You are bound to have holes in your betting. These holes are losing you money every time you continue to bet. I know that I have them and I believe that every single bettor has them. The ideal is to get your betting to a stage where there are no more holes. However while this is the perfect scenario I do not think that it is possible!
Why then am I continuing to talk about it?
Because when you find a hole and plug it your betting becomes instantly more profitable than it was before. The only reason one bettor makes more money than the other is because they have plugged more holes in their betting.
That makes our job as bettors very simple. We want to plug the holes in our betting! Unfortunately finding those holes can be very difficult.
Luckily I am going to show you a way that you can start to find the holes in your betting. There is no magic software for this, I only wish there was, but I can promise you that the time spent doing it will pay off in the terms of profits in the future.
The first thing we need in our mission to find the holes is a record of all our bets. If you haven’t got them then get in touch with your bookmaker and ask for them or if you bet online you should be able to login to your account and download your betting history.
Once you have this you need to separate it into winning bets and losing bets.
Now we can get to work on looking for some patterns. These patterns will appear in your winning and losing bets and we need to find both. You are using every piece of information you have to look for patterns and this may include…
- The odds your bets are winning/losing at
- The courses your bets are winning/losing at
- The race types your bets are winning/losing at
- The race conditions your bets are winning/losing on
- The class of race your bets are winning/losing at
- The market ranking your bets are winning/losing at
- The race distance your bets are winning/losing at
- The number of runners your bets are winning/losing with
- The sex of horse your bets are winning/losing on
There are many others but I think this should give you the idea!
It is important to get a balance in your patterns, you want to look for them but you don’t want to invent them. What you are looking for are large differences between the winners and the losers for the same pattern. For example…
“I am winning 10% of my bets on races over 1 mile but I am winning 38% of my bets on races under 1 mile”
If we find something like this we may have found a hole in our betting but we need to check it. This part is crucial!
Do not just assume that this is correct, it has to make sense as well. Now that you have found a possible hole you need to go back through your selections a second time and look for the reason that this hole may exist. You may find that you are actually betting on horses that have only really raced previously in shorter distance races. This would give you the confirmation that the hole exists because if this was the case then it would make sense that you are losing bets at longer distances, after all your selections are seldom racing at these distances!
If you can confirm your hole then it is time to fix it. However if you cannot confirm your hole then it is important not to attempt to fix it. You can keep looking for reasons that this hole might exist but until you come across a good reason you should not remove them from your betting.
You should use this process with any selections you are using, whether they are your own or somebody elses. Not only will you learn more about your selections but you will improve your bottom line, which is what we are all after!