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Why Do So Many People Lose So Much at Horse Racing? - By: Christopher Temple, Posted on: 2007-08-10

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 then? There is an enormous amount of very useful data available to you, and with the arrival of the personal computer you can freely download and process that data to help you with your selections. Yet you still lose.

I maintain that it's the system you are using (if you are using a system at all). A good system makes all the difference. Once you come up with a system that actually works (and works for you - which is most important), you will be well on your way to long-term success.

It is commonly thought that only the proficient and the professionals can craft, progress and finally achieve a winning horse racing system, this is not entirely true. Almost anybody can design a wining horse racing strategy. Including those who know very little 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 solely to the horse you are researching, (whether it's improving or fading, whether it likes the conditions, whether it likes running after a long trip etc) but particularly to the form of the other horses in the field. It's no good just selecting a horse which is coming into form and ignoring the fact that several other runners are also coming into form too (which is highly 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 form of the trainer - are his other horses doing well too? Is he in the top 20 or (better) top 10 trainers listings?

Another piece of information which it is wise to know is how far the horse has travelled to take part in the race. No trainer is going to subject his steed to a very long drag in a dark and heavy horsebox just to get some on-course training. No, if he is taking the horse a fair distance (say 200miles in the UK), then he believes the horse has an excellent chance of winning (and his information will always be better than yours).

Other random but relevant data would include the horse's age, its sex, how long since its last race, its speciality distance compared to the distance it is expecting to run this time), and so on. The secret is in deciding which stat to take notice of, and how much weight to give it in relation to the other stats you are using for your super-system.

I design what I trust are winning horse racing systems, I also test then review other betting systems too. I can tell you with some confidence that many of the finest racing systems were created by amateurs (we're all amateurs I suppose, you can't learn any of this at any school or university).

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 testers and asked them to use the system for a month, exactly as I had designed it, they would return with substantially different winnings! Odd eh? It seems that however much we try, even with the most mechanical system, human interaction with the system leads to varying performance. But that phenomenon is for another article

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 learn about my latest system, or look at my reviews and info on other horse racing systems, do visit my sites. They also contain a large amount of very useful and interesting horse racing articles, racing information and betting system resources.

Article Source: http://articleowner.com

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