Handicapping vs Money Management

[bugsoup]

Originally Posted by brianwspencer

I'd venture to say that you may also be a fan of my betting strategy.

I take $50 to the track, and put $15 into the machine and get a betting voucher. I then spend the other $35 on beer.

Then, I bet that I am going to be completely wasted.

It's a no-lose situation, because even if you drop the other $15 on bad horses....who cares? You're already too drunk to be mad about it.

i'll say you gave me a good laugh with your strategy.
thats why i quit drinking.

[brianwspencer]

Originally Posted by deltagulf

i'll say you gave me a good laugh with your strategy.
thats why i quit drinking.

Not sure if you know me well enough to know that I was kidding.

Just making sure

I just figured I'd try to relate to Mera once every few weeks, and my time had come due

Someone asked why bet a horse to place....If you pick winners over 50% of the time then betting to place is probably not worthwhile...not that many horseplayers pick winners more than 50% of the time...if your selections run first or second a decent percentage of the time then perhaps the place bet will help to protect the bank roll...imho it is all about ROI...if your ROI is better with 2 units to win versus 1 unit win/place then you should go with straight win wagers...if you ROI is better playing the exocitcs then bet them...to me the horseracing game is a fun challenge... Playing the game is fun...however determining whether you are winning or losing the game is frequently measured in terms of did you win money or lose money....

You don't have to make money to have fun at the racetrack....but it sure don't hurt...

[cmorioles]

I've written a few articles on the subject. Here are the links:

http://www.pacefigures.com/articles/expectations.html

http://www.pacefigures.com/articles/bottomline.html

[miraja2]

With regards to the W/P vs exotic question, I say don't have a plan.
It sounds obvious but each race is different. If you have a set betting strategy, you end up trying yo fit the races to a plan....not a good idea.
Some races are exotic races. Some are W/P races. Some are skip races. Havong a general idea is great, but make sure you don't make the mistake of trying to figure out how to fit each race into your betting strategy. Do the opposite.

[Thunder Gulch]

Originally Posted by Payson Dave

Someone asked why bet a horse to place....If you pick winners over 50% of the time then betting to place is probably not worthwhile...not that many horseplayers pick winners more than 50% of the time...if your selections run first or second a decent percentage of the time then perhaps the place bet will help to protect the bank roll...imho it is all about ROI...if your ROI is better with 2 units to win versus 1 unit win/place then you should go with straight win wagers...if you ROI is better playing the exocitcs then bet them...to me the horseracing game is a fun challenge... Playing the game is fun...however determining whether you are winning or losing the game is frequently measured in terms of did you win money or lose money....

You don't have to make money to have fun at the racetrack....but it sure don't hurt...

If you pick winners over 50% of the time, you are A) a liar,or B) a selective chalkeater who only plays odds on favorites.

[Dunbar]

Originally Posted by cmorioles

I've written a few articles on the subject. Here are the links:

http://www.pacefigures.com/articles/expectations.html

http://www.pacefigures.com/articles/bottomline.html

Nice work!

--Dunbar

Originally Posted by Thunder Gulch

If you pick winners over 50% of the time, you are A) a liar,or B) a selective chalkeater who only plays odds on favorites.

I know that i certainly don't pick winners anywhere near 50% of the time...and have never claimed to..