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Back to listsInvest, Lose & Learn...that's Horse Racing !
By Smart-still-poor-punter | 13-Jul-2020Hi Everyone,
This post is exclusively for 'newcomers' but oldies will also find it useful if they are still caught up on the losing track.
Horse racing is all about losing. Of course, you make profits here and there but horses know very well that it will make you run behind them, perhaps for the reminder of your life. And that's what has been happening in the case of many.
First, let me recall my days as a 'newcomer' to racing. It was in the early '90s. In fact, I was in Chennai race course as a racing journalist, a part-time activity given to this working journalist of a national media at that time. Believe me, I grabbed the opportunity with both hands because my office allowed me to mark 'attendance' from the race course on all race days (of course, only Chennai and Ooty races) and go home. That will relieve me of a lot of stress, I thought, though foolishly. I also used to get a free "tiffin token" meant for journalists from the Club those days.
Within a month of my journalist life in race course, I started developing interest in punting, thinking that it's very easy to make money here. For someone who had never taken to any other form of gambling, including card playing and even stock exchange, racing looked quite exciting.
During those days, it was Rs.5 minimum in tote and I began there. For every 'confirmed' favourite, I used to get one or two rupees more as returns and that thrilled me. Slowly I sneaked into the bookie ring, and there commenced my 'satyanaash'.
From Rs.100 to Rs.200, I gradually began changing gears to Rs.500 and then to Rs.1000. For a long period of time, I was playing nothing less than a Rs.1,000 bet in every race. Many winners came my way, in almost all centres. Although I kept no account of how much I was winning and losing, I always lived with a wrong notion that "one day, I will make it big". This belief kept me going for long years, for more than two decades.
I came to a firm conclusion that if one must make big profits, his investment should also be so. You can't invest Rs.1,000 and look for profits in lakhs, I was determined. That was how on a Saturday morning, I decided to role Rs.10,000 on five 'good' horses in Bangalore in a 9-race card. Believe me, all the five got through (both as 'win and 'place') and my final returns recorded an excess of Rs.two lakhs in profit. My claims came true!
The whole Saturday night I was wondering - a bit seriously though - that had I not rolled the money, what could have been my profit. Had I played unit bets, may be I would have ended up making less than half that profit. Also, who knows if it was not for rolls, I might have played all the nine races or as many as I can and lost my entire money?
I, therefore, decided to take one more chance the next day with the profits alone that I made on Saturday. I selected 6 horses out of the 10-race card and decided to go on a roll. If I win, I were to get around 10 times the investment but if I lose, I will make sure racing can't fetch you big money in entire life, no matter what "betting strategy" you deploy.
What happened on Sunday was just the reverse. Not even one of the six horses that I selected favoured me and jackpot was also c/o. I did not feel for the loss but took a firm decision that I was only wasting my time and money in racing for years together. Then and there, I decided to give up punting. That was in 2014 and today in 2020, I know how much that quick reversal of fortunes on that memorable weekend saved me from a much bigger disaster.
Whether you play roll bets or unit bets, horse racing is not going to favour anyone beyond a point. One of my friends told me that I should have quit racing on that Saturday itself with that Rs.2 lakh profit. I told him had I done so I would have come back again with a bigger investment and found myself left in the lurch today, like several other seasoned punters.
This post is not to discourage newcomers but just to caution them that no bloodline, trackwork or any amount of discipline will help them make money. You will make money only to lose in a bigger way and beyond a point, you will have nothing to lose...