Racing - Systems .co.uk

There are two basic concepts you must grasp in order to turn a small initial betting bank into a large sum. These two concepts are Value and Compounding.

In order to make long term profits you must be making value bets. Putting it simply the odds you receive from the bookmaker must be greater than the true odds of your horse winning the race.

Imagine betting with a friend on the outcome of tossing a coin. The true odds for say heads is evens or 1/1 . Lets assume you bet on heads at evens i.e. for every head that occurs you win £1 and for every tails you loose £1. After a large number of tosses you and your friend should both have won and lost the same amount because you were betting at true odds.

Now imagine you can convince your friend that for every head that turns up he pays you £1.25 and for every tail you give him £1. This now becomes a "value" bet. Sure you may loose the first five tosses. However over a long period of time statistics dictate that you will win a lot more than you loose. This is because you are receiving the value odds of 5/4 when the true odds are evens.

With games such as roulette it is mathematically impossible to ever achieve a value bet. With horse racing however if you are prepared to wait for the right opportunities, there will be horses whose chances of winning are far greater than their available odds would suggest. There are many reasons for this. It could be that the horse has been laid out by the stable to land a gamble or perhaps its true form is a lot better than it showed on previous outings. Perhaps it is running against a highly fancied favorite that has been recommended by all the papers but who in reality is not in form.

If you can identify such horses consistently you will make long term betting profits.