08-26-2013, 09:44 AM
Early in my horseplaying career, I realized that it didn't make sense to chase wins by playing low-odds favorites. I didn't want just wins, I wanted profit. So I concentrated my efforts on finding live longshots, and false or vulnerable favorites. It was many years before I heard the term “value” connected with wagering strategies. That is what I had been looking for all along.
I played two tracks yesterday- my “winning” track of late, and a track I haven't been playing. I guess I'm still working out whether I can play more than one track at a time. At any rate, there were a couple of races where there was a horse I liked at decent odds, but the closer it got to post time, the lower the odds dropped. So I didn't place a bet. One of them won, but at a short price. I realized that I had never determined exactly just what were the minimum odds I would accept before I placed a bet. I still haven't, but at least now I'm thinking about it.
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So as you can see, yesterday my win percent was way down. My ROI was very low, but still positive. In looking at all the results summaries on this page, I realized I have been losing between seventy- to ninety-two percent of my wagers, but I have still made varying amounts of profit, or have broken even (plus or minus a couple of bucks, I call breaking even.) I was amazed. I do seem to have a handle on this value thing. Now I just need to up the win percent. How hard could it be?
The other thing is, as uninclined as I am to keep a journal of any sort, keeping this journal has helped me to become more accountable to myself, and has increased my motivation to tighten up my play.
I played two tracks yesterday- my “winning” track of late, and a track I haven't been playing. I guess I'm still working out whether I can play more than one track at a time. At any rate, there were a couple of races where there was a horse I liked at decent odds, but the closer it got to post time, the lower the odds dropped. So I didn't place a bet. One of them won, but at a short price. I realized that I had never determined exactly just what were the minimum odds I would accept before I placed a bet. I still haven't, but at least now I'm thinking about it.
[URL=http://[/IMG][/URL]
So as you can see, yesterday my win percent was way down. My ROI was very low, but still positive. In looking at all the results summaries on this page, I realized I have been losing between seventy- to ninety-two percent of my wagers, but I have still made varying amounts of profit, or have broken even (plus or minus a couple of bucks, I call breaking even.) I was amazed. I do seem to have a handle on this value thing. Now I just need to up the win percent. How hard could it be?
The other thing is, as uninclined as I am to keep a journal of any sort, keeping this journal has helped me to become more accountable to myself, and has increased my motivation to tighten up my play.
Emptiness is consciousness