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Betting Strategy
All selections will run in National Hunt Handicap Hurdles/Chases. They will have won their previous races and will be quoted in and around the favourite range in the Racing Post. Concentrating on runners to lay that satisfy the above criteria allow the punter to target the most heavily traded area of the market.
Laying long priced runners on the exchanges leaves the punter open to the possibility of losing a large proportion of their betting bank. A sequence of two such long priced runners defying the odds could wipe out weeks, if not months, of steadily gained profits depending on the stakes employed.
As with any speculative market, discipline is a prerequisite to success. The various horse- racing forums on the web carry countless posts by punters who allow reasonable profits ebb away by overplaying the market. To ensure a steady profit it is essential to trade only when the odds are in your favour.
Given that all selections will have won their previous outings we have to expect results to go against us on occasions. Therefore you should never stake more than 5% of your bank,
in terms of your total liability, on any one wager.
Combining a disciplined approach and stringent money management techniques the punter has a greater probability of staying in the game and, in monetary terms, staying ahead of the majority of fellow punters.
The following quotation noted from a text many years ago defines, in essence, the nature of successful speculation.
Successful speculation lies through pessimism of the intelligence and optimism of the will.
Pessimism of the intelligence requires a careful, prudent assessment of the risks and returns associated with any position. If the prospective returns do not appear to justify the risks involved a speculator will simply stay out of the market. Success requires the patience to go on waiting as long as it takes for the odds to swing decisively in your favour.
Optimism of the will requires that, once you are sure the odds are in your favour, you stick to your assessment no matter what the crowd is doing.
By definition, for the odds to be favourable to the speculator, most of the money must be betting in the wrong direction.
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