Betting on Horse Racing. The Pro Tutorials

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1 Betting on Horse Racing The Pro Tutorials Peter Sackville Pro-Punter-Secrets.com Warning - Betting will always carry an element of risk. Though this ebook details systems and strategies used by professionals to negate this risk, no responsibility can be accepted by the author or contributors or affiliate promoters for any losses incurred by any individual or collective group. By downloading or using this ebook you are deemed to have acknowledged this fact and bear full responsibility for any actions you take based on the information contained herein. Always keep your betting back separate from your day to day finances and NEVER bet with money you cannot afford to lose.

2 Betting on Horse Racing The Pro Tutorials Welcome! Hello and welcome to our 'Pro Tutorial' report, designed to plant the seed of at least one progressive new idea or thought into the mind of the readership (no matter how controversial). If we achieve that - mission accomplished. Our goal is to help others help themselves by giving something back. Those that succeed in this harsh but most enthralling of gambling exploits are those wishing to learn more to earn more. The very best in this industry are wise enough to know that no one man knows it all. All we can do is share the most valuable lessons we have learned in the time that we have spent in the industry. After a couple of years of my fledgling betting career, many years ago I became cock sure of myself and thought I had mastered the game - in two years! In hindsight, I just did not understand the amount of information that needed to be assimilated over the coming years. No matter where you are in your life, how much you have achieved, take a step back and consider what you are attempting to achieve. If you consider your life and realise that you would actually be better off out of the game whilst concentrating on other things then maybe now is the time to be honest with yourself. There is a proportion of the racing and betting community that just do not have the control it takes to blend racing and gambling harmoniously in to their lives without causing damage, financial or otherwise. Identify yourself! Learn where you are to learn where you are going. There are three types of punter as far as I see it. Firstly those that bet for fun, a thrill or just a weekend interest. You do not take the game too seriously in the sense of an investment opportunity. You bet small stakes and mainly for fun. You have more to learn; the same as everybody else and any information assimilated can only help your enjoyment of the racing game. The second group are the 'HP Punter' (Haphazard Punter). You really want to succeed with your betting, however if you are completely honest you have no real idea how to achieve this. Frantically

3 following every new system or method to hit the streets, and moving between them erratically and without question. It is fair to suggest, most of you do not want to take the time to educate yourselves with a deeper understanding of the racing game. You really just want to profit but more often than not, this is actually the last result. As we know the saying - 'Piss Poor Planning Leads To Piss Poor Performance!' Many of you would do well to calm down, back away and consider what you are attempting to achieve. You have more to learn (the same as everybody else) and would do well to do so! Our last group of punters are the 'New Season' punter. Educated and willing to learn, these people know that winners do not stumble upon profits from this game by luck. They know that the harder they try and the more they learn the luckier they become'! Which Gary Player famously once said with never a more true word spoken?. You have more to learn to earn more and you already know that! We are not overly interested in which category you might hail from, but we are interested in helping as many of you as possible. We know from experience also, that only a certain percentage will WANT to learn and that others will waste their own time finding fault and creating negative feedback. If you think that you know it all, and that nobody in the racing world can offer you advice then I ask you now. Why are you even wasting your time reading this book? You really should be away reading something on personal development! We do not guarantee that every word is the absolute and only solution, and we certainly do not advise that you take any advice too literally. We offer our opinions freely and to many a mind one or two of our opinions might seem controversial. The one piece of advice I would suggest now to all readers is: "ALWAYS FORM YOUR OWN OPINION" You must learn to do this, as the majority of the time, the majority are not correct! If they were, the bookmaking industry would not exist because it could not profit.

4 Be very careful who you listen to! Many have their own reason to try to force an opinion on the open marketplace in order to swing the odds in their favour. I removed myself from the 'internal' racing community many years ago because if you are too close to the 'rumour mill' it can be hard to stay focused and to not be sucked in by the latest news and opinions that so often unsurprisingly go astray! This manual is not written for those that want to place large win single bets on hugely odds on two year olds that all the dogs have been barking about. This manual and the future work to compliment it has been designed for those that seek to think outside of normal parameters and to learn to know when the dogs may be wrong so that value can be found. For all those genuinely prepared to stop and think - we salute you and welcome you to our way of thinking!

5 The one thing all professional punters have in common is. Betting strategies are plentiful and new winning ideas are created every day of the year. However the one strategy that must be adopted by every serious punter on the planet has been around since chalk and board! It is a fact that still to this very day a massive majority of those betting on horse racing or any sport for that matter, do not keep a record of what they do! Indeed these so called investors like to forget their bad days in order just to remember the good. In all seriousness, can you imagine a professional trader getting away with, or indeed not wanting to keep a record of his or her investments? It just would not happen. Yet there is a massive probability that indeed you do not use this most fundamental of betting strategies. To record your activity is very straight forward; it can be achieved with something as simple as an Excel spreadsheet that is kept up to date after every bet. This type of simple accounting should be considered one of the most important basic methods that every successful punter uses, without fail. If you are a frustrated punter and you only end up losing when you bet on horse racing then ask yourself this one question. Do you record every, and I mean every single bet that you place? If you do great! If you do not then as from today you have a simple choice and one that really can change your betting future. Why should you utilise this most basic of betting strategies? Firstly and most importantly, you will know at any one point what your overall profit and loss figures are, along with the exact total of your gross betting bank. It is safe to assume, the majority of punters who do not record their history, do not even know at the end of the year if indeed they are in profit! The bookmakers adore you and it is you guys that keep the industry afloat by creating levy and profits for the bookies with your losses. Believe it or not for some, this situation will actually be acceptable, because they are not taking the game seriously as an investment strategy. These individual sports betters are doing so for fun, more than likely with small stakes. If they win great and if they lose, well they had some enjoyment in the process.

6 Why else should you record every bet you place? Over time a record of your bets will help to show your strengths and weaknesses. Where you thrive and where you fail! This again is of crucial importance and can help you to minimise losses. Remember, minimising losses is as crucial as maximising any gains! One of the other main benefits to this most crucial of betting strategies, is the need to sail a tight ship. You will find it much harder to place 'fun' bets that you are not fully committed to when you are forced to remember it on your hard drive. This helps with again minimizing losses through controlling bets you were not fully committed to and will help your profit and loss figures, this is almost guaranteed. For those wanting to succeed, and create a great second income stream or indeed even a main income stream from betting on horse racing, you absolutely must adopt this process. If you take your betting seriously and you want to make one change today that can really help. This is it, no excuses start today and do not place another bet until your spreadsheet is in place. If you would like a free copy of our own spreadsheet that we use ourselves please just click here Pro-Punter-Secrets.com if you go through the sign up process, this will give you access to this book which you already have. However you will then be sent the download link to this superb free tool that simply every single punter should use! You have no excuses; this one is done on a plate for you! Sign up today to get this amazing tool for free. This advice if acted upon can help you transform your betting success and strike rate. Consider that this is one of the most important of betting strategies you must adopt and will cost you nothing!

7 Financing the project There are many betting strategies that are purchased by hundreds of thousands of gamblers all over the world, year in and year out. Our aim to is to create an A-Z of learning material that can be used by the most novice punter and also referred to by the most esteemed professional. We are about to discuss money management, again one of many crucial everyday betting strategies that the majority fail to master. Before you even invest your next penny or dime betting on horse racing, please consider the next question: Do you treat your betting activity as seriously as you would if you were running your own investment strategy with stocks and shares? If you have answered a sincere yes, then GREAT! However please still review this work. If you have answered no then you need to digest this article thoroughly. Defining purse strings! There are still so many countless thousands of punters who dip in and out of their bank accounts or cash reserves when they 'fancy' a flutter. That in its own right spells disaster because it highlights a lack of control or indeed planning. Have you set aside a completely dedicated bank of funds in order to bet? If not then you begin today. No matter how great any advice or potential bet may seem, you must never mix your betting money with that of your living expenses. The only way to do this is to separate the funds that you can immediately afford to lose! You may use cash in the shops, you may top up your Betfair or bookmakers account. Whatever you do, from day one you must do this. Money you can afford to lose! In all seriousness, this dedicated betting bank does need to be a sum, and source of money, that if you lost it all. Would not have a direct impact on your ability to fund your life, pay your rent and feed your stomach! I know it sounds simple, but many neglect this idea. No matter how large or small this dedicated bank might be. It is your betting lifeline and when combined with the power of the techniques we are going to discuss in this report, forms the very basic foundation of your betting strategy.

8 Staking plans are another lesson altogether, but this lesson or indeed calculation, can only be made once we have set aside the necessary building blocks for our investment fund. From the ground up! It is possible to create major long term profits even when starting with a small fund. Be sure that you can afford to 'miss' this money whilst you put it to work. I would recommend that it is money that you are able to invest for at least for six months if not twelve. We aim to create enough profit to return this initial investment back to our bank once it has been made to work. All the time this money is helping to create profits, it is more use to you than it would be in virtually any bank account if invested wisely. This is one of the most crucial lessons that you must implement right here and now, should you want to achieve betting prowess. This really is simple, but one of a few crucial stepping stones and betting strategies that will set up you up for a golden future.

9 Paper Trading In this series of betting strategies we are looking at ways and means of taking our betting prowess to the next level. Again this block of work is as crucial as any other with so many great punters failing to follow this simple and cost effective method. It is a lesson well learned! I am sure many of you can relate to this next statement! Nearly everyone at some point would have heard their mother say 'well if little Johnny told you to jump off a cliff - would you?'! (Replace Johnny with the name of your most troublesome juvenile friend!) So who do you trust? Wealth Warning! We have to set the ground rules early in a life of professional punting, as the losses if chased can be exponential and serious. Now we don't want to concentrate on any negative outcome, however all lessons must be in place to avoid them where possible. When you next purchase a new betting system, book, betting service or choose to follow any form of information or method to pick winning bets. The one and only thing you should do before attempting to back the selections with cold hard cash is to paper trade the idea first. Sounds obvious right? Paper trading, is literally the thorough testing of any service in theory, without actually placing real money on the selections. To do so correctly you must follow the exact procedures as set out in any betting strategy to the letter of the law and record the theoretical results in our free spreadsheet which you can get by signing up here Pro-Punter-Secrets.com I can rest assured when compiling works like this, those who do not heed the necessary warnings and pretend to know better, WILL BE those who suffer long term. By that I do not mean I want anyone to suffer, however those that are not too proud or arrogant to listen will be better rewarded than those that are not! The 'paper trading' idea has been around for years. This most useful of betting strategies has helped countless thousands of people avoid losing tens of millions of pounds or dollars over the past half a century alone. With the invention of the internet bringing more cost effective advertising by many an unknown face. It is more important than ever to test theories before putting them to use!

10 I purchased a betting manual years ago and spent eight weeks perfecting my use of the system. Going through this process helped me to understand the techniques that I needed to know to create a second income. In doing so, I managed to learn the processes without stress or risk. Let's be frank, avoiding the risks where possible in this industry, is key to success. Test any system or method for at least two months if not longer before putting your money down. When combined with the other lessons in this work it will serve you well. Within this time frame you are very likely to understand whether you should continue using the betting method you are testing. Most betting strategies or methods sold, especially if digital types of information product like this report are sold with money back guarantees. Make the most of any sixty day money back guarantee and put the system to the test during this period with paper trading. You will then know indeed whether you want your money back or not! Using this most basic of betting strategies will mean, should you not wish to continue with the method or idea. You could actually end up having not spent a penny or dime having tested the system, if indeed your money is returned, with no risk or loss to your betting bank. Now that is what I call a win - win situation.

11 Focus on one method at a time Reducing risk, whilst maximising gains is paramount to every successful punter on the planet. Even the most hardened professional will use simple betting strategies that they know work. This next step in your development is one strategy that you absolutely must adopt if you want to make money. I have tried and tested many services and systems in my own education. When I was younger I read as many books as I could and listened to the ideas of those that had passed before me. There is nothing fundamentally wrong with following any potential service or system. We ourselves run our very own racing advisory services Pro-Punter-Secrets.com We do however urge all of our members to follow this advice. One at a time please - One at a time! I was speaking with a revered colleague recently, a man very well known in the betting industry. He was telling me about a problem that he faced whilst running one of the most successful horse racing advisory services in the world. Members kept coming back to him to moan that they had lost money using 'his service'. This was pretty frustrating considering he kept a definitive record of all syndicate bets placed and they were making money, good money! How does that compute? The very reason behind these members actually losing money when they were being given winning advice is simple, and a lesson to all. Instead of just following the professional advice that they had been advised, these members thought they knew better. So with the same betting balance were placing their own fancies and selections derived from other sources. Hey presto, these more often than not were losing minimizing the actual gains that should have been made from his world leading services!

12 What is the message? Loud and clear, you can always run two services or systems side by side, no problem. It is unlikely however that you will uncover two really profitable systems that complement each other. If you insist on using more than one method it is imperative that each one is followed using its own dedicated bank of funds, with a solid and safe staking plan for each. If you have paper traded as advised in our earlier chapter. Then once you have found one of the best profitable services, systems or strategies around, why try to complicate matters? You are much more likely to create more profit whilst concentrating on using one solid method. There is always a risk that when using more than one, both could hit a losing run at the same time, threatening your betting bank. The message is clear, be very sure firstly that you have two betting strategies that work before implementing both. Losing with one, whilst you gain with another is no quick route to betting success! By paper trading over a period of time, you can deduce whether or not you should switch to or use another betting method at the same time. A huge number of punters are very guilty of trying out a new system or service for a short period of time, only to switch to another service after a few losses. This wandering mindset will get you nowhere, leading to only frustration and loss. Members of the aforementioned service had a tough few months leading up to one Christmas a few years back. All members just sticking to the advice of my friend were up around 150 points for the year. The year ended well and the service remained around 200 points in profit by the end of the calendar year. A couple of ante post bets however landed a huge touch at Cheltenham and realistically the money invested in the previous year actually returned well over 400 points. You need to give any service time to prove its worth. Spend more time considering which method to use and less time jumping ship. If you re staking well, then you can absorb losses whilst accumulating long term profits with consistent winners. In the pursuit of gains, punters forget what they are trying to achieve LONG TERM PROFIT.

13 Understanding the Bookmakers Book For those new to horse racing there is much to learn, with a whole world of do's and don'ts that you need to learn to stay on the road to profit and to enable you to enjoy making money betting on horse racing. One of the key things that you must understand is how any bookmaker creates his or her 'book' and how that may affect the way that you approach your betting. The 'book' is simply the term used to describe the group of prices that the bookmakers create on any one horse race or any potential betting event! It does not even have to be a sporting event, all betting markets even political or television betting markets are created using this principle. So when you watch horse racing on the television and you see the chalk boards (digital these days!) that display the prices for that race, this is the representation of a bookmaker s book. To the untrained eye there may seem nothing amiss, however you need to be warned that there is, so consider this one of today's most valuable racing tips! Something that every single person betting on horse racing or indeed any event or sport for that matter. You would do well to learn this as quickly as possible it is known as the overround! Put simply, the bookmaker is not just in business in the chance he or she might make a profit. They are almost guaranteed to, because the prices on offer allow a profit margin. To work this out, you simply need to work out the real price of all selections in one event. Adding them together will not equal 100 (%) which you might think; they are guaranteed to be greater than! To calculate any horses price back to a percentage is very easy to do, and goes like this. 100 = The fair percentage/sum of all events occurring. A= Profit ratio of win return B= Stake ratio required 100 Divided by (A+B) = Multiplied then by B = % Chance

14 If you do this calculation you will realise that any race or event when betting with the same bookmaker will show an overround figure (greater than 100%). In a four horse race, a bookmaker may choose to price up each horse at odds of 3/1 (4.0). In this book, were he or she to take equal amounts of money on each horse, they would break even, as each horse would have a 25% chance of winning. In that the four runners have combined implied "probabilities" of winning of exactly 100%, this book has no overround. Long term the bookmaker would not be in profit as there is zero profit built in to this book. In a four horse race, a bookmaker is more likely to price up each horse at odds of 5/2 (3.5). In this book, were he to take equal amounts of money on each horse, he would make a profit of 14.3% on turnover. Therefore to do this all the bookmaker has to do is create their book with prices for all selections that include a built in overround margin. As the money comes in prices are adjusted accordingly to that this overround is protected. There are instances where a really well backed favourite will lose the bookmaker money on one race. However long term, just like casino's the bookmakers have probability and the odds stacked in their favour! The one thing to note is that the bookmaker s advantage is increased in relation to how many horses or indeed viable selections there are to bet on. This creates a higher overround and in a race like the Grand National can help the bookmakers to potentially larger profit margins. So understanding that in theory the bookmakers advantage is reduced with less runners, you now know therefore that you stand a higher probability of winning as you bet against a book with a lower overround. You are now able to appreciate where these prices originate and what they mean. When combining this with further education you begin to understand what price a horse really should be before you consider if it retains any investment value. This is one of the most crucial betting tips for beginners and one that will serve you well throughout your betting career. How can you understand the Holy Grail that is 'value' if you do not perfect your understanding of how the book is created? Dave Nevison is a very well known professional punter. He writes for the Racing and Football Outlook once a week and it is well worth a read. His entire approach to betting is one based around seeking value, and bets when the prices are as he deems it, wrong and offering value in his favour. Essentially he turns himself in to the bookmaker, creating a 'tissue' of his own prices. When the prices are considerably greater with the bookmaker or exchanges this is when he attacks. I could not agree more with this approach, however a word of caution. You must be accurate with your own opinion of prices before you can judge whether there is value to be had.

15 Level Staking If you do not learn from day one how to manage your finances and place the right level of investment you are in trouble! There is nothing more frustrating than a long losing sequence. Many punters are thrown off course by this psychologically damaging state as profits plummet and losses increase. It is very common practice for most amateur punters to be so shaken by this very scenario that they lose their minds and control trying to stay afloat, often chasing losses. There are those that bet, and those that invest, which is a huge difference of mentality. I am not saying that professional punters do not gain satisfaction from seeing their 10/1 shot win either, of course they do. However they will have not put more than they could afford to lose on one bet, in the hope that it will save their betting bank! One of the most crucial betting strategies known to man is...? A Staking Plan What we mean by a staking plan simply put, is an organised method that creates an automatic and unemotional decision as to how much money we should place on the next bet. It is common knowledge amongst those experienced in this sport that emotions do not serve you well when betting on horse racing. The more we can remove them from the system, the better. You will come across one very basic staking plan time and time again, so now is the time to explain level staking. This system is sound and a good place for novice punters to start. It is exactly how it is described, Level Staking. Therefore you would calculate how much your initial investment bank is and then calculate a point or percentage value. Most divide their total gross bank by a set amount. Some divide the bank by one hundred, some by twenty and anything in between, it is a personal choice. You can easily see that by using only one percent of your betting funds, that your winnings and your potential losses would be less dramatic than when using five percent of your funds. If you cannot see this you probably should either stop betting or indeed be damn sure you can learn why.

16 The percentage you choose is actually more crucial than just for choosing how you will stake. Every human being has their own comfort zone, and it will differ between us all. My own personal staking plans have seen me using up to ten percent of a bank, this however is very high risk and not recommended for beginners. You can work towards this strategy later in your betting career if needed. Let's imagine we choose to use a five percent plan. We have 1000 as our initial betting bank. The maths to work out our consistent 'point' value would look like this: 1000/100 x 5 = 5% (1/20th) = 50 We can see using this very simple formula, that indeed we are now ready to place 50 on each bet that we place. You can see that we have the ability to back up to twenty losers in a row before wiping out the entire betting bank. Therefore consideration must now go in as to how confident we are regarding our system or selections. I would personally recommend those new to betting to start with as low as a 1% point unit value. This way you get used to placing bets, using this betting strategy and you can now have up to one hundred losers before your bank is gone! We are going to be discussing more complex, leveraging staking plans as used by professional punters later in this work. This method will be used by likeminded punters around the world who take their betting seriously. For many punters who have scratched their old way of just placing any old amount dependant on how they are feeling, or which jockey is booked. This most simple of betting strategies has helped take their betting to another level and stay in control. You will see how easy it is to use this basic method of stake calculation which can help you take control. The fact that the amount you have to bet is predetermined for you with a quick calculation means you no longer place a bet based upon how you feel about the selections chance. This emotional factor is removed and this is how we wish to invest long term.

17 Staking Continued - The Ultimate Staking Plan Betting strategies don't come much better than the staking plan we are to discuss here, seriously this is a very powerful betting technique. One thing is for sure, most amateur punters do not take the time to create and consider the use of a quality staking plan. This one can help take you from zero to hero. This plan is so powerful, that if you know how to pick winners you can increase your bank very quickly. I personally use this staking plan at all times and managed an increase of over 4000% on a starting balance of only 200 within three months! It is incredible to think that many punters to this day still do not realise how a staking plan can make or break seasonal P+L figures! It is hard enough often to find winners, what you must do is leverage any victories to your advantage. By that I mean, when you win, you must be winning as much as your bank allows. The opposite is true with losses, the hit must be contained and in proportion to your betting bank. Many punters, especially those new to the game will utilise level stakes betting. This is a great way to start and is recommended for all novice punters. The following plan is for more seasoned racing enthusiasts to get their teeth in to. The Most Powerful Betting Strategy Bar None Is -The 5% Cumulative Staking Plan This most powerful of betting strategies is particularly good because your next investment takes in to account the profit or loss from the last bet placed. So let's start with a 1000 bank for example, using a set point value of 5%. Therefore we start with 1000/100 x 5 = 50. Our first bet would be one point to win. If you were to win 7 points at 50 per point because of a 7/1 winner your bank would now be = Our 5% cumulative plan takes in to account what 5% of your bank is at all times. In this example we now place 5% of 1350 = 1350/100 x 5 = per point. You can quickly see how this system with good results ramps up your bank dramatically. If on the other hand our selection lost, we would now do the following math loss = 950 bank. Therefore 950/100 x 5 = per point.

18 As you can see the maths are simple, and if you cannot work these figures out, you should not be betting. You can easily see that the more you are successful the more you are going to win with each bet that you place. Whilst the more of a losing run you have the more you decrease your bank and this is a sound way to protect your funds. There are no guarantees betting on horse racing, but utilising this type of staking plan can help to separate you from those that chase losses with hot heads! If you can pick the winners and combine it with this most powerful of staking plans you really will be on your way to achieving the kind of results you have always dreamed of. It is so easy to work out 5% of your betting bank that every serious punter should be able to manage to work with this system. Considering you are GOING to be recording every bet on our free spreadsheet there is no excuse for not leveraging your betting bank with this strategy. You can let the spreadsheet do the cumulative calculation for you!

19 Learning To Focus to Gain the Advantage Horse racing bets can be complicated and with so many types of bet available, it is paramount for the novice to learn these basics from the ground up. To gain an advantage over the bookmaker you must learn to focus on a racing niche. The one thing I learned after my first few years of betting on horse racing. Was firstly, that most long term punters do actually lose money for their first few seasons. I know that sounds crazy, but in the majority this is true. I suppose it correlates to the learning processes involved with becoming a better judge as experience is gained. Only those that want to learn more through education will end up in the elite 2% who do actually win money long term. The second thing I learned, and probably one of the most crucial lessons that I learned in my entire betting 'apprenticeship'. Was that flexibility to the betting process is paramount. Never should you think about how you are going to place a bet on any horse or indeed day, before you have studied the race card itself. I will open the Racing Post newspaper or website most mornings and rattle through the pages and cards. In fact I will now first see which tracks are hosting racing on that day and then create an order of priority. What I mean by this and the reason for doing so is to select certain tracks over others for betting purposes. You will learn over time that making good bets at one track will be considerably easier than placing winning horse racing bets at other venues. Each track is unique and it is well known that some are really hard to make money at. EVERY single professional punter will have his or her favoured tracks and a growing list of tracks where the permutations seem unreadable! Taking this a step further, I would then very quickly scan each race card at my preferred race meetings and put a line through probably at least 90% if not more, of the races on any card most days! Meaning they are off territory and not betting opportunities full stop. This attitude, when learned separates you from the 'gambler' and 'thrill seeking' punter. It does not mean I cannot enjoy watching the races and learning from the outcomes. It just means I know that my money is better left where it is for now, to be invested later when I really want to attack the bookmaker. Golden rule - NEVER place bets for 'fun'

20 You will hear the term 'specialise' by many pro punters and pundits and it is spot on! You will not necessarily learn to bet in the same types of races as myself or indeed your friends. Some will specialise in Novice Chases with only eight or nine runners. Others love flat handicaps with more than sixteen runners. The variations of attack are vast, and only you over time can work out what you enjoy. The key thing to know from day one is that with such variety of racing taking place on any one day. It is impossible for anyone human being to know it all, and be an expert in every format of racing. I am the first to admit, other professional or even amateur punters know more about a twenty three runner handicap hurdle than I do. I have learned to specialise in other areas, and they serve me well. This is a sport, for those that take their betting seriously, an income opportunity also. Learn quickly that placing regular winning horse racing bets is not about luck, it is about knowledge combined with good decision making and planning. If you learn which horse racing bets reward you best, learning to focus on these will serve you well.

21 Horse Racing Bets - The Win Single Horse racing bets come in so many shapes and sizes, it can be very hard for the newly initiated to place the most suitable bet for conditions. Every horse race has its own shape and mathematical composition, as controlled by the prices given to each horse. Learning when to use the win single bet is crucial to maximising your profit and loss. This, the very King of horse racing bets, needs treating with respect! This chapter is solely concerned with the 'win single'. With this bet you literally place your stake money on one selection to win the race of your choosing. If it wins you are paid back profits in relation to your odds, plus your original stake back. If you lose you lose it all! A 10 winning bet on a horse priced 3/1 would return you 10x3 = 30 (profit) + 10 (stake) = 40 returned which means you are 30 in profit. If your selection does not win the race, you are standing with a 10 loss. This bet is the simplest of all bets. There are two outcomes, you are either right or you are wrong. There is no middle ground here and for this reason alone, the win single is for the experienced or well informed punter only! The majority of horse races in the UK are based on some form of handicapping system. This means horses are allocated a weight to carry in the race based up all known recent or past form. With so many competitive races every day, you are statistically likely to come up against at least a few other horses that stand a good chance of beating your bet. One crucial thing to understand is that many horses run in races that they CANNOT WIN! Why? The ancient art of hoodwinking (or trying to) the handicapper is an art form all of its own. So we have people whose job it is to assimilate an educated rating on any horse s recent form (handicapper). This decision will then define the horse s chance next time out. Look at the comment above, 'the horses are allocated a weight to carry in the race based up all known recent form'. Well many people, could in theory make sure the recent form is poor in order to increase their winning chance on a day when they would like to win, a day of their choosing if you will. This can be done by running a horse over a distance (trip) that it cannot perform well at. Or maybe on ground conditions that do not suit (going). It may be a combination of both! You can learn to study when a horse might have its' optimum conditions, just know that this happens and regularly!

22 So with just this basic summary in mind, understand that placing a win single bet has great potential for big winnings. However there is no safety net for failure. You need to learn so much before you can place win single horse racing bets with REAL confidence. Over time, your own punting education can lead you to this point. The next time you consider placing a bet, just think about how likely it is that you are either right or wrong, because that is how your bet will be judged. Wins singles can be the most satisfying of horse racing bets; however you need to learn when best to use them. We regularly advise win single bets on our own racing services as we use many years of experience to know when we have conditions, including price on our side. No service on the planet can hit 100% winners. What we aim to achieve and you should do the same, is long term you are picking horses that offer more price (value) than their relative odds would have you believe. This is also the reason why using a quality racing service can give you an edge. Knowing when a horse is primed before the market shows this is one key to locking in long term profits. You can see our services here Pro-Punter-Secrets.com

23 Horse Racing Bets - The Each Way Angle Horse racing bets don't come much better than this! As far as I am concerned this bet is the one bet that needs perfecting. When you learn to place this type of bet wisely, your betting success can and will - sky rocket! The very ultimate in horse racing bets for sure, especially when combined in the each way double. If you need to learn more about this type of bet check out our website as it is something we specialise in => Pro-Punter-Secrets.com/EWDElite We have already explained the basic use of the win single bet in this series. We now need to focus on the use of this most useful of horse racing bets. It is not the easiest thing to explain to those new to the game. However every single horse racing punter must adopt this approach when conditions suit. I personally know one of the greatest horse betting minds ever to grace this planet, he like myself and many other pro s use this approach daily to make money whilst betting on horse racing. To place an each way bet, is simply to place two bets at the same time. Instead of having your entire 10 stake on a win single, you would place 5 each way. Each way being, you now have a 5 win single bet and you also have a 5 place bet. Place meaning that your horse needs to finish in the official places for a race to collect that part of your bet. If you hit the jackpot and your horse wins, then you are paid out on both sections of your bet. If your horse were to finish outside of the official places then you would lose your entire stake money. Psychologically each way betting when you know what you are doing is far superior than backing win singles. It is easy to rack up a string of losers when betting to win only. However, with experience well placed each way bets are far more likely to show a return. The place part of the bet can be used to protect the win stake if the mathematics are correct. Please see below for the official place terms for each way betting.

24 The official places for a race vary with conditions, but currently the conditions look like this: 2-4 runners - No place betting allowed 5-7 runners - 1st and 2nd one quarter the odds 8 + runners - 1st, 2nd and 3rd one fifth odds Handicaps runners - 1st, 2nd and 3rd one quarter odds Handicaps 16 + runners - 1st, 2nd, 3rd and 4th one quarter odds You can see clearly that in races with less than four horses, no each way betting is allowed. Example: 10 each way bet (Totals 20) on a 4/1 horse that wins in a 14 runner handicap would return: WIN RETURN 10 (each way stake) x4 (winning odds) = 40 PLACE RETURN - 40/4 (1/4 place term win) = 10. The sum of the two returns equals your profit = 50 profit. The same 10 when the horse finished 2nd, 3rdwould look like the following. Now this gets confusing, remember you have to calculate what the sum total of your win bet WOULD have been and then divide this by your place terms. This will then give you your return figure for the place part of your bet! 10 each way bet (Totals 20) Win place loses - 10 (win stake lost) + 40/4 (place term win) = 10. You lose the 10 staked on the win side of your bet because it lost. You win 10 with the place return and also receive your original place stake back. Returning your 20 stake and losing or gaining you nothing. Now you can see how to cover your stakes with shrewd each way gambles! You will get used to the numbers as you progress, and it will become easier. In time you can calculate in your mind how much your return will be. For help in calculating the potential winnings or indeed losses for any bet, use one of the many free online betting calculators. This one works very well indeed => This bet is ultra powerful if you know what you are doing. Professional punters use it all the time to basically 'hedge' their selections. They use this when either betting on a horse at a big price, or indeed when they feel that their selection must at least place with only one or two live dangers. Begin to understand that this is simply one of the very best horse racing bets available.

25 Horse Racing Bets - Splitting Your Stakes! You must quickly learn the different types of bets you can use in your war against the bookmaker, they become your ally. Learning when to use this Split Stakes method will reap dividends and help you to minimise your losses whilst frustrating your bookmaker! It is common knowledge that one of the best races to use an each way bet, is one where you only have eight horses running. Conditions are prime here for an each way attack on the bookmakers' satchels. However, frustratingly time and again you will see the following scenario. On the day of racing you find a nice looking race, with eight classy individuals up to compete. This is one of the conditions I am looking out for before studying the form (finding an edge). I know that if I do my homework properly I have a great chance of either picking the winner, or at least getting my fancy placed. The industry somehow manages to keep these eight runner races to a minimum. You will see so many of these races depleted to seven runners so many times! Damn it! Now you have already placed your each way bet on your horse which now needs to finish in the first two places for your stake protection! The bookmaking fraternity are terrified of people that place this bet successfully time and again. Especially if trying to get decent sums of money down. I can't tell you how many times I have had bets blocked when trying to put down 300 each way or more on a horse. If using a bookmaker, the telephone assistant politely goes to check with the trading department. Only to come back and say "Sorry, we can only allow you 50 each way on that selection!" Trust me this used to happen often! What you should practice is actually leaving all horse racing bets until as late as possible, just around ten minutes before the off is a prime time for me to get involved. Now let's assume that with ten minutes to go this mythical race is down to seven runners. That would now mean for me, and I strongly suggest for you. This race no longer offers the chance of an each way bet. So what are we going to do? Which of our horse racing bets can we use now if we really still like one horse to win?

26 Splitting Your Stakes If we still like the race as a betting medium, because we have studied the form and we know what we are doing. We might actually have narrowed the race down to only two or three potential winners. Ideally with this bet we are looking at getting the favourite beaten. An ideal bet would be where we have the following market: 1- 'Youonlyliveonce' - Even money (Evs or 1/1 or 2.0) 2- 'Momentum' - 4/1 3- 'Hello Sugar' - 5/1 4- 'Hellbender' - 7/1 5- 'Notsolucky' - 9/1 6-'Silver Lining - 11/1 7- 'Persistence' - 14/1 8 - Non runner - N/R Using our expert knowledge (in this mythical race!), we know that nine times out of ten, only 'Momentum' can get near this favourite. In fact in this mythical race we like the conditions, and we think that the price for the second favourite is offering value because we think it will win. We split our stakes here and we place in this example the same amount of money on both the favourite, who we think is our main danger. AND we place the same stake on our fancy to win. Therefore we have managed to place the same stake on this race as we might have done with a high risk each way bet. However we are now very likely to pick up a return from one of our selections. We do not have to worry if there are only seven runners; we just need one of our two horses to win! If 'Youonlyliveonce' wins then we lose the 10 we placed on 'Momentum' but win back 10 with our bet on the favourite. Of course when 'Momentum' wins, we accept the lost stake on the favourite but are nicely in profit from the winnings on our longer priced bet! This is a major bet to have in your betting arsenal, again when used correctly this most powerful of horse racing bets can reap superb gains with calculated and minimised risks.

27 Horse Racing Bets - Dutch Betting Horse racing bets don't come much better than this. To be honest, if there is one method of betting every serious punter should master then this surely has to be it. This article has been designed for those backing horses to win. This is much more of a long term investment strategy than an exhilarating quick betting method for those betting for fun. Dutch betting or 'Dutching' is the term used when a punter chooses to place bets on more than one horse in the same race. This method is used very successfully by professionals who realise that a profit from a combined 4/7 on investment is better than total loss on a 'oh so nearly 8/1 shot! I personally learned this method from a mentor years ago, he showed me the ropes and told me the golden rule to backing horses is to never back just the one horse in a race if you do not have really solid inside information. I have even used this method myself whilst utilizing tipping services to make sure all my bases were covered! There is no harm in that, especially if you really learn to make it pay! Once you know how to pick horses well, this method is almost unbeatable and I personally have used it as my own cash machine. The seemingly low profits from each race puts many an amateur off, however shrewd punters love using this in their betting armoury. Without getting too deep about conspiracy theories, let's just say that in many races, the best horse does not always win. There can be issues arising from luck in running or a going description being reported inaccurately. No matter how well armed with information in the paper or over the internet; there are things even the best horse backer in the world does not have control of. Dutch Betting or Dutching In essence what we are doing is turning ourselves in to the bookmaker and creating an opinion of the most likely winners of a race. However instead of laying the book overround like a traditional bookmaker. We are looking at backing the book underround! Confused? On the following page you will see a basic graph representation that explains the Dutch betting method.

28 Now as explained in the Understanding the Book section of this book. Category 1 represents the real chances of all horses/prices added together, the fair bet percentage of 100%. This theoretical book adds up to exactly 100%. The bookmaker would therefore make no money from this race. Category 2 represents a realistic horse race including bookmakers overround. The prices have been expanded and therefore add up to over 100%. The approximate 5% overround that is represented here would be the bookmakers theoretical profit from the race. Category 3 represents a theoretical Dutch bet. The individual that has placed this bet has decided that only the horses Momentum, Quick Horse and Hoofit are actually worth backing in this race. By choosing to not back the horses left out, the theoretical profit from this race is the difference now between the punters turnover (Momentum/Quick Horse/Hoofit) and the fair percentage 100%. You are betting on the horses you think can win, and letting the rags run for the bookmaker. The turnover for this bet adds up to 70%. The profit is the difference between your turnover and the fair percentage of 100%.