Horse Racing Selection
Horse racing selection is gambling, not investing.
But so is buying shares or cattle or sowing a crop or buying a McDonald's franchise.
Almost everything in life is a gamble - more so with money matters.
With gambling comes risks and nothing is ever 100% guaranteed to work.
However, you can dramatically reduce your risks by taking calculated risks only.
Calculated risks are based on sound research and evidence, not intuition or luck.
Unlike other gambling ventures, horserace wagering does not fully rely on chance.
The better informed the player is, the better chance he/she has at making money! Four Things You Should Know About Horse Racing Selection 1.
Analysis of Thoroughbred Racing Terms It is important to understand the plethora of betting jargon.
These include terms like:- Horse Number, Field, Barrier Draw, Form, Distance, Weight, Track Condition and Favourite.
We also have various race types, such as Open Handicap, Cup Race, Maidens, Class 1,2,3,4 etc, Three Year Olds, 2 year olds, Weight for Age, Welter.
Some of these can be combined with horse gender, such as "3 year old Fillies & Mares".
You should never try to guess your way through reading a horse's past performance as getting correct information is vital.
The information is needed to carefully select winning horses and acquiring wrong information could be fatal to your investments.
2.
Evaluation of Common Betting Types WIN BET - you select a horse to win.
Win bet dividends are usually high.
PLACE BET - you back a horse to come first, second or third.
Dividends are normally lower than what you would get from a win bet.
A benchmark would be about one-third the win price.
QUINELLA - where you choose two horses in a race to finish first and second in that order.
A boxed quinella is where you choose two or more horses to run in any order.
TRIFECTA - you need to choose all the horses that will finish first, second and third in that order.
A boxed trifecta is where you choose three or more horses to run first, second and third in any order.
DOUBLES - you choose winners from two different races.
TREBLES - you select winners from three pre-chosen races.
3.
Strategies for Consistent Winning The easiest way to greatly improve your chances of winning at the races is to simply do the opposite of what all other unprofitable punters are doing.
So just what do these unprofitable punters do apart from the obvious i.
e.
lose money? Here are some of the classic characteristics of long term LOSING punters: (a) They don't have a good plan.
Without any doubt, having a good plan is the basis of all successful ventures.
In racing a good plan means knowing the amount of money you would like to make over a period of time and the exact steps needed to achieve your plan.
(b) Not having enough patience.
They want to make too much, too quickly.
This is usually evident from betting on too many races.
(c) Not being consistent enough.
Even when an unprofitable punter finally finds a highly profitable system, he or she generally stops using it after a few losses.
Every system has losing runs.
Successful punters know that these losing runs are not to be taken seriously and they are just part of making money from racing.
Even multi-billion dollar co-operations don't make money every day of the year! (d) Being too greedy.
A reckless punter's first motive after a loss is to try and re-coup the loss.
This action usually leads to more losses, as good money is thrown in after bad, the limited funds do run out.
(e) Not being disciplined enough.
Betting with a good plan, having lots of patience, being consistent and not being greedy are worthless unless you can follow them strictly.
4.
Knowing How the Betting Market Works Contrary to the belief of many, the betting market is actually your friend, not your enemy.
When you lay a bet, the agency simply takes a certain portion out as its profit and puts the rest towards the betting pool of the type of bet you lay.
Let's say you bet $10.
00 to win.
The betting agent would take a portion out of the $10.
00 and put the rest towards the win pool of that race.
So it really doesn't matter how much money you win, as the betting agent can never go broke by paying out winners.
Some punters think that other punters are their enemy.
This is again far from the truth.
The fact of the matter is that there are no enemies in the betting business.
Not even a great recession could stop you from earning a living from racing.
How to Bet on Favourites For a Living If you have followed horses in the past, you would have noticed that every so often you get a far superior horse ending up lining against a relatively weak team of horses.
These strong horses that are outstanding compared to the rest of the field are called 'Hot Favorites' or 'Super Hot Favorites'.
Although they are such, they don't always win.
There are several other factors that affect how well they will perform regardless of how superior they look when compared to the rest of the field.
We want to identify these horses and then apply a set of rules to eliminate any 'Risk Factors' they may carry.
Generally hot and super hot favorites don't pay high dividends.
However these small payouts accumulate very quickly when used with a staking plan and develops into an excellent investment program with a very high strike rate.
You do not need to settle for low dividends even if you use the tote.
You can look for value and bet only if the qualifying horse is paying $1.
40 - $1.
60 for a place, but of course, this will mean less bets placed because you are being more choosy.
How to Identify Favourites All races have at least one favorite horse.
The favourite is the horse that most of the betting public, voting with their punting dollars, expects to win.
On the tote agency, it will be the runner with the lowest dividend at the time the race jumps.
Often the favourite can change within the last five minutes before a race starts.
You do not want to be interested in such horses.
A Hot Favourite on the other hand, is the same as a favourite with the additional factor that almost all the panel of tipster experts have selected this horse to win.
You will see a substantial gap between the hot favourite dividend and the next favoured horse, on the tote agency.
You should be interested in Hot Favourites.
A Super Hot Favourite is basically a favourite, but even the newspapers are saying how easily the horse will win.
You should be interested in Super Hot Favourites.
It is unlikely that you will find any more than three races at any one race meeting containing hot or super hot favourites.
So now you know where the reliable money is - hot favourites and super hot favourites - for a win/place only.
Smaller returns yes, but much more reliable and consistent, providing you add to the above the SEVEN RULES that make all the difference to your strike rate.
Add these rules, apply them with discipline and patience and you can be confident of an average strike rate of around 96%.
But so is buying shares or cattle or sowing a crop or buying a McDonald's franchise.
Almost everything in life is a gamble - more so with money matters.
With gambling comes risks and nothing is ever 100% guaranteed to work.
However, you can dramatically reduce your risks by taking calculated risks only.
Calculated risks are based on sound research and evidence, not intuition or luck.
Unlike other gambling ventures, horserace wagering does not fully rely on chance.
The better informed the player is, the better chance he/she has at making money! Four Things You Should Know About Horse Racing Selection 1.
Analysis of Thoroughbred Racing Terms It is important to understand the plethora of betting jargon.
These include terms like:- Horse Number, Field, Barrier Draw, Form, Distance, Weight, Track Condition and Favourite.
We also have various race types, such as Open Handicap, Cup Race, Maidens, Class 1,2,3,4 etc, Three Year Olds, 2 year olds, Weight for Age, Welter.
Some of these can be combined with horse gender, such as "3 year old Fillies & Mares".
You should never try to guess your way through reading a horse's past performance as getting correct information is vital.
The information is needed to carefully select winning horses and acquiring wrong information could be fatal to your investments.
2.
Evaluation of Common Betting Types WIN BET - you select a horse to win.
Win bet dividends are usually high.
PLACE BET - you back a horse to come first, second or third.
Dividends are normally lower than what you would get from a win bet.
A benchmark would be about one-third the win price.
QUINELLA - where you choose two horses in a race to finish first and second in that order.
A boxed quinella is where you choose two or more horses to run in any order.
TRIFECTA - you need to choose all the horses that will finish first, second and third in that order.
A boxed trifecta is where you choose three or more horses to run first, second and third in any order.
DOUBLES - you choose winners from two different races.
TREBLES - you select winners from three pre-chosen races.
3.
Strategies for Consistent Winning The easiest way to greatly improve your chances of winning at the races is to simply do the opposite of what all other unprofitable punters are doing.
So just what do these unprofitable punters do apart from the obvious i.
e.
lose money? Here are some of the classic characteristics of long term LOSING punters: (a) They don't have a good plan.
Without any doubt, having a good plan is the basis of all successful ventures.
In racing a good plan means knowing the amount of money you would like to make over a period of time and the exact steps needed to achieve your plan.
(b) Not having enough patience.
They want to make too much, too quickly.
This is usually evident from betting on too many races.
(c) Not being consistent enough.
Even when an unprofitable punter finally finds a highly profitable system, he or she generally stops using it after a few losses.
Every system has losing runs.
Successful punters know that these losing runs are not to be taken seriously and they are just part of making money from racing.
Even multi-billion dollar co-operations don't make money every day of the year! (d) Being too greedy.
A reckless punter's first motive after a loss is to try and re-coup the loss.
This action usually leads to more losses, as good money is thrown in after bad, the limited funds do run out.
(e) Not being disciplined enough.
Betting with a good plan, having lots of patience, being consistent and not being greedy are worthless unless you can follow them strictly.
4.
Knowing How the Betting Market Works Contrary to the belief of many, the betting market is actually your friend, not your enemy.
When you lay a bet, the agency simply takes a certain portion out as its profit and puts the rest towards the betting pool of the type of bet you lay.
Let's say you bet $10.
00 to win.
The betting agent would take a portion out of the $10.
00 and put the rest towards the win pool of that race.
So it really doesn't matter how much money you win, as the betting agent can never go broke by paying out winners.
Some punters think that other punters are their enemy.
This is again far from the truth.
The fact of the matter is that there are no enemies in the betting business.
Not even a great recession could stop you from earning a living from racing.
How to Bet on Favourites For a Living If you have followed horses in the past, you would have noticed that every so often you get a far superior horse ending up lining against a relatively weak team of horses.
These strong horses that are outstanding compared to the rest of the field are called 'Hot Favorites' or 'Super Hot Favorites'.
Although they are such, they don't always win.
There are several other factors that affect how well they will perform regardless of how superior they look when compared to the rest of the field.
We want to identify these horses and then apply a set of rules to eliminate any 'Risk Factors' they may carry.
Generally hot and super hot favorites don't pay high dividends.
However these small payouts accumulate very quickly when used with a staking plan and develops into an excellent investment program with a very high strike rate.
You do not need to settle for low dividends even if you use the tote.
You can look for value and bet only if the qualifying horse is paying $1.
40 - $1.
60 for a place, but of course, this will mean less bets placed because you are being more choosy.
How to Identify Favourites All races have at least one favorite horse.
The favourite is the horse that most of the betting public, voting with their punting dollars, expects to win.
On the tote agency, it will be the runner with the lowest dividend at the time the race jumps.
Often the favourite can change within the last five minutes before a race starts.
You do not want to be interested in such horses.
A Hot Favourite on the other hand, is the same as a favourite with the additional factor that almost all the panel of tipster experts have selected this horse to win.
You will see a substantial gap between the hot favourite dividend and the next favoured horse, on the tote agency.
You should be interested in Hot Favourites.
A Super Hot Favourite is basically a favourite, but even the newspapers are saying how easily the horse will win.
You should be interested in Super Hot Favourites.
It is unlikely that you will find any more than three races at any one race meeting containing hot or super hot favourites.
So now you know where the reliable money is - hot favourites and super hot favourites - for a win/place only.
Smaller returns yes, but much more reliable and consistent, providing you add to the above the SEVEN RULES that make all the difference to your strike rate.
Add these rules, apply them with discipline and patience and you can be confident of an average strike rate of around 96%.
Source...