The task of selecting the right horse, involved viewing the horses, their form guide and reading the event guide and if so desired, the relevant newspaper. I regret that on a table of 10 people, only one person picked a winner from the 6 races… you guessed it – that was me (twice!). This was a good case of beginners luck and whilst I went with a small budget, I ended the day with a smaller one.
It was fascinating to hear the excuses given about the jockey not doing the right thing, the horse being boxed in, a suggestion that perhaps the race was not entirely fair. Everyone was wise after the event, yet willing to take yet another punt on the next race. I am sure that the professionals or experienced horse racing crowd could demonstrate added advantage from their knowledge, but I could not help feeling that there was a significant degree of luck involved.
My suspicions about gambling (for me) were confirmed – I really shouldn’t. I also should not attempt to guess the outcome of things I know very little about. I am heartened by the fact that whilst selecting investment funds is no “walk in the park” I do have considerably more expertise and find it very different from gambling. Gamblers can lose a fortune, in the funds that I select, certainly the value can depreciate, but I never place someone in the position of being able to lose all their money. The rules of the game are completely different, ones with which I am thankfully very familiar.
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