Thursday, September 10, 2009

7 Factors That Stop Gamblers Winning With Horse Racing Systems

The majority of horse racing systems on the market today will be sold to gamblers. That would seem to be a pretty logical statement after all why would a non gambler want to know how to win at horse race betting?

The trouble is that gamblers by their very nature are the last people who are capable of operating and profiting from a good horse racing system. They lack the essential traits that are needed to successfully operate a horse racing system.

You Need Discipline
This is the big one. If you are operating a system you need to stick rigidly to its rules and filters. If the system shows no bet in a race, then you have to miss it. You have to ignore your own ideas and follow the system rules.

You have to be Methodical
You need to apply a systematic approach and keep meticulous records of all your transactions. If you ran a business you would expect to keep records and accounts and it should be the same with your horse racing ventures.

You need Perseverance
Here is no system that will guarantee you 100% favourable results. There will be highs and lows and as long as the highs outweigh the lows that is fine. On the bad days you will just shrug them off and persevere with the system.

You need to be Unemotional
Gamblers tend to be emotional, they love their horses and they love racing. But if you are operating a horse racing system you need to be detached and unemotional. You need to treat your betting in the same way that a Stock Broker treats is shares. He does not get emotional about oil or mining companies, he just sees them as ways and means to make a profit.

You need to be Forward Looking.
You cannot judge how successful a horse race betting system is by one day or one week's results. The real test of a system is how well it does over a year. You have to look to the annual profits not the daily gain.

You need to be Prudent
Before operating any system you need to set aside a "betting bank". This is an amount of money you can afford and are prepared to lose. Having said that you need to do everything you can to protect that bank. This will mean having a sensible staking plan for your bets and not taking unacceptable risks such as betting your entire bank on one bet.

You need Self Restraint
Most gamblers lack restraint when it comes to betting. Losses can be depressing and success can produce a feeling of elation which can cloud the gamblers judgement. A couple of winning bets and the temptation to double or treble the stakes suddenly appears. You have to be strong enough to resist this temptation.


Article Source: http://EzineArticles.com/?expert=D_J_Bromley

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