Placing horse racing bets, you can use some types of systems. Level stakes system is used when you place the same amount on every race, and some kind of betting system is used when you place a variable amount on each race. Which one to use is up to you, just make sure that it won’t break your bank.

 

The outcome of any individual horse race is independent of the outcome of any other race. Even if it is being run on the same course on the same day. It should be obvious that there are different horses running in each race and that they are of different abilities. Whilst it is not unusual for a jockey to ride in more than race, they are not on the same horse and are not racing the same horses. Whatever system you use should allow for this.

 

Level stakes betting

This is the simplest system of them all. You place the same stake on each race that you bet on. Most tipster comparison charts use this method so that you can see at a glance how successful (or otherwise) the tipping services are.

 

Variable stakes method

With this system you vary your stake according to the anticipated starting price. Your aim is to make the same amount of money each time your horse wins. So if your aim is to make 10 units profit per winning race, you would vary your stake to take account of this. If the horse is forecast to start at evens, you’d stake 10 units. If the forecast price is 2/1 then you’d only stake 5 units. And if your chosen horse is forecast to start at 10/1 then you’d only bet 1 unit. This can be a very effective method to maximise your winnings without risking too much money.

 

Martingale system

This is riskier than the previous two methods described and can quickly break your bank if you don’t pick winners on a regular basis. You double your bet after a loser with the idea that a winning bet recovers your previous lost stakes and shows a profit. It is quite a common betting plan for a number of systems you’ll find online. Because of the possibility of stakes getting high, there is usually a stop loss built in where if the stake gets too big, you start over again although you’ll obviously have lost the stakes you have placed until that point.

 

Stop at a winner

A lot of systems use this approach. You place your bets throughout the day, possibly using the Martingale system, and when you get a winner that’s the end of your betting for the day, regardless of whether your winner appears in the first race, the last race or anywhere in between. Apart from limiting your possible losses, there is no real logic in this system as each race is an independent event.

 

These are the main horse racing betting systems used by people although you are obviously free to devise your own method if you have the inclination.

 

Take time to work through a new system on paper before committing your money to see whether you are comfortable with the amount you could be staking. And always remember that there is no guarantee of winners (even the bookies lose occasionally) so you should never bet more money than you can afford to lose.