Why Do So Many People Lose So Much at Horse Racing

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

Why is this? There is a huge amount of useful data available to you, and with the advent of the personal computer you are able to freely download and process that data in order to help with your selections. Yet still 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.

Could you be one of them? Well, it takes a calm, logical approach, and if you are not calm and logical, and bet using such unscientific parameters as a horse's name or a jockey's colours, then you are going to have to change your habits.

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 are stats relating to other factors like the weather (is it going to rain, does he thrive in heavy going), track (has he won here before, and if so -how recently?), quality and reputation of its jockey, the draw (is the horse drawn near the end of the line or in the centre, and if so is it the better side or will he be at a disadvantage).

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 important data includes the horse's age, sex, how long since its last race, its best distance compared to the distance it is running this time), and so on. The secret is in deciding which stat to take notice of, and how much importance to give to it in relation to the other stats you are using for your new system.

I conceive what I hope are winning horse racing betting systems, I also review and test other people's betting systems too. I can tell you with some certainty that many of the very best and most profitable racing systems now available were developed by gifted amateurs (well I suppose we're all amateurs really, you can't go to any college and 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!

Final comment: - If I gave a winning system to three other testers and asked them to use it for a month, exactly as I designed it, they would come back with significantly different winnings! Peculiar eh? It seems that however hard we try, even when using the most mechanical of systems, any human interaction with that system leads to widely varying performance. But that is for another editorial

One conclusion I almost always come to after horse-racing system tests, (and I have carried out several), is that the largest difference between a winning racing system and a losing one is the individual who is using it!

If you would like to look at my latest system, or look at the reviews and reports I have prepared on other horse racing systems, do take a look at my sites. They also contain a huge amount of useful and interesting horse racing articles, information and resources.

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