You can be a winning horse racing entrepreneur even if you have never bet a horse before and don’t know how to read the racing form. The horse racing method described in this article is easy for you to use. But it will be very profitable for any person who has the discipline to stay with the system’s simple rules.
I’m going to teach you the rules, and then I will tell you why the method works and review its strengths and disadvantages.
The 3 Rules
First: The race must be a claiming race but it can not be a maiden claiming race. You can see if the race is a claiming race by looking at the race conditions in either the track program or the past performances.
Second: Calculate each horse’s lifetime earnings per start. Use this simple equation to calculate the LEPS: (lifetime earnings) / (lifetime starts) = (lifetime earnings per start). Look for the horse’s lifetime earnings and lifetime starts in the upper right-hand corner of its listing in the past performances.
Third: Bet the horse to win that has the highest lifetime earnings per start if it goes to post at 8-to-1 or higher odds.
The Reasons Why this Handicapping Method Works
Horses have different levels of ability. That is why there are different class levels in horse racing. As long as a race horse is in good condition, he will win easily if he is entered in a race at a lower class level.
When a horse meets the requirements of these rules, he will almost certainly have run successfully in higher class levels in the past. The horses selected by this method as a rule can’t be competitive at their previous class level because they have had injuries. So they become “betting tools.” The trainers keep racing these horses because they feel that the horses can still win at the lower class level once they become healthy again. The trainer knows that if the horse can get back to its original level of competition even for only a single race, it can be an easy winner against the lower class field it will face in today’s race. So because of trainer manipulation, the horses selected by this system do win and will win suddenly without showing any signs of improvement. Also because of trainer manipulation, these horses will usually pay very high odds when they win.
Strong Points and Weaknesses Using this System
This method is a huge money maker over an extended period of time and will steadily return a profit of twenty to thirty percent per each dollar you wager. The biggest drawback of the method is the percentage of wins that will run from ten to fourteen percent. This means when you start using this method you should expect many streaks of consecutive losers.
The number or size of consecutive losers you can expect from any handicapping system or method is governed by the system’s percentage of wins. If for example, let’s say you were winning 14% of the time, which is a fairly optimistic assumption for this system. The expected largest losing streak for 1000 bets would be 34 losers in a row. You should also expect to see approximately 27 strings of consecutive losers of at least 10 losers in a row for each 1,000 wagers that you place. What this means to you is you should expect to be in a losing streak of 10 or more in a row approximately 37% of the time while you are betting the system.
The winning percentage is one of the most important factors to consider when evaluating any handicapping system. If you are looking for a handicapping system with a larger winning percentage than this system, take a look at “The Indicator Handicapping Method” which is the featured handicapping system at my website, turfanalyst.com.
About the Author:
About the Author:
The inventor of the Indicator Handicapping Method, Mike Beale, is also known as the Turf Analyst. As an active handicapper for over thirty years, Mike brings his own unique approach to handicapping horses.
He is offering a free e-book on handicapping racehorses which can be downloaded here:
http://turfanalyst.com
Additional information about this subject can be viewed at:
http://turfanalyst.com/betting-systems-horses.html
Mon, 17 Dec 2007 12:21:23 - 100%
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