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29/8/2003 edition

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 systems are not responsibly marketed. They claim outrageous profits on turnover which the marketers 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.

Around 20 years ago 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 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. How silly I was.

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 started to smell a rat. I realised that just 25 winners from 100 selections could easily become 10 winners from 100 selections and a substantial loss on turnover. After all, I couldn't win with any of those systems. Welcome to a world where rules, no matter how illogical, are specifically designed to keep past winners and eliminate past losers.

I purchased racing systems with blurb 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 are having a drink, or, and this is far more dangerous - such as stopping betting with the system when it has a few losing bets and so missing out on the system's future winners.

That cost me money and taught me a few valuable lessons:
Continued next page

This edition of Punt to Win:
Horse racing betting systems
Spring Carnival horses - good runs, good betting odds
Betting favourites in small fields
Handicapping tips - weight and class
Money talks - Randwick, Caulfield betting tips from the track
Money talks - Doomben betting tips from the track
Money talks - Cheltenham betting tips from the track
Future winners - unlucky horses
Punt to Win 22/8/2003
Punt to Win index


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