|Horse racing and
Punt to Win
How to Win Money Betting on Horse Racing
Don't follow what everyone else is doing
To win money betting on horse racing you have to wager differently from the majority of punters. Let's face it. Unlike the stock market which is a positive sums game, though it might not seem like that at present, 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 betting turnover year after year after year. Just think about that. It is not 10% to 20% of a betting bank that is lost. It is 10% to 20% of betting turnover. So if a punter has a betting bank of $2,000 and has $2,000 worth of bets $400 can easily be lost. Have another $2,000 worth of bets and another $400 is lost.
One way of betting differently from the majority of punters is to always look for horses at or near double figure odds which you believe have been incorrectly ignored by most punters.
Assess the horse on:
Look for clues to help you like the jockey, 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).
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This edition of Punt to Win:
2011 Melbourne Cup Day
|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.|