I've just been reading a series of interviews with successful pro gamblers and three key points stood out from the interviews. Today I want to share them with you and expand a little on them.
“Find a favourite that is too short and play against it” – Stephen Harris
This is a favorite method for a lot of layers, in fact the False Favourites method uses this methodology.
Basically this means look at short priced favourites and pick holes in their credentials. Find reasons why they cant win and why they shouldn't be the favourite. If you are a layer then once you have a false favourite you would then lay it. Stephen prefers to back to win and so his quote suggests that the next step is to find an alternative winner for the race, who will be at a value price because the favorite is false.
“Only bet when the price is wrong” – Kevin Pullein
This quote sort of follows on from the first, but more specifically what it is saying is don't ever bet if you think the odds are fair! There has to be an advantage to you IE the price must be bigger than the chance of the horse winning.
Using the old analogy, if you are betting on the coin toss you must get 11/10 at least.
“ROI for Show – ROC for Dough” Graeme Dand
I've written about Return on Capital recently, but to reiterate all our betting is restricted by how much money we have available to invest. If we can make best use of that money by turning it over frequently on low risk low return bets we will make more profit than having to have smaller bets because we need to hold a big bank for longer losing runs.
Interesting stuff I hope you'll agree. Although the key factors for betting success are pretty well known I never tire of being reminded and being prompted to think again about my own betting.
You can get the full interviews as a freebie from the Secret Betting Club – Click Here.
Today's Selection
1.20 Ascot Mentallist – win bet 3/1 Hills