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Why Do Most Punters Lose Money When Betting on Horse Racing?

By: Christopher Temple

Most people who bet on horses lose money. You may be one of them? In earlier times your losses would find their way into to the bookies, more recently much of it will have been pocketed by clever punters who use the betting exchanges to relieve you of your money. Today, even with an equal chance against other punters, you and the other 98% will nearly always lose.



So why is this? There is a very large amount of helpful data available to you, and with the coming of the pc you can download and deal with it to assist with your selections. Yet you lose.



I believe that it's the system you use (if you use a system at all). A first class system makes all the difference. Once you come up with a system that really works (and works for you - which is even more important), you will be well on your way to enduring success.



It is widely believed that only experts and professionals can create, develop and perfect winning horse racing systems, this is simply not true. Almost anyone is capable of developing a wining horse racing strategy. Even those who know little or nothing about horse racing betting systems.



Can you be one of them? Well, it takes a calm and logical approach, and if you are not calm and logical, and bet using such scientific parameters as the horse's name or the jockey's colours, then you are going to have to change the habits of a life time!



There is a huge amount of form surrounding each horse, and all of that data is readily available to you in order to make your selection. There is also a huge amount of statistical data, and the best winning horse racing systems tend to use some sort of combination of the two. The last and sometimes the most important facet of any racing system is intuition, and this you can only develop with experience. You can't bottle it and sell it, and it's very hard to teach or transfer. It's all about experience.



Form (data) relates not only to the horse you are researching, (whether it's improving or not, whether it likes the conditions, whether it likes running after it's had a long trip etc) but particularly to the form of all the other horses in the race. It's no good just picking a horse which is coming into form and then ignoring the knowledge that some of the other runners are also coming into form too (which is very likely).



Then there is data relating not to the horse, but to other things like weather (is it likely to rain, does he like heavy going), course (has he won here before, and if so -when), quality and reputation of the jockey, draw (is the horse drawn at the centre of the line or over to one side, and if so is it the favoured side or will he be at a disadvantage there).



Also take into account the quality and recent form of the trainer - are his other horses doing ok too? Is he in the top 20 or (even better) top 10 trainer lists?



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 important data includes the horse's age, sex, how long since it last raced, its best distance compared to the distance it will be running this time), and so on. The difficulty is in deciding which data to give weight to, and how much importance to give to it in relation to the other information you are using for your new horse-racing system.



I design winning horse racing betting systems, I also review and test other people's systems too. I can tell you with certainty that some of the very best and most profitable racing systems currently available were developed by interested or gifted amateurs (well I suppose we're all amateurs really, you can't go to college to learn this stuff).



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: Free Content Articles Directory

Chris Temple has a successful forex career. He has authored several books about Forex, winning horse racing systems and on choosing the best winning horse racing betting systems

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