It's up to you to learn how to be good punter! In general most punters lose because they lack certain qualities. Less than 2% of punters worldwide show a profit at the end of a racing season.
It's a fair thing to say that most punters lose. I'm sure the vast majority reading this article would agree with those comments. But why? - With careful study of people, there are typical trends that follow the losing gambler.
Not having a plan. If you don't have a plan, you can do nothing. It doesn't matter whether it is for investing on a horse or buying a new suit. If you don't have a plan, you'll buy a dress and if you don't have a plan the horses you invest on will lose you money.
I have closely monitored many aspects of the racing and gambling industry. The 'online forums' have been very informative, especially when dealing with other people's opinions.
One area of discussion I frequently have come across is the opinion that there is no system - no one can use a system and systems don't and cannot work!
This is not true...... Whilst it is true that there are no winning systems (that is to say, a system that will win ALL the time) - One must still have a system of operation.
Yet - these same people all use a system or some version of a system to select the horses on which they bet. They study the form, they study the ratings, attempt to do their own handicapping or whatever, all deny they use a system, but do it every day. YOU HAVE TO HAVE SOME KIND OF SYSTEM or plan.
If I were to hang the daily form-guide on a door and throw darts at it to select my horses, THEN I AM USING A SYSTEM. - every day I will throw darts at the form guide, select my runners, and go bet on them...this is a system.
Not a good system, but still 'a system'. I am following a daily a plan.
You must have a plan, if you don't have a plan, then you will get no-where with horse racing. Even by throwing darts, you can get lucky! - But we are not discussing being lucky. We are professionals and it is our aim to learn how to invest on horses, and MAKE A PROFIT ANNUALLY.
There are numerous publications available showing you how to Win At The Races every day and how easy it is to do it....blah blah blah... you know the ones I am referring too. But, just think for a moment, it is NOT as easy as often made out - however it can be easy when you understand the RIGHT way to do it.
Firstly consider who has put out this wonderful NEW publication which has been designed to make you fortunes...every day, every week...and all so easy too... who has written this information?
Often these plans have been written by someone who knew nothing about horse racing, even ten minutes ago! and yet they are giving YOU instruction. Again OFTEN by someone who has just left school, Internet savvy and have had a few successes on 'The Betting Exchanges' - and writes a book about it. One really has to give this some thought.
Secondly, these so called wonder systems half of them have only been tested as long as it took to write the book!
By all means check out the good publications... but avoid the others.
Another aspect on this subject to consider is, most if not all of these publications show only one side, the successful side. Not one that I have read deals with horses that LOSE and not one deals with losing runs! - These are cardinal points to know and understand. When betting on horses, you are ALWAYS going to back some losers and ALWAYS going to have losing runs.
You must know how to counteract this and still make that profit. Not one of these publications discuss this side of racing.
Punting can be easy - and it should be too... my axiom has been - KISS - 'Keep It Simple Sweet' - You'll often find systems so complicated it's mind boggling... sometimes purposely written in this manner to make you believe they really have the 'answer'...Don't be fooled by such rubbish.
We are taking a look now at why most punters lose. The first thing to learn are the attributes of a professional, you need the following characteristics:
Most punters lose and one reason for this loss of money is not having any, or enough patience, backing almost every race at every track everyday with no hope at all of ever coming away with a profit, not even a small profit.
To be successful when punting, you require PATIENCE and the will power NOT TO DO THE ABOVE. - When there is no bet available, DON'T BET - Don't manufacture a bet just for the sake of it.
Professionals carefully choose the animal they are going to back, according to the PLAN they follow. In most cases perhaps just one bet in a day, perhaps two, possibly just one bet a week. - They make no further bets and go home - WITH A PROFIT.
Being Inconsistent with the method of selection, or the method of staking, or both. One cannot select a runner or bet in this manner. Find your plan of selection. Find your plan of staking and then stick to it. Do not swap and change all of the time.
Many punters are of the mind to win a fortune in a day. It can't be done. Some punters will have a few lucky breaks, get a couple of hot winners and for the sake of greed put the money on a another horse, usually one they might not have chosen... you know the story, of course it lost. They had a profit but by stupidity gave it all away.
Discipline is a combination of all the above attributes of a professional punter. A plan is essential - A staking strategy and knowledge of how to select the horse you are going to invest your money on. - don't be greedy. - Professionals know they cannot win a fortune in a day. YOU must be disciplined enough to religiously stick to these attributes, there are NO short cuts - you have to do it.
You Need: Patience - A Selection Method - A Staking Plan - Consistency - Discipline - Will Power and don't get greedy!
About the Author: Free daily horse racing selections. A website dedicated to offering FREE Daily Selections for the UK and USA Horse Race Meetings and publishers of the best selling publication My Mathematical Formula.