10 Tips for improved horse race betting
Improve your betting habits by adopting the following :-
1 : Dont bet what you cannot afford to lose
2 : Be selective in which races to bet in !
3 : Seek value betting opportunities
4 : Have a disciplined approach
5 : Think chances and probabilities
7 : Try to get an edge in sports betting
8 : Keep a record of bets made
9 : Review past horse racing results and improve
10 : Think with a long term perspective
1 : Dont bet what you cannot afford to lose
Put aside a realistic betting bank - use the bank solely for betting purposes,
Your sole objective should be to grow the betting,
Make bet sizes proportional to the bank and the true betting odds.
2 : Be selective in which races to bet in !
Dont feel the need to back in every race or even every day,
Dont bet just because it is the Guineas, Derby or Grand National,
Dont back in races where you cannot be objective in your race assessment,
Restrict your bets when the ground is hard or heavy,
Dont back in poor class races - horses are inconsistent, betting markets weak.
3 : Seek value betting opportunities
Only bet when the odds are in your favor,
Compile your own betting forecasts,
Search bookmaker best odds on your selection,
Dont dismiss betting exchanges as source of value odds.
4 : Have a disciplined approach
Get yourself into a set routine,
Give yourself plenty of time to prepare, plan and study,
Systematically study every horse in the race, objectively and in sequence,
Confirm key racing factors are met [i.e. going, distance, trainer, track, fitness].
5 : Think chances and probabilities
Think like a bookmaker - think in terms of probability and chances.
Understand the maths of betting and how odds are derived,
6 : Do not chase losing bets
Dont try and get out of trouble with indiscriminate bets,
If you missed a winner - dont chase after it by betting in the next race
7 : Try to get an edge in sports betting
Avoid multiple bets promoted by bookmakers,
Look at past horse racing results to establish patterns, trends,
8 : Keep a record of bets made
Record all bets made,
9 : Review past horse racing results and improve
Review bets made - understand why mistakes or errors were made,
Analyze betting results and highlight opportunities for improvement.
10 : Think with a long term perspective
Horse racing is not a get rich quick scheme,
Remember - a losing run is inevitable,
Stick with the betting strategy even during long losing runs.
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