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Originally Posted by Mikym
So…even though I haven’t posted for a year now, I do feel the need to chime in.
This year, my year has gone pretty much the same way last year did. Really well in the beginning of the year, really not well second half of the year. Not sure why.
Matt brings up some excellent points…one of which does seem to stop me from reaching my full potential with VC which is his rules comment. I’m in finance…so I’m kind of a rules guy. It is very hard for me to ignore my rules. I’m getting better and I still have a few that just seem to make sense to me, but I have cut those way down.
Another good point Matt made which may have gotten missed was how people just starting out with VC seem to do really well. That was certainly the case for me. It’s almost like that saying that says a little knowledge can be dangerous. As I learned more, the harder the game seemed to get.
I don’t actually play a lot of races. Recently, I downloaded 5 tracks, and made three bets (all losses by the way.). I think one of the things I like about VC is that - at least for me - it has a built in discipline which stops me from betting too many races.
I have learned a lot from Matt (and all of you actually.) I can honestly say that after using VC for two years now, that while I will certainly not be able to buy a new car or take a great vacation from my winnings, I have never fallen below my initial deposit in my account…which seems like a win to me anyway. But I sure wish I was better so I could buy that car!
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Glad to hear you are not losing too much, that was really my goal all along. Basically I was just hoping to make enough to pay for the data, which I have the last several years with a few bucks to spare. Certainly never going to get rich playing this game, at least not the way I play it.
Read a great article or blog by someone a while back, may have been by Dave Schwartz on his website maybe, cant remember for sure. But he went into detail the amount of money yoyu would need to push through the windows given a $1.10-$1.20 ROI to make even $1000 a week, which would certainly not be a comfortable living these days. It was astronomical!! The author also mentioned how emotionally draining it was as soon as he decided to play professionally, where he knew he had to make x amount of dollars over x period of time to feed the family, pay the mortgage, keep the heat on, etc. As much as I hate working a 9-5, I am 100% certain handicapping horses for a living would be worse, just is not something I am prepared to do.
The part I enjoy about Valuecapper is there isnt a lot of data mining or systems you have to learn to break even or make a few bucks, which allows me to focus on what has always been the weakest parts of my game, bet structure and money management. Still working on this and suppose I will be until the day I die, but I am making progress.
Always happy to meet up and discuss horses every once in a while if you'd like, pretty sure Jon would be game too, if we can find a weekend where life doesnt get in the way for an hour or two!!
Best,
M
