Can Casino Game Strategies Work for Racing Punters?
Horse racing punters are always exploring new systems, hoping to find the method which gives them the edge over the bookmakers. Most seasoned bettors will have experimented with a number of approaches over the years with varying degrees of success. Seeing a noticeable upturn in profit and increasing the margins is the ultimate goal for any horse racing aficionado – but it can often take weeks, months or potentially even years to unearth a successful system. Roulette players are also renowned for presiding over a number of different techniques at the table. Could any of them be applied to betting on horses?
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The Martingale System
The Martingale is arguably the best-known roulette system and is famed for its simplicity. It doesn’t require a complex understanding of maths or extensive on-the-spot calculations, and this is advantageous to the fast-moving nature of the game. The system involves doubling your stake after each losing bet in the hope of recouping earlier losses. For example, if an initial bet of one chip loses, the stake is increased to two chips ahead of the next spin. A healthy starting bank is required, as three consecutive losses could make it a costly exercise. In roulette, this system is generally used on near-50/50 chances such as red or black or perhaps even sectionals such as 1-18, 19-36. However, the unpredictability of the wheel and the inevitable house edge make this system good in theory, but problematic in practice.
Implementing the Martingale system to colours on the roulette table is generally advised, as it is considered significantly easier than targetting individual numbers. A winning bet on these selections will double your stake in most roulette variants. In horse racing, high-class races such as the Cheltenham Gold Cup will often result in over 16 horses going to post, making it highly unpredictable. There has been a noticeable decline in field sizes over the past five years, but the number of possible outcomes in any given contest makes it significantly less predictable than betting on the spin of a roulette wheel. There is, of course, risk involved with utilising this system on racing markets, but if you are lucky enough to back a 16/1 outsider using this approach, it could perhaps lead to profit.,
The Martingale looks best suited to small-stakes bettors. Starting with £1 stakes and sticking to seven or eight runner fields could make it a potentially profitable way of avoiding huge losses. Although the returns are unlikely to be life-changing at first, gradually increasing the stakes could eventually result in a decent ROI. It’s also a good way of maintaining an interest throughout a busy afternoon of racing.
The Paroli System
This is a similar system to the Martingale, but stakes are only doubled if you win. It essentially works the other way round and is ideal for players who are enjoying a lucky streak. However, it also means a possibility of wiping out any previously accumulated profit in just a matter of minutes. It can sometimes offer the illusion of playing with house money and it isn’t as immediately risky as the Martingale, but could the Paroli translate to the racing environment?
The Paroli is arguably quite well-suited to horse racing markets due to the variety of odds available. As we’ve previously illustrated, betting on markets such as red or black at a roulette table will pay out 1/1. In order to make a profit from the Paroli system, you would need to correctly predict the outcome of three consecutive spins. In a way, the system can be argued to be loosely based on the theory that players tend to embark upon winning streaks and it can significantly benefit those who are going through a purple patch.
This approach could be rewarding for horse racing punters due to the greater returns offered on the majority of runners in the field. For example, a £1 stake on a 3/1 winner will return £4. Doubling your stake on the next race will require a £2 outlay, resulting in a small profit regardless of the outcome of the next event. Professional gamblers regularly outline the importance of staking sensibly, and one of the major advantages of the Paroli system is that players aren’t advised to chase losses when their luck deserts them. Instead, it encourages bettors to follow the strict staking system which will alter according to the current run of form and this is highly recommended when betting on horse racing. This system advises players to play with more caution and consideration than the Martingale – lends itself much better to horse racing, thanks to the sport’s unpredictable nature.
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— Mick573tw (@mick573tw) April 10, 2018
Source: Mick573tw via Twitter
Spreading Your Stakes
Spread betting is commonly used across a variety of sports, casino games and also in the financial industry. Many roulette players aim to reduce their losses by covering as many different outcomes as they can. In the European variant, there are 37 different outcomes, and utilising the various options can help cover as many squares as possible. For example, covering black, 1 to 18, and even with even stakes will result in some kind of return unless the ball lands on 0, 19, 21, 23, 25 or 27. This method is a damage limitation approach and can be implemented in a variety of ways. The 2 to 1 columns are also an integral part of covering as many bases as possible. Some roulette players also choose to place corner bets, which cover four different numbers and much smaller stakes can be used on these.
Horse racing can throw up a number of different options and some punters opt to cover multiple runners in any given race. There is an element of risk involved with this strategy, but similarly to the spreading your stakes in roulette, it narrows down the field and tips the balance in favour of the player. Spread betting in horse racing has increased in popularity in recent years. There are a number of firms which now offer a prediction for each race using a simple numerical system leaving punters to decide whether to “buy” or “sell”. Customers would “buy” if they believed a horse was likely to outrun its price, whilst it is also common to see favourites being sold with bettors sensing an overreaction in the market. Other markets include jockey performances, which is also based on a points-based performance system – for example, 25 points for a win. Having a knack for spotting an under or over-valued horse could make spread betting a very profitable experience.
It is similar to covering multiple options at the roulette table as it helps narrow down the chances of suffering a loss. In both instances, you don’t have to pinpoint a winning number or horse, which is a great way of increasing the chances of success. The initial outlay is likely to increase which is the only negative aspect of this system which can be suitably applied to both roulette and horse racing using careful and sensible staking.
Every system comes with a number of pros and cons, and there will inevitably be a range of success stories from punters who have successfully implemented each of the methods that we’ve listed. There is plenty of crossover between roulette and horse racing betting, but due to the complex nature of the sport, careful staking and continual reassessment of each approach is required. Finding the right system can be a time-consuming but rewarding process, and the likes of Paroli and spreading your stakes can certainly pay dividends long-term.