Whenever it comes to betting at Festivals the majority of people will struggle to make a profit. The punter tends to look at the whole card and bet in every single race. That means that over a four day festival you could be looking at placing 24 bets in a row. Personally I would limit myself to not having a bet in every race and consider what I believe to be the best bets of the day and just stick to those.
When I do bet at festivals I use a completely different betting bank to the one I use for my everyday betting and then divide this by the number of bets I’ve decided to place. For example if I insisted on betting every single race then I would put aside 24 units, or let’s say I had £100 for the festival then I would divide this by 24 to get around £4 per bet.
Personally though I spend the week before looking through the cards and what the entries are and keeping an eye on the media as to what is going on where and when. Over the coming York festival I have found what I believe to be 3 value bets each day. This means that over the four days I only need enough bank to cover 12 bets. So in the above example I would use £100 divided by 12 bets to give me £8 per bet. I know they’re not massive amounts but by splitting the bank like this I know that I will have enough money to carry me through till the bitter or sweet end!
Bank management is something that we should all think about and look into as this is the difference between make or break in becoming a profitable punter or in the words of a colleague of mine “beat those sly bookies at their own game!”
Value At The Races will be giving at least 1 value selection everyday of the York festival and you can jump on board in the knowledge that the research is extensive in going toward these selections and we’ll always have value on our side.
I’ll be back next week with more on bankroll and how best to use it for our advantage.