What's a Horse Racing System?
In a nutshell, a horse racing system is a set of rules you have to follow when choosing a horse to back up. You may have developed your own rules through the years, or maybe you have picked up a system and found that it worked well for you because you had more wins than losses. Newbies choose horses on the strength of their popularity. Perhaps, this is how you choose the horse to back during a race. Suffice to say, this is your system. Or maybe you take more steps beyond looking at the newspaper and evaluate how you should bet on your choice. In this case, you are not backing a favorite, but relying on value bets that will bring in profits and fatten up your bankroll. Whether you're in the big league or in the small-time bracket is not important. Your horse racing system should be able to make you modest profits from your investment.
What the Bookies Are Not Telling You
At the races, when you are shouting yourself hoarse for your horse to win, there's another screeching for the same horse to loose. All the while, the cookie is relaxing with a beer (except he placed a bet too). The bookie is relying on the difference between your bet and the laying bet of the other fellow who is praying for your bet to lose. The difference between your book and the other fellow's bet is the bookie's commission or the Vig. This is why youre better off subscribing to online betting sites.
What To Avoid With Online Bookies
1. If you are using online bookies for your horse racing system, do not be too lazy to debit your Internet account. It's another way of saying do not leave your bank with yourookie. Instead, put your money in the bank where it will earn money for you. You can do this if the site does not charge for debits / withdrawals.
2. Do not put all your eggs in one basket. Opening different accounts will deter you from placing large big bets. You will notice that books are offering attractive rates to get customer loyalty. Try comparing the exchange prices from Betfair, GGBET, and Betdaq to see what's going on.
3. Avoid ridiculous prices posted by some punters. If you see bets offered for 1. 01 at 2, 000, someone is giving you the opportunity to bet on a horse at 1-100. This will give you a win of 20 for your 2000. Layers will prefer to call off their bets to avoid getting burned and that will leave you slim odds. Report this immediately if you spot this.
All these warnings are just the preliminary steps you have to take when starting your horse racing system. The crux of the matter is all in the betting system.