There is no doubt that horse betting is an extremely big industry. On a daily basis millions are staked on various races. The majority are losers in the long term, but there are some long term winners. How? They are using a successful horse betting strategy to create a profit, sticking to certain guidelines which ensure they are profitable over a long period of time.
What you should not do!
The first thing you should not do is turn up to a race, or log onto a betting site and place a bet based on a horse that you think is a good bet, because it raced well previously, or because the odds are high.
What you should do!
With every bet that you place there needs to be some sort of calculated risk. You don't need to win every bet, but if your profits don't out weigh your losses, then you will join the majority of losing players.
Calculating risk
So what do you really need to do? You need to assess each bet on its own merits. Take into account your chances of winning and the reward you will receive. If the odds are staked as you being a 10% favourite to win and it returns 11 times your money or more, then that is a long term profitable bet!
Warning: There is no doubt that betting is extremely risky, but people do profit from it on a regular basis. Using a horse betting strategy is one of the best ways to make money in the betting industry!
What you should not do!
The first thing you should not do is turn up to a race, or log onto a betting site and place a bet based on a horse that you think is a good bet, because it raced well previously, or because the odds are high.
What you should do!
With every bet that you place there needs to be some sort of calculated risk. You don't need to win every bet, but if your profits don't out weigh your losses, then you will join the majority of losing players.
Calculating risk
So what do you really need to do? You need to assess each bet on its own merits. Take into account your chances of winning and the reward you will receive. If the odds are staked as you being a 10% favourite to win and it returns 11 times your money or more, then that is a long term profitable bet!
Warning: There is no doubt that betting is extremely risky, but people do profit from it on a regular basis. Using a horse betting strategy is one of the best ways to make money in the betting industry!
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