My name is Scott Daniels and this is my horse racing and betting blog. I'm forever browsing the internet for articles, videos, and links to other cool web sites about horse racing or betting. When something grabs my interest, this is where I post it for future reference. I hope you'll find something that inspires you here too...
Laconi.ca/Identi.caTumblrBloggermetaweblogSearch
How to use the Racing Post to create profitable betting systems
If you're a betting systems enthusiast watch this video by Matt Bisogno. He explains how to conduct basic trainer research to find profitable betting angles and to create your own mini betting systems.
5 Ways To Grow Your Betting Bank
As the well-known adage goes "The definition of insanity is to continue doing something the same way, and expect a different result."
Personally, I've already resolved to cut down on all the 'fun bets' I've got this regrettable habit of making on impulse. Rather than trying to stop these kind of bets altogether, which I've tried to do in the past (and failed abjectly) this year I have set aside a small, seperate bank of just £200.
This relatively small fund will be my 'play money' but once it's gone, it will be gone. We'll see how much of the money is left come next Christmas.
You may have decided to finally knuckle down and properly record all your bets on a computer spread-sheet, and no exceptions.
It may be you've come through a season and returned a profit. Congratulations! Perhaps now it's time to consider expanding your portfolio of betting strategies, or investing in more learning?
Everyone will have their own individual situation, but I hope you might allow me to suggest some ideas to help you grow your betting bank in 2012....
#1: Make a personal commitment to your education
To have an edge in the betting market you only need to know more than the average punter, so it makes real sense to improve your knowledge of betting. Increasing your knowledge will likely have a directly positive effect on your betting bank. Learning more about horse racing and betting theory (for example) will help you come up with more ideas for 'angles', whilst aiding you to make accurate judgement calls on which will work, and which will not hold water.
A good place to start your learning is by joining the communities at one or more horse racing and betting blogs, such as GeeGeez or SkyBlueKangaroo
You can also pick up on other punters' experience in betting forums such as Punters Lounge or OLBG
An excellent online betting course is Puntology by Michael Wilding, although I think it is currently closed to new subscribers. Worth checking back at Michael's site in future though.
#2: Develop your own winning portfolio of betting strategies
I'm a firm believer in the concept of spreading your risk with a diverse portfolio of betting systems, tipsters, and methods. The subject of betting systems is covered in tip #4 below, but the thorny area of finding a good horse racing tipster is what I want to examine here. If you look long and hard for racing tipsters, you will eventually find half a dozen who regularly perform for their members.
But this path to discovering profitable tipsters will be littered with disappointments and expensive trials, as well as taking up your time.
An option is to let someone else do all that time-consuming exploration malarkey for you. Your best options for tipster monitoring would include theTipsterSite.com and Racing Index
#3: Use 'Matched Betting' and help yourself to free bets
Most gamblers know what bookmaker bonuses are... when you sign up to betting sites, you get deposit bonuses and other similar cash incentives. The problem is that many people don't think you can keep doing these – once you've got a deposit bonus there's nothing else you can do at that bookmaker, right? Basically, you're turning down free money if you’re not already doing this.
By implementing a fairly simple process you can (legally) extract hundreds of pounds in bookmaker bonuses. For more information on this join up with Bonus Bagging and you'll get most of the hard graft done for you.
#4: Create your own horse racing betting system
Horse racing betting systems provide a relatively simple way to make money from betting on horse racing. However, not all betting systems are profitable, and no one system will produce returns ad infinitum.
The good news is that uncovering your own system that's more than likely to work, at least over the next season or so, has never been easier. Take a look at this video for an insight into creating your own betting systems.
#5: Join Mathematician Betting
My final piece of advice today delivers a double-whammy. Guy Ward provides profitable tips and gives you an education in betting too. You won't find yourself blindly backing horses when you join Mathematician Betting. You'll get excellent recommendations, but you'll also get reasoned explanations behind each bet.
If you're smart, you will not just read his messages and back the horses he recommends, but inwardly digest his mthods. That way you can learn heaps by following Guy Ward.
Take a look at the Mathematician Betting web site.
Owners Insight: Prize Money A Distant Dream
With positive reports coming out of John’s yard about the youngster we decided to take the plunge. After all we had not set the bar very high with our first venture into ownership and figured things could only get better!
Reflections on Denman: Courageous and Brave
Betting Systems: How Combining Return On Investment, Profit, and Success Rate Can Help You
You've probably spent time in the past evaluating betting systems and horse racing tipsters to decide whether a system is worth buying, or the tipster is worth following. For me, when I'm trying to decide if a series of selections are worth betting on, I like to include Return On Investment, bottom line Profit, and Win Strike Rate in my analysis.
What do I look for in my selections?
The first task I undertake is to examine the profit levels. We should be sorting then evaluating the most profitable selections first. It's only when we have the most profitable selections to hand that we then move on to assess the ROI and strike rate.
Low strike rate selections can make very good profits. By low strike rate I mean anything less than 10%. However, low strike rate and long, painful losing runs often go hand in hand. A continuing run of losing bets can be stressful, and it's natural that most find it difficult to stomach. You start to lose confidence and get more and more concerned as the days go by without a winner.
Therefore I would encourage you to put aside any methods or strategies with a success rate of less than 10%
But note I didn't say discard such systems - just put them aside for the time-being - you can always bring them into your betting portfolio once you're more immune to losing runs.
The higher the strike rate then the better our selections. That's logical. A higher strike rate suggests we are more accurate in our prediction of the winner. However, usually you will experience a lower profit figure, the higher the strike rate. So this is when we also become interested in ROI.
When we calculate the ROI we can see where we are making more money per bet struck.
This is what I have found from past experience....
1. High profits, linked with a low strike rate, low ROI and a large number of selections
2. Medium profits, linked to a medium strike rate, medium ROI and medium number of selections
3. Lower profits, linked to a higher strike rate, high ROI and a smaller number of qualifying selections
Your betting temperament will dictate which methods you are drawn to, and which betting systems suit you best. The majority of punters will choose #1 but in reality your average horse racing enthusiast is only prepared psychologically for #3.
It's important you're aware of how you react in the face of a protracted losing spell. Are you happy to see just one winner for every ten bets placed? Or would you be more comfortable sacrificing some profit to win three out of every ten?
To answer this question I would suggest that you first ask yourself ‘Am I already seeing good returns and profits from my betting?’
If the answer is 'Yes' then you may be ready to proceed to #2 or #1.
If you're relatively new to betting, or perhaps you've struggled before to make consistent profits, then my advice for now would be that you look for selections that have a high ROI and high strike rate with less selections.
This will help you on your path to betting success. Losing streaks will be shorter, it will be easier to place the bets, and you should find it easier to maintain your condidence and discipline.
When it comes to being a successful punter it's not just about the profits. It is about having the mental toughness to cope with the losing runs without losing your bottle. Start by accepting they do happen, and regularly. Then acclimatise yourself gently by taking less profits, and then build up slowly. If you can get comfortable with #3 selections then it will not be too long before you're emotionally prepared to start betting on #2 selections.
FINAL REVIEW: Assured Soccer Profits
Although £89 may seem on the expensive side, I have rarely seen so much quality information accompanying a system/strategy.
Horse racing systems versus betting systems
Have you been trying to make a profit by betting on horse racing? It really doesn't make much difference whether you're betting on the Group 1 classics or point-to-point, flat racing or National Hunt jumps races, turf or the all-weather, it is all but impossible to make a significant amount of money by rating horse races. I'm sure if you've been trying to make money playing against the bookmakers then you know what I mean. Thousands of punters spend a lot of time and effort trying to beat the races every day.
There is the school of thought that suggests that the game of betting is all about finding winners. They summize that if you can just pick enough winners, then you'll surely make a profit. The thing is, nothing could be further from the truth. Unless of course you're able to highlight the winner of each and every single race that you analyze. And seriously, that just isn't about to happen any time soon.
Earning a living from punting is a matter of understanding probability.
Two questions matter most: What is the likelihood the horse will win? What is the return if it does win? This is what matters. For sure, you have to exercise your skill to calculate, or rather estimate, the horse's chances. But you must also have a firm grasp of the money angles. The first part of the game is about race rating, and part two, which is equally as important, is in deciding whether or not a bet is a good bet or a bad bet.
A race rating system involves evaluating the horses. Whereas a betting system is much more to do with evaluating the actual bet itself, and assessing whether it offers 'value'. In other words, do you think the odds are in your favour?
Whilst a race rating system should return a profit just as long as you employ prudent money management strategies and know when to use it, and when to use a different system, a betting system only looks at the actual probability and the payoff.
For example, a punter who uses such a system may be of the opinion that a horse offered at odds of 2/1 only has a 25% chance of winning. Or conversely, perhaps a horse at 10/1 has a realistic 20% chance of winning. This punter may shop around the bookmakers or betting exchanges to see if he can secure a bet at odds higher than the actual probability suggests.
That's an example of a betting system. The punter doesn't have to rate the race, and he may not even be aware of the horses' names, or the jockeys riding. If the betting system is based upon statistics, it should work. But statistics and trends are by their nature transient. They do change and are limited in their accuracy to predict the future within a range of numbers. That is why no system will win every time, be it a betting system or a race rating methodology.
The race rating method, however, will usually rely more upon judgment by the user. Whereas a betting system will often be mechanical in nature, with rigid rules and filters.
The success depends entirely on the punter and his skill, experience, and judgment of when to employ the system. In the long run, betting systems, because they address the fundamental question of profitability, tend to be more profitable.
If you want to learn more about betting systems that work you'll find explanations of various race rating methods, as well as betting systems, at the horse racing and betting systems blog SkyBlueKangaroo.com
Mission Impossible: Beating the roulette wheel
Many of these will have fancy algorithms that monitor the numbers and are able to make predictions with ‘stunning accuracy’ on what’s coming up next. Often they will be ‘taking advantage’ of the casino’s own computer algorithms and beating the computer at its own game.
