|Horse racing and
Punt to Win
Here are some worthwhile betting tips and ways to start and monitor your own betting system.
"A few ideas:
# If you believe that you can maintain a strike rate above 80%, then place betting may be the way to go. If you can't see this happening then you should look at win betting.
# If you bet for a win, it all depends on your average dividend as to a required strike rate. My method is aimed at a strike rate above 30% and average dividend of at least $4. That equates to 120%, or profit on turnover of 20%+...
# With stats based systems, in my experience you need to construct one that has a set of rules that are not too rigid individually, but combined are powerful. By that I mean, if you have rigid rules they will knock out too many winners and you'll be left with hardly any good priced bets.
For every criteria such as last start position, I use two or three moderate rules which combined are powerful, but individually aren't too daunting for horses to achieve.
# When trialling, only trial on "paper" for a short period. The reason is, unless you place real money on selections you won't get a proper idea on how accurate the system is. That's because when you have marginal selections, one can cheat a little and include marginal winners, and exclude marginal losers. You'll have some horses which are on the border of being selections and you won't know whether to include them or not.
But if you have to place real money on them, your results will be clear cut. I'd suggest placing small bets at the beginning, say $1/race. So if your system doesn't work too well, it doesn't matter much. If your system shows promise, then start increasing your bets, steadily.
But don't go from betting $1/race to $50/race in a week, unless you can afford it, cause many systems have bad weeks and you don't want to give away a few hundred dollars straight away.
This edition of Punt to Win:
2005 Melbourne Cup Carnival Winners
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