bookies and place quite a large amount of money for what can be a very small return. It is however, guaranteed that you will come out ahead every time you manage to get the bets on.

-=N4J=-
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Old 05-28-2005, 06:49 PM
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darktone will become famous soon enough
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Er.did somone say betfair!? :lol:

No disrespect C but if you cannot 100% guarantee an outcome. you are gambling! end of!

Quote:
Pro Trading demands clarity of thought at all times
now i would have said :-

Profitable trading demands clarity of thought WHEN at the screen.

i may have added :-

and the strength of self to leave alone what should be left alone.

Just words......ive already typed to much!
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