Whether their interest is the Preakness Stakes or the happenings at Arlington Park, many aspiring gamblers seek to maximize their gains by using horse racing systems. The premise of the horse racing system is the guarantee of improved results obtained by using particular software or a method devised by a self-proclaimed expert. While many of these system designers make claims of wild profits to entice business, the rational person's first question will always be: do they actually work? The difficulty in answering this question lies in the fact that it obscures a more influential question for potential punters, namely: what kind of gambler are you? There is an important distinction between gambling for pleasure and gambling for profit, and the conflation of the two is largely responsible for the disappointment incurred by inevitable losses. A quick overview of the professional gambler's personality usually yields certain traits in common, the first of which is a lack of emotionality about the gambling itself. Regardless of the game, gamblers who seek to make small gains over extended periods of time are much more likely to succeed than those who invest all of their hopes (and money) in ventures to "get rich" overnight. This philosophy is often cited as advice from individuals who regularly bet on horse races, not to be confused with testimonials from horse racing system ads. One reliable indicator of whether a horse racing system can be used effectively is the type of promises made in those testimonials. Advertisers who claim to have regularly reaped 200% returns are generally fraudulent, as the expected rate of return with successful ranges from 120-140%, according professional gamblers. The age old adage not to be fooled by something that seems too good to be true, because it probably will be false, applies here. Another way to keep from being swindled by a claim to horse racing system glory, which relates to general principles of gambling, is to only gamble with money you can afford to lose. Do not seek to replace a regular source of income by adhering, even religiously, to a horse racing system. As with any financial venture, you need to meet your basic spending requirements first before using money for a risky deal. By setting aside money specifically for use in horse race betting, as you would with any other hobby, you can build a fund for that purpose separate from your short-term spending and long-term investments. In addition to taking the step to protecting your financial security, you should also adopt the attitude of professionals who judge the success of a horse racing system based on a sample large enough to be representative. The results you get over the course of two weeks with a system or even two months do not necessarily indicate its general success or failure; the oft-cited number of examples to gauge performance is 300. By applying a system methodically, over a long-term period, and keeping a fine-tuned account of your progress, you will see past short-term highs or lows and be able to make an informed assessment of your horse racing system.
Do any horse racing systems work?
By Old-School Jan 27, 2010 Edited Nov 13, 2013 0 0