SPORTS COVERED: Horse Racing
WHEN IS COPY AVAILABLE: 7pm on Friday
HOW DO YOU TRY AND HELP BETDAQ PUNTERS:
It is not easy to make a long-term profit from betting on horses, but it is not impossible either. In any form of betting, if you can consistently bet on an event occurring at odds that are greater than the true odds of that event occurring (or lay an evert occurring at odds that are less than the true odds of that even occurring), then in the long term you will make a profit. That is the key, that is the premise on which all betting should be based.
I try to analyse races as dispassionately as possible, assess the evidence that we have, compare each horse’s chance in the current conditions against its current odds, and try to determine which horses in a race are over-priced and which are under-priced. This is very different to trying to determine which horse is the most likely winner of the race. Most of the horses that I back lose, but, if you are doing this correctly, the winners’ odds should dictate that the profits accrued from backing the winners will be greater than the losses incurred from backing the losers.
BEST PUNTING TIP:
It’s all about the odds
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