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04-08-2014, 05:18 PM
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#16
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tmrpots
Join Date: Jun 2008
Posts: 2,285
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Thinking that the jockey is important.
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04-08-2014, 05:19 PM
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#17
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Registered User
Join Date: Mar 2010
Posts: 1,178
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Quote:
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Originally Posted by cj
Betting too many races.
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Most of the other responses posted here are true but they all circle, Betting too many races.
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04-08-2014, 05:20 PM
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#18
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Top Horse Analytics
Join Date: Mar 2013
Location: Las Vegas, NV
Posts: 12,303
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Quote:
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Originally Posted by cj
Betting too many races.
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04-08-2014, 05:25 PM
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#19
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Registered User
Join Date: Apr 2011
Location: Chicagoland
Posts: 230
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Trying to cover too many combinations or possible scenarios.
I recently had a friend who played $8 worth of exactas on a race. He then wanted to spend another $4 to "cover" his other bets "just-in-case." 
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04-08-2014, 05:55 PM
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#20
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Registered User
Join Date: Feb 2010
Posts: 1,458
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I'm guilty of playing multirace bets with the same kinda bankroll over and over when sometimes it warrants hitting repeat vs. Spreading
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04-08-2014, 06:10 PM
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#21
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Mike Schultz
Join Date: Oct 2010
Location: North Carolina
Posts: 2,234
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Quote:
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Originally Posted by cj
Betting too many races.
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Agree that is #1....A close 2nd is creating bias that exist in their own mind & not in reality.
__________________
I attract money, I attract money...
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04-08-2014, 06:13 PM
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#22
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Registered User
Join Date: Jul 2013
Location: Seattle
Posts: 3,943
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Quote:
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Originally Posted by cj
Betting too many races.
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There it is, right there.
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04-08-2014, 06:16 PM
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#23
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Registered User
Join Date: Jan 2004
Location: The Big Apple
Posts: 4,252
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Not putting as much effort on their wagering as they put on their handicapping. In over 40 years in this game, I have met far more good handicappers than good bettors.
__________________
Independent thinking, emotional stability, and a keen understanding of both human and institutional behavior are vital to long-term investment success – My hero, Warren Edward Buffett
"Science is correct; even if you don't believe it" - Neil deGrasse Tyson
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04-08-2014, 06:25 PM
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#24
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Veteran
Join Date: Oct 2009
Posts: 25,607
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Biggest mistakes:
1) giving too much credit to the humans (Jocks, trainers and owners)
2) giving not enough credit to the humans (same as above)
3) Not knowing the REAL reason that the horse you bet on didnt run fast enough.
4) Letting emotion get in the way (i hate this, i love this, etc) Keep hate and love out of your process, as Gordon Gekko says "don't get emotional about stock buddy boy"
5) Letting the odds board sway your beliefs
6) Not letting the odds board sway your beliefs.
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04-08-2014, 06:29 PM
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#25
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Veteran
Join Date: Aug 2005
Posts: 3,428
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Quote:
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Originally Posted by cj
Betting too many races.
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I agree with the above. Close is not having a big enough bankroll (really I was going to post this).
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04-08-2014, 06:31 PM
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#26
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Registered User
Join Date: Mar 2009
Location: massapequa park ny
Posts: 2,164
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C.J. nailed it.....betting too many races ...and also when you have an opinion spreading too much on losing combinations.
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04-08-2014, 06:32 PM
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#27
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Veteran
Join Date: Aug 2005
Posts: 3,428
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Quote:
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Originally Posted by lamboguy
i would think that in the year 2014, mistake numero uno got to be
betting the Rainbow Pick Six pools Gulfstream offers before the last day of the meet.
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I really like the way you think. Always two steps ahead.
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04-08-2014, 06:40 PM
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#28
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Registered User
Join Date: Dec 2003
Posts: 1,692
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Importance of post position.
Importance of scratches.
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04-08-2014, 06:41 PM
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#29
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Registered User
Join Date: Jan 2014
Posts: 389
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Mistakes can be different depending upon a player's skill level. Advanced player's can also overcome the same mistakes that ruin less skilled.
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04-08-2014, 06:43 PM
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#30
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Scum Bum!
Join Date: May 2013
Location: Lexington, KY
Posts: 1,889
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Quote:
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Originally Posted by Cratos
Not putting as much effort on their wagering as they put on their handicapping. In over 40 years in this game, I have met far more good handicappers than good bettors.
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Not a bad post in this thread, but this one really stands out too me. In my early years in this game, this aspect alone made me lose not only countless dollars, but confidence as well. You can spend hours handicapping a nine or ten race card, but if you can't figure out how to bet your selection in your favor, you might as well get in the car and go back home.
And that's what I did.
I remember going went weeks/months "dry betting" the races until I could understand this aspect of the game. Frustrating? Yes, but it was damn cheaper than the other way I was learning.
Again, great thread guys.
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