Keys to successful betting

Its possible to become a Profitable bettor if you follow the Successful betting rules outlined below:

There is a well known statistic that 99% of gamblers lose money.

We hate to see people losing money to the bookmakers so have decided to write a few golden rules that all bettors should follow.

Successful betting Rule 1 - Build up a betting bank

A betting bank is vital for anyone wanting to make a profit from Horse racing

A bank should be set up before you even place your first bet.

This should be kept separate from your normal bank account so that your betting activities are not eating into the money you need to live on each month.

The second reason it should be kept separate is that a quick glance at your account will show you whether you are making a profit or a loss at any point in time.

There are plenty of staking plans around but if you are not profitable, staking plans are only going to make your losses worse.

For the above reason, you should stick to level stakes or use a certain percentage of your bank

Whatever the size of your bank, I would recommend that you split it into 100 units and use 1 unit per bet (this is just a suggestion, you can bet more depending on how good your strike rate is & appetite to risk).

Your unit stake can be recalculated after each bet (ie always bet 1% of your bank).

A staking plan like the one above means that you will never lose your whole bank.

A quick and risk free way to build up a betting bank is via matched betting. Read more about this by downloading our free E-book here.

Successful betting Rule 2 - Specialize

There are horse racing meetings on almost every day nowadays.

These range from 2yo maiden races where there is very little form to go on, Selling races where all the horses are unreliable/have poor form to Group races where the very best horses compete against each other.

With the sheer amount of racing at the moment, it is impossible to know everything about the various types of horses in every race type.

If you specialize in a particular type of race, you will be able to quickly build up a good knowledge about the horses in that class and your betting returns will improve (the bookies have to bet in every race, you don't).

Having a good knowledge of a certain set of horses is much more preferable to having an average knowledge of all the classes/types of horses.

What you choose to specialize in depends on you but you could choose to one of the following areas:

2yo races
3yo races
All weather racing
Group races
Big handicaps
races with <9 runners
Races where the draw plays a large part etc

Successful betting Rule 3 - Take a Systematic approach

A systematic approach is a must if you really want to profit from horseracing.

Such an approach will enable you to make an objective assessment of a horses chance.

If you don't have this objectivity, it is easy to get carried away thinking that the horse you have picked is going to win easily.

I have been guilty of getting carried away plenty of times in the past, putting more money on a horse than usual only to see it get beaten.

Examples of a systematic approach could include one or a combination of the following:

Using a rating system to evaluate the form of each horse in a race (and only betting the top rated etc).

Using Speed ratings to see which is the fastest runner in todays race.

Only betting a certain amount of your bank no matter how much you fancy a horse.

Following a particular betting system.

Betting a horse that won its last race.

Betting a horse that has been quickly returned to the racecourse.

avoiding horses racing after a long layoff etc.

A systematic betting approach is the basis of this Website so we have added a few systems here.

Successful betting Rule 4 - Shop around

Probably the easiest way to improve your returns from horse racing is to always make sure you get the best price.

This can be done by using one of the various odds comparison sites available.

Below a simplistic example of what you can achieve if you manage to get the best price available.

If you have 50 winning bets per year and make a 10 point loss,by shopping around and getting a point better on 25 of these winning bets could turn the loss into a profit.

Obviously, the more bets you have and the more money you place on each bet, the more important it is to strive for the best odds.

This is one of the easiest and most overlooked ways for punters to improve their profits.

You can help this site (and your profits) by signing up with new bookmakers on our free bets page. Stop being a lazy bettor & do it now.

Successful betting Rule 5 - Discipline

As mentioned above, when you think you have found a good bet, it is easy to get carried away and place a larger bet than usual.

This is where discipline is needed, stick to the set percentage of your bank and stick to your systematic approach and you will be in a better position than 95% of bettors.

Successful betting Rule 6 - Use the internet wisely

There are plenty of betting resources (free & paid for) that will make your betting better.

Used wisely (and with the above advice), these resources will save you plenty of losing bets and make your betting all the more profitable.

Check out our links page for our favourite resources here: Successful betting