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11/7/2003 edition

Horse Racing Betting Myths

Horse racing betting myth:
Don't bet on wet tracks

Regular Forum contributor "osulldj" has posted many valuable betting tips which show that the "betting rules" that many punters accept are just betting myths that help them lose.

Here is an interesting post in the Horse Racing Forum from "osulldj". It was posted on the 4th. July this year.

"...There's no reason why anyone shouldn't bet on wet tracks....it's really just another myth....another so called gospel rule that someone theorised about, I suspect without any real practical profit making experience behind them.

To give an example, if you backed every favourite on a Saturday this year (to 31st. May) where the race was held on a slow or heavy track, you would have made a profit of 1.7% on turnover. Fast and good tracks produced a loss greater than 10%.

That doesn't show that wet tracks are necessarily better or that you should start backing wet track favourites.

But there is nothing that says you should stay away from a wet track. If you apply common sense form analysis there is no reason why you can't be successful betting on wet tracks.

"Angel", your concepts that a horse with proven form in a given track condition will perform better than a horse that has its proven form on different track conditions is true to some extent.

What is more true is that there is less risk in backing a horse with proven form in the going than a horse that doesn't. However, the market will generally compensate for these factors and the profit position at the end of the day would be no different if theoretically that was the only difference between the horses."

This edition of Punt to Win:
Comment - Cox Plate admission is over the top
Betting myths - wet tracks
Betting myths - horses dropping back in distance
Betting favourites in small fields
Handicapping tips - weight and class
Money talks - Rosehill betting tips from the track
Money talks - Flemington betting tips from the track
Money talks - Sunshine Coast betting tips from the track
Money talks - Cheltenham betting tips from the track
Future winners - unlucky horses
Punt to Win 4/7/2003
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