Friday, 8 November 2019

If Bill Gates & Warren Buffett were Gamblers

When Bill Gates first met Warren Buffett, their host at dinner, Gates’ mother, asked everyone around the table to identify what they believed was the single most important factor in their success through life. Gates and Buffett gave the same one-word answer: “Focus.”

Being a successful gambler is exactly the same. 

I have said many times before that principles, discipline and focus are even more important than simply picking winners. 

That is why it is so important to have your own niche. I mean, you may have a liking for a little bit of everything but you know there simply isn't the time to be the Jack of all trades. Do you really want to be the master of none? 

The Flat turf season is just about to conclude (8th November) and I'm looking forward to getting stuck into data analysis for each and every trainer. This helps focus the mind and makes it easier (if that's the word) to pinpoint horses with a better than not chance of winning. It is all about looking in the right direction. And understanding for a horse trainer where the winners start and end is very important. Each potential losing bet may have a very good reason why you shouldn't be betting. Often that comes from a quick look at the facts and figures. 

Of course, all horses are there to defy the odds. That's why every favourite doesn't win. Unless you are a backer of the good old jolly you should be thankful those outsiders pop up here and there. 

I think one or two fancy-priced winners throughout the season can make the world of difference. 

Focus is one of the key factors in keeping you on the straight and narrow. It's like shooting at a target. If you are looking to the right or left, you are likely to miss the objective. 

Good luck to all.