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Friday 27 March 2020

Time's Too Short for the Everyday Punter

There are many reasons why people fail to make their betting pay.  

Over the years I've known many punters who still bet in the same way. For example, they bet for fun, don't worry about losing, as all hobbies cost money. That's true. But why be content with losing money when with a few pointers you can improve your bank balance? 

I think the main reason why people fail to make their betting pay is due to a lack of time to study properly. 

Readers will know I specialise within sprint racing. In fact, I have a wealth of data to help understand this niche but it still takes me well over an hour to analyse each and every race. Without the stored data, it would double the time, perhaps, maybe, even more. 

Here's the problem for Joe Blogs who loves his racing. 

After a hard day at work, who has got the spare time or inclination to assess many races and do a thorough job? 

Here are a few pointers to make your betting pay: 

The first thing I would suggest is that you need to narrow your attention to an area of racing that either appeals to you or most fun. I've seen many so-called tipsters giving tips for every race! This always makes me smile because I know for certain they haven't analysed each race thoroughly. Yes, they will find winners. That isn't hard to do. But, I doubt they make a profit if you backed all of their selections. 

I cannot tell or even suggest what area of racing you should focus but nobody can know enough about all aspects of racing: from Epsom's five-furlong dash (the fastest racecourse) to the Grand National, a stamina-sapping grind over four miles plus. 

My friend Jason only bets on 2yo races (I haven't a clue). One friend who has a fulltime job is Mick. He only bets in Listed and Group class races.  He's quite happy having just a few big bets during the year. 

Everyone has their own ideas. 

The most important piece of advice I was ever given is this...

80% of races are won by 20% of the horses!

So it makes sense to back horses that have a decent win to run ratio. Some horses win infrequently during their racing career. 

So what do you need to be looking for? Those horses that have the inbuilt ability to win multiple times. 

Saying all this, I still have to admit it's not easy to make a long term profit without a lot of time spent doing the groundwork. There will be long days trying to work between races. Evenings spent updating records - to keep ahead of the game. 

I often work more hours on my sprints than a full-time job. The difference is that gamblers are not guaranteed a wage at the end of the day, week or year. 

All I can say is this: “The harder I work the luckier I become.” 

So work hard! 

There's no other way. I know we are all searching for the easy way to make good money. But, in truth, it doesn't exist. Remember the saying: “Fail to prepare, prepare to fail” 

It's oh so true!

Specialise in one area of racing. You don't have to be a genius - just know a little more than the average punter. 

Learn this lesson. Spreading yourself too thinly will only lead to disaster.

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