Does price = value? The misconception that costs punters time and again “Price is arbitrary and value is fundamental”. This is the phrase I found when chewing my pen thinking about the thorny subject of how to make a long-term profit from betting. How best to achieve a goal that eludes 98% of punters.…
Barry Dennis: Bookies Never Lose. A film that almost makes you feel sorry for bookmkaers – almost! This month I’ve once again been delving into the video archives. The flim below is “a day in the life” – a few days really – of the colourful character that is/was Barry Dennis. In more recent…
Is “present bias” costing you money? How this normal, natural impulse could stop you winning big. I’ve long been interested in those things which fall outside the visible, practical, you might say, physical side of betting. The “known knowns” as Donald Rumsfeld would put it are things like form study, results, profit and loss…
Phil Bull. The legendary founder of Timeform. A fascinating insight into one of racing’s most brilliant minds. In my old office, we had a printout pinned to the notice board. An A4 sheet of paper. On it was a year-by-year breakdown of the betting record of Phil Bull. I’ve probably still got it. Filed…
Good betting theory v bad practice Why even the best betting minds can fail to make money. I was listening to a podcast the other day. It was about betting, and the contributors touched on a point that I’ve come across time and again during my work in this business over the past 30+…
Wise words from Patrick Veitch Professional backer Patrick Veitch talks sense about modern day racing & being a better punter There’s an expression in business that you don’t ever want to be the smartest person in the room. I’ve been in the same room as Patrick Veitch. I certainly wasn’t the most intelligent person…
“You only back favourites”. And..? Is constantly backing the market leader “bad betting” This article is inspired by a recent email exchange I had with a rather disgruntled member. His criticism of a particular service was based on his opinion that all the bets advised were “nothing but favourites”. And this was, in his…
How To Make $1 Billion on Horse Racing Never heard of Bill Benter? Well you have now. Bill Benter is the most successful gambler you’ve never heard of. After being banned from the casinos of Las Vegas for beating the house at blackjack, he turned his attention to Hong Kong… where he devised a…
A winner’s a winner – right? Are you guilty of this way of thinking? I hope not. So this particular blogpost has been sparked by a bet, a potential bet in fact (and more about this in a moment) from a source who is currently proofing bets to me. Now just a little back-story……
Do you really have a betting bank? The case for sensible money management and proper staking. I do love a good quote when it comes to betting… And the latest one I unearthed is by Shelby M.C. Davis – another in a long line of US money managers, high-rollers, and philanthropists. Basically the kind…