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.
[URL=http://![[Image: Twinspires8-25_zps8cc53ae6.jpg]](http://s1274.photobucket.com/user/marginofair/media/Wins/Twinspires8-25_zps8cc53ae6.jpg.html%5D%5BIMG%5Dhttp://i1274.photobucket.com/albums/y428/marginofair/Wins/Twinspires8-25_zps8cc53ae6.jpg)
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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.
Your being attracts your life
