Tips to Win Money Betting Horses

Don't follow the herd

To make money betting on horse racing you have to bet differently from the majority of punters. Let's face it. Unlike the stockmarket which is a positive sums game, betting on horse racing is very, very much a negative sums game. That means more money is bet on horses than is returned to punters in winnings. The average punter loses around 10% to 20% on turnover. Now that is not a pleasant figure at all.

One way of betting differently from the majority of punters is to look for horses at generous odds which you believe have been incorrectly ignored by most punters.

Assess the horse on:

1. What you believe the horse is capable of doing, not necessarily what it has been doing.

2. Ask yourself, "What is the likelihood of the horse performing to that level in the coming race?"

3. Look very carefully at horses with ability that are starting from wide barriers. Most media tipsters and punters automatically discard them because of the wide barrier.

4. Look for clues to help you like the jockey or jockey changes, record at the track, distance, conditions, and whether the horse is getting fitter. Horses early in their campaign are open to more improvement as they get fitter from racing.

5. Don't automatically dismiss horses carrying around 59kg. or 60kg. Again, plenty of media tipsters and punters discard them because of their weight. They are after all the class horses in their races.