One question about horse betting systems naturally seems to crop up on a very regular basis... can you really make money by following paid-for systems, or the advice of tipsters? If you knew the answer to that question you would not be on this page reading this article. But I am going to give you a definitive answer: YES and NO.
OK, so not really that definitive an answer, and I apologise for being so ambiguous. But let me try to explain what I mean.
I imagine most of us have at some point been seduced by the slick marketing and bought horse betting systems. We buy into the dream of earning a fast buck, and making easy money. I can certainly vouch for the fact I have been "sold the dream" on several occasions.
Initially you probably made some headway with the new system, but quickly saw the profits tail off, and maybe you even started losing money? You assumed you had been conned by the person who was selling the system, and you probably deleted it from your hard drive.
But I'm here to tell you that not all the internet marketers selling horse betting systems nor the online tipsters are out to scam unwary punters of their money. Because very often the system’s initial poor performance can be explained, and today I will show you how to profit from any strategy that does have a genuine "edge" over the market.
What typically happens when a new system is released, is that at first it is profitable, but as the marketing juggernaut picks up speed, and many copies are sold, the prices about the horses selected are steadily eroded. Just a small downturn in prices matched can see a system move from being profitable to unprofitable.
More often than not the same is true for tipsters. The obvious time for them to promote themselves is when they are enjoying a purple patch. Everyone then jumps on the bandwagon of "the hottest tipster in town". Take for example Mr Pricewise of The Racing Post. Whenever he lands some high-priced winners at the weekend, on Monday it is all over the newspaper and the web site. The next day loads of extra punters are eager to see what horses he is suggesting, and consequently any value in his selections quickly disappears.
Let's examine further the commercially available horse betting systems and how we can better position ourselves to have them make us a profit.
Most published systems simply do not work. Period. A credible system must at least have its foundation in logic. In other words there should be an underlying reason why, at least in theory, a system should hold an edge.
Systems with reverse engineered results that are not based on any logic do not work, and will never work. But what about the systems we read about that have been tested, and would appear to be profitable? The results if they are to be believed look good, you purchase the ebook, but as soon as you start backing the selections with your own money they swing the other way and you start hemorrhaging money. Why is that?
With systematic betting, any edge you have will typically be a relatively small one. Almost all systems are simple, and based upon form data and information from the public domain. When anybody finds a genuine edge, but reveals his methods to the public, more people will naturally be betting on the same horses and prices will be reduced. As the margin for profit was already limited, it does not take much of a drop in price to render the system unprofitable.
But it is still possible to make money from these horse betting systems.
Most punters purchase betting systems wanting to "get rich quick". They soon give up when they discover after a couple of weeks a method isn't working for them. They soon move on to the next over-hyped system currently being touted. I often refer to these types as betting 'butterflies' as they flit from tipster to tipster, system to system, but never settling on any flower for any significant period of time.
This is when a strategy may well see a return to profits. As more people desert the system, so fewer punters are backing the same selections. This is often when the savvy punter steps in to take advantage of the original edge the system was showing. It may not always work out this way, but it’s often the case that the way to exploit horse betting systems is to wait for the proverbial 'noise' of a marketing campaign to die down.
So the next time you read another one of those marketing emails about a new wonder system, my advice would be to make a note in your diary to return to it in a few months. You may well find you can then buy it at a discount. Bonus! Then start paper-trading for a minimum two month period. Do not purchase horse betting systems and make the mistake of trialing them in the middle of the seller’s advertising campaigns.
Instead put them on the back burner for a while, and you will be surprised how many times you will find it worth the wait! Just like the Guiness advert.
I hope you've found this article useful, and if you would like more information go to this web site here: Horse Betting Systems
No comments:
Post a Comment