Who Needs a Horse Racing Betting System?

Using a horse racing betting system is for thrill and adventure lovers, all those who bet at the horses somehow wish that they had magic with them that would help them know which horse is going to win, this would help them earn tons of money as well as enjoy a thrilling game. Horse racing betting systems might not be magic but nevertheless, these can help you speculate which horse is most likely to win.

This is the reason why these systems are such a hit in the betting industry today. There are more than a few horse racing betting system, each follows a particular set of rules so that it becomes easier to deduce which horse is most likely to win at the races. These horse racing betting systems guide you regarding the deductions and selections of a particular horse on which you would lay your bet. This is interesting as well as quite informative.

But who creates them? Horse racing betting systems have not been created by some new comer trying to make it big in the betting game . These have been thought about and created by veterans in the game of horse racing after a careful study of almost each race. This is the reason why these horse racing betting systems are so successful in the market.

Almost each horse racing betting system has been based on some or the other statistics. Whereas some racing system might use a sports newspaper as basis for calculations to be done, some other racing systems might require you to study regarding the background of each of the horse. Arrival at a decision through deduction is yet another method used to create a horse racing betting system. There are also categories of different horses, where some are seasoned and in prime form some other might be a new introduction therefore most likely to commit a mistake.

Some of the common advices given by most of the experts to all those who enjoy betting is that it is most advisable not to put all the money on one horse. It is much wiser putting money on more than one horse.

Another golden rule to be followed by each betting amateur or a professional is that money used for horse racing should be the one kept aside for racing purposes only, never ever stake more than you can afford to lose.

Next time we will abakyze a successful horse racing betting system, to show you a consistent pattern you might find interesting..

Betting is a Business – Gambling is For Idiots!

My question to you today is, how much profit are you really making from gambling? (And please be brutally honest with yourself when answering that question!)

I hope you are winning! If you are then well done to you, as that surely is the goal for most people, but even if you are a rare winning gambler, are you making as much as you could? However if you’re not a winner then don’t worry as your not alone. In fact you’re in very good company, as an amazing 98% of gamblers lose money long term.

So assuming you are not winning, do you know why?

Well I’m going to hazard a guess the reasons are something like this;

a) Betting in the wrong types of races,

b) Blindly backing favourites (especially odds on shots)

c) No sense of money management,

d) Undisciplined approach

e) Chasing losses

f) Maintaining a ‘gamblers mentality’.

However if 98% of people are losing money it stands to reason that 2% must be winning, so who are these elite 2% and what is it that they do differently to the majority?

Well the elite 2% are the professionals and semi-professionals like me and we approach betting as a business. The betting industry like to call us ‘professional gamblers’ but lets just make one thing absolutely clear here, one thing we are NOT are gamblers and this description couldn’t be further from the truth – we don’t bet for fun, or for the sake or thrill of it. We bet for one reason and one reason alone – TO MAKE A PROFIT!

I’ve said this many times before and I’m going to say it again – ‘Betting is a business and gambling is for idiots’ – So let me try and explain the difference between betting and gambling.

As I have already stated I am a professional and as such I am in the business of betting for only one reason – to secure slow and steady long term profitability. To achieve this outcome betting professionally has to be BORING and MUNDANE, from a psychological point of view the result of just one race becomes almost irrelevant to me, as in the long term I know I will make a profit from my betting strategies.

The point of running any business is to make a profit and to achieve this outcome I need the following three elements to work in my favour:

a) A betting bank,

b) A staking plan

c) A betting strategy which will deliver profits over the long term.

The betting bank needs to be big enough relative to my stake size to withstand the inevitable losing runs. It is also important that psychologically the betting stakes are well within my betting comfort zone, meaning that my pulse is never racing either before during or after a bet.

The moment your pulse starts to race should immediately alert you to the fact that you have stopped betting and are instead gambling, something has gone wrong with your strategy and you have become either uncomfortable with the size of your stake or have lost confidence in your chosen betting strategy. The inevitable result of this will be a breakdown of discipline and a desire to start chasing your losses, which is something I NEVER do. When I have a poor day then my attitude is always the same ‘cest la vie’, there will always another day.

I have many diverse and varied betting strategies within my betting portfolio but for the purposes of this exercise let me use my ‘Hughie’ Place Betting Strategy as an example of the above philosophy in action.

‘Hughie’ Place Betting Strategy

Here are the Hughie results for the six months to 01 June 2009. (I could use any 6 month period from over the past 9 years, in fact some previous half yearly figures would show higher profits. But these are the latest figures and emphasise the points I am trying to make.

The results are based on a betting bank of £400 and the stakes being used are as follows £2, £4, £8 and £12

Oct 1 + 77.63

Nov 1 +129.90

Dec 1 + 14.34

Jan 1 +179.83

Feb 1 +116.37

Mar 1 +169.58

Apr 1 – 3.62

May 1 + 13.81

Jun 1 + 77.78

The first thing you will notice is the relatively small and ‘boring’ size of the stakes I am using in relation to the size of the betting bank. By staking such a small percentage of the betting bank on the ‘Hughies’ takes all the stress away instantly, as the bank is never in any danger of going bust and the stake size is always well inside my betting comfort zone. Some of my members bet the ‘Hughies’ to much bigger stakes, however if the stakes are doubled or trebled then so must the bank.

As you can see you could comfortably follow this particular betting strategy to the advised stakes and at betfair sp safe in the knowledge that win, lose or draw over a long term period of say 6 months you would be comfortably in profit. You wouldn’t need to watch any races biting your finger nails praying that a particular horse hung on for a place, because you would be confident that the strategy works and one or two horses not placing wouldn’t make one jot of difference to the ability of the strategy to deliver a long term profit.

I keep using the phrase ‘long term’ because it is essential that you understand that it takes this long-term approach in order to succeed with any betting strategy. Just have another look at the ‘Hughie’ results above and you will clearly see that the months of March and April were not good months for the ‘Hughies’. At the time I remember saying regularly in my daily column that it was probably down to the transitional period of switching codes from the ‘jumps’ to the ‘flat’. For me though that’s just part and parcel of any strategy – we will have these bumps but will come away unscathed as all that matters is to maintain a long term strategy. The plan works, as it doesn’t require me to either lose faith or panic. That said any member who joined in March or April and followed my advice to concentrate on the ‘Hughies’ would have been pretty downhearted by the end of April as it would appear to them that the ‘Hughies’ are a poor bet. However any member joining last December enjoyed a terrific run and would have had a totally different opinion of both ‘place betting’ and me.

I think this point clearly demonstrates the importance of taking a long-term view of any betting strategy (12 months minimum I would argue)

Anyway this example of how safe, slow, steady, boring but consistent profits are generated month after month after month is just one aspect of a strategic and professional betting approach and hopefully demonstrates the difference between the excitement of gambling which is for thrill seekers and the boredom of betting which is my business.

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Why 6 to 5 Blackjack Sucks

6 to 5 blackjack is the same as any other game of blackjack, that is to say that games of 6 to 5 blackjack have the same rule variations as ordinary blackjack, except that when you play 6 to 5 blackjack the payout for a natural blackjack is 6 to 5 instead of the usual 3 to 2.

To some people this might seem like a better deal. The numbers 6 and 5 are bigger than 3 and 2, so that means you get more money if you win right? Wrong! With 6 to 5 payout odds you get £6 for every £5 you bet. So if you bet £10 with the original 3 to 2 payout you’d win £15, but with the 6 to 5 payout you only win £12. This policy will put a serious dent in the player’s bankroll over many hands of play. In standard blackjack a good player would expect to lose an average of £2.60 per 100 hands assuming he bets an average £10 per hand. The reduced payout on 6 to 5 blackjack means the same player would expect to lose more than £14 over the same 100 hands.

Effectively 6 to 5 blackjack seriously reduces the chances of a player having a lucky run and winning a profit. In fact a player would have to be extremely lucky just to break even. Many blackjack enthusiasts have spoken out against 6 to 5 blackjack saying that natural blackjacks have to payout at 3 to 2 otherwise the player doesn’t have a fair shot at winning.

They also warn that if 6 to 5 blackjack becomes standard in casinos then people will lose interest in blackjack and possibly table games in casinos altogether. They say that a 6 to 5 payout on blackjack makes the game inherently unfair, and as customers begin to realise that the casinos are ripping them off they will leave in droves.

There wasn’t an immediate backlash against 6 to 5 blackjack because, it is alleged, most casual players don’t understand just how much this change affects their chances of winning. When they realise that they’re losing money five times faster than at standard games of blackjack they will start to leave.

The other problem is that many casinos, especially casinos in Las Vegas, have been hyping 6 to 5 blackjack as if it were better for the players. It has been seen advertised as a “whopping 6 to 5 payout” as if 6 to 5 was better than 3 to 2. Certainly the numbers are bigger but that’s all that is! It is often found that casinos will advertise the game as ‘single deck blackjack’, which at 3 to 2 payout rates is good for the player (especially the card counters), but the 6 to 5 payout is in tiny writing. As players wise up to these tactics it is said that their confidence in casinos will drop and that could be very damaging for the whole industry.

If it hasn’t been made clear already, steer well clear of any game of blackjack offering only 6 to 5 payouts on natural blackjacks. You’ll lose money faster than if you’d cut holes in your pockets! And losing money quickly in a game that you’ve not much chance at winning is no fun at all.