Horse Racing Systems Article # 3

Horse Racing Systems That Do Not Work

Whenever you place a bet you are in effect, taking a chance and whichever kind of horse racing system you use there is always a chance that you'll win, but also the possibility that you'll lose.

Apologies if this seems like I'm stating an obvious point here, but there is a purpose to that opening paragraph that will be elaborated upon and explained, so I urge you to keep reading.

Professional gamblers, people who make their living through risk and judgement, will all tell you that its about knowing something that others do not, and that without that information you are simply relying on pure luck. So lets look into this in more detail shall we?

Why Punters Fail

Before I look at how to succeed at this game, lets evaluate why people do not succeed when using whichever horse racing system they use.

Anytime you are betting on horse racing, you should be evaluating the three most important aspects that influence a race, and these are: The prices/odds, which relate to the value the horse will give you. Statistics are very important, so the horse's previous form, it's recent training performances and the jockey that is on board can have a profound affect on a race. And finally, the intangible influences, things such as which course the race is held at, what the going is and what the level of competition is.

if you're even remotely interested in betting on horses, the odds of a horse should speak for themselves and should need very little explanation. I'm afraid to say however, that so many punters get this part of the equation so very wrong. Most people want to get the big win straight off the bat, and think that a popular horse racing system, such as backing purely favourites will work for them. Wrong.

Favourites win less than thirty percent of their races, and so not only are you limited by the numbers of winners you will achieve (which is not THAT important), the point is that you're backing horses that by their very definition won't have much value. This means that in terms of making a profit, you've got a mountain to climb and the vast majority of punters using this racing system fail I'm afraid.

The next horse racing system that is often used by punters is to go right to the other end of the spectrum, and just back outsiders. Of course, this system will be just as ineffective as the racing system mentioned above (backing just favourites). If you're backing outsiders, it does mean that at least there is some value there, but this is often for a reason - the horse has no chance of winning.

To summarise in simple terms, what I'm saying is that just basing your horse racing system on the horses price alone is not wise as there are so many other factors to take into account.

What Should You Be Doing?

So to begin with I spoke about professional gamblers and how they increase their chances of winning, so how do they achieve this?

Its all about knowledge. So any successful horse racing system, betting or staking plan, call it what you will, should be taking into account the factors that have already been mentioned, all of which can affect the outcome of a race or your success, so the odds, the statistics and the intangible influences.

Sure its impossible to get it right every time, horses are not machines. But by using the information that is available you are going to drastically increase your chances of winning and making a profit, as you're targeting value horses that should win and not even money favourites.

Article Author: Cliff Thurston