+Horse Racing Research+
Research is potentially the most essential part of a professional gamblers armoury, as devoid of it we wouldn't have a clue with reference to trends. We all know uncomplicated ones, such as non-handicap Favs (Favourites) win more races than handicap Favs, and that is a researched trend. However the professional gambler should find one that the majority of folk aren't aware of in order to profit from it.
In the past we used to benefit from old copies of the Sporting Life, or Raceform results books, etc, but with computers these days it is much easier to keep your own records or exploit such tools as Raceform Online, or RSB (Racing System Builder), Racexpert, Superfom, etc. These services, although expensive, will allow you to trawl through years of data, and come up with historical trends.
Designing your own horse racing system is uncomplicated, although some can be complicated, just begin with a simple rule such as bet the shortest priced forecast horse of the day. This one rule gives you one bet a day, with a 50%+ SR (Strike Rate), and has been profitable over the past few years. However, there is a drawback. Due to the low odds, it is high turnover, for low profits (ROI% around 1%-3%, 5%+ is good), but gives you some idea, and you can add new rules as you progress. Skipping handicap races will increase the SR, and so on.
If I didn't do any research, I would in no way make cash, and it is a specialty you must constantly stay on top of.
With betting exchanges now having a sound foothold in the gambling market, its achievable to back horses, football teams, etc, to lose (LAY), although a few bookmakers are starting to give odds for laying, the prices are typically against you.
It might sound straightforward to back a horse to lose, as its easier than picking a winner isn't it? But there is a catch the majority don't realise.
Taking an illustration from a recent race that won at an SP of 100/1, it was taken on the betting exchanges at 1000/1. This means that someone who wanted to make a effortless �2 profit, actually lost �2,000!! So he has to find another 1000 losers at �2 stakes in order to get that money back before he even can look at a profit.
For an evens chance (1/1), you have completely as much probability of picking a loser, as you do of it winning, although statistically in the real world, you do in reality have something like 55% in your favour, as that's what the research shows, but it is still high risk at those odds.
Unlike a win bet when a 10/1 horse is 10/1, if you lay a horse at that price on the betting exchanges you have to take into account the difference involving the exchange price and SP, plus your commission as additional costs. This is what makes laying more difficult to profit from than straight win bets, as you just shell out the commission.
If you're recent to laying, just start at �2 level stakes, prior to moving on to any of the staking plans supplied to members on the site, while you get your brain around it all.
One useful thing on the subject of the betting exchanges is you can lay off any errors. Say you backed horse B with �50, but it ought to have been horse A! Then you lay horse B as well. You'll lose the commission, and the spread between the win-lose price, but its a small percenin addition of the 50. Not many people consider that option and just let the bet ride only for it to prove expensive.
Also keep your laying and winning banks separate, and as with winning bets, NEVER chase your losses, you will fail in the end. Stick to the staking plans and system rules, and any losses should be recovered over time. Patience, not greed, will see you turn into a profitable professional gambler. Remember that last bit of advice it may well save you a fortune.
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Keith Driscoll runs Win2Win Racing, and supplies extensive betting advice and free tips, systems, reviews, etc, and also has a fully active forum.
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