Punt to Win
Ten Golden Horse Racing Betting Tips
A successful punting acquaintance of mine, lets's call him "John", as he certainly would not like to be publicised world-wide, has been making a very good living from the punt betting on horses for many years now. He is very secretive about the methods he uses and even some of the bets he has interstate.
Here are some of John's Golden Betting Rules.
They are not in any particular order. I am pretty much quoting what he has told me in casual conversation though I am certain "John" will understand if I have slightly misquoted him.
1. "Completely ignore betting ring price fluctuations. You go to the racetrack to back horses at top odds, not be a follower."
(Editor's comment: With dollar odds the traditional one quarter odds for the place is worked out by taking $1.00 from the dollar odds, then dividing these odds by four and then adding the dollar back to the total. So a horse at $5.00 would pay $2.00 the place, a horse at $9.00 would pay $3.00 the place! Today bookmakers no longer give these generous traditional one quarter odds for the place.)
5. "Never back a horse at double figure odds each way. Statistically you are getting poor value for the place. It is far better to back two or three horses at good odds for the win in the same race." (Editor's comment: Bookmakers no longer give the traditional one quarter odds for the place.)
This edition of Punt to Win:
2008 Melbourne Cup Day
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