How To Use A Portfolio Of Horse Racing Systems For Betting Success

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How To Use A Portfolio Of Systems

 

Back in 2003, I developed the idea of using a portfolio of horse racing systems - essentially several systems into one package.

When following systems you should never rely on just one or two golden geese to lay golden eggs. It is far better to treat horse racing systems like trading on the stock market and keep a portfolio of diverse systems.

It will take you time to develop a good portfolio, but a good place to start is with your own methods and systems. If you can read form, and understand the concept of value, then you can develop your own methods of making good selections.

When creating your portfolio you need to spend time testing different systems and strategies until you find the ones that make a profit. You are looking for around 10-12 different methods.

After you have your systems then paper-trade the methods for at least three months to test their profitability. This means you should follow a method or tipster or system for three months to see if theoretically you would have made a profit.

Once you are happy with the performance of a particular method then proceed to award it a place in your portfolio, and start trading with actual cash.
The reason for this portfolio approach is to mirror what many stock market traders have done for many years in the City, which essentially spreads the risk.

We all have seen successful racing systems go through bad runs, and this approach is designed to account for a system or systems that are going through a difficult, losing spell - the other systems will then balance out most of the results.

This is ideal if you want a smoother ride with your betting and do not want too major ups and downs with your wagers..

The portfolio approach should give punters this smoother ride with shorter losing runs.

My idea therefore was to find several systems that would potentially produce a fair profit on a yearly basis.

The aim was to eventually have between 10 and 12 systems to put into the portfolio and i have now achieved this.

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The Correct Gambling Mind Set Strategies From The Professionals

Horse Racing Guide To Choosing A Reliable Tipster Service

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Have you ever considered how horseracing tipsters can estimate the winners of races better than most punters who bet using their own methods?

Well when most tipsters start out they are pretty much the same as other average gamblers, being interested and often disappointed in trying to choose the horse that will win a race.

What drives them into the higher ranks and distinguishes them from your normal gambler? It is the experience and the information that they will have obtained after many years of being interested and engaged in horseracing.

From my perspective it was many years studying other professional's techniques and actually visiting racetracks that established my expertise. The problems occur of course when you have to sort out the knowledgeable informed and therefore more efficient tipsters, from the not so knowledgeable and efficient ones.

When you seek advice from a racing tipster or advisory service, the fact is that you're using their expertise and experience of being able to recognize which animals can't win and which could win, and in many situations there are definitely horses that cannot win.

I once questioned one of the well-known horse racing advisory services in the UK, although for self-evident factors I will not give you their name. He is regarded one of the top individuals in the tipping game and seems to be on both TV and radio stations.

He exposed during the interview that he became enthusiastic about horseracing from a very youthful age, and used to journey to race meetings with his mates. Having seen some racing and backing a few winners he felt immediately connected, and that's how he got into the scene.

One factor is certain, no matter what type of racing assistance you use there is never going to be such a factor as a sure-fire bet, but should you discover horses with winning credentials at value prices which improve your possibilities of choosing successful selections considerably, that is for sure. The key is how do you look for these value ones? I'll now describe some of factors to look at out for.

Reliable Racing Tipsters - What You Should Look For.

The first factor I recommend individuals to do is get in touch with their potential tipster. I know this may be obvious and almost elementary; however it is an excellent way to begin developing a relationship with them.

A few email messages to begin with should suffice; ask about their racing background and achievements. Try to identify the length of time they have been offering selections and advice to punters and how they got into the racing game. Do they focus on UK or worldwide racing or both?

Ask them how effective their strike rate is. Anyone who states they have never had any losing runs can be removed from your records immediately, as can the tipsters who declare to be able to create you wealthy instantaneously with a strike rate of 90%.

If they are asking for a registration or one off fee for their advice then ask them if they can provide you a trial period of say one month of their selections. If they're authentic and they're eager to improve their client base, then they ought to assist you in testing their horseracing tips.

Once again, anyone who comes across as hesitant to do so, or difficult, to deal with should be dropped. Furthermore, you are certain to begin developing a viewpoint of them after a while and your gut reaction may well tell you that they are not reliable.

Should you trust your gut instinct? This is difficult as you're never certain to know whether you've chosen the right option, until you've subscribed to a tipster. It is important to test a service for free, and then at least you're not losing cash to find out that the tipster service you've selected is not appropriate for you.

It is a combination of interrogation and a bit of gut reaction tossed in, but seriously this is simpler than you think. By asking particular questions, some of which I have outlined in the following article, you will be able evaluate the better tipsters from the weaker ones.

As you ask more questions and begin to get a connection with a tipster, you should then begin to think whether or not you feel this is right, and whether he can be reliable to provide you with some value winning selections consistently.

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