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Why Do So Many People Lose So Much At Horse Racing?

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Most racing punters lose money. You are probably one of them? In days gone by your losses usually found their way into the banks of the bookies, more recently a fair proportion will have been pocketed by smart punters who use the betting exchanges to take you on. Today, even with an even-money chance against other punters, you and the other 98% will still lose.

Why is this then? There is an enormous amount of very useful data available to you, and with the arrival of the personal computer you can freely download and process that data to help you with your selections. Yet you still lose.

I maintain that it's the system you are using (if you are using a system at all). A good system makes all the difference. Once you come up with a system that actually works (and works for you - which is most important), you will be well on your way to long-term success.

It is commonly thought that only the proficient and the professionals can craft, progress and finally achieve a winning horse racing system, this is not entirely true. Almost anybody can design a wining horse racing strategy. Including those who know very little about horse racing betting systems.

Could you be one? Well, it does take a calm, commonsense approach, and if you are not cool and logical, and are prone to bet on such unscientific parameters as a horse's name or the jockey's colours, then you are going to have to change your habits or continue to fail.

There is a very large amount of form-data surrounding each horse, and all of that data is readily available for you to make your selection. There is also a large amount of statistical data, and the best winning horse racing systems use some sort of combination of the two. The last and frequently the most important factor in any racing system is intuition, and this you can only acquire with experience. You can't pack it and sell it, and it's difficult to teach or transfer. You just need experience experience.

Form (data) relates not solely to the horse you are researching, (whether it's improving or fading, whether it likes the conditions, whether it likes running after a long trip etc) but particularly to the form of the other horses in the field. It's no good just selecting a horse which is coming into form and ignoring the fact that several other runners are also coming into form too (which is highly likely).

Then there is data relating to other things like weather (is it going to rain, does he like heavy going), track (has he won here before, and if so -how long ago), quality and standing of the jockey, draw (is the horse drawn near the centre of the line or to one side, and if so is it the better side or will he be at a disadvantage there).

Also take into account the form of the trainer - are his other horses doing well too? Is he in the top 20 or (better) top 10 trainers listings?

Another valuable snippet of information which it is always wise to know, is how far the horse is travelling to take part in the race. A trainer will not subject his horse to a long journey just to get some on-course training. No, if he is taking his horse a long distance (say 250miles in the UK), then he probably thinks his horse has an very good chance of a win (and he's better placed than you to know).

Other random but relevant data would include the horse's age, its sex, how long since its last race, its speciality distance compared to the distance it is expecting to run this time), and so on. The secret is in deciding which stat to take notice of, and how much weight to give it in relation to the other stats you are using for your super-system.

I design what I trust are winning horse racing systems, I also test then review other betting systems too. I can tell you with some confidence that many of the finest racing systems were created by amateurs (we're all amateurs I suppose, you can't learn any of this at any school or university).

I believe that system-creation is an evolution. I rarely start off with a totally clean sheet. Sometimes I use features of other systems - though I try to avoid it. It is sheer folly to ignore what works really well just so that I can claim that my new creation is entirely new. In any case, punters are not really interested in the new, they are only interested in the profitable!

A final observation: - If I was to give a winning system to four testers and ask them to try it for a month, exactly as I designed it, they would return with radically different profits! Strange eh? However hard we try, even when using the most automatic of systems, any human interaction with that system leads to widely varying performance. But that is for another story

One conclusion I invariably come to after racing system tests, (and I have carried out many), is this: the biggest difference between a winning system and a losing system is the person who is actually using it!

If you would like to hear about my newest systems, or see my reviews and comments on other horse racing systems, do please visit my sites. They also contain a large amount of useful and interesting horse racing articles, information and betting system resources.

Article Source: http://www.articlesnatch.com

About the Author:
Chris Temple has a successful forex career. He writes books on Forex, winning horse racing systems and on finding the best winning horse racing betting systems
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