Poll

[mikesal57]

If you were to have the secret to riches at horse racing
What would you do with it...

1) Keep it to yourself

2) Sell it

3) Share with others for free

4) Share with a select few

[Bill V.]

I would share it with a few. I would get to know each person
who showed interest in winning. If I felt they were dedicated to working and to keep working and practicing. I would share what I knew to be a winning road to success.
I would never charge a cent for my system
I would gain further riches than the riches of winning selections or sales of a method
I would gain the fulfillment that I had made a better life besides my own. A better life that my students earned
For I know that success and a better self image in one part of your life
fuels every other part of your life
one of love and pride and a smile

I just want to be the guy in the picture with the smile

[mikesal57]

Originally Posted by Bill V.

I would share it with a few. I would get to know each person
who showed interest in winning. If I felt they were dedicated to working and to keep working and practicing. I would share what I knew to be a winning road to success.
I would never charge a cent for my system
I would gain further riches than the riches of winning selections or sales of a method
I would gain the fulfillment that I had made a better life besides my own. A better life that my students earned
For I know that success and a better self image in one part of your life
fuels every other part of your life
one of love and pride and a smile

I just want to be the guy in the picture with the smile

Well said , Bill

[noddub62]

I'm with Bill and you are right, he couldn't have said it better.

Have a great weekend,

Bud

[gl45]

unfortunately once you share, the other side has a better one, so they said. How untrue.

[Bill V.]

But if they are only takers and non makers = Hard work / practice
They will just move on to the next magic bean and forget what you told them

[barb craven]

I would share it with all knowing full well that most would not believe in it. Those that did believe would explore it and make use of it, and the others would go on believing what they always did, or that you were pulling a hoax on them.
I truly believe that all knowledge of value should be shared.

[pktruckdriver]

Originally Posted by barb craven

I would share it with all knowing full well that most would not believe in it. Those that did believe would explore it and make use of it, and the others would go on believing what they always did, or that you were pulling a hoax on them.
I truly believe that all knowledge of value should be shared.

Well said Barb, and if we are talking about horse racing only, then I totally agree we could give this away to all, and so many would ignore it and go back to there way of doing things.

This I know from my own experiences, not something I am proud to admit, but one that at this point in my life I have no shame for doing the stupid things of my past, and now only focus on the good I can do in the future, and that would include helping everyone who came into to contact with me, and willing to listen and learn, and we all know that already puts the number of people willing to listen in halve, and of those even fewer are willing to learn , so in reality those left may find the riches, and yet still may not have faith and patience to learn a new way, especially if riches would come slowly, just my thought.

patrick

[For The Lead]

It just so happens I can answer this poll question from experience, not from conjecture or speculation.

Ok, first the story.
In this story I am not going to talk about exactly what the key to “riches” was because it doesn’t matter. These “riches” are long gone so it doesn’t matter and it would be too lengthy to try and explain. These “riches” did NOT involve horse racing. I’m going to tell this story in an effort to answer the poll question, which I will do at the end. Oh, one more thing. Regardless of what you might think, what I am about to tell you is 100% FACT!!

Back in about 1996, slot machine manufactures developed some new slot machines games. Yes, they had the same old “reels”, but there were some “extra” monetary features built into these games. These machines were all over the country, wherever there were casinos. In Delaware as an example, they could be found at Delaware Park, Dover Downs and Harrington. In Mississippi, they could be found in the casinos in Biloxi or in the casinos in Robindale, throughout the mid-west and naturally, in Atlantic City, Reno, Tahoe and Las Vegas.

There were a group of machines In “Resorts” in Atlantic City, that if you only played them on Friday, Saturday and Sunday, you were “guaranteed” to earn between $1,800 and $2,400 every single weekend. And these were $0.25 machines. Why the weekend? Tourists, aka CUSTOMERS! This was a very important ingredient. I “heard” a story that a guy in Reno got shot over these same machines, with the exception that the machines there were not $0.25 machines, but $1.00 machines. You do the math. These were but one group and one type of machine from many different types of machines.

“Riches” to one person may not be “riches” to another person, but it was extremely easy to earn $100,000 a year and all you had to know is when NOT to play a machine, when TO play a machine and when to STOP playing a machine. Simple!

When this first started, there were a handful of people that knew about these games. Now I happen to know a guy that weighed about 400 lbs., maybe more, and he had this penchant for oriental girls that weighed about 90 lbs soaking wet! He figured the only way he was going to meet and spend time with any of these girls was to tell them about the slot machines. Show them how they should be played. Harmless enough, right? Except for one thing, these girls had boyfriends, friends, relatives and etc., and they weren’t keeping the “secret” to themselves, so after a while, everybody and their mother knew about the games. It got so bad in Las Vegas, that some of these people were harassing the casino customers, trying to get them off a machine that had become playable. Obviously, the casinos are not going to stand still for that, so in the end the games were removed and the same thing happened all over the country. End of “riches”. It lasted for about 6 years.

So this is the measure by which I will answer the poll question, but I will not cast a vote.

Would I sell the secret? NOT ON YOUR LIFE!
Would I share it for free? NOT ON YOUR LIFE!
Would I share it with a select few? YEAH. MY WIFE AND MY SON!
Would I keep it to myself? YOU BET YOUR “A—“ I WOULD. Except for my wife and my son.

So there is a true story and that story is the basis for my answer.

Now, perhaps Mikesal57 would like to put up another poll based on this story, with the question being not "IF" you had the secret, but "YOU HAVE THE SECRET" and I explained what the secret was, what it was worth and what happened as a result of what took place. Would you now answer the poll question the same of differently?

[Dorianmode]

Originally Posted by For The Lead

“Riches” to one person may not be “riches” to another person, but it was extremely easy to earn $100,000 a year and all you had to know is when NOT to play a machine, when TO play a machine and when to STOP playing a machine. Simple!

I found that an interesting statement, because over the years, some, (many), of my younger friends have said to me, "oh you're so lucky, you have everything, if only I had .... bla bla bla". I usually point out to them that they need to think about how they will see things when they GET something/"everything".

In Economics, there is the concept of "marginal utility"...which "approaches zero", the more you have of something. That means the more bucks you have, the more ONE more, means less and less. For many, it really does not take a LOT of $$ to get to the point where the marginal utility of another dollar, really IS "0". So I agree with the point, "riches" depends on where you are coming from. If one has had some success, then more $$ is no longer an issue, and meaning and satisfaction come from "mentoring", and assisting someone to move along, and gain self-confidence, and is FAR more satisfying, than a few, (or even a lot), more dollars.

My advice to my nieces and nephews, is that you damn well better be doing what you find fun, interesting, and satisfying, cuz when you DO get some riches, you're going to be awfully bored and unhappy, if all you wanted was the "riches", (a by-product...not a direct goal)... and not be involved in something you are passionate about.

My most humorous example of this was my wonderful godfather, (uncle), who loves cars. He went to Europe with his buddy, and they watched their Lamborghinis come off the line, all excited. When he got it home, turns out it was SO uncomfortable, due to his bad back, he couldn't drive it. Better watch out what ya wish for, ya might just get it.

A bit off topic but, here is a "secret to riches" ... (which Dick Mitchell put me on to years ago)...
The "secret" to riches, is patience. If you open an option account, and wait...wait for a geo-political/financial , "event", the market will drop dramatically, for at least a few days, (9/11, the recession of 2007, the S & P downgrade of the US bonds, etc etc.) If you buy "just" out-of-the-money 'Puts', your % return will be astronomical. It happens maybe about 3 times in ten years. Fear is stronger than greed...pateince is the key.

http://en.wikipedia.org/wiki/List_of...market_crashes