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Horse
Race Betting - 10
Golden Rules
by:
Roger
Knight, reviewer:
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. 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.
Once you start staking amounts you can't afford to lose your
judgement will inevitably be affected. Also, there's no thrill in
putting your financeal future, or even your family's financial future
on the line.
Decide on the maximum wager you feel comfortable with. It doesn't
mean you have to be happy to lose it. Just that you can afford to lose
it if the worst should happen. Otherwise your betting will go nowhere.
2) Remember there
are no certainties.
If you study probability you will learn that absolutely NOTHING is
impossible. No matter how big a cert something looks, never bet your
last penny on it. Scientists only talk in probabilities. It is regarded
as highly unlikely that the moon will crash into the earth tomorrow -
but it is not impossible. The odds of winning the UK national lottery
are 14,000,000 to one - but almost every week someone wins it. However
much you may feel you are on to "a good thing", only ever commit a
small proportion of your available funds to it. When things go wrong -
as sometimes they WILL then you will live to fight another day.
3) Be flexible in
your approach
There is more than one way to win in betting. An approach that
works for one punter may not work for another. Experiment to find the
approaches that work for your betting and then spend enough time with
them to let them work over time. At the same time, however, do not
close you mind to other possibilities. There are many approaches you
can study to back, lay, trade, arbitrage, bet in running, use software
to enhance trading or staking. Among the free systems we'll send you
from freehorseracingsystems.com you may well find two or more methods
that, when combined together, give you the magic edge.
4) Keep a record of
your bets
Keeping records is ESSENTIAL. You can start to build up a picture
of the bets that work for you and those that don't. Without keeping
records you are shooting in the dark. 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. If you can use a
spreadsheet such as Microsoft Excel or similar then that can help you
to easily analyse profitable statistics. If not then at the very least
a dedicated paper notebook should be there to do the job.
5) Don't bet on
emotion
Betting on situations when you have an emotional envolvement is to
be avoided at all costs. It should be obvious, but never bet on your
favourite soccer team just because you are desperate to see them win.
Your bets should be guided by the VALUE that you can get from a win.
Not just what you think is the likelihood of a win. The most successful
punters have no emotional involvement in the outcome of a sport. If you
want to watch a race or a match for the enjoyment of the game then do
that without betting on 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.
6) Bet only in
situations where you think you have an edge.
If everyone else knows what you know then you can be sure the
prices for your "sure bet" will be at their lowest. You may make a
modest profit this time but betting this way over the longer period
will never bring you a consistent profit. 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.
7) Don't let
strange results throw you.
As I said in part 1, there is no such thing as a certainty. So you
need to make sure you are not thrown by turnarounds you were not
expecting. 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. Week in week out,
favourites that have been beaten last time out come home on their next
outing. It infuriates punters, but they only have themselves to blame.
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.
8) Look for
situations where others are betting emotionally.
I said in part one that you shouldn't bet with emotion. However,
there are opportunities when you can see that others are doing exactly
that.
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. 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. So punters will then start
backing ante-post on emotion only. On race day however, you may well
find better value with other runners.
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. You can profit from the folly
of others.
9) Plot a strategy
Get a strategy and stick to it. Don't bet on whims. That doesn't mean
you should be inflexible but do bet in a structured way.
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.
Better still 'though, cut out the "fun" bets altogether. Ultimately
there's far more fun in consistently winning than haphazardly losing.
10) Enjoy your
betting
To put it another way - just know when to STOP. Keep a check on
yourself and always try to be honest if you ever feel that betting is
running away with you. A long losing run tells you you should change
your system. 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. Betting should be a pleasure - but not an
adrenaline rush. If you ever feel you need councelling help to get back
in control, take it sooner rather than later.
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