Newbie learning curve

[Investorater]

I've been wondering what ever happened to that Exotic Dancer....?

The serious horse player is one who has a method of keeping track of his/her action. Over any time frame an accurate record of wagers, number of wins, and the amounts of pay-off will do as much to make us a winner as any method of picking a horse. What every player must know is percentages. What percentage of races that you bet do you win? What is the average pay-off? To get a clear picture of your action you should multiply your pay-off by your win percentage.

Example > ON 2.00 BET
of all the races you play (100%) you win 28%
of the pay-off average which is $8.00
.28 @ $8.00 = $2.24_You have made .24 on $2.00

Only by paying attention to the averages can you see your real take, and your real cost. The above is a way to get your R.O.I.R. > Return On Investment Ratio.

[Learned Hand35]

Originally Posted by Investorater

Only by paying attention to the averages can you see your real take, and your real cost. The above is a way to get your R.O.I.R. > Return On Investment Ratio.

I am so glad I started this thread. Everyone's ideas and thoughts are really getting me thinking. (For example the above.) I hope it is helping our lurkers.

PA is the best resource on the web for this game. If you don't find the answer someone will point you to it.

[Greyfox]

Originally Posted by Learned Hand35

I am so glad I started this thread..

Yes. Thank you for starting it as well.
Sorry for taking it a bit off track.
I still think that there's a lot more meat on this chicken so let's keep it going.

But in the meanwhile, there is a Question begging an answer?

"Was that a blonde joke that Dave S. didn't find funny?"
or
"Was that a blonde joker that didn't find Dave S. funny?"

Luv ya Dave and Babe.

[Learned Hand35]

Originally Posted by Greyfox

Yes. Thank you for starting it as well.
Sorry for taking it a bit off track.

I just realized how I sounded with my post. I hadn't been home too long from a rough day and a few (or six) post work happy hour drinks and started spewing my thoughts without engaging internal filter.

I truly do appreciate the informative as well as humorous posts.

[Robert Fischer]

Originally Posted by Robert Fischer

1.Know Yourself - why are you doing this? What are you willing to do? Know your style, interests, limits etc...

can't stress this enough.
If I were to lay outthe steps that I take, I think it would be foreign and above and beyond the technology(meaning process, not gadgetry) and commitment of what most newbies would be willing to invest. A lot of stuff is simply not an interest to many players and I might describe it as old-dog-new-tricks or simply not-cup-of-tea...

[raybo]

Originally Posted by jelly

One of the biggest things you can do to help your ROI is not to bet anything with a takeout of over 15%.

Except superfectas, I hope!