Useful guide to horse racing betting system

When trying to profit from any system you must have an useful betting strategy. If a system does not make a profit by following a flat level stake staking plan there is nothing you can do to twirl the loss into a profit. Since a long time punters have toyed with several staking plans such as doubling up after a loser, betting a percent of the bank, Kelly plans etc. However, maximum of these are just gimmicks used to beat a low strike rate, or loss making system and divert your mind away from winner finding. Do not uselessly spend your time trying to find out staking plans just follow the two golden rules:

It is always the value of a horse which decide the stake, and the evaluation of chances of winning or placing which determines the type of bet.

It is all about getting value, and assessing your risk. Get the most of your returns when you are extremely positive, and to reduce your losses when not.

Generally, there can only be one selection per day. If this is a value bet a decision will be made to bet win or each way relying on the assessment of the possibilities of the horse winning or placing.

Two or more selections will indulge doubles and trebles etc. In this case hardly ever will we bet singles as it can be established that placing multiple bets is more profitable than single win betting. In theory you would want to bet at level stake on win singles. However, authentically this is not sensible. If there are 4 selections and your normal stake is 100 win, then on days when you cannot be present at the track, you will have to place 4 x 100 win bets in your local betting shop.

Exotic bets such as Forecasts, Trifectas, Jackpot and Placepots are played quite often. Pool bets which rollover can give outstanding value especially when the favourite has a low chance of winning.

Keeping a log of every bet is indeed essential. You will never know how successful you are unless you do this.

Win or Each Way Singles
A typical mistake punters make is to bet win on favourites and each way on anything above a certain price, say 5-1. At first this makes sense, because if the 5-1 horse is placed you will get your money back in races paying 1/5 the odds a place, and make a small profit if it pays a 1/4. It is important for you to remember that the hoax lies in the fact that when you are extremely confident, maximize your returns and when you are not then mininise your loses. Another punters fallacy is to bet more money on lower price horses and less on outsiders. All the time it is the price of a horse which determines the stake, and the assessment of probability of winning or placing which judges the type of bet.

Doubles
We often place doubles if there are two selections in one day and disregard betting singles. Once again, an each way bet may be placed if the probability of winning is low, and probability of placing is high. Note that the chances of the double being achieved is the probability of each horse winning multiplied together.