More often than not you will find punters discussing how many winning bets they have found. Sales pages for betting systems state how many winning bets their systems or selections have found. But if you talk to professionals they almost never talk about winning bets!
Could this be coincidence? Or because pro bettors are no longer in how many winning bets they have found? Or maybe there is another reason?
There is a reason, and a very good reason, that pro bettors never talk about winning bets! The reason is…
It is incredibly misleading!
If you have ever fallen into this trap of thinking that the amount of winning bets you have is important in determining whether you are winning or not then don’t worry, you are definitely not alone. It is something that I used to do when I first started out.
However from today forwards I want you to stop thinking about winning bets, instead start thinking about winning races!
What is the difference?
Very often you will find that you have multiple bets in a race and in these situations calculating your results based on the individual bets is a mistake. After all you are not interested in whether each of the bets has won or lost, you are interested in your profit and return on investment on the race as a whole. Whether you have had 2 selections or 6 in the race, your selection process is based on how many races you are making a profit in.
If you only ever select one horse in a race then this is not going to be a problem. By definition you a winning bet is the same as a winning race.
Although this does not sound like a big mistake you can find that sometimes the difference in results can be significant.
In conclusion, you should always think of races as a complete bet no matter how many runners you are betting in it. Make your calculations based on this view point. This goes for your staking as well, if you are betting 5% of your bankroll then this should be per race not per runner. If you were to have 5 selections in a race you would be betting 25% of your bankroll on the race and this would be significantly over-betting!