Thursday, February 4, 2010
Additional Articles
1) Avoid the obvious as it will not pay long term!
Bookmakers create a 'book' on any race with many things taken in to account. From any horses recent form, to the popularity of the trainer; these factors go in to the reckoning and are returned with relative odds.
If you are prone to follow the crowd with regards which selections to follow, you are susceptible to poor value bets. A horse running for a stable that is known to fire in the maiden winners at three years old at a certain track or with a famous jockey on-board may well be allowed to race at a price below its actual real chance of winning.
It is imperative that you begin to understand when a horse is under priced and learn to make all your decisions based on your own homework. If you follow the the majority of the public that are keen to back any horse tipped up in the newspapers then you are probably long term going to struggle to actually win money betting on horse racing. The bookmakers love to get these horses beaten and they manage to far too often.
2) Steel yourself - Never bet emotionally!
In order to win over any long period of time, you need to either learn for yourself which bets to make or you may choose to follow someone else's selections. No matter what, learn to stay in touch with your selection criteria and learn that you must never bet emotionally! No matter how many favours any particular horse, jockey or race may have done for you. The formula to stay in profit long term looks something like this. Keep winning and AVOID YOUR LOSSES. Emotional bets lose full stop!
3) Use a separate betting bank! You never know you may lose it!
Learn from day one to completely remove the expense of betting by setting up a dedicated betting bank. Do not use money that may need in order to survive - so never bet to survive! If your bank is £100 divide it by 100 and you now have 100 points to invest in time. Set the rules and criteria for your staking plan and stick to them. For example you may agree that each bet is 2 points, or maybe 4, or a maximum of five. This method is highly recommended and a great way to protect your bank.
4) Paper trade your systems
Before launching an assault on the bookmakers satchels, remember they probably have been in this game longer than you! Most scenarios have the favour in their court, meaning it takes a good system or strategy to beat them consistently. If you decide to buy any system for betting on horse racing, be sure to learn it thoroughly before you decide to 'trade'. You need to master not only the methods of such systems, but also know that it is in profit!
5) Betting On Horse Racing Should Be Fun So Enjoy It!
Even if you do not follow the form and the industry daily, no matter what strategy you use in order to make money betting on horse racing; must be something that you really enjoy! Do not let yourself get angry or emotional if you lose a bet or two. Know now that every single WINNING system goes through a losing spell. If you have the correct staking plan in place then you will protect yourself against this scenario. Enjoy it, have fun but be sure that you never bet more than you can afford to lose.
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[Via Recreation & Sports]
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