Many of my business partners are into golf but what is the more surprising is that a good percentage of them are also taking a liking to horse racing.
I always assumed that from a certain point of view, business and horse racing don’t really go together well.
But last week I had a long talk with Andrew and he convinced me that this is far from the truth. In fact, he showed me what business strategies and successful betting at the horses have in common.
Andrew explained to me that there is not that much a difference between putting a chunk of money into a business and hoping for a return and betting at the races. Both things imply a certain amount of risk and both things can be mastered.
“Horse racing is not entirely a gamble like a lottery”, he told me. “With a lottery you cannot predict the numbers. If you play a lottery you need to rely on your luck only and can’t influence the outcome”.
He said that there are certain strategies that you can apply to win at the horses more often: “I would be a fool if I were just to bet without a system. When I invest in a business I also do my research before I put some money in it. And talking about horse racing, you can do research there too to increase your odds. It’s as simple as that.”
He told me that he got a subscription for horse racing betting and that he only uses those horse racing tips when he goes to the track and never bets just randomly as most other people do.
“This is the difference”, he told me. He said that this is a very smart way to do it since with such a good racing tips subscription he doesn’t really need to spend a lot of time on studying the horses. “Why should I spend time on that if I can get the horse racing tips for a bit of chump change? You see, like in business it’s about making smart decisions and then apply those strategies that work”.