Two systems I found and then went on to improve were as follows:
ALWAYS BACK THE FAVOURITE IN SELLING RACES
This first method is centered on purely 'selling' races. As we all know, or should, these races are very low in class, where the horse is offered for auction after the completion of the race to the highest bidder. If The 1000 Guineas and The Derby are top class races then a 'selling stakes' is the complete opposite end of the scale.
It should come as no surprise that most punters will wager most money on the better class of races and in turn, that the most money in those races is wagered on the favourite. I told you... no surprises there.
But... and here is the killer fact that most people miss, the favourite in the top class of races is proven to return LESS money than the favourite in lower class races? Unbelievable but true. Now I'm not going to have a great wordy explanation of why this may or may not be the case, but all recorded data will back this up should you choose to evaluate it and, as a pro-investor, believe me you need to.
These facts are from my extensive database:
Group class favourites have won 238 from 735 starts over the last 5 years, and returned a LOSS £42.98 to £1 stake which equates to minus 5.85%
Selling class favourites have won 419 from 1286 races, and returned a PROFIT of £25.57 to £1 stake which is PLUS 1.99%
It just goes to show that even bad races have a winner! Now, armed with that simple piece of basic knowledge, that simply backing favourites in 'sellers' will make you a profit, you can see that becoming something of an expert in 'selling stakes' races might be a fruitful niche. But don't get too excited... it's not going to make you retire just yet. But do note that niche market betting and becoming an expert in your chosen area is so mutch better than spreading yourself too thin.
With a little further investigation and more research, you will find that you can refine this initial method even further and make it considerably more profitable.
How? Well just stick to the turf races only, back the race favourite where the horse is aged four years old or more. Can you see hown this is now building into a profitable betting system?
Had you done this over the last five years, you would have seen the following:
104 winners from 267 starters (38.95% win rate)
£107.72 PROFIT for £1 level stake (40.34%)
PROFIT every season, our aim has been achieved.
So, learn to focus upon one particular type of race to start with, it is easier to develop a profitable method, compared to he everyday punters scatter-gun approach?
Here is another example.
LAY THOSE SHORT-PRICED LADIES IN MIXED COMPANY
Obviously, this second system is a laying system, and this time, rather than being focused on a particular race type, I am looking at a certain type of horse - fillies (female horses).
Using the same priciples we established before, take a short-priced filly running against the male horses, on going that is good to firm or softer, and at distances beyond a mile.
Going back five seasons, these runners LOST a whopping 23.71% of stakes.
Allowing for laying at around 6-8% over SP (at odds on, the margins between Betfair and SP are much narrower), and of course taking the 5% commission into account, this still gives us a respectable enough 12% return on our investment.
Although the fillies win often enough (nearly half of them come home the winner) you can still profit handsomely in the long-run, because of the low-liability prices of 1/2, 1/3, 1/4 etc.
So that's yet another example of narrowing your field of vision, focussing, setting your sights on a particular target, in order to make profits from betting.
Both these systems will highlight only a limited number of qualifying horses each week, and you must accept that profits will be slow but steady.But, add these two little gems to your betting portfolio and you will increase your profits steadily
So there you have it, two simple yet reliable systems, both of which you can start using straight away.No need to paper trade, these work and continue to generate constant profits. But, they can be improved still further if you look closely. Now I'm not going to do all the work for you am I!
OK, in a couple days I'll be posting on another requested topic the dreaded DISCIPLINE. Be Lucky...