Horse racing is a hugely unpredictable sport and gambling isn’t necessarily renowned for increasing bank balances. However, with sensible staking and a healthy working knowledge of the sport, it can be possible to make a small profit and have plenty of fun along the way.
Source: The Racing Post via Twitter
There are a number of different strategies and techniques used by professional gamblers but making a long-term profit is far from easy. There are always going to be ups and downs but it’s important to take your time, follow patterns and race results and not jump in feet first.
The first rule is to only bet money that you can afford to lose. Betting is great if you have budgeted for the month and still have a surplus £20 but if things are tight, it is advised to simply take a watching break. Just because you aren’t able to have a wager, it doesn’t mean you can’t check the result and make a note of things such as the winning trainer and jockey.
Sensible staking is absolutely imperative. It is generally advised that you should never place more than 5% of your starting bank on any one bet. For example, if you’re starting with £5o, your first bet should be in the region of £2.50. Naturally, if you make a profit, this will gradually increase. This will help ensure longevity and won’t have you scrambling around for further funds.
Source: OTI Racing via Twitter
One misconception amongst gamblers is that there is an obligation to bet on every single race. There are often upwards of thirty races per day in the UK and very few people have enough time on their hands to meticulously study every single card. If you don’t feel confident about a horse’s chances, it is generally advised to abstain and wait for the next race to come along. Races such as Novice Stakes on all-weather tracks are often incredibly difficult to call and should probably be avoided.
Races such as the Grand National are a terrific spectacle but they can also be hugely unpredictable. By following the sport throughout the season, you are more likely to pick up clues and it is often possible to find the early-value in the ante-post markets. Shantou Flyer was priced at 100/1 prior to the Cheltenham Festival but following a solid run in the Ultima Handicap, the Sue Smith-trained runner has been cut to 25/1 according to Oddschecker. It is possible to place a bet months in advance and can often ensure a bigger payout than those who only got involved on the day of the race.
Profiting from horse racing takes tremendous dedication and hours of hard-work It isn’t easy to leaf through pages-upon-pages of previous form, but this will pay dividends in the long-run. If you aren’t willing to put in the effort, you are likely to fall short. Those who stake sensibly, select their races carefully and aren’t afraid to take a watching brief are likely to find it a hugely enjoyable and potentially money-making experience.