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- Sep 4, 2004
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Haha, thanks Shark. Honestly I haven’t even looked at any of the other races yet. I feel like I do my best work at the track with a couple beers and edibles in my system. Hopefully that’ll continue today.
Being selective takes discipline, but I’ve found that it does pay off in the end. At least when it’s comes to my MMA betting. Good luck if you make any plays today besides the Woodward.
It certainly does take discipline, T. I've seen the results of that firsthand last winter when I stuck to my E2 angle and then again this spring with outside speed in sprints. I had positive results both times by sticking to some basic principles, especially this spring. It's when I started trying to get greedy by expanding my plays that I started seeing the negative results. When you're being selective and disciplined with ideas that have worked for you you aren't really gambling, but investing instead. You're not relying on luck on those occasions, but a skill you've developed that helped you identify and forecast. When you get away from what you're best at then then you're relying on some luck to produce positive results and that's when it becomes more akin to gambling. Gambling on a result happening is a losing proposition for 95+% of the people out there over an extended period of time because you're relying more on chance than anything and you're are always going to be a big disadvantage in the long run. But when you make smart decisions based on the probability of result happening that is anything but gambling. That's when it becomes a game of skill, not chance. The ponies, MMA, or any other sport doesn't have to be about "gambling" if you're good at identifying probabilities and have your own unique & innovated ways of looking at things. The conventional handicapping (on every sport) that everybody else does doesn't work. If everybody caps the same way then all people are doing is inflating the perceived probability of something happening as a group, and thus deflating the potential payouts even when their bets do hit. That's guaranteed to lose money for all but a select few in the long run. You want to cash bets on a 60% realistic probability when the market says it's only 40%, not the other way around. That's one reason why I trimmed my formula last week of a lot of extra junk. For 9 out of every 10 races it was telling me that I should like the same horses that the public should like, and that's the exact opposite of what I designed it to tell me. I wanted it looking outside the box, not inside, and so it was time to take it back down to the basics of form, class, and speed, and go from there.