One factor that you will understand as you study horse racing form is that you need some type of methodical technique to be successful.
Just studying previous races and trying to choose a winning horse or putting on a multiple bet such a Yankee is an excellent way to waste a lot of cash and end up very puzzled. When I started backing horses I tried this type of method and ended up giving my local bookmakers a lot of my hard earned wages.
You need an efficient rating method so you can then you can evaluate the horses and the odds on offer from various bookmakers and come up with a reasonable value bet. A reasonable value bet is a bet that the odds on offer are better than the horse's chance of winning in your estimation. In other terms, if you bet the horse twenty times at those odds, it will win enough times that you will gradually make profit ahead.
Creating ten per cent revenue is no little accomplishment when you're handicapping horseracing for a living. It all begins with finding an excellent efficient way to rate the horses. I'm not saying there's only one way, but I do believe there is place for several techniques.
First of all, some individuals try to use one single angle such as following a certain trainer and pin all their hopes on that. They may bet the horse with the best speed rating, class or the horse that has won most at that track and rely on it winning.
One single aspect of handicapping can be efficient if a horse has a big enough advantage. However, a horse that is outstanding in any one area it will usually be bet down very seriously. It is difficult to get reasonable odds on such a horse.
Then there is another way. Some handicappers use a final ranking or score to assess each runner in the race. Each aspect that is involved in the rating system such as class, form rating, course and distance and speed is given an individual points rating and then they are added together. That final rating figure can then be compared to the odds on offer by bookies to discover some value.
Knowing the possibility of a horse crossing the line first can give you some excellent winners. For example, if your final figure gives a horse a 50% possibility of being successful, then you look to find a price better than evens odds
I usually lean toward handicapping ratings techniques these days and make a few final checks before placing a bet. Some final checks are that one of the top jockeys is riding the horse, the trainer in not out of form. And the horse can handle the ground conditions.
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