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What are your "rules" that determine whether you will bet on a race. Do you always do singles, how many races do you bet on, do you do antepost bets. I’m clearly nowhere near this level yet but i’m interested to see how people do it as several rules seem to be prevailent in all lists. Thanks to anyone willing to answer.<br>
(Edited by FlatSeasonLover at 11:37 pm on Mar. 22, 2006)
I usually bet horses each way, the lowest price i wud back each was is 5/2 on 1/5 odds and 2/1 on 1/4 odds. Alot of other pros dont like this but if the horse is placed u still get 3/4’s of ur full stake back which will give u another bet. It also dewpends what you fancy on the day to dtermine how many bets u will have but 3 wud be my average a day on horse races. I also do alot of sport and have a proven system which will make money daily with no risk. I also have an horse racing system which also makes a daily profit which wont make u a millionaire but will bring in a steady profit.
Did you develop the system yourself or use an existing one but tweak it to your liking IrishEyes?
My Sports system was made by myself but the horse racing 1 was advised to me and i changed it a bit to my likin. I am suprised ur not 1 FLS as u seem very knowledgeable and do work on a points system.
My points system is just based on how much i fancy it or whether it is majorly overpriced. I’m only a relative amateur with regards to horse racing; I’m 19 and have only been into the sport for 1 year so I’m still learning my trade. What I do have is time and I use this to watch all the races i can. Any profits I make is usually from backing horses on my "list" – horses that I felt ran well last time (but fell or faded or will be underestimated) and these often pop up at a decent price (eg Sarah’s Quay is on my list, I lost my money twice but it popped up at 16/1 next time). What i would really like to do is develop my own rules of betting, a system that works and by listening to what other people do I hope to learn from them and see if i can do some of the things they do if it works for me.
FSL
Well Im certainly no pro but I have been making a few bob over the last couple of years and keeping records now etc. I really dont do e.w much because Barney Curley said in his autobiog that it just wasnt value (esp at 1/5) odds. I have however done it with those horses above 20 to 1 but significantly I have worked out recently that I would have made far more money over the last two years if I put it all on the nose. I still think that takes a lot of balls.
I bet even stake. I dont vary the amount I bet depending on the odds. I could never quite work out why you would if only to make your bank last longer.
Just on the point, Fsl, from what i hear, people are different when it comes to this type of thing. I hear Graham Rix would never back a horse below 8 to 1 and I feel generally the same way but lots of people who make far better money then I ever could have no such fears.
SHL
EC
There is a vast difference between not losing and making a living from betting on horseracing.
You certainly wont be getting outrageously longer odds on betfair for bigger stakes.
Pro’s have to hang in there as well.
SHL
I never understand EW betting
Confuses the issue and frankly, 2nd and 3rd best horses do not always fill those places (esp on jumps). Finding some staying on plodder just to get an overall 6/4 or something is a bit of a waste of time
Don’t expect to be deluged by replies from Pros giving away their secrets FSL!
You may have gone along this route already but as a starting point I’d thoroughly recommend reading Alan Potts books.
Second that
Best betting books on the market…i learnt alot
But dont tell him :biggrin:
<br>Thank you Clive – personally I feel they are now out of date as the combination of the rise of the Internet, exchanges and the big differences in the racing program have certainly altered my approach.
<br>To FSL, I’d say that the best rules are the ones you’re comfortable with and that means developing your own ideas. It means working out what type of bet suits you best, what areas you want to specialise in and how you choose to stake your bets.
Treat it like a business – have a plan, objectives, a budget and take the long term view. What happens on any one day, week or month shouldn’t alter your methods, so long as the accounts look OK at the annual review.
Lastly, be sure it’s what you really want to do – glamorous it ain’t!
AP<br>
You may have gone along this route already but as a starting point I’d thoroughly recommend reading Alan Potts books.
They’re out of date, as AP says. However, The Inside Track is probably the still best book on making a profit on UK racing.
Although the market has changed and you need to find your own methods, the book shows the process AP went through to update his own methods.
And, if you understand that process and the thinking behind it, you’ll be well ahead of most punters.
Being pro is a tough life, particularly emotionally, and it’s not something I’d ever want to go back to.
If you can make a solid profit on the horses, you could take the same skills and make more money with less stress in the "real world".
Steve
If you can make a solid profit on the horses, you could take the same skills and make more money with less stress in the "real world".
<br>Such as???
SHL
Such as???
Depends on the skills you use to be a successful punter.
However, if you happen to be an analytical and systemic punter, is there a shortage of careers that use these skills?
e.g. IT, business analysts, operations management, investment …. the list goes on and on.
Steve
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