Old documentary rescued from VHS after 15 years in the loft. It follows City Trader, Racehorse owner and mega-gambler Terry Ramsden's attempts to get back his millions
When I go into my regional bookies there are some frequent gamblers I can almost be assured they will always bet there. They will take a quick look at the racing post tipsters, make out a quick betting slip and place another bet. They will do this one race after another either until the bookies shuts or they run out of cash. Usually they run out of cash.
These days there are that many race meetings, with perhaps four of five meetings in a normal week day there could only be 5 or 10 minutes between each event. Such a brief period hardly gives them time to research the form of even the first three in the betting forecast. So they would probably do just as well using a pin to choose their bets
The sensible gambler knows that you cannot and should not bet in every event. Actually if you want to enhance your possibilities of becoming a frequent victorious punter it can pay to specialise in just one area.
In other terms become a professional in some particular area of horseracing and this could offer you the advantage that you need to become a frequent winning gambler.
In the UK there are 3 different kinds of horseracing, all of which are now have almost all year round events. They are Jumps Racing, Flat and All-weather racing. A few horses switch from one type of racing to another but most just stick to one discipline.
It is also possible to narrow this down even further. In flat racing you can focus on 2 year old maiden's only or classy handicap races. This would provide you with the opportunity not only to research the form of the horses but also understand something about the trainers as well. Which ones are likely to deliver a 2 year old out for its first competition willing to win and which like their horses to have an easy first run to get used to horse racing.
In Jumps racing you can have chase's, hurdles and national hunt flat races , Again it can pay to choose one area . For example there are some trainers who have really excellent form in the national hunt flat competitions and it can pay to stick with them.
Select an element of racing that you have a passion for, understand as much as you can about it, learn from the outcomes and keep useful information. It is not only going to provide you an advantage of the punters in your local bookmakers, it will also offer you an advantage over the bookie as well.
So to summarise, in order to generate some great earnings within horse racing is beneficial to focus on a certain specialised market. The general mug gamblers will often bet on every race. They are going to follow expert's viewpoints, paper tips, telephone tipsters, racing papers tips, all in the hope to generate earnings quickly.
There's no such thing as fast cash from gambling and it takes work to generate a maintainable income from betting. By generating a market for you to focus on is probably one the most useful steps. Once you've perfected a particular market, there is no reason that you must not then decide to move on to another if you can handle the time to analyse two or maybe three at once
Paul Coleman is a keen horse racing follower who specializes in UK racing.
You can get my free selections by visiting http://www.racing-expert.co.uk
Documentary examining the winners and losers in Britain's gambling revolution.
Source: Britain at the Bookies - BBC One
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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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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