Good afternoon, and welcome to our new blog. This where I shall, over the next few weeks, be showing just how possible it is to make money from horse racing.
I have opened a bank account especially for this. This will be solely for betting, and kept totally separate from my personal account. I have registered the card number with six bookies for my telephone betting. This I feel, to start with anyway, is the best method.
I would add here that it is not necessary to start with £500. Any amount, one of your choice, is perfectly alright.
Now the first aim is to double our money, and re-deposit our £500 into the account from which it came. Hence, we shall not be playing with our own money from then on.
But every journey starts with a small step & I hope that you are not the type of person who falls apart if they lose one or two races, or one who expects miracles to happen overnight.
My kind of gambling, if this is not an oxymoron, is cautious. I do not throw large sums of money at odds-on horses. That way, should you lose, leaves you chasing the game, and taking unnecessary risks to recoup your losses. I would rather put money each way on a horse with reasonable ability, and at a moderate price. A small profit is always better than a loss, and should your each way selection win, you do very nicely.
What I have done, and I would suggest that you do the same, is to divide the £500 by 50. This gives me an initial bet of £10. This is for a win only, an each way bet is £5 each way. This way allows for a 50-race losing streak!!!!
I shall keep it at that amount until I have a winner. When I have a winner (not an each way place) I divide the new amount by 50.
Another method is to divide your ‘betting pool’ by 50 (win or lose) at the end of each day’s racing. This way any losing streak, should it occur, will be easily covered as your bet is always 1/50th of remaining pool.
I’m not sure how closely you follow racing, but if you do you will be aware of the almost crazy results that are the norm at the moment. It makes it all the more difficult to predict the outcome of a race.
This has made me a bit nervous giving other people tips. Today my selections are as follows -
LUDLOW -
3.20 – KARASAKL – 7/1 e/w
3.50 -HERMANO CORDOBES – 6/1 e/w
4.50 – ENITSAG -12/1 e/w
SOUTHWELL -
2.40 -MY SWEET GEORGIA
3.40 – FASLIYANNE -7/1 e/w
All my bets will be as mentioned above.
I have in keeping with the odd results at present put a small bet on a 25/1 outsider ridden by Tony McCoy in the 5.20 at LUDLOW.