|Horse racing and
Punt to Win
Everything You Need to Know About Horse Racing Betting Systems
Horse racing betting systems responsibly marketed can provide you with some good ideas to play around with, though purchase may be a rather expensive way of obtaining ideas in print that you could have possibly thought of yourself.
But plenty of horse racing betting systems are not responsibly marketed. They claim outrageous profits on turnover which the marketers surely know are not sustainable. They claim outrageous profits on turnover which would make them worth tens of thousands of dollars if even half those profits on turnover were to continue.
Does it seem right to you marketing a racing system for a couple of hundred dollars and at the same time claiming hundreds of per cent profit on turnover? Would would give away such a gold mine for a couple of hundred dollars?
Some marketing methods are primarily aimed at people who know nothing about horse racing - novice punters, the lazy or the greedy.
Many years ago when I started to develop more than
a passing interest in horse racing I thought it must be possible to make
money betting on the animals. I also purchased a number of slickly marketed
horse racing betting systems at that time. At the time I assumed
there were laws that prevented people from making inaccurate claims, so I thought the racing systems would continue to win money after I purchased them.
One thing that did arouse my curiosity was how these systems' past results always started sensationally with huge winners from day one. That never happened for me.
Another thing that aroused my curiosity was how many
systems ended up being based upon just around 100 final selections from
several years' results at say a 25% winning strike rate.
I purchased racing systems with blurbs telling you that systems do win and that it's the users' fault when they don't - such as missing that winning bet because they're having a drink, or such as stopping betting with the system when it has a few losing bets and so missing out on the system's future winners. Guess you've got to just keep betting and losing when the system doesn't work!
That cost me money and taught me a few valuable lessons:
1. Don't automatically assume anyone will give away for a few dollars a method they really believe will make substantial profits in the future.
5. It also hit home that it was possible, no matter
how much one tries, to be unable to develop good horse racing form analysis
skills. It's just like to some students, no matter how much they try, calculus
and applied maths will not make sense, while they are able to coherently
write about and discuss history or English literature. It's just like
some people will not be able to develop the skills needed to be a lawyer
or a good school teacher or a portrait artist and so on.
Fortunately, after many hours of hard work, I was able to successfully develop my own form analysis skills. During this process I also came to realise that for years I had been led the wrong way by many in the horse racing media. When I was a novice I just assumed that they all were experts on horse racing and form analysis. They sounded so self assured and knowledgeable.
Anyway, I digress. Marketed horse racing betting systems claiming hundreds of percent profit on turnover of course appeal to our greed and dreams of making easy money without having to do any work. But from what I have seen punters end up paying money for what are often no more than just a list of past results, using rules specially made to get those results.
How is a horse racing system made?
Well I'll tell you how. For a bit of fun, I devised a system that made over 100% profit on turnover. Then with a staking plan designed to fit the results turned a few dollars into over $100,000.
6. Make your system stake 5% or 10% of the bank on each race day no matter how many bets you have. That way, on the days where you only have one or two bets and they win, you clean up because you have big bets on them. Of course we know that sort of staking will probably not work in the future. Imagine having 10% of your bank on a number of losing days where you have that 10% on just one selection which of course loses. Then imagine also betting 10% of your bank on days where you have 10 selections and five win. Those winners will just be staked 1% each of your bank!
Now all I had to do was sell the system, which of course I didn't, because I knew it wouldn't work. Here's how it could have been sold:
7. Punters for years have wanted to see lists of past results, profits and strike rates. You meet their demands. Give your system an attractive name. Supply an exciting list of past winning results with a great strike rate on a nice glossy brochure. Add in your amazing new "special form factor" that you have discovered. Show how a small bank turns into a betting fortune. With any luck you'll watch the dollars roll in that you know you'd never get in the future yourself from using your system.
8. Also, of course, watch your system most likely collapse. But you've made your money. Now it's time
to invent another horse racing betting system based on another exciting new "special form factor" and sell it to more punters. Maybe even plenty of the punters who bought your last system will purchase your new system. Punters don't easily give up on the search for that winning money making horse racing system pot of gold at the end of the rainbow.
This edition of Punt to Win:
Brilliant Saturday - $61.90 Winner & $9,046.90 First Four!!!
Saturday, 18th. April, 2015 was another brilliant
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|Disclaimer: This site covers various aspects of horseracing in Australia. We provide betting tips, online gambling strategy and links to many thoroughbred sites. OZmium Pty Ltd is not responsible for the content of the links and also accepts no liability for financial loss or misadventure caused by the information provided here. We strongly recommend you bet within your budget and only with money you are prepared to risk.|