Horse Racing Software - Three Things You Need To Watch Out For
This article is written with the intention of showing the pitfalls of horse racing software and what you have to do to avoid mistakes most people make. You also learn about the three things that you have to look out for when you go looking for the right horse racing software
Convincing aren't they? I've been reviewing horse racing software, systems and tipster services for over a decade now and some of the claims are quite astonishing.
The purpose of this article is not to give horse racing software products a bad name, but simply to point out the pit falls. I am hoping that by lifting the lid on the myth about these horse racing software systems that you the punter (or horse racing enthusiast), will be able to avoid the mistakes that many others make.
This article will cover what I feel are the top three things you need to look out for, if you're in the market for making some money from betting on horse racing. A lot of people that I speak have previously fallen fowl to the so-say capabilities of horse racing software products that are readily available, and the last thing I want is for you to add to that list.
Why Do People Find Horse Racing Software So Appealing?
In a word; laziness. These days we seemingly have so little time on our hands, and so the thought of making some extra money and quickly is an obvious attraction.
In previous articles and white papers I often refer to the classic 'if itís too good to be true, it probably is'. A simple search on the internet will show you countless websites who all claim to be able to make you a millionaire overnight, whilst sitting in your pyjamas and with little or no effort on your part.
Do you really believe that is how the successful and wealthy got to where they are today? I thought so.
Things You Need To Watch Out For - Number One
And so this is really the very first thing that you need to look for in a horse racing software product, or even any horse racing service or system that you see advertised. Does it sound too good to be true?
The normal tell tale signs are vastly over-inflated claims of what you can win. If it appears that by using this racing system you'll be able to give up work tomorrow, think again. This should really start the alarm bells ringing.
As you may or may not know, I run a successful horse racing tipster service, however one of the key things we teach is that you have to start small and build up your winnings. Unfortunately, there is no such thing as an overnight success, it does take a little effort.
Things You Need To Watch Out For - Number Two
My second recommendation of what to look out for is exaggerated strike rates. I am sure that you've probably seen them, claims of eighty per cent or even ninety per cent strike rates for winning horses, but yet again this is simply unrealistic.
Of course, guaranteeing you a hit rate of almost one hundred per cent is going to sound appealing isn't it, and this is the hook for the many people that have fallen for this ploy. Itís almost because a horse racing software product is made from software, that many people believe it has this mystical power. I'm afraid not, otherwise we'd all be buying them.
Many professional gamblers struggle to get a fifty per cent strike rate, however they make sure that the bets they have provide sufficient profit, which ensures that they could potentially have one winning bet out of five and yet still make a profit.
In essence it is about how you stake and the prices of horses, rather than the regularity and amount of winners that you get. This is why it is simply not feasible to back favourites all of the time. Favourites on average win thirty per cent of the time, so you'd be guaranteed a thirty per cent strike rate, but of course the prices would be too low to make a profit.
Things You Need To Watch Out For - Number Three
The final thing to beware of is this; do you really believe that there is software out there that can accurately predict the outcomes of races?
In my experience, most of these horse racing software products are pretty good, as they gather up all of the racing statistics, horses form and the details of the course, but what they're doing is just looking at statistics and trends. This may be ok when looking at the stock market, which does have an historical set of trends to go by, but this is horse racing.
Horses are not machines, and despite the fact that horse racing software products will look at all the statistical evidence that you could throw a stick at, this simply isn't enough.
Yes, it may show you that a particular horse favours Ascot, however other factors such as the type of race, the competition (other horses involved), the jockey on board and the going (racing conditions) all play a part.
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ABOUT THE AUTHOR
Cliff Thurston is the owner of Grosvenor Racing Club, which provides horse racing tips to its members. You can also read his renowned horse racing blog for up to date views and news. Cliff has also interviewed several high profile racing experts and these can be accessed via his sites.