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Saturday, 19 March 2011

Horse Betting Systems That Really Work

Guest writer: Bill Peterson
Would you like an easy system to pick winners at the horse races that would make a steady profit with very little risk? Of course you would, who wouldn't? Unfortunately, as of the writing of this horse racing article, after five decades of watching the ponies go around the track, I can truthfully say that as far as I know there aren't any such systems.

I've tried a bunch of systems and have developed a few and the one thing I've learned is that making any profit, no matter how slight, at the horse races is a very difficult job.

You'll notice I didn't say it was impossible. I also still recommend that you stick with a system, because just betting on this horse or that horse with no rhyme or reason is far worse than using some form of logic. In other words, you need a plan. As the old saying goes, "Those who fail to plan, plan to fail."

In my experience, here is what works and what doesn't. First of all, if it sounds too good to be true, it probably is. Ask yourself this one simple question. "If I had a sure fire way to make easy money at the race track, would I sell it and let other people bet on the same horses and knock the odds down?"

Of course you wouldn't. The hucksters who sell those systems with the outlandish claims usually have a good story as to why they're doing it, but the truth is that they make money selling systems, not betting on races. There are several kinds of system that you will see advertised. One is the kind that supposedly finds an inequality in the pools and with a little math you can exploit this for profit. No real handicapping is required, just some mathematical calculations.

The second kind shows you a method of handicapping the race that supposedly produces more winners than anything else. While both approaches do have some truth to them, they are flawed. So what works? Good handicapping and good money management along with hard work and patience. If you buy a good horse racing system and learn how to use it and then use your own judgment that you've developed through experience, you might, and I did say "might," make a profit, but you will work very hard for it.

A good horse racing method should teach you how to use some factors of horse racing to rate horses and then you should use that to shop for good bets. You will find that it's a lot of work, but if you love horse racing and handicapping, you might succeed.