It’s been a long held theory that betting to prices is the best professional staking plan but that implies that ratings are a lot better than they really are. There are no ratings, for example, that can produce consistent ongoing profits form this or any other method e.g. level stakes.
The commission or percentage taken out of every betting pool or market is simply too great and averaging around 120% and often more. So to win you haveto be 25% better than the overall market. Rare circumstances exist where you can beat the market and you have to be good, very good.
On average any rating method what loses less than 10% is at least 10% ahead of the market. Winform Ratings has consistently done this for over 40 years.
One service which works on betting to ratings (betting to the rated price) consistently lands a fair number of winners, around 33% over the past few weeks Ive noticed, and on some days does make a level stakes profit but the more interesting thing I’ve noted is that Money Factory simply smashes it and produces a much more consistent result. The selections have been on all track conditions and just one horse per race and has found few winners outside of the favourite but does have some winners around the $5 to $6 mark. On the 10th of August 6 of 18 won but at a loss of 5 units or $500 on a $100 bet. There were two $4 winners and that was enough to cash in our chips twice. Then followed a sequence of 11 with a $1.80 winner and on the 11th bet a $5.5 winner. That provided another cash in. The longest losing sequence that next week was just 3.
My definition of a poor punter is one who thinks it is hard to be a winner, well it is only hard if you don’t put in the time and effort to place your investments in a sensible way. The stupid punters are the ones who look at a program like Money Factory which requires 200 times your basic stake to operate (very conservative wouldn’t you say at just 1/2% of your Bank?) and say it is too big a bank required.
At Turf Monthly we worked out that starting with $100 and making just 2.5 units a week and compounding, investing just once a week, turned into $250,000 in four years. NO! Too hard for the mug punters.
We often get readers ask “how much do I need to have to make $1,000 a week?” and when I suggest $50,000 the conversation ends. Those that get past that point then want to know how much time do you have to spend and I say 20-30 hours a week. It should be a snack right? But no. Everyone wants to be able to not watch the odds before the race so they can take advantage of the best prices.
I think the problem is that too many people think that making money on Racing is a fun thing and not a business because the only way to make money from Racing is to treat it like a business and that’s why our most successful punters over the years have been people involved in business.
There are some fun ways to have a punt and not risk too much like our Best Bets and Daily Feature race which costs just a dollar a day. With just one race a day to work on you can run a plan and adjust your stake each day and make a profit with little effort.