Author: Max Redd http://www.reddracing.co.uk

In a previous article I jokingly suggested I had put all my assets – my savings, the deeds to the farm, my kids’ Trust fund, and the proceeds from selling one of my kidneys – on a horse at Newbury. I showed this was potentially financial suicide, and an extreme example of bad money management.

I wrote that more often than not a losing punter will find himself saddled with a bunch of bad betting habits. It is these bad habits that have gotten him, and his betting bank, to where his is now – the Poor House.

To arrive at a change in fortune, and to start making consistent profits, the losing punter has to be prepared to make changes to the way in which he bets. In the previous article we talked about the cornerstone supporting my own personal betting strategy, and that is finding value in every bet you make.

You will only ever make a profit from betting if you consistently back horses at prices too high when compared to their actual chance of winning. This is exactly how bookmakers have made their money for generations – they consistently lay horses at prices too low compared to the actual chance of the horse winning. When punters continue to take these low prices day-in and day-out, it will only ever be the bookmakers who come out with a profit in the long run.

The second ‘bad habit’ I want to examine is the subject of inappropriate staking. What do I mean by staking that is not appropriate? Well, what I am driving at is placing bets that are generally too large in proportion to the size of your betting bank.

Before I expand upon this, the concept of a betting bank is a side-issue in itself. You categorically MUST have a sum of money put aside for the sole purpose of betting. It scares me rigid when I hear of people simply ‘dipping’ into their current account to place a bet using their debit card.

If you do not have a separate account for your betting activities, you cannot keep records, and you will not be able to answer that simple question, “Am I making a profit, or a loss?”

It goes without saying, that betting involves a degree of risk, and you should never bet with money you cannot afford to lose.

Getting back to inappropriate staking, the idea of lumping all your money on one horse is an extreme example of over-staking. Of course, on the one occasion this strategy may pay off. We had friends round a few nights ago to play one of those Race Night DVDs. I was comfortably in front by studying the form before each race, and placing considered bets at what I considered to be value prices. As you might imagine, I had a suitably smug expression on my face as we came to the last race, and our friends were complaining I enjoyed a ‘professional advantage’.

My wife then decided to put every penny she had left on an 8/1 chance. The race turned out to be the ‘lucky last’ for my wife, and she walked away with the whole bank!

But seriously, continue with these tactics, and it will not be long before you lose everything.

Personally, I would never consider starting any betting campaign with a bankroll of less than 100 points. In other words, I will divide my bank by 100 to arrive at my unit stake. You can see that I will only ever be putting 1% of my bank at risk when I place a bet.

This is a very generalised approach, and you might argue that a little more consideration should be given to a punter’s typical strike rate. True, if someone has a strike rate of 50% then it is statistically highly unlikely that he will suffer a run of 100 losers to go bust. So, in this case you might be justified in operating a smaller bank. Bear in mind that when flipping a coin, it is by no means unusual to see 6 or 7 ‘heads’ in succession, and losing runs in double figures do occur.

Erring on the side of caution, you could foresee two such losing runs occurring twice in close succession. In which case, I hope you can see that even when considering a system which such a high strike rate, having a bank of well over 20 points now seems very sensible.

With my own Redd Racing betting service, we enjoy what I would consider to be quite a healthy strike rate. However, we have experienced a negative swing of some 60 points during one particular month a couple years back. The account recovered to make a profit by the end of the month, but it underlined the importance of having a bankroll large enough to absorb the losing runs that EVERYBODY has to endure from time to time.

Indeed, it would probably be better advice if I suggested members of my service had a bankroll of 150 or even 200 points in reserve.

Yet I often receive emails asking me whether it is OK to deposit £100 with Betfair and start with unit stakes of £10.

Betting with stakes too high in proportion to your bank normally comes out of a desire to make money quickly. I think we are all guilty of getting overly greedy sometimes, and unwilling to think a little more long-term. People are inclined to set themselves unrealistic profit targets, given the size of their betting bankroll. Having a bank of £100 and expecting to be able to make £100 per month is not realistic. Get-rich-quick does not exist.

Akin to the Tortoise and Hare story, let me give you an example of where what might initially seem like a very moderate return, actually gives surprising results over time.

If you started with £100 in your betting bank, and increased this bank by just one-half of one per cent every day, after just 6 months your account would have a balance of £244 due to the compounding effect. You could more than double your investment in 6 months with this seemingly small daily profit return. Take that to your bank or building society and see if they can come anywhere near such a deal!

Hopefully this demonstrates how ‘slowly but surely’ wins the race.

To summarize, my advice would be to set your unit stakes at one per cent, or even one half of one per cent, of your total betting bank. By striking only value bets, and when the odds are in your favour, your betting bank will grow. As your bank grows, so you can naturally increase the size of your unit stake to make more profit – but your bets will still be in proportion to your bank.

In the next part of this Sensible Money Management series, I will look at more bad habits that suck money from the accounts of losing punters.

About the author: Max Redd has been making a living betting on horse racing for over 10 years. He runs the Redd Racing betting advisory service which offers members a FREE trial and a 60-day money-back profit guarantee. Find out more at http://www.reddracing.co.uk

Watch the video related to race night

309 kilometers, 61 laps, and four high speed stretches that all cross through the heart of Singapore. The Singapore street circuit is the first grand prix race ever. Lit by 1600 lights from the surrounding colonial buildings, the visuals alone is enough to leave you breathless. Here’s a look at the Singapore’s first F1 race and the Grand Prix’s first night race. redbullf1.com

Help answer the question about race night

About Author

Max Redd has been making a living betting on horse racing for over 10 years. He runs the Redd Racing betting advisory service which offers members a FREE trial and a 60-day money-back profit guarantee. Find out more at http://www.reddracing.co.uk

About the Author:

About the author: Max Redd has been making a living betting on horse racing for over 10 years. He runs the Redd Racing betting advisory service which offers members a FREE trial and a 60-day money-back profit guarantee. Find out more at http://www.reddracing.co.uk

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Surf and Turf: The Race Track

One of the favorite places for The G to hang out at, especially in Summertime, is the Race Track. In fact, The Kentucky Derby is the official Start of Summer on the G Manifesto Calendar. And Summer time officially ends on Closing Day. September 6th at The Del Mar Thoroughbred Club on the West Coast and September 4th at The Saratoga Race Track on the East Coast. Depends obviously on where you’re at (or where your going).

Winning at Gambling is very difficult at the race track. To paraphrase Andy Beyer, who has called horseracing “the greatest mathematical equation ever created” the odds are solidly against you. Good gamblers, Even great gamblers that win at other games get whacked at the Track. Me? I don’t gamble on horses too much. I operate on inside information, or have a jockey, or preferably jockeys in my back pocket. I also spend of a lot of time with the racing and sportsman set. This helps me get the edge I need. But mostly I go to the Race Track for the experience. Much like a Fight Night, the track is full of interesting characters. Big Money Horse owners, Jockeys, Trainers, Gold Diggers, Socialite Girls, Professional Team sports Coaches, Old Money, Nuevo Riche Jerks, Con Men, Models, Hollywood Actress Broads, Nightlife Princesses, Old-School G’s, G’s, G’s on the Rise, Prototype G’s, Gamblers, its like a modern day Damon Runyon Story. (Guess who is playing the role of the protagonist?)

However, you can’t just go to the racetrack with no preparation and game plan or you’re going to be outgunned. Like stepping into a gun fight with a deuce deuce against a four pound. It’s a war zone. You need to go stronger than ever, money longer than ever, longer Beretta. (And just so you know, personally, I am at war a lot like Anwar Sadat, no warning shot and my guns warm a lot)

Be well rested

Going into the racetrack you are going to need plenty of energy. Its summer time so it’s hot out. The track usually starts around 12 noon or sometimes 4pm. Either way you are in for a long day into the night, and you have to be ready for the night. I love going to the track during the week, because that’s when the real gamblers are there. I also love going to the track on Friday and Saturday, hell, even Sunday, Tuesday, Wednesday and Thursday (never Mondays, I never eat seafood on a Monday, unless of course I am at Le Bernardin in NYC….props to Eric Ripert). Being well rested is difficult especially when you spent the night before getting massages and drinking Champagne with two exotic dancers till 5 am. So you might need to take a Vampire Nap or drink a Rockstar. Getting a workout and Entering The Dragon can also help take the place of lost Rapid Eye Movement. The best thing to do is hold off on booze when you first get to the track and really ease into the relaxed Atmosphere. Then ease into the Goose and Sodas, and I guarantee you, when you start seeing the summer dresses and smell the Coca butter and perfume you will start feeling wonderful. Plenty of time to get into the Seventh Dimension. The Race Track is one of the few places you will actually see me drink during the day.

Track Gear

You have to dress fresh at the track. My goal is to always dress the freshest. I can’t remember the last time I didn’t achieve my goal. And I have a great memory. You can never go wrong going old-school style: Seersucker Suits, Spectator shoes, etc. Make sure you wear a light colored suit as well. You’ll look like you only own one suit if you go in a dark collared one, which is probably the case if you are wearing a dark collared suit on a hot summer day. So stop being cheap and spring $2000 for a decent light colored summer track suit. Me? I have like 20 (on each coast). I like going with a light tan Valentino two button with Lavender Shirt (and I am not talking about that Nightlife Princess Lavender either), purple Brioni pocket square, Gucci Belt and Prada loafers no socks, Sportsman Style. It is also completely acceptable to wear sport coats and Slacks to the track. Just make sure they are top-notch. Ties can work, but due to the heat, it is advisable to go no tie. The Pocket Square is the New Tie.

Turf Club

You have to gain entry into the private area of the Race Track. The Sky boxes are good but entry into the Private Turf Club is really what you want. Why? Because drinking cocktails out of plastic cups in General Population has never done any G any good. Also the girls are richer, the girls are hotter, its easier to place bets, and as Willie Sutton said,” Because that’s where the Money is”. How do you get entry? For members it’s easy. Other wise, you are going to have to be creative. (We will cover entry into private clubs and nightclubs in a future G Manifesto, for now refer to The Art of The Grease). Once you’re in, get the Matre’d on lock and the Bartenders. This will make your life easy. For me it’s real easy because these types of private clubs are like Bases of Operations for me.

Winning every Race

Once your settled in, got your table, ordered a Shrimp Cocktail or set up your Base at the bar its time to “win” some Races. Now, unless you “know” what is going to happen during the race (as I often do) you WILL lose if you bet. So the key to the track is you must pretend like your “winning” every race. Everyone likes a winner. Girls will gravitate over to you, Socialite girls will leave there boyfriends to hang out with you, the Gold Diggers and Table Hawks will start circling and you will get Biz opportunities and Biz Cards up the Kazoo. The advantage you have is most people bet and lose and when people ask them how they are doing, they say, “Losing”, or “I am getting killed!” or something along those lines (and I don’t mean Beeks either). Now when a fly girl just talked to that “loosing” guy, and then comes up to you and asks how your doing, and you say “that last race worked out really well” or “that race set up perfectly, but I studied the race all morning” who do you think she is going to want to hang out with more? Also when the race is running, Yell and cheer (keep it smooth though), but don’t make mention of which horse you are pulling for. When the come down the wire, increase your cheering. As the horses approach the finish line Yell something to your Running Partner like “I told you!” And even thrown in some high-fives to make it all look authentic. You will be able to feel the eyes of girls on you from all over. Similar to marketing. Now spark up a smoke. Take a sip for an elegant high, be one hell of a guy, fly pelican fly.

Know the Ecosystem

The great part about the racetrack is you get a diverse portfolio of girls. Hollywood Actress girls love the Track. So do Model Girls. So do Gold Diggers and Table Hawks. And Rich Daughters. We will deal with how to deal with these different girls at a later date. For now refer to The Six Elements of Picking up Girls.

Do your legwork

Know the after gigs. It’s important to get multiple pitches out to girls during the track to hook up things for later. Know the resorts, the restaurant owners, who are hosting the Mansion Parties and the bartenders. Its summertime, remember, and bars tend to get busy. Every second counts, and you don’t want to waste precious time waiting for drinks. Get the waitresses on lock down also. These girls can really bail you out by putting together a private chilling area for you and a Running Partner and a couple of fly Diggers. Having a top chef come by and shake your hand and order something for you “off-menu” never made anyone look bad either. If the move gets no reaction from the girl, call her a cab to take back to her crib in the trailer park/ suburbs.

Work in Pairs

The G Manifesto usually advocates working dolo, unless you are rolling with a G Manifesto Certified Running Partner. Then it’s good to go Scarface with Manolo. The Race Track is a good place to roll with Running Partner. Girls often are in bigger groups and it’s good to have some extra muscle to deal with rival crews and Haters. And like anywhere these days, there is no lack of Haters at the Track.

“I knew it!”

In closing, here is a great custom move to use on girls at the track (and I have used this move so many times with success, I don’t mind giving it up): Spot two fly socialite girls like a Cheetah. Have your running partner roll over to them (suited down of course) and sprack up a conversation. Doesn’t really matter, could be about anything, just be charming, witty, and hold there attention. Next you “roll up” on them like sleeves, ignore the girls and say to your running Partner “Remember we have ten Grand riding on this race” right before the announcer says “And there off!” Follow the Race and ignore the girls completely. This is very important. Become a little more animated as the horses are coming down the final stretch, remember, and don’t specify which horse or horses you are pulling for. As the horses come Thru the Wire (and I don’t mean that Kanye track with that dope Chaka Kahn sample, Through The Fire), say “I knew it!” and give your running partner a Pound. Maybe throw something else in there like “I told you….that’s three races in a row now!” Girls will already be completely sold on you. If you want to torture them, wait for them to introduce themselves. If you don’t want to punish them too much, Introduce yourself, and invite them for a drink at the bar. Ignore all questions about which horses you had or who you have on the next race, or greet there questions with your index finger up to your lips, like you would “shhhhh”. No need to make the sound. Invite them to your table at the finish line. The Rest is Up To You…………

Email of the Week in regards to Nightlife Princesses:

“I thought you got busted Mr. Portfirio, I was sick to my stomach and having panic attacks thinking you were in the clink, or are you? Anyways I have become quite the G thanks to your Manifesto’s, and when my new Razor PDF vibrated in my new Bironi Custom made suit with your latest blog in Vegas last night (all of this thanks to a heist in Scottsdale that netted me 450K and left 4 dead, but that’s neither here nor there) I quickly located the local “Vegas Nightlife Princess” at the most upscale underground night club in all of Sin City. I simply said “Jack Pot”!!!!!!!!

Needless to say I followed your tips, and had her back in my suite at 6 AM doing things to her that even a farm animal would scowl at. She limped out of my room 20 minutes ago. Thanks for the tips and tricks, keep them coming and should we ever cross path beware that you created primp up and coming mutha fucking G!!!!!”

—–Not sure about the whole farm animal thing. I don’t really know too much about farms. I stick to cities, beaches and cities on Beaches. Sounds like a decent score, too bad you had to go to Scotsdale to do it, but next time make it more clean, dead bodies can cause unnecessary Heat (and I don’t mean that crappy NightClub called Heat either). All in all, good work.—–MPM

Side Note:

Immortal Technique from Harlem, Washington Heights is probably the Rawest MC right now. Bone Chilling. You should look into it.

Side Note II:

Opening Day at the Track is the worst time to go to the track. Ask any dork when they like to go to the Track and they will say, “Opening Day!” Enough Said.

Side Note III:

When you are at The Del Mar Thoroughbred Club, do not, and I repeat, do not go to Pacific Beach afterwards. Pacific Beach is one the greatest hoaxes ever put on the straight male. The bars in Pacific Beach have more guys than gay bars. The funny thing about it all the guys that go to Pacific Beach are homophobic. But maybe it makes sense; you know what they say about homophobic people……

Side Note III:

In the most recent issue of Los Angeles Magazine in a pro-smoking article about The Tinder Box, one patron is quoted as saying “Hitler was a non-smoker and Einstein smoked a pipe….what does that tell you?” Sound familiar? Probably does, because you already read the concept in The G Manifestos earlier installment, The Smoking Gun. That’s ok, I borrow from people also.

Michael Porfirio Mason

AKA The Peoples Champ

AKA The Murder Machine

AKA The One you Got Your Game Style From

AKA You Probably know me from Your Girl

AKA The One your Girl was with When She Never Came Home

AKA The One Who Climbs up the Balcony with The Sunglasses and The Shotty

AKA The Don Juan Beside The Don

The Guide to Getting More out of Life

http://www.thegmanifesto.com

(Want to see something in The G Manifesto? Send suggestions to thegmanifesto@yahoo.com)

Watch the video related to race night

www.redbullracing.com

Help answer the question about race night

About Author

Michael Porfirio Mason, International Playboy on the Rise tells you how it goes down at the RaceTrack, G Manifesto Style.

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The popularity of Greyhound Racing has been increasing over recent years with attendances at tracks reaching four million a year. There are 31 licensed greyhound tracks in the UK. According to the gambling commission up to 4% of the adult population in Britain bet on greyhound races. This compares to 13% gambling on horse races. Turnover on gambling in general has been seen a dramatic increase up to £53 billion in 03/04. The rise of online gambling has made betting on greyhound racing quicker and simpler than ever before.

Every night of the week greyhound racing can be seen at one of the following venues : Belle Vue (Manchester), Brighton, Brough Park (Newcastle), Coventry, Crayford Glasgow, Gretna, Hall Green (Birmingham), Harlow, Henlow, Hull, Kinsley, Mildenhall, Milton Keynes, Meadow Court, Nottingham, Oxford, Rye House (Hoddesdon), Perry Barr (Birmingham), Peterborough, Poole, Portsmouth, Reading, Romford, Sheffield, Sittingbourne, Sunderland, Swindon, Walthamstow, Wimbledon, Wolverhampton and Yarmouth.

Racing also takes place during the day at BAGS meetings – Bookmakers Afternoon Greyhound Service. These meetings are also included in the GreyhoundPredictions tipster service. They were set up for off course bookmakers to offer betting during the day.

Greyhound Racing began in its current form in the UK in 1926 at Manchester’s purpose built Belle Vue stadium. The sport was an almost instant success after its import from America.

Each greyhound is assigned a class chosen from the best time the dog achieves in trials. The class is chosen that gives the dog a good chance of winning against greyhounds with similar ability. Open Race grade (OR) races allow any grade of dog to race. For graded races the system is to assign a letter prefix for the distance of the race, ie A represents a distance of 470m at Belle Vue, and a number for the grade, 1 being the highest, giving A1 for the fastest dogs over 470m down to A9 for the slower dogs at Belle Vue stadium.

Watch the video related to race night

A short film made for the 48 Hours of Hell competition. *We took 2nd place at the film festival* Special thanks to the Cutting Room Productions team: David Brian Mike Vinay Andrew Jonathan and Vincent

Help answer the question about race night

About Author

A contributor to the free automated greyhound racing tipster site

www.greyhoundpredictions.co.uk”

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My friend Eric used to be on the news every night on the NBC
affiliate in Minneapolis. Just before the Sports segment came
on, the news would play this quick little montage of local
sports events, and Eric would be shown crossing the finish line
in the Twin Cities Marathon. Every single night.

His wife, Chris, thought that it had more to do with Eric’s
appearence – blond, blue-eyed, Scandanavian – than what a great
athlete he was. The actual winner of that race was Kenyan, as
were the second and third place winners. Eric, I remember, ran
about three hours and three minutes, which is really great, but
far out of the money for one of these deals. Like about
forty-five minutes. So, you can see why he would be a suspicious
choice to show on the clip reel for athletic excellence if
that’s all you were going on.

I was a spectator at that race, standing at the sidelines along
with other of Eric’s friends and was watching as the actual
front runners crossed and I happened to notice that the fifth
place winner had poohed herself. On the back of her legs there
was this greenish-brown explosion of pooh that ran from the back
of her running shorts down to her sneakers. The announcer at
this event, who was also doing the televised play by play,
accurately reported that this woman had finished fifth overall
for women and first in her age, but he didn’t report the one
most important fact, which was that she’d crapped on herself. I
thought he was a horrible announcer.

How could you ommit the most impressive part of this woman’s
victory? She was so dedicated to winning that she bypassed the
many port-o-pot ties along the route so that she could finish in
the money. In her case that was five grand.

It made me wonder. How much money would you have to pay me to
take a dump in my shorts and run for miles and miles at my top
speed in front of hundreds of thousands of people viewing me
live and then millions more people watching on TV? Not five
thousand, that’s for sure. It would have to be a lot more than
that, I can tell you. And this woman did it not for a sure five
thousand but just the chance that she might win something. You
know, even if you assured me that I could guarantee world peace
for all time and humanity would be happy thereafter, I wouldn’t
do it. I guess I’m too selfish.

In my prime I used to do a bit of running (still do. But I’m not
in my prime). I used to enter three or four ten K’s in the Twin
Cities per year. The big joke for my friends the day after one
of my races would be to ask: “Did you win?” That alone would
cause great mirth in and of itself and I wouldn’t even have to
answer. Well, no, as a matter of a fact, I never did win any of
those races. I was usually exactly in the middle of the
placings. When my age was factored in I placed considerably
better. Anyways, I would occasionally read Runner’s World and
came across an account of a woman racer who had done precisely
what that other woman had done. She’d lost bowel control during
a race and persevered, and in the article she was very detailed
about how it felt – very detailed.

Ewwww! It was far too much information. This was long before I
saw it first hand at Eric’s race, but until then I hadn’t known
that runners did this sort of icky thing. I guess I’d thought
that if you needed to go during a race, you found a gas station
restroom, or something. That’s what I would do.

For non-runners, I know, the question is why anyone runs at all.
It’s really one of those things that you have to experience to
understand, but I believe the answer is that it’s one thing
humans were designed to do. (intelligently. By Jehovah. In one
day). I’ve read that being able to run for long distances was an
advantage for human hunters, who would outlast their prey that
could run fast for short distances, but couldn’t outlast people
in the long haul. For me, there is a sort of ‘runner’s high’,
which isn’t all that high anymore and definitely not the same as
being high ‘high’, if you know what I mean. (Drugs are bad.
Don’t use drugs). And there’s a bit of back to nature, since I
usually contrive to run somewhere where the scenery is pretty.

Lastly, it affords me the opportunity to eat like a hog- not
entirely anymore – and not have to pay all the consequences
thatI normally would. If I had never run a single step in my
life, I truly believe that I would weigh four hundred pounds
right now. Never mind what I actually weigh; It’s not four
hundred.

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