Advice

Winning Races Or Winning Bets, Which Is Important?

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!

Michael Wilding

Michael started the Race Advisor in 2009 to help bettors become long-term profitable. After writing hundreds of articles I started to build software that contained my personal ratings. The Race Advisor has more factors for UK horse racing than any other site, and we pride ourselves on creating tools and strategies that are unique, and allow you to make a long-term profit without the need for tipsters. You can also check out my personal blog or my personal Instagram account.

4 Comments

  1. Or because pro bettors are no longer in how many winning bets they have found?

    By definition you a winning bet is the same as a winning race.

    Sorry to have to point out this but the errors in these can be confusing.

    People who brag about how many winners they have had and how much they have won are usually telling lies. People who continually win don’t brag, Be it out of superstition or maturity I’m not sure but pros keep it to themselves.

    1. A winning bet is not the same as a winning race necessarily. You could have two bets in a race and one wins and one loses but the losses outweight the wins and so you have a winning bet but have lost on the race.
      When you make a profit you don’t need to talk about how much you are earning, after all how many people talk about that anyway!

  2. 2.00 per horse four horses per race=8.00
    To make a profit @ 4.0 would be difficult therefore you would need to look at
    at how many races a day etc allowing for loses.
    £64.00 per race seems like it maybe an optimum figure if you bet on Exchanges.
    20/80 your top rated on bet fair is not a viable other wise.

  3. You are right Liam, you must definitely take the odds into account. If you are dutching then you should be looking to make at least a 10% return but that is after you have had some practice at it and know your selections. Before that aim for at least 30% or higher.

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