Long story as short as possible. I never bet on a horse race before Ed, ever. I may have accompanied several to a race track for an evening out yet I did not find myself at a window calling out a bet and when I finally did, it was Only after writing down word for word what Ed said when calling out his bets. This was because I was absolutely petrified that I’d make a mistake and Not that a mistake is something I couldn’t accept, it would be shocking if I meant to wager $6 and when I called out the bet incorrectly they said the actual cost was $180……. LOL But really this was my fear.
Fast forward 30 years of which three I did not bet. I observed a master at work and I can say this cause I witnessed the masters work, work 🙂
So after 3 years of accompanying him to the track and mostly loving the fact that we were outside surrounded by beautiful beings (horses) and very very unique people that Ed and I could fill a book with, I said to Ed that I wanted to bet.
Which brings me to today and what I wish to share.
First anyone who has read my autobiography Signers knows that the very first words Ed said to me when I shared with him that I too wanted to wager was that it was absolutely necessary for me to bet with my own money. My earned money because as like all of us know, making money, enough money so we can live comfortably is all any of us strives for so this is something most of us would not put at risk. I am included in most of us 🙂
Ed was a flat out win bettor. I found this impossible, agonizing and Not anything I would Ever want anything to do with.
Yet my role in our wonderful 30 years together and I do not say this lightly as Ed was truly my soul. His presence in my life essentially ruined me for anyone else which I like. I’m basically his forever and am just fulfilling our lives purpose. Yet his win bets were so cut and dry and would like all to remember that I witnessed his success unfold before my eyes which contrary to what some people believe took years and years to develop. I did Not personally like the way Ed bet at all. I found it stressful but after I jumped in I was studious to the umpth degree because I was truly learning from the master However several years later after witnessing his top selections coming in the money on average 60% of the time, around 18 to 20% winning, and almost always at high returns I figured there just had to be a way to capitalize on this and Not betting Place or Show…………..
The reason I bring all this up is I am Not equipped with the ability to bet like Ed. Far removed, however, I am an excellent exotic bettor with my specialty within races when we have a stat that I perceive will be in the money at least 60% of the time with a morning line of at least 9/2. And anyone who has been around us for some time knows that I kill this. Even Ed knew and relied on me to fill out tickets especially when he was considering betting an exacta or a tri.
So my dilema came in cause Ed and me understood Bill Benter’s winning formula is he bet 70 to 75% of his wagers on win, place and or show. Now granted this was when he reached a plateau that we’ve yet to accomplish which takes money though when he made this statement he was already producing 70% winners, where we are between 30 to 40%. Though substantial we still have a way to go but this won’t happen until we’re properly funded.
I guess the best way to look at what we have is we’re about 30% of where we’re going to be. Though that does Not mean we can’t make things work now. And considering the funding options are not currently present to the point of my acceptance, this is pretty dam good.
Yet please know me. Who I am. I am responsible for 36 shareholders of which I actually count as 72 because each persons significant other matters so I take this responsibility very serious.
That said, it was Not until Today that the light bulb went off. I finally realized after we reached this point of my betting for us that I just can not bet strictly win, place and/or show. This is so foreign to me but I am a well established, high percentage of wins exotic bettor and I am certain I can make us money this way only I must maintain this to an as race per basis.
Meaning serial wagers will kill our bank roll (though not completely out as we will bet them) however superfectas and trifectas won’t. So today this is where I concentrated my full effort. This does not mean that I didn’t place win/place and or show wagers But what this means is I went after the score and for the first time I felt at home. Though we basically broke even today I saw the light. Before it was a huge step to see betting $50 to show on a horse would change any of our lives. Yet if my key horse is at least 9/2 I can bet this horse in all slots and make us a profit.
Soooo….. this update is to let you know that Today is a Huge Day. Everything has come into focus. I’ve got this figured out. I’ve got us Covered. From this day forward I have absolutely no doubt that we’re going to fly….
What I need and this is mostly because I wear so many hats is time to just bet for us without having to explain anything. Not that I don’t want everyone to know what is going on. It’s purely that being in the position to share my every move doesn’t give me this freedom. Even though I wish to share all, and will, it’s best that I am not having to fill in each day details.
After all whenever anyone trades stocks in the market how often do they have regular personal communication with the person who set up the venture.
That said, we of course will post our wagers, the potential bets for the previous days and the results so all is transparent and everyone can follow along.
We’re here! We reached the point of reaping benefits. Now my primary focus is to keep us rolling. This does not escape me. I completely understand that this is All up to me…. and I plan to perform.
Next Post: 30 to 40% win rate still equates to a 60 to 70% loss rate. Yet we Are using the program and maintaining a profit.