Profitable Horse Racing Betting Strategies. What's Your Angle? Part 1.

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Author: Daviesmike

Betting On Horses â€" The Analytical Approach

All professional horse racing punters will give you the same advice - making a living from horse racing betting is not just about identifying lots of winning horses.

In developing a strategy you must identify ideal horse races, ideal bets, and ideal prices. Only this way can any racing punter expect to get the edge over the bookmaker or the other punters working the betting exchanges.

Its interesting to note that most successful horse racing punters come from a rather similar background that results in them adopting an analytical approach to their betting.

They are often people whose careers are based around analyzing large data sets. Often they are from financial backgrounds, stock market traders and experts, information technology professionals or other computer and data operators.

So many punters who bet "emotionally" rely on terribly imprecise snippets of data from uncontrolled sources.

For example an emotional bet may be the results of hearsay, mates in the pub or a celebrity pundit on TV saying that you need for example "a high draw in the 2000 Guineas".

But what does this throw away comment actually mean when transferred to

a/ A list of odds mentally converted into probabilities of winning. b/ Actually making a profit from placing a bet on a race horse at your local betting shop or on Betfair.

Race Selection

On any given day there are at least 4 horse racing meets in the UK and at weekends there may be up to 6. Racing Post racecards indicate on average around 30 races on any given day.

It is not physically or mentally possible to even attempt to analyze this many horse races.

You need a quick method that will reduce the number of horse races that you are looking at as even remote betting opportunities.

In layman’s terms you need to specialize.

During the process of specializing on specific types of horse racing you may start by asking yourself - which types of horse race are going to be the most profitable?

From a business perspective this is obviously a sensible approach, but in reality this is the wrong approach.

The reality is that you should specialize in types or aspects of horse racing that you get most satisfaction from watching or analyzing.

I say this for no other reason than that you will be watching a lot of these horse races and if you are not enjoying watching and analyzing your horse racing then you will not last long in the betting business.

There are so many ways to specialize:-

• Specific race tracks. • Higher grade racing. (more reliable results)

Further choices for specializing are limitless:-

• 2 year olds juvenile racing. • Sprints racing. • National hunt hurdles and chases. • Racing over a specific distance. • Flat seasons. • All-weather. • Handicap racing. • Conditions racing. • Draw bias.

And many more.

You will not be able to analyze them all and you must make the most of the best form periods.

For example if you are specializing on the flat the high summer season is crucial with evening racing to add in as a further complication.

As I say, what is most important is that you select a specific type or genre of racing.

Whatever the subset of racing that you enjoy most should become your specialty and by specializing, your ability to acquire knowledge and process the massive data sets required will be tolerable and even enjoyable.

My techniques in the Betfair Race Trading Formula, particularly dutching and bookmaking show how to look for race types that have the right betting "shape" in terms of starting price and this is a sound fundamental approach.

The main determinant in the shape of the starting prices for a horse race is the strength of the opposition.

For example rather than just being a clear-cut favorite there may be several horses in a race that show recent improvement and progression therefore making the race more competitive.

This can lead to great opportunities for multi horse betting â€" dutching.

For the betting exchange layers, a competitive race may lead them toward laying against weak favourites.

In one of my own professional techniques - Dutching against weak favourites - I show how when you find a weak market leader you can bet the progressive horses against the favourite.

This is an outstanding strategy as oppose to straight lay betting. As I have explained before, with lay betting you are not always obtaining good value.

In the end it’s all about creating a strategy and betting methodically to your own style and strengths.

These are the primary characteristics for punters who ultimately turn professional or expand their betting to become a profitable hobby or part time business.

And even more satisfying, people who bet methodically with a plan are those that the bookmakers fear the most.

For More Betfair Exchange Betting Horse Racing Tips, Profitable Horse Racing Betting Systems and Betfair Trading Strategy.