Archives for January 1, 2018

A Look Back at the Best of Horse Racing in 2017

Racing! Time to look back at the best of horse racing moments in the year 2017.

Los Angeles Times Full coverage

Source: Racing! Time to look back at the best of 2017

Become One of the 5% of Punters Who Win with Horse Racing! 

Guest Post: International Correspondent

When you start implementing Optimal Betting strategy you will quickly see improvements in your returns. This theory is relatively easy to learn, too. 

Start Winning More When You Bet on Horse Races

If you are reading this article, it is safe to assume that you are interested in finding ways to win more when you bet on horse races. Unfortunately, or fortunately, most people are not able to pick a winner when it comes to horse racing. In fact, estimates say that as many as 95% of all horse racing punters lose money at this game.

Fear not, however, as the reason that most punters are not successful when it comes to the betting NZ and the rest of the world provides is because they are not like us. This means they do not study form and horse racing, and they do not have a game plan for studying form and betting on horse racing events. In short, they are quite happy to throw their money into the pools impulsively, and simply hope they get lucky. We, on behalf of the 5% that do make money on betting in this fashion, should be grateful!

 

You Need a Sound Strategy to Manage Your Money 

It is not possible to win at horse racing betting, or in any other type of gambling, in fact, without a healthy money management plan in place. What, you may ask, constitutes a valid money management plan? In two words, Optimal Betting.

 

Optimal Betting and the Kelly Criterion 

Optimal betting takes for its base the mathematical principle called the Kelly Criterion. This recommends that you determine what percentage of your bankroll to bet based on your edge over the game.

How to Work Out Your Edge 

Your edge can be expressed as follows:

Edge = W – L/R odds

W:          the percentage of horses that win the race (your win percentage)

L:            the percentage of horses that fail to win the race

 

R odds:  the average win payout, which will be based on R1. in order to determine this, take your

average totaliser win, subtract R2, then divide by 2 once more. Bear in mind that, if you do

not know both your win percentage and your average tote win, you need to start keeping

track of these immediately.

An example of your edge can be calculated using a win percentage of 25% and an average tote of $9, i.e. $9 – $2 = $7, divided by 2 = $3.5.

Edge = 25 -75/3.5 = 3.6

In this instance, Optimal Betting theory holds that you should bet between 3% and 4% of your bankroll on each of the wagers you place.

young attractive British racegoerYou Need to Know Your Edge 

As far as Optimal Betting is concerned, it is very important that you always know your edge. This means that you have to start keeping betting records, as this will allow you to discover what your win percentage and average tote win is. Betting records will additionally help you to identify your strengths and weaknesses as a form student.

A more conservative approach to managing your money would be to bet a flat percentage of your total bankroll on each of the horse races you wish to wager on, for example 2%, or as low as 1%.

Implementing this single strategy will quickly see you starting to see more returns!