Reducing Your Losses Betting On The Horses
If you backed every horse in all horse races in the last two years you would have staked over £3.5 million and made a loss of £914,216, a return on investment (ROI) of -25.76.
It is highly unlikely anyone would ever consider betting on all horses and instead bettors take various other approaches to filter down the runners each day, selecting the races and then the runners they want to bet on.
However, no matter what method you choose, the bookmaker odds are stacked in their favour and not yours. Making a consistent profit betting on the horses is notoriously difficult, with 95% of bettors losing money on a regular basis.
If making a profit is hard to achieve, perhaps a defence first strategy, aimed at reducing your losses, can provide a step in the right direction towards profitability.
This article explores some ways you may do this using data from the www.betturtle.com horse racing website.
Using Pick Rankings and Form Ratings As A Solid Foundation
Horses rated pick rank 1 are the horses BetTurtle believes are the most likely winners in each race. Combined with a green Form rating, the results are promising with a 34.98% strike rate and an ROI of 8.82%.
With 9,837 runners and 3,441 winners this provides a shortlist of candidates where additional filters or traditional form analysis can be applied to try and move towards consistently profitable betting.
Applying Running Style As An Additional Filter
Using the foundation of pick rank 1 and a green Form rating the ROI can be improved further by filtering on horses that are deemed by BetTurtle to prefer to Lead or race Prominently in a race.
Applying Beaten Favourite As An Additional Filter
Horses that were beaten favourites in their last race can also improve the ROI in addition to the Pick Rank 1 and green Form Rating filter.
BetTurtle Filters and Automated Systems
BetTurtle provides all of the tools and data required to make the filtering and selection process easy.
Watch these videos to learn more.
Conclusion
By using the Pick Rank 1 and green Form Rating as a basis for your betting, you will be able to reduce losses and increase your chance of profitability.
To do this try these next steps;
1) As we have shown with the Running Style and Beaten Favourite, try different combinations of other filters alongside the Pick 1 and green Form rating filters to try and find a profitable system.
2) Apply Pick 1 and green From Rating as a filter on your race card. You can then analysis the resulting shortlist in more detail to determine the runners you want to bet on.
