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10th October 2007 2007

Todays ramblings
Good Morning.

We have an Ace Naps (9) selection today. The first one for a while and not at a great price but worth watching.

Darren from the Betting School

I'm lucky enough to be able to speak to a lot of people who make their betting pay. I also get to speak to a lot of people that are trying very hard to make their betting profitable but who can't quite pull it off.

The difference between the two types of people is almost always related to the way they manage their money, how they organise their betting, the records they keep and the way they manage their emotions.

At the Betting School Insiders Report we have recently persuaded professional gambler Michael Wilding to write a series of articles on what it takes to become a professional. Michael boiled it down into seven key points.
  1. Discipline
  2. Focus
  3. Record Keeping
  4. Emotions
  5. Edge
  6. Betting
  7. Bankroll and Money Management and Math
If you can master all seven then you will be well on your way to making your betting pay.

For a free sample of the Betting School Insiders Report click here

Item 7 on Darrens list is something a Graeme (a reader) wanted to talk about as well....

Have you ever noticed how many systems there are out there??. Actually that's a rhetorical question. For someone who is new to betting or laying it really can be unbelievably confusing and this mail is a quick view from what I read in your e-letter and the newbie asking how much he should wager. Actually this is akin to asking how long is a piece of string but no fault of the new guy.

What I have not seen though is how to manage your Betting Bank correctly according to what you have available. With that in mind would it be possible to have a short discussion in one of your mails sometimes in the future??.

I have always been an advocate of small stakes lead to big returns (eventually) and treating laying/betting strictly as a business with a plan that is STRESSED. What this means is it deals in a "worst case scenario" and possible plans on how to deal with this situation. I always take out a small percentage from my bank every few days even if this is only £10 as this is now MINE and I can't lose it by being stupid (definitely been there done that etc).

I do this even if I am losing some of the bank with bad calls. The worst thing I think that anyone can do is leave the back alone to see it build up and up and not get any benefit from it.

The percentage i leave in i re-calculate to get the next weeks following stakes. With this method though it is slow eventually the punter can make enough on just one wager to live on for the week. I also work on the premise that with the minimum wage being £5.50 (rounded down) over a average 37.5 week this is £206 before tax so work to this level and your OK for a while. Obviously the sky really is the limit and there is nothing stopping the punter from making this amount off every selection during the afternoon.

It would be interesting to hear some other methods or techniques. Perhaps you could cast your eye over this and critique it??
Thanks Graeme

Do you have your own ideas on how to run your bank?

If so let me know and we can share ideas with all readers.

I think many new comers underestimate the importance of their bank and tend to take chances with it, that experienced traders wouldn't.

As I do a lot of testing with systems and the Grey Horse Bot it may appear sometimes that I throw money away and I will admit, that sometimes the Grey Horse Bot has cost me a £500 bank but this is commercial testing and I need to be sure, that I am giving our customers a product that works on a live market.

My main bank though is a different matter and I treat it with a lot of respect. I don't use any of the money from this unless I am using a tried and tested system that I am verry confident about.

I agree with Graeme that you also need to take out some of the money sometimes and either treat yourself or put it into savings or even add it to another bank thatyou cab use for another tip.

I suppose I have always lived by the saying "don't put all your eggs in one basket" and so I do have multiple banks and each one is treated with a lot of respect.

More tomorrow...

I won with Fancy Fillies yesterday.

Don't forget if you have bought the ebook you can also sign up for their tipping service.

So did you go for the Supreme Trading System?
If you did I would love to hear how you got on with it.

I had a few emails about this yesterday.
1 or 2 thought it could possibly work long term but the amount of time you have to spend at the computer watching the races and betting at the right moment made it un workable for most users.

One owner did say he liked the trading calculator that came with it, but you can get them all over the place, my favourite is:

2. Guest Selection - Brian's and Graham's win tips.
Brian and Graham's win tips are shortish priced but very consistent.

1520 Folkstone Danseuse Volante 4.00 Betfair 1st 2/1
1740 Leics Axiom 1.53 Betfair 1st 4/11

Here are today's (win bets)
Today 1540 Nottingham Patkai 4.1 on Betfair

3. Place System (win Bet) - Started 20-11-2006
This is a Betting Exchange only place system, you can see the results so far here. Prices are a snapshot from the morning between 8 -9. 3 Place 8 runner races only.
Points since we started + 51.52
Points new system (30/07/07) + 17.09

16.30 Catterick, Its Moon EP 2.08 4th

No Selections today

(*) No bet under new system idea

4. Miracle System (win Bet)
Normal:   16:40, Leicester, Tomintoul Flyer 1st 5/6
Pts 2007: +6.06
Top Choice:  16:40, Leicester, Tomintoul Flyer 50pts 1st 5/6
Pts 2007: -1.24
Bank =712.86

Normal:  16:50, Exeter, Deep Purple
Top Choice: 16:50, Exeter, Deep Purple 35pts

(we are trying an experiment with the Top Choice selection and the points are based on where we are in the staking plan. 25pts is the level stakes bet and we started with a 500pts bank on the 22/06/2007)
You can purchase this system here:
5. Sponsor of the day (please take a look you never Know!)
How a small investment of just 50p a day can make you £10, £20 or £50 or more per day in profit!
Click Here to read more
6. "Best Lay of the Day" - Lay Betting System Bet
15.50 Folks, Plateau 7th 5/2

Today: 13.40 Nott, Steel Blue

Please Note: The lay betting system is actually 4 systems in 1 and I will choose one of the selections for this tip.

You can purchase the system formula:

The Lay Betting SystemAdvantages of owning the system:

1) Pick more than one race a day
2) Make a selection later in the day (normally more choices)
3) Password protected forum so you can talk to other owners.
4) UK or IRE races
5) Bonus Systems and regular updates.
6) Now on V4
7) 3 systems, 1 for flat 2 for Jump/Chase
8) Owners get free updates
9) Now includes Lay Place System.
10) Now includes AW System
11) Now includes the Investment System
If you own your own website you can makes some money by promoting the "Lay Betting System"


You can also have this tip delivered as content to your own website.
Click here to find out more.
7. Today's sponsor tip
Lay bet a Day

4:30 Towcester Tip1: Pencil house

(Predicted) Staking Plan 0.5% to 2% of your bank, we show staking as 1%

Lay Bet a Day

8. Greyhound Selections- Lay System started 07/11/2006.

Sorry no more Greyhound Selections after 6 months of testing!
If you subscribe to the Grey Horse bot then you can still load the session file in.

Or there are still a few copies of the system left.

9. Ace Naps - (Back Tip)

Ace Nap (back tip)
This is selection method David and I are testing at the moment, there are not many tips but when there are they seem to win a lot.
Yesterday's Selection.
No Selection.

4.50 Exeter, Deep Purple

Please remember as always, this is a test.

Please tell your friends about this daily tip and pass on my URL

Have a good days racing.


P.S. How about something different...

We make every effort to supply high quality tips, but we cannot be responsible for any losses incurred by any persons using these tips or any of the information provided.

This tip is provided FREE and in good faith. It can stop or start at anytime, the sponsor of the tip can change at anytime.

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