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05-27-2010, 04:33 PM | #1 |
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** 5th Anniversary Follow Up Goodies **
To further celebrate the upcoming 5th Anniversary of life here at Pace and Cap, here are some fine articles taken from the 5th Anniversary Edition of The Follow Up, Doc Sartin's Journal of the Sartin Methodology (Issue 25).
In this article by Dick Schmidt entitled The Beginners Column, he discusses pitfalls and practicalities of wagering approaches. The Beginners Column A Step-by-Step Walk Through The Sartin Methodology (Part II) Your Guide: Dick Schmidt
continued next post...
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RDSS - Racing Decision Support System™ |
05-27-2010, 04:40 PM | #2 |
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The Beginner's Column continued - Part 2 of 3
The Beginner's Column continued - Part 2 of 3 continued next post...First and foremost, you must absolutely, positively WRITE DOWN EVERY BET YOU MAKE!!! Every damn bet, even the action bets for $2, or the Pick-6 ticket you split with two buddies when there is a big carryover. If you are not willing to do this, all attempts at money management or professional level play are doomed to failure before you even begin, only if you are willing to make this commitment, should you attempt to play the races on anything but a recreational level. .
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05-27-2010, 04:44 PM | #3 |
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The Beginner's Column continued - Part 3 of 3
The Beginner's Column continued - Part 3 of 3
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RDSS - Racing Decision Support System™ Last edited by Ted Craven; 05-27-2010 at 09:58 PM. |
05-27-2010, 07:03 PM | #4 |
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THIS IS A GREAT ARTICLE !.....PERIOD
Ernie |
05-27-2010, 09:31 PM | #5 |
AlwNW1X
Join Date: May 2009
Posts: 19
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I have not read any of the earlier issues of The Follow Up, and apparently I'm missing some GOOD stuff. This is a fantastic article!
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05-28-2010, 01:35 AM | #6 |
AlwNW2X
Join Date: May 2006
Location: Mt. Vernon, WA
Posts: 27
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Good series of columns, this later version. Great earlier series that stared in Follow-Up #1 as well.
Have used the betting plan featured here off and on over the years. Money-management never goes out of style. |
05-28-2010, 11:41 AM | #7 |
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"My Personal System of Money Management"
Another reprint from the 5th Anniversary Follow Up Issue 25. This one by Doc Sartin, describing his own approach to wagering and money management - a counterpoint to the preceding article by Dick Schmidt. Enjoy!
My Personal System Of Money Management by Doc Sartin This article comes at the request of Dr. Alex Milstein, a client and a renowned psychiatrist who, in my estimation, stands head and shoulders above his psychiatric peers. Alex asserts that over the years, he has often tried to prove me incorrect in some of my stands against mainstream handicapping dictums, but his own empiricism has subsequently proved me correct. In the area of money management he cites the two horse wager and the 60/40 dutch as examples that have brought him more profits than following conventional procedures.
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06-07-2010, 09:34 AM | #8 |
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Do You Need to Lose More?
In this final extract from The 5th Anniversary Follow Up Issue #25, Dick Schmidt addresses some important issues: higher hit rate and lower average mutuels versus lower hit rate (i.e. 'losing more races') but higher mutuels. Also, and directly related - fear of losing as a paralyzing factor and prime inhibitor to professional level play.
I would say these lessons are as relevant today as 20 years ago! Enjoy. Do You Need To Lose More? by Dick Schmidt "You know, what you need to do is work on your losing percentage. You’re trying to win too many races." - Dick Schmidt .The above is one of those smart aleck, offhand remarks that get tossed off in conversation at seminars. Even as I said it, I knew it sounded bizarre, but at the same time I knew it was good advice in this particular case. The fellow I was talking to was winning a huge percentage (75 or 80% as I remember) but not making any real money.
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RDSS - Racing Decision Support System™ Last edited by Ted Craven; 06-07-2010 at 09:37 AM. |
06-07-2010, 09:35 AM | #9 |
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Do You Need to Lose More? ... continued (Part 2)
Do You Need to Lose More? ...continued (Part 2)
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06-07-2010, 10:36 AM | #10 |
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Based on my experience as a pro for a year and a half on the SoCal Circuit in the early 90's, both of Dick's articles are right on. Conquering the fear of losing and the deviations from the plan it causes is an absolute MUST.
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