Horse Race Betting – 10 Golden Rules by Roger Knight

When things go wrong – as sometimes they WILL then you will live to fight another day.

6) Bet only in situations where you think you have an edge.

10) Enjoy your betting

On soccer, London teams are often at shorter prices than the should be simply because so many of the country’s fans live in the capital and will emotionally back their home sides. An approach that works for one punter may not work for another. Take time to analyse an unexpected defeat and you may well see that a good opportunity is still just around the corner whilst the less wise majority have given up on him.

If you place small bets for fun on weekdays then at least try to take your weekend bets as a serious business with heavier wagers. If not then at the very least a dedicated paper notebook should be there to do the job.

3) Be flexible in your approach

Get a strategy and stick to it. Of course it’s tough to have to write down those painful losing bets when you’d prefer to forget them, but if you want to make a long-term success of betting you need a record of your failures as well as your successes. Just that you can afford to lose it if the worst should happen. Otherwise your betting will go nowhere.

Keeping records is ESSENTIAL. At the same time, however, do not close you mind to other possibilities. It doesn’t mean you have to be happy to lose it. Your bets should be guided by the VALUE that you can get from a win. Scientists only talk in probabilities. The most successful punters have no emotional involvement in the outcome of a sport. Don’t bet on whims. Ultimately there’s far more fun in consistently winning than haphazardly losing.

2) Remember there are no certainties.

Once you start staking amounts you can’t afford to lose your judgement will inevitably be affected. Keep a check on yourself and always try to be honest if you ever feel that betting is running away with you. The odds of winning the UK national lottery are 14,000,000 to one – but almost every week someone wins it. It also means you won’t have the possibility of a double disappointment if your favourite team loses and you also lose a bet.

As I said in part 1, there is no such thing as a certainty. Look for horse races or other bets where you think the odds on offer are more than they should be for the true likelihood of winning – call these “Value Horses” – and you’ll have profits to be proud of over the longer term.

4) Keep a record of your bets

Decide on the maximum wager you feel comfortable with. Often the press will start writing up the chances of a two year old racehorse for the following year’s Derby or Guineas after only one or two good performances. There are many approaches you can study to back, lay, trade, arbitrage, bet in running, use software to enhance trading or staking. No matter how big a cert something looks, never bet your last penny on it. So punters will then start backing ante-post on emotion only. It is regarded as highly unlikely that the moon will crash into the earth tomorrow – but it is not impossible. You can profit from the folly of others.

9) Plot a strategy

8) Look for situations where others are betting emotionally.

To put it another way – just know when to STOP. Without keeping records you are shooting in the dark. That doesn’t mean you should be inflexible but do bet in a structured way.

There is more than one way to win in betting. If you’ve followed the other rules ‘though you won’t gave got into a situation where you are painfully losing money. Be prepared to stop and take stock. If you can use a spreadsheet such as Microsoft Excel or similar then that can help you to easily analyse profitable statistics. You can start to build up a picture of the bets that work for you and those that don’t. However much you may feel you are on to “a good thing”, only ever commit a small proportion of your available funds to it. A long losing run tells you you should change your system. If you want to watch a race or a match for the enjoyment of the game then do that without betting on it. So you need to make sure you are not thrown by turnarounds you were not expecting. It should be obvious, but never bet on your favourite soccer team just because you are desperate to see them win. However, there are opportunities when you can see that others are doing exactly that.

5) Don’t bet on emotion

7) Don’t let strange results throw you.

Betting on situations when you have an emotional envolvement is to be avoided at all costs. Experiment to find the approaches that work for your betting and then spend enough time with them to let them work over time. Also, there’s no thrill in putting your financeal future, or even your family’s financial future on the line.

If you study probability you will learn that absolutely NOTHING is impossible. The only way to stand a chance of winning over the long term is to have a consistent plan and to use a dedicated betting bank that contains no more money than you would be prepared to lose entirely in the worst of circumstances.

In times when everyone is looking for instant gratification there are plenty of times where punters are too easily deceived by a single good performance. Not just what you think is the likelihood of a win. You may make a modest profit this time but betting this way over the longer period will never bring you a consistent profit. If you ever feel you need councelling help to get back in control, take it sooner rather than later.

When using any horse racing system or horse racing tips, here are ten rules that will put more money in your pocket and keep it out of the hands of the bookies.

1) Never bet more than you can afford to lose.

That should be blindingly obvious – but sadly too many amateur punters just take a risk, hoping that this one will be the big win they need. Better still ‘though, cut out the “fun” bets altogether. If everyone else knows what you know then you can be sure the prices for your “sure bet” will be at their lowest. Week in week out, favourites that have been beaten last time out come home on their next outing. Betting should be a pleasure – but not an adrenaline rush. Among the free systems we’ll send you from you may well find two or more methods that, when combined together, give you the magic edge.

I said in part one that you shouldn’t bet with emotion. It infuriates punters, but they only have themselves to blame. On race day however, you may well find better value with other runners. . If you are following a really good race horse that gives you great expectations and he meets an unexpected defeat, don’t let that one event put you off backing him in the future

Amelia Woodward

Amelia Woodward

Hopefully you will now be less likely to fall for a system that doesn't work. There are systems that can and will bring you rewards but it is imperative that you know what you are buying first.
Amelia Woodward

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