Horse Racing – A Statistical Approach To Betting On Horse Racing

Is a statistical approach to betting on horse racing the best strategy to win on horse betting? That question should remain unanswered because it depends on how accurate the statistics that you come up with from your research are. Yes, research is needed in this approach.

Some punters may say that the statistical approach has helped them win every bet, that may be true if they do not bet on horses for a living. A professional punter will never say that they win every bet, however a statistical approach might help to increase the chance of winning.

Number of runners, for instance, is a statistical approach that is discovered through analysis from many races during many years of research:

It is said that to maximize the potential of a win, a favorite should be selected in a race with as few runners as possible.

The statement is made according to the statistic that:

Favorites have a 50% chance to win the flat races when there are five or less runners.

When there are 6 or 7 runners, favorites have only 39% chance to win the race.

The percentage goes down to 35% when there are 8 or more runners.

Does it always work?

In gambling there is no such thing as certainty. That is why people keep researching to increase the win rate.

However, a statistical approach is a good system that is worth considering. There are many e-books about horse racing betting system available on the net. How effective are they? Some of them are very informative and useful. Some of them offers only a bit of information that you might have already known. This which means they contain only the basics of horse betting.

Australian Betting Sites

There are numerous betting websites sites but only a few are well known and have earned a good reputation. If you are interested in online gambling and you are living in Australia, here are some of the trusted online betting websites to give you an idea.

The first ever licensed online beting site in Australia is International All Sports Limited (IAS). This was established by Mark Read who is considered a Bookmaking legend in 1996. IASbet, which is the website’s name, is licensed by the Northern Territory Government and Queensland Racing in Australia. Thus, this will ensure that the money is safe and the winnings are paid every time.

Another online bookmaking website would be Sportsbet. Sportsbet claims to be Australia’s number one online betting agency and they’ve got numerous promotions to offer to those who will join their website. Sportsbet is owned by Australia’s oldest licensed sports bookmaker which is Matthew Tripp.

In addition to Sportsbet and IASbet, another website that is starting to make waves when it comes to online sports betting is Centrebet. Centrebet is offering sports and horse racing markets. This was first licensed in 1992m and in 1996; Centrebet claims that they were the first licensed bookmaker which offers online betting in the Southern hemisphere.

Among these many online betting websites, IASbet is considered to be the most popular and it truly has garnered a good reputation among the online betting market. Although there are also other good online betting websites, these mentioned websites ensure that the money is secured and winnings are given immediately.

Sports Betting Systems and the Psychology of a Winning Sports Bettor

If I had a nickel for every forum title I read that started out something like “Can you really make money betting sports?” I would be the richest man on the planet. Fact: If every bettor lost all the time there would be no sports betting market. It is that simple. I am a winning bettor. I don’t have to pick the paper up anymore and study statistics all day. It took some hard work to achieve this status. If you are tired of losing money and want to start making profits, keep reading.

Let me provide you with some basic statistics for the sake of the discussion. There are over 6 billion people in the world. Lets say only 3 billion are adults. Of those adults, only 10 percent bet on sports. That is 3 million people that bet sports. Of those 3 million people, only 2 percent actually make a living betting sports. The other 98 percent lose money. That leaves 60,000 people in the world who profit from betting sports for a living! These numbers are extremely conservative; it is estimated that over 200 million people ALONE will bet on the Superbowl in a given year. Not only is it possible to make a living betting sports, it happens every minute of everyday to real people just like you.

I have identified three crucial issues that keep amateur sports bettors from turning professional and turning profits in their sports betting careers.

1. The single biggest problem with those who lose money betting sports is a lack of discipline.

2. The second biggest problem is non-application of any substantial sports betting systems to keep you consistent and on target.

3. The third issue is thinking like the typical square bettor and not like the bookmaker.

I will address all of these fundamental betting flaws and give you a glimpse on how a winning sports bettor thinks and acts.

One of the best ways to lose your shirt over the long run is bet chasing. Scenario: You thought you had the lock of the century last evening with the first game. You lost that bet on some unbelievable nonsense, maybe a back door cover in a game that was long over for both teams. You got angry, saw the next game of the night coming up and impulsively doubled your bet for game two to cover your losses from game one. Then, since you had no real system in place to keep you in check, that game ends up a loser as well and you are now down big. Everyone has done this, and I am no exception. This is the lack of discipline I am talking about. You will lose some nights, just like your 401k will lose value some days. It comes with the territory. Bet just that one game and if it loses, cut your losses there and tomorrow is a new day.

There are tons of sports betting systems that exist, but some are very good if you have the discipline to follow them verbatim. Most sports bettors do not have the time, patience, or inclination to hypothesize, test, analyze, retest, and apply sports betting systems. This is why most sports bettors lose over the long haul. There are professionals who do have systems in place and are happy to share those systems with anyone who thinks they have what it takes to follow the system. You MUST have a system in place that keeps you on the winning path. Betting random games night in and night out without proper research is no formula for success. It is fun, but it is a money loser and that is not why you are here. You are here to become a winner. Remember, you will lose some nights. You will lose and losing is not fun. With a sports betting system in place that has been proven to win, over the course of your investment you will make money. How much you make and how often is entirely up to you applying discipline and consistency to your sports betting systems.

Think like the bookmaker. It has been said that books are only concerned with having an equal amount of bets placed on both sides of the same game. That way, with the vigorous factored into the game, the bookmakers earn a small profit regardless of who wins the game. This is a half truth. Yes, this is one way books make money. If you think that books won’t bait you into thinking a line is too good to be true, knowing that you, the general betting public, will pounce on that bet (a sucker bet or a trap bet) I have a bridge in San Francisco to sell you CHEAP. The real money for the bookmakers is in those games that are bet heavily on one side (and subsequently lost) by the general public. If a line is too good to be true it probably is. The bookmakers know the public loves the favorite. They also know more about tonight’s games than you could possibly research. They know you don’t have the discipline to stop while you are ahead (or down for that matter). They know you have no clue what sports betting systems give you an advantage. They also know that you think like an amateur bettor. This is precisely why you are not making money.

In my betting career one of the affirmations I would continuously rehearse was to never, ever think like the general betting public. Zig when others zag. It became so much more than just that but it was a start. The next thing is to trust the individuals who have paved the path before you. Put a system in place and follow it with precision and accuracy. Those sports betting systems exist and are being used every day. Over time, you will win. Winning translates into profits. Start winning and you will be able to do things in your life you couldn’t have dreamed of before. People every day are winning consistently betting sports. This should be you.

The History of Online Sports Betting

Man, by virtue of his instinct to survive, is naturally a gambler. Given the risks of living day-to-day life, it was considered an act of skill to stay alive until the sun sets, especially during the Stone Age. As the human race began to develop systems that would facilitate the physiological need of survival, the gambling instinct that was inherent in man did not dissipate. Rather, it became stronger with the passage of time.

The gambling instinct, simply put, is displayed early into the history of human civilization. The Romans were notorious for their fierce and unforgiving gladiator matches, which were mainly violent at least and visceral at best. By 80AD, the emperor Titus then conducted the first official ceremonies at the Colosseum, and thus the festivities had begun. Slaves were pitted against each other in mostly battles to the death, and sometimes against wild beasts as well. Spectators relished the thought of betting on their favorite gladiator, hoping that he would live to see the end of the glorious battle.

But as time progressed, the violence of the human sport had proved to be too much for some, and gambling has been reduced to animal fights. Of course, this has been around even before the human blood sport of gladiators, but they had become highly popularized in certain parts of Europe -particularly Spain, Portugal, the United Kingdom, France, and even some parts of Asia such as the Philippines and Indonesia. Among these fights were bullfighting, cockfighting, and fox hunting.

As European influence spread more and more all throughout the continents of the world, the thrill of betting soon became a worldwide phenomenon. Gradually, the hunger for the sight of blood was soon surpassed by the promise of amassment of wealth. The stakes were high, but made more appealing by the rise of establishments such as casinos. Betting was never more enjoyable.

But alas, the collected momentum of sports betting was halted abruptly by the coming of the two World Wars since activities such as race meeting and lotteries became severely restricted. Its return only came in the mid-1950s and soon flourished again.

Not to be outdone, sporting events still remained strong in gambling circles, as events such as horse races, basketball matches, and baseball games just seemed to beg for more incoming bets. The rise of communications technology also facilitated the development of sports betting, with phone betting becoming an attractive option to those who live far and away from the games. Companies such as Intertops in Antigua started this as far back as 1993.

When the Internet finally came out for public access and personal use, the betting world evolved into a more closely-knit community. Globalization served its purpose in connecting the world in ways previously thought inconceivable -after all, who would have thought that you can bet on a game halfway across the world with such ease? In 1996, a company in Gibraltar called Microgaming took advantage of this trend and began developing software for use in other gaming companies all over the world. Others soon followed suit, and thus online sports betting as we knew it was born.