You’ve got betting basics in place, so let’s look at implementing a sound betting strategy.
One of our favourites is an adapted version of the Martingale System which is often used to great effect on casino games.
Start by picking one meeting per day to bet on. In this example, we’ll use the Haydock meeting staged on Saturday, April 23.
The system starts by placing a £10 bet on the favourite in the first race. You only do this if the horse is priced at 5/4 or greater. If it isn’t, wait for the next race.
The first selection was New Comedy which won at 5/4. This gives a return of £22.50. At this point you pocket the profit and revert to the £10 stake for the next race.
If the horse lost, you would double the next stake.
The second race selection was Dream Together, which won at 10/3. The return here would be £43.33. You once again revert to the start.
In the next race there were joint favourites, so you sit this one out and wait for race four. This provided another winning favourite at 13/8 – a return of £26.25.
The fifth race on the card saw the favourite finish second, which means the £10 bet is lost. A £20 bet is then placed on the next race.
Unfortunately, this horse also lost which means a £40 bet must be placed on the final race of the day.
The 4/1 favourite Glen Esk won the race, giving you a whopping £200 return. You would then revert back to your £10 stake for your chosen meeting the following day.
If the horse had lost, your first bet on that day would be doubled to £80. If you stick to the odds and stake doubling criteria, you are guaranteed to make a profit when a favourite wins a race.