28/7/2012 edition

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:

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

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).

Another way of betting differently from the majority of punters is to look for horses with good winning form at generous odds which you believe have been incorrectly ignored by most punters. for example, Prince Of Capers, a last start winner at Caulfield and in very good form won again at Flemington last Saturday and paid tote odds of $7.30. It comfortably beat the $3.50 favourite, Noble Park, which was all the rage, being plunged from $5.00. How many punters would have been turned off Prince Of Capers, which eased in the betting from $5.00, and put their money on Noble Park?

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This edition of Punt to Win:
How to win money betting on horse racing
The Professional Punter's horse racing news
The Key Jockey and Trainer Combination free horse racing betting system
Horse racing form analysis and betting system tips
Horse Watch betting system - future winners
Free horse racing betting tips package membership!
Get those betting odds
Betting favourites in small fields: 21/7/2012 & 14/7/2012
Betting favourites in small fields: 7/7/2012
Best odds for well bet winners - bookmaker or tote?
Betting top weights - horses carrying a weight handicap of 60kg.
Punt to Win 7/7/2012
Punt to Win index

2011 Melbourne Cup Day
Winners under $10.00
Best Bookmaker Win Odds
Best Tote Odds

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