IN A MONEY GAME IT IS NAIVE TO ASK FREE LUNCHES OR DINNER..
Horseracing is a game of skill…Finding a winner of a race needs evaluation of many factors…More factors you include in your analysis better should be the result…How many punters (gamblers) have time, patience to follow these basicprinciples…Very few, but they are quick to blame everyone – tipster, jockey,trainer and owner…I am an occasional punter and a casual tipster-but was neither a jockeyor a trainer or a ownerI have read many postings on this subject, repeated with regular frequency by free-loaders on various racing sites, about free tips ,tipsters failed tips, wild tips(and their occasional success) and realized that a tipster is always held in ridicule by these so calledsmarty Jones…Why?Most of the tipsters are smalltime race aficionados who graduallygraduate to this position from humble beginnings and therefore,most of these smart gamblers take their opinions as a `necessary evil' andrely more on `khabar 'and blame the tipster if their `forecast or prediction'fails… they don't have guts to blame the `khabri'….But what is a tip ?A tip is a personal assessment/opinion about the winning chance ofa runner in a race.It can be right and of course it may be wrong…But who is a tipster ?A person who with sufficient/insufficient expertise/knowledge provides theassessment/opinion…And who is a punter ?A person with money( hard earned/borrowed/black) and wants to makeit grow - fast…But they are of 2 types…1) few- very few- who know horseracing, handicapping, anduse `khabar' to their advantage…they are privileged…ordinarypunter can not compete with them…2) the majority- called’ public’, constituting the majority of punters are those who buy a race book before entering a racecourse and dream of winning a fortune…they are the backbone of horseracing…this, kind/category of punters are those who depend on tips, followtipsters and blame them when they lose…they pay peanuts and desire toown thoroughbreds instead of monkeys… (said by a thoroughbredbreeder )…but what's the truth ?IN early1970's a tipster, by the name – Galloper , used to chargeRs.20/- for a day's tip….gold was Rs 250/10gm. and real estate flats were sold at Rs.50/ toRs. 70/- per sq.ft. at Andheri(Mumbai)… today gold is sold at Rs.14,000/-per10 gm. and the minimum rate per sq.ft. at Andheri is Rs. 7000/-… atipster( say VM Dalal) still charges Rs.50/- for a day's tipwhile one of his predecessor charged Rs.20/- in 1970- 39 years back…what is that which most of these critics on a free forum want from a tipster or a blogger? By paying peanuts they want to own an empire-perhaps. Not monkeys??Not convinced ? OK …let me give you a real life example…Few years back, to be exact and to the point ,during 2003 Puneracing season ,RWITC in a rare show of wisdom announced a prizefor the best tipster of a PARTICULAR DAY… the announcement wasmade on 10th. raceday in September2003 and the 18th. raceday inOctober was the D day. I have written an article earlier onthis subject few years back and will not repeat it but will present only thesalient points…for details you may refer to my old posting on IR.com(not available now)…The study was carried out in the following way…The tipsters selected were from Mumbai and they were …1)Cole race card tipster 2)Cole track reporter3)Money Spinner 4)LuckySpinner 5)Times of India. I could not include others as I did not have data about them. TO EVALUATE ONLY THEIR FIRST CHOICE WAS CONSIDEREDthe prize money was a whopping Rs. 100,000/-On 10th.day ( the day of announcement of the prize) theirperformance was…COLE--COLE TR…MONEY SPINNER…LUCKY SPINNER...TIMES OF INDIAOn 10th. day the return on betting on their FIRST choicewas as follows-20 ……..-26 …………+ 12…………………-8…………………-16but after declaration of prize, their selections improved and on18th. day the return-16………-23………….+18………………….+6………………..-36except TOI every other tipsters ROI has improved inanticipation of winning the bumper prize..After the prize was won by Gujrat Samachar tipster, theperformance of ALL the above tipsters went down…what does it prove ? pay peanuts – get monkeys…
To quote a punch-line from the ‘bai’ of a TV channel ( [ V ] )
‘itne paise may itnaich milenga’
7/02/2009
6/29/2009
Indian vs foreign sires
all thoroughbreds in the world are the descendents of the 3 Arabian stallions brought to England in the later half of 18th. Century. Their offsprings gradually spread allover the globe and created thousand of sires and hundreds of sirelines in different countries including India. In the early part of 19th, century the sirelines and the stallions from England/Ireland were sought after, prized and had a virtual hegemony over the world thoroughbred indutry which continued till late 40’s of last century – with small hiccups produced by some French,American breeders and a Itallion called Federico Tessio who bred Nearco – the grandsire of Northern Dancer who ultimately changed the power center of the whole thoroughbred industry in the world..
In India during the 70’s alongwith imported stallions like Valoroso ( sire of legendary Squanderer) we had Grey Gaston , Riyahi, Everyday II etc. we had few Indian stallions like Red Rufus, Prince Khartoum and Prince Pradeep who sired many winners ,like Reprint (winner of 1000Guiness and Indian Oaks) and while foreign stallion bred, Squanderer was winning Indian Triple crown our Indian stallion bred were also winning important races like Reprint. Indian stallions did hold their position against the onslaught of imported stallions in mid 20th. Century in India, but gradually lost their hold against the imports and today while in USA in the list of 2000+ stallions, we hardly find more than 5% imports ; in India we have more than 95% imported stallions .
But ,this is not all ,none of the Indian stallion ,now, gets a quality (class I) mare to produce competitor and are literslly reduced to a laughing stock from the breeding stock !
Till mid 40’s exactly similar situation was prevailing in USA though their ‘local breds’ were regularly beating the progeny of ‘imported breds’. US breeders from 50’s switched over to their local stallions and the results are there for all to see . they have virtual monopoly over the world breeding scenario .
And where are we ? With almost 70 years of racing we can count Indian stallions on the fingers of one hand.
While Prince Pradeep got some of the good broodmares of his time and regularly produced classic winners, what did another recent Triple crown winner – Elusive Pimpernel or current sire Indictment was offered in their short career . Go through the records , the answer is all there , in black and white…
In India during the 70’s alongwith imported stallions like Valoroso ( sire of legendary Squanderer) we had Grey Gaston , Riyahi, Everyday II etc. we had few Indian stallions like Red Rufus, Prince Khartoum and Prince Pradeep who sired many winners ,like Reprint (winner of 1000Guiness and Indian Oaks) and while foreign stallion bred, Squanderer was winning Indian Triple crown our Indian stallion bred were also winning important races like Reprint. Indian stallions did hold their position against the onslaught of imported stallions in mid 20th. Century in India, but gradually lost their hold against the imports and today while in USA in the list of 2000+ stallions, we hardly find more than 5% imports ; in India we have more than 95% imported stallions .
But ,this is not all ,none of the Indian stallion ,now, gets a quality (class I) mare to produce competitor and are literslly reduced to a laughing stock from the breeding stock !
Till mid 40’s exactly similar situation was prevailing in USA though their ‘local breds’ were regularly beating the progeny of ‘imported breds’. US breeders from 50’s switched over to their local stallions and the results are there for all to see . they have virtual monopoly over the world breeding scenario .
And where are we ? With almost 70 years of racing we can count Indian stallions on the fingers of one hand.
While Prince Pradeep got some of the good broodmares of his time and regularly produced classic winners, what did another recent Triple crown winner – Elusive Pimpernel or current sire Indictment was offered in their short career . Go through the records , the answer is all there , in black and white…
fundamentals of horseracing-1
Few stray thoughts about horseracing…
let me start with some postulates which are true but have no scientific backup...
1) horseracing is a game of skill...
2) horseracing gambling is as risky as any other form of gambling...3) there will be more losers than winners in any game of gambling...
4) there will always be more losers in horseracing than winners ...
5) horserace gambling needs much more study, analysis, than other games like Poker ,card games, betting on cricket etc.
6) punters will lose because they do not know handicapping well...
7) it is human nature to blame others for your failures rather than accept it...
there are many more but I cannot carry on like this ,ad infinitum...
Most of the punters (nay losers) blame, while losing bet on a favorite, fixing of races by owner/trainer/jockey/bookie/mafia as the main reason for their loss. Punters and sometimes, even tipsters offer the opinion that jockey is the main culprit and a punter is helpless to face these 'deadly' combos....
well, I don't agree .I have said many times that since many years I treat horseracing as a business entity and gambling being an integral part of it , losses and profits will accrue to the participants (owners/trainers/punters and others associated with the game)...
An owner buys a horse by investing few lacs and spends roughly 1 to 2 lacs fot BTF etc. before he could start recovering his money ,maybe with profit (if lucky) and certainly has NO obligation to punters for the performance of his horse - neither his trainer or jockey has...
It is the raceclub and the clubs officials, stewards who are morally and LEGALLY responsible for the fair conduct of the race under their jurisdiction...we cannot and should not blame the owners,trainers and jockeys - blindly...in some cases they are blameworthy but not in all favs' losses...in late 80's and till mid 90's many of my owner friends gradually sold out their strings and changed over to pure punters as they could not afford to maintain their horses and make money...In retrospect I can confidently say that without proper application and understanding they went in the game and lost...
I don't believe that most races are fixed , yes few are manipulated - maybe 20 to 30 % but 70 % + races in India are still run and won on merit and you can make money out of these ‘open’ races, if you can spot them... but will you bet on Coceptual (8/1) against Arcidian(6/4) , or Jacqueline (7/2) against Gypsy Magic(6/4))... Very few will do that and therefore only few will win the races.
horseracing is a game where handicapping is of PARAMOUNT IMPORTANCE and not knowing it will lead a punter to a poor house in due course of time.Having bagful of money is no guarantee to be a winner in this game, with few hundreds in the pocket also you can be a winner.
chanakya
let me start with some postulates which are true but have no scientific backup...
1) horseracing is a game of skill...
2) horseracing gambling is as risky as any other form of gambling...3) there will be more losers than winners in any game of gambling...
4) there will always be more losers in horseracing than winners ...
5) horserace gambling needs much more study, analysis, than other games like Poker ,card games, betting on cricket etc.
6) punters will lose because they do not know handicapping well...
7) it is human nature to blame others for your failures rather than accept it...
there are many more but I cannot carry on like this ,ad infinitum...
Most of the punters (nay losers) blame, while losing bet on a favorite, fixing of races by owner/trainer/jockey/bookie/mafia as the main reason for their loss. Punters and sometimes, even tipsters offer the opinion that jockey is the main culprit and a punter is helpless to face these 'deadly' combos....
well, I don't agree .I have said many times that since many years I treat horseracing as a business entity and gambling being an integral part of it , losses and profits will accrue to the participants (owners/trainers/punters and others associated with the game)...
An owner buys a horse by investing few lacs and spends roughly 1 to 2 lacs fot BTF etc. before he could start recovering his money ,maybe with profit (if lucky) and certainly has NO obligation to punters for the performance of his horse - neither his trainer or jockey has...
It is the raceclub and the clubs officials, stewards who are morally and LEGALLY responsible for the fair conduct of the race under their jurisdiction...we cannot and should not blame the owners,trainers and jockeys - blindly...in some cases they are blameworthy but not in all favs' losses...in late 80's and till mid 90's many of my owner friends gradually sold out their strings and changed over to pure punters as they could not afford to maintain their horses and make money...In retrospect I can confidently say that without proper application and understanding they went in the game and lost...
I don't believe that most races are fixed , yes few are manipulated - maybe 20 to 30 % but 70 % + races in India are still run and won on merit and you can make money out of these ‘open’ races, if you can spot them... but will you bet on Coceptual (8/1) against Arcidian(6/4) , or Jacqueline (7/2) against Gypsy Magic(6/4))... Very few will do that and therefore only few will win the races.
horseracing is a game where handicapping is of PARAMOUNT IMPORTANCE and not knowing it will lead a punter to a poor house in due course of time.Having bagful of money is no guarantee to be a winner in this game, with few hundreds in the pocket also you can be a winner.
chanakya
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