One of the things about punting is that you often learn the hard way. Having said that, it’s better not to. For novice punters some things you see on social media, on-line or indeed learn from wise old sages may seem sensible but they really aren’t. One of those that isn’t sensible is betting following retrieval staking plans.
A good lesson to also learn is always take notice of ‘Wise Old Sages’ footwear, if they are plastic or have holes in, treat any advice with caution. I hadn’t learned the ‘shoes’ lesson when I met ‘Barry’ in a betting shop. I was in awe of him, ‘Barry’ had a wad of fifties and by his own admission he earned his living beating the bookies. He also wore scruffy old daps.
Being in awe of ‘Berry’ I got to know him, hoping to learn the art of winning off the bookies as he appeared to. The trouble was he always kept his bets secret, only ‘Aye Ayeing’ them when they won. One day though he invited me to his house, dug out an accounts book and said he was going to let me into a secret way of making money punting. I had to keep it to myself because we didn’t want all of the shop doing it. Blimey I was in.
Each page in the partially filled ledger showed a modest but consistent plus figure of money won. Marvellous, just what I was after. ‘Barry’ was going to let me in on the ‘Golden Goose’. You didn’t need to study form it was all about staking. The plan was simple, the aim was to win £1 per race plus previous losses. You just followed ‘Man On The Spot’ in The Sporting Life, he was the top man and put up lots of winners. I’d soon be giving up my job at the local Poultry Processing plant and the £70 a week it paid to go pro-punting. As there were often only two meetings a day on mid-week so I’d start by trying to win a fiver a meeting plus a pound a race, £11 a meeting, £22 a day, more on Saturdays. The idea was so stick £10 a day in the building society so I could eventually up my stakes, save for a car, buy a nice house, and the rest would pay for my pro-punter lifestyle, and my mum’s lodge money.
The more I looked at the figures in ‘Barry’s’ book the more convinced I was. There was no time to lose I’d be the man the bookies feared, would probably have to move around shops just to get on and all that sort of thing. I jacked my job in, I didn’t bugger about in those days, in for a penny in for a pound, with my last wage packet for my tank, minus my Mum’s lodge of course, I set about my new life.
For about 10 days it went really well, my building society book was filling up nicely, there had been a few times where Man on the Spot had the odd run of losers but I knew it was only a matter of time before he hit a winner and it was money in the bank. What I didn’t know was that it was actually only a matter of time before I lost all that I’d won and then some. When it was all going well, isn’t it weird how tipsters, systems etc always start well, I even lent ‘Barry’ who had been having a ‘bad run’ £100 so he could get back on his feet and get involved in the system too. I hadn’t thought to question why he’d stopped using this remarkable money-spinner in the first place.
It happened during a big meeting, Glorious Goodwood if I remember correctly, Man on the Spot hit a terrible run. That run straddled a night of sleepless worry, my misery was extended because some of his selections were big prices so my stakes and tank held out, but none obliged. ‘Luckily’ I had my building society book so was able to dash to it and draw everything out to have on the next bet, that lost, I was potless and heartbroken as the betting world charged on around me and ‘Barry’ nowhere to be seen.
Just imagine if I’d been able to bet on-line with a credit card and had the ‘guts’ to keep going.
No don’t, it doesn’t bear thinking about. I got away with it relatively lightly.
Punters, regardless of your selection method or variation of retrieval staking you use. Sooner or later a logic defying losing run is inevitable and you will get knocked out, the braver you are the more you’ll do. Don’t get involved.
PS ‘Barry’ still owes me that £100 and he still wears daps.
Simon Nott is author of:
Skint Mob! Tales from the Betting Ring