Horse Racing Tips

Never wager beyond your financial limits or constraints,

Create and put aside a realistic betting bank - use the bank solely for betting purposes,

Your sole objective should be to grow the betting bank at all costs.

Make bet sizes proportional to the bank and the horse's true betting odds.

Don't feel the need to back in every race or even every day,

Don't bet just because it is the Guineas, Derby or Grand National,

Don't back in races where you cannot be objective in your race assessment,

Restrict your bets when the ground is riding extreme [i.e. hard or heavy],

Don't back in poor class races - horses are inconsistent, betting markets weak and unpredictable.

Only bet when the odds are in your favor,

Compile your own horse racing betting forecasts,

Seek out bookmakers offering the best odds against your selection - make use of betting exchanges,

Don't dismiss betting exchanges as source for obtaining value odds.

Get yourself into a set routine,

Give yourself plenty of time to prepare, plan and study a race[s],

Systematically study every horse in the race, objectively and in sequence,

Confirm key racing factors are met [i.e. going,distance, trainer, track, fitness, form].

Start to think like a bookmaker- think in terms of probability and chances, probabilities,

Understand the maths of betting and how odds are derived,

Ensure bets are in proportion to the true chance of winning.

Don't try and get out of trouble with indiscriminate bets,

If you missed a winner - don't despair or chase after it by betting in the next race

Stick with the betting strategy - there is always another day.

Look for betting loopholes [i.e. each way in 8 runner stakes race with short odds favorite, when betting forecasts have an over round < 100%],

Search for races with the right shape, feel and look,

Avoid extravagant multiple bets that are highly promoted by bookmakers [i.e. such as Yankee, Canadian etc],

Look at past horse racing results to establish patterns, trends,

Record all bets made - ideally by electronic means that can be plotted or analysed using statistical software,

Include the relative information such as - date, racecourse, horse name, type of race, result, SP, bet made and price.

Review bets that you made, look at the good and the bad, where you won and lost,

Understand the root cause for bad results and why mistakes or errors were made,

Use software to statistically analyze results and highlight opportunities for improvement.

Horse racing is not a get rich quick scheme,

A long losing run is inevitable and will always be bigger than any winning run,

Stick with the discipline and betting strategy even during long losing runs.