Book Description
Several years ago Sportsworld Publishing were approached by a systems analyst. He informed us that after a lifetime of systematic betting he was finally in a position to make a comfortable income from horse race betting. He also suggested, perhaps, he could be of some assistance to us.
The product of this fortuitous encounter was the Racing Retirement Plan by Bernard Hibbert. Split into two parts this book first gives an insightful overview on how to approach serious and professional betting. The second part introduces and explains seven winning systems which Bernard himself uses daily.
Throughout the book Bernard shares his many years of experience with the reader. Among other subjects, Bernard explains:
The psychology of betting
Betting banks
Systematic betting
Horse selection
Weight
Handicapping
Going
Draw bias
Paddock watching
Trainer and jockey trends
Statistics.
Why do we bet?
Well, there is no doubt it can be exciting fun, but we all know the real reason is the allure of easy money! Unfortunately we must stop right there and examine some cold hard facts.
The reason most bookmakers flourish is because no more than 10% of punters make a regular profit from the game. The other 90% lose an average of 20p in the pound overall. So, who are these elite 10% and how do they do it?
We have to remember that the bookmaker is a professional. All his time, energy and resources are directed towards his business. Also, we are essentially playing his game because he sets the odds and can manipulate them during play. So how can we possibly win? Well, it is not easy - but not quite as difficult as many people imagine.
Remember that the punter does have one significant advantage - he can be selective. The bookmaker is obliged to bet on every race but we can wait for the right opportunity when things are in our favour. The most important thing is to think like a winner and adopt a professional attitude. We have to be prepared to put in the necessary time and work to reap the rewards.
An orderly and disciplined approach is essential and we will discuss the merits of keeping records, correct staking with an adequate betting bank and so on.
It is only in the last few years that I have discovered a way to make a regular profit from betting on racehorses, but I would never rely on it for a living - much too stressful. Being semi-retired I have a basic income that pays the bills and my betting profits provide the 'jam'. It is advisable not to be greedy. Try to place too many large (winning) bets and you will have difficulty 'getting on', particularly with smaller bookmakers with limited turnovers. (Having said that I have been 'knocked back' by Ladbrokes before now!) Spread your bets around with several different bookmakers, moving on after a good win. You should also explore the opportunities now available on the Betting Exchanges where we can set our own odds and bet directly with other punters.
Remember that all my methods require some personal judgement in their operation. Blindly following rigid rules, with no consideration of other factors, will not do. So, if there is a sudden change in the going conditions that will not suit our system horse, or our selection is badly drawn in a race where a good draw is all-important - NO BET. I Recommend you do a dry run on paper for at least a month before placing bets on any system to gain confidence.
The object of this book is to make you money. It's as simple as that. Therefore, it will contain no waffle and only the occasional trivial anecdote! It will explain how you can make serious money right now. And how you can continue to do so for as long as you wish.
Don't listen to people who tell you that the only winner is the bookmaker. Yes, it's true that the majority of punters lose. But, set about this business in a systematic way and it's so easy to become a winner. And now that betting duty is a thing of the past your income is also tax-free!
Unlike most other books on this subject I will tell you exactly how to set up your betting strategy and give you methods that all have at least three years checkable results, proving to you that these systems really work.
I have read just about every publication on horseracing and I can tell you that this book is unique. It will unlock the secrets of systematically increasing your wealth clearly and concisely. No theories or ambiguity, just cold hard facts that cannot be disputed.
Now, before we start, tell me, having read this introduction, aren't you glad that you bought this book?
Right, let's make a start and see if we can't join the 10% club!