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Doubling your bet
One of the most touted Racing Systems ever involves doubling your bet
each time you lose.
This can not work! There have been countless
variations on this idea but, at the end of the day, it can't work.
Few people have the money, let alone the nerve, to continue doubling
their stake in this way. The exponential increase in your stake becomes
prohibitive. If you only start with a £10 bet and lose 5 times in
a row, you would have already lost £310 and would need to bet £320
on the next race. If that bet lost... don't even go there... it's too
scary!
The good news
It doesn't matter how you pick your horse or dog in each race - this
system is designed to help you win regular amounts, consistently - rather
than than trying, dangerously, to find that elusive "big win".
So, if you want to make regular profits... read on.
Racing System
Overview
- This system is free - you don't pay us,
or anyone else, a penny.
- Unique free online Betting Calculator -
helps you minimise risk, and still win.
- No premium rate phonelines or other subscriptions
to "expert" tipsters.
- No experience needed - you don't need to
know anything about betting, horse racing or greyhound racing to be
able to profit from this system.
- No big bets - too risky. This system relies
on statistics and taking advantage of betting odds.
- The aim is to win several small bets per day
- if you are looking for a big win, forget it, sorry to be rude but
you are a dreamer... please go to some other website!
- Self discipline - stick to the system shown
below and don't get carried away or get greedy, you should still win
£100+ per day.
Betting
calculator opens in new small window so you can use it while you read
this page. Go on, open up the calculator and experiment with some figures
as you follow the instructions below...
The system takes advantage of the law of averages AND the odds of your
chosen runner wining the race. Let's say you got a list of runners for
a race and randomly selected one to bet on... (don't try this!). If you
kept doing that with each race, you would get a winner... eventually.
The problem is: the problem that most people betting on horses or dogs
have, is that they would either run out of money before they found the
winning bet or that by the time they won a bet, they wouldn't win enough
to cover what they had already lost.
The secret of this racing system
This system helps you place the optimum bet
in each race you bet on, so that you DON'T run out
of money(!) and ensures that each winner you have covers
any losses you might have up to that time AND
makes a profit. This means that you don't have to have "bottomless
pockets" BUT THAT YOU ARE ABLE TO CONTINUE BETTING AND PROFITING.
Obviously with any betting system, you must expect to have losing bets,
so you must have a bankroll big enough to keep going when you, inevitably,
get a few losing bets in a row. You need to start with, say, £100.
So, you start off with £100... Then, the most important thing is
to preserve that Bankroll so that you can keep betting. You
never want to use up this £100 bankroll and have to add more.
So, when you lose - you DO need to win back enough to cover what you have
lost, as well as make a profit - but you can't risk too much (by doubling
your bet).
Doubling a losing bet is fine when the outcome of the gambles are purely
down to random chance, the toss of a coin, roll of the dice or even in
Roulette for example, but racing is not like that. All horses are not
equal, all jockeys are not equal, they both have form (or not!) and each
runner does NOT have an equal chance of winning! So, if there are, say,
9 runners in a race - there IS NOT a 1-in-9 chance of any one horse (or
dog) winning.
Use, and win with, the the bookies
own money!
[ Come back to this section when you have read the rest of this page...
]
As of today
24/07/08 if you open an online account with bet365.com they will GIVE
YOU up to £200 of free bets... £200
of free bets! So whilst you are learning to use this system you
will be able to use these free bets to improve your profits further. Nothing
like using the bookies' own money to win?
Betting Odds
This Racing System takes advantage of the betting odds given for each
of your bets and uses our special FREE
Online Betting Odds Calculator to help you plan the optimum
bet on each race. We will discuss ways of actually picking your
horse or dog in each race later but for now, let's see how this system
works.
Until you are experienced in using this system, and you have sorted out
your way of picking your horse or dog for each race, you must start small.
You should aim to have just £5 riding on each bet you make. This
may not sound much but imagine if, every day, you had several winners
where you had bet £5 on each and you were able to keep betting because
you never used up your initial £100 bankroll. It
would be easy to make £100+ per day! That is what this system
helps you to do.
Once you have seen this system bring you profits like that, you can then
think about increasing your normal stake of £5 to £10, £20
or whatever. You will of course need a bigger bankroll to start with so
we wouldn't advocate doing this yet. Stick to the £5 per bet for
now so that you can prove to yourself that this system works first.
So, you start off with a low bet, £5, on your first selection.
If you win, fine. Still bet only £5 on your next runner. If you
lose, you make your next selection and this bet needs to be based on a
combination of what you have previously lost AND the odds on this runner.
Following a losing bet you need to bet £5 plus JUST ENOUGH to recoup
what you have lost. Click
here to open our free online calculator in a new window so you can
follow this example.
Let's say the odds on this next runner were 7/2. Enter what you have
lost [£5] and the odds on your next selection [7/2]. When you click
"Calculate Bet" you will see that you only need to bet £1.43
(we round this up to £2) to win enough to cover your previous loss...
make your bet £2+5 ie £7 and you will see that you would have
£17.50 profit. Place that bet and hopefully you will win. If you
do, go back to staking £5 on your next selection.
Anytime you lose, you simply use the free online calculator to show your
optimum bet on your next runner - based on your current loss and the odds
of your current horse or dog.
You mustn't be greedy... You must stick to the principle of staking JUST
enough to recoup any losses plus that £5 on your next runner - simply
by following what the calculator tells you.
Unless you always pick outsiders with very little chance of winning you
will get regular winners/winnings/PROFIT because you will be able to keep
going without using up all your bankroll.
Remember, don't be looking for a big win, your ship WON'T come in one
day - but what is wrong with winning £100+ per
day? Tax free remember... so if you are a basic rate tax payer
that's like winning £120+ per day. If you are a higher rate tax
payer - it's £140+ per day!
How to pick winners
Odds are worked out based on the volume of bets on each runner. The more
money staked on a particular horse or dog, the lower its odds become and
it becomes the favourite to win that race because more people (including
the Bookies) think that runner will win. It's a bit like "Ask the
audience" in TV's "Who Wants To Be a Millionaire" - you
are getting a consensus of opinion to help you in your judgment - only
a BIT like Ask the Audience because the audience usually do get the right
answer, whereas in racing the favourite DOES NOT always
win!
Our preferred method is to always back the second
favourite... but NOT in every race -
only when:
- the odds on the second favourite are 2 to 1 (2/1) or better
AND
- the odds on the favourite are not less than 1/1
Otherwise DON'T BET!
As long as the two conditions above are met, we always go with the second
favourite because that runner wins often enough.
How to pick the favourite and the second
favourite
Leading up to the off, the odds on each runner can change quickly and
regularly so here is an easy way of keeping track of the favourie and
second favourite:
Look at the following screenshot (taken from bet365) of a recent race.
The odds are displayed in the normal fractional notation - the favourite
is the one with the lowest odds of 9/4. How quickly can you spot the second
favourite? Which is it?...
... it's the one with the odds of 5/2. However, what if the odds changed
again just before the off? Would you be able to quickly work out which
was the second favourite again? If you are an experienced gambler you
will have no difficulty spotting the favourite and second favourite from
a list of runners with the odds constantly changing.
If you can't do this simply click on the drop down list where it says
FRACTIONAL - circled in red on the above screenshot - and select DECIMAL
from the list. This changes the way the odds are displayed into the following:
This screenshot shows the same odds in decimal format and the favourite
is the one with the lowest number (3.25) the second favourite is the one
with the second lowest number (3.5) and when the odds change it is much
easier to spot what is going on: the second favourite is always the one
with the second lowest odds number.
By the way... the second favourite won...
Don't back a "dead cert"
If the odds on the favourite are less than 1/1 this means that it is
judged to be a "dead cert" (a runner that is "bound to
win").
Why, then, not switch your bet to the "dead cert"?
Easy: Even if it wins, people backing that runner will win less than
they actually staked. You don't profit enough to make it worthwhile -
especially if you have had one or more losses prior to that race. You
will have to bet so much more money to make up your previous loss that
it is not worth the risk... the "dead cert" MIGHT JUST LOSE.
You must never forget that THE most important thing
is to protect your bankroll by not taking unnecessary risks. This whole
system is based on proven statistical reasoning AND the law of averages
- you DON'T take unnecessary risks!
If the odds on the second favourite are not 2/1 or better OR the odds
on the favourite are worse than 1/1 - DON'T BET, wait until the next race.
BUT - don't bet if the odds are less than 2 to 1 (2/1). Wait until the
last possible moment. One of the benefits of betting online are that you
can see how the odds change right up to the last minute. Wait,
wait, wait. Quite often its the last moment flood of bets from
across the country that really identify the horse or dog that's going
to win. You wait until the last possible moment and then bet on the second
favourite. If you miss the chance of betting, because you wait too long,
there is always another race to bet on.
As long as you follow this system and use the betting calculator to guide
you in your bet - £5 plus JUST enough to cover any loss you might
have had up to that point - you will find that you maintain your initial
bankroll and begin to profit more and more and more.
It doesn't actually matter how you pick your runners. You may well have
your own method of choosing a runner in each race. This system, with its
unique calculator, works, however you choose your runners.
Back to the section about £200 of free bets
Racing Systems