Putting horses is one of the most popular forms of gambling thanks to the advent of betting exchanges like Betfair. But how many people really make money putting horses? Keep reading and I will share the best methods and cheats!
For many newcomers, putting horses for profit seems easy. In a 10 horse race you have 9 horses running for you if you choose to put one up! But of course it is much more difficult than that and the price you must bet at reflects your chances of winning or losing and theoretically placing at random will be a zero sum game. To explain further, let’s say you place each knight at 30-1 that is available. Every 30th horse will be a winner and their profit from the 29 losers will disappear! If we want to make money by putting horses on Betfair, we have to be much smarter.
Another system that people follow is to place the favorite. There is a statistic that favorites win 1 out of every 3 races. So theoretically they lose 2 out of 3. Again, it’s not that simple in reality and if you put in all the favorites, chances are you’ll break even at best or make small losses.
So what is the best way to earn money by putting horses? We have to be selective in the types of races, not just the horses we put on. In my example above, there are types of races and even race fields where favorites win more than 20% of the time. If we can find them and get a good price to place them, we will have the basis for a winning game system.
We can then apply other filters to identify horses that may be favorites but actually have very little chance of winning. An example is a very weak race where there is a horse that finished second in his last race. Many bettors will see you as the top contender and will back you up to win, making you the favorite.This horse has not been tested. This for me would be a very strong gap.
Beware of following the herd and be careful with random placement! If we apply some logic and do some analysis, it is really possible to make money by putting horses.
