At the beginning of the year I wrote about how we should set our New Years resolution for 2015 to be a more successful punter. I laid out all the things we would need to spend time on in order to achieve this goal. You can read the post here.
Last week I then covered how we should record all our bets so that we could start the ball rolling on the first section of the New Years resolution article. You can read that article here.
So with those two articles under your belt you should be doing two things between now and the end of next month. Finding selection processes and tipsters and recording all the bets as outlined in last weeks article. Once you’ve set it up it won’t take long to record all your bets each day and you’ll be well on your way to starting to make profits.
That’s that and I will leave you to set up your record keeping and looking around for selection processes and tipsters. Stick with it and at the end of February I will write more about the next section.
Onto today and I thought I’d write a little about value. Yes I know it’s something I have written about loads of times and I’m sure that a lot of you will be rolling your eyes at the moment. I didn’t call my service Value At The Races for nothing you know 😉
If you follow my articles you’ll know about how much I stress the importance of beating the SP. Yesterday for example saw me lose a total of 6.80 points from my portfolio. That’s £680 quid to £100 stakes and not for the feint hearted but for me I’m not even batting an eyelid because out of 10 selections with only one winner 8 of those selections I had odds that where greater than the SP. Now if I had 10 losers and every single bet ended with a higher SP than what I’d bet then I’d start to worry.
The way to secure a long term profit from racing is to consistently beat the market. I’m not the only one saying it as there are many professionals out there ranting on about the importance of it. Without going into the math again, if I could get 6/5 about an even money shot I would bet it all day everyday till the cows came home. The SP is the most accurate a price of a horses chance of winning a race and if you went through all the SP’s you would see that even money shots do indeed win 50% of their races. That’s £2 back for every bet you place. If I could get £2.20 back for a 6/5 bet then multiply this by 50% I’m getting a 10% return. Happy days!
So to round this week off. Read the two articles above and start to record your bets. In last weeks article have a look at my record from my portfolio and you’ll see that out of 27 bets I beat the market 21 times. That’s 78% of the time! Try to understand the relationship between the odds you are getting and the SP. Follow me closely this year and we’ll be having you betting like a true professional by this time next year.
Until next week, have a fantastic week’s punting and I’ll be back next week with more ideas and strategies to make your betting pay.
Eddie
Value At The Races
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