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Old 07-02-2013, 12:18 PM   #4
Bill V.
The egg man
 
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Join Date: Jul 2008
Location: Carlsbad, California
Posts: 10,005
Money Management

Quote:
Originally Posted by rmath View Post
Moose, almost forgot, try to read the Follow-up issues from 70 on up.
Hi Dirty Moose
Welcome to Pace and Cap, A big part of the Sartin Methodology deals
with the positive feedback of winning. Rmath gave you great advice.
When you read the later follow ups you will learn about visualization
of where your winners come from. in the form of a decision wagering form.

I filled out the DWF's for many years, My advice to you is right out of the
book Pace Makes The Race From Dick Schmidts money management,
page 354 You Must Write Down Every Bet You Make.
I found this to be the difference for me. I eventually stopped filling out DWF
and only looked at the balance of my voucher or my online betting account.
I found that only looking at a final total led me to waste too much money on
betting on races I did not fully understand, and that I just was not very good
at multiple race bets or vertical type bets, When I went back to writing down
all my bets I improved.

Today I no longer fill out DWF's. I enter all my bets on a spreadsheet.
I could also visualize my bets on my online wager report, but I find my spreadsheet more helpful.
I record some other factors on this spreadsheet but here i only show a few.
Here is a little snip of my work sheet, these factors are from Doc Sartin's ideal spreadsheet in follow up 83.
I record the morning line of the two horses I bet,
then I record the final odds of the horse that won each race I handicap.
then I record the final odds of the two horses that I bet.
Next is the number of the two horses I bet, and then the results.
I enter every race I handicap. I note if I pass, win, or lose the winning mutual.
When I pass a race I make a not of my decision of
what was it that caused me to pass the race.

This all does not take very long, as you can see I also
color code two factors
first I dark shade all the final odds of the winning horse,
next I shade all my winners a lighter color,
This is what I focus on, as Doc suggest, I focus my
eyes on all the light shade wins.

This somewhat silly exercise helps me, Of course the bottom line is winning.
My voucher or online account balance total says if i'm winning or not,
But writing down every bet and even the passed races helps my winning attitude.
I dont want to see a dark shade loss so I work harder on any race I look at.
My goal is that I can see more light shaded areas on my worksheet.

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Last edited by admin; 07-02-2013 at 12:48 PM.
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