Tag Archives: management
How Good Is Your Horse Racing System
If you have bet the horses for any matter of time I am sure you have your favorite horse racing system. I have been playing the nags for over 30 years and I have dozens of systems that promised me the world.
Some of these systems were complicated and some were really simple. But you want to know what is really weird? They all worked to one degree or the other. When I would start out using one of them it would fail miserably. I would get off of it and here comes the winners. Does that sound familiar?
What the problem consisted of was that I failed to give the horse racing system enough time to work.
You see picking the winners is not the problem of the horseplayer. The problem is the betting system itself was the problem. It was not the selection method that was not working. One could just bet on the number 1 horse from now on and would get a fair share of winners at a variety of payoffs.
No the problem is betting more money on the winners and less on the losers. It is as simple as that. It is a money management problem. All of the systems work. The experts have done their best at producing horse racing systems that worked. However they have failed continuously at providing the player with a money management system.
I mean after all what good is a system that produces $28 payoffs when I am flat broke and can’t place but a $2 wager on the horse?
I once had a horse pegged that the trainer had been holding him back and I was certain he was going to turn him loose in an upcoming race. I was determined to be ready for that race. The day of the race came up and he was entered in the final race on the card. I got there at the beginning of the day and since there was no advanced racing at that time, I waded through 9 races to get to the big one. I had entered the track with $100 and was sure I could get to the race with plenty of money to make a killing.
You know what happened. By the time the race came up I was trying desperately to borrow money to bet. I manage to run out to my car and scrape together $2 to bet on this sure thing. The horse sailed by the pack to win going away and paid $55.40 to win.
Bottom line for the day. I was down $45 and had a $55 dollar winner. Bad money management.
So how good is your horse racing system? I would bet it is pretty good. How good is your money management system? That may be an entirely different story.
The Myths of Roulette Play
The game of roulette has gained popularity almost from the very beginning of its existence. Unlike other popular casino games we know and love today, tracking roulette’s exact history is quite easy. The first form of roulette was developed in France somewhere in the 18th century. In 1842, the first “0” was added to the roulette wheel in order to create a house advantage. In the early 19th century, the game was introduced in the United Sates and another zero was added.
Over the years, roulette lovers have created a handful of fascinating myths regarding the game. Here, we have listed the most common ones:
Roulette wheel spins are not random Some gamers believe that the history of past spins has strong impact on the outcome of the next spin. For instance, after a string of 10 red slots hits, on the eleventh time, the roulette ball will definitely fall into a black slot. Unfortunately, such an assumption is completely baseless. Every spin of the roulette wheel is an independent event. This makes trying to predict future spins based on the past ones an irrelevant occupation.
Additionally, some players rely on ‘dormant numbers.’ The term refers to numbers that have not appeared for a long period of time. Somehow, these players believe that these numbers are to be hit in the nearest future. However, there is no logic behind such thinking.
Math can beat roulette Beating the roulette wheel with a mathematical calculation is also impossible. To be truly successful, such a calculation must rely on past experience. But, since there is no history to rely on (as we have already mentioned in our discussion of the previous roulette myth), these calculations are entirely worthless. Unlike the game of poker where skill is required and experienced players are more likely to win, roulette is a game of pure chance. Thus far, a winning formula has not yet been invented.
Smart money management helps winning While smart money management is of great help in a game like poker, it simply does not work when it comes to roulette. The house’s advantage is guaranteed and, no matter how a player manages his money, he can never strip the house of this advantage or reduce it in any way. This means that no money management systems can ever prove to be useful.
Biased wheels do exist Although mentioned last on this list of popular roulette myths, this myth is the most common one. Some roulette lovers never rest on their search for what is called a ‘biased wheel,’ which is a wheel with some mechanical defect. This flaw is believed to give players an edge because the ball is expected to fall into a certain sector, whether red or black, more frequently than it should randomly.
These myths make quite a lot of sense when trying to figure out why people create them in the first place. Since there is no way to influence the game, roulette enthusiasts are desperate to invent something that could provide them with at least some control over the game. This is, unfortunately, impossible.