16 Things You Need to Know If You Want to Make Money From Betting on Horse Racing

The dream of betting on horses for a living is one that has made many a man his fortune - and sent many more to the poor house. Is it possible? Yes! I and the dozens of Professional Gamblers I know are living proof of that. I’ve put together a few do’s and don’ts that anyone who aspires to make profit from horse racing should at least keep in mind.

Do try gambling without money at first. Choose your horses, record your winning ratio, analyse preferences and what races seem to suit you best.

Don’t gamble beyond your means. Do not gamble money you need for living expenses and never borrow to gamble.

Do study jockeys, particularly newcomers and unknowns. Watch out for promising apprentices; they will often lack market support and therefore offer much better value

Don’t bet when the going changes drastically, for instance from firm to soft. This upsets form and your bet.

Do bet to place in non-handicaps with 8 to 10 runners. More appropriately, pick races with just a few solid horses.

Don’t try to make your fortune in a day, or a week, or a month or even a year. Betting for profit should be seen as a long-term venture.

Do stay calm and decisive. Weigh up the odds for and against your fancy. Make your decision and stick to it.

Don’t drink and bet. You must remain detached, unemotional and analytical at all times.

Do bet only when you are getting good value.

Don’t bet unless the odds are good value.

Do Specialize. With something like 40 races on a Saturday, you cannot concentrate properly on all or even a high proportion. So look for three or four races, of the kind you are most successful with, and concentrate your efforts and your cash on these.

Don’t listen too much to what the ‘gurus’ or ‘expert tipsters’ say about a given race. Have faith in your own judgement and work.

Do make a record of your bets, winning and losing. Eventually patterns and trends will emerge to guide your gambling instincts. Even if you are losing money in a certain type of race or bet you can reverse engineer it by laying the selections and make money from your losing ways!

Don’t gamble more than 5% of your working capital on one race. Even the very best punters have losing runs and it’s vital you have enough capital to see these out unharmed. Personally I don’t stake more than 2% of my bank on a single bet.

Do be aware that information is the single most important factor in becoming a regular winner: information about horses, tracks, riders, conditions of the race, weights, speeds, pace and so on.

Don’t follow the herd. This is why most punters lose their money. You have to be different. This way you’ll get higher odds, and better winnings!

I guarantee that anyone who applies even some of these principles to their betting is instantly stacking the odds firmly in their favour.

Tried and tested methods to find out exactly how much value is in each of your bets, form reading, speed rating software, form rating software, pace analysis, class, staking plans and everything else you need to make realistic long term profits from horse racing can be found in your FREE copy of the Pro Punter Package http://www.pro-punter-package.co.uk

Article Source: 16 Things You Need to Know If You Want to Make Money From Betting on Horse Racing