The BetPlan Review

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Summary to Date

Selections 128
.
Winners
59

Strike Rate 46%
.
Profit\Loss to £1 stake -£3.64


September 2009

-1.00 04/09/2009 CHEPSTOW 3.40 PETOMIC 5th 13/8

+1.38 04/09/2009 KEMPTON 7.50 EOLITH 1st 11/8


+0.73 03/09/2009 WOLVERHAMPTON 9.20 VALID POINT 1st 8/11

+0.80 02/09/2009 KEMPTON 7.50 SUNSHINE ALWAYS 1st 4-5

+0.00 02/09/2009 KILLARNEY 7.05 VERTIGE DORE Abandoned

-1.00 02/09/2009 LINGFIELD 2.50 CHAMPAGNE STYLE 2nd 10-11

-1.00 01/09/2009 LEICESTER 2.50 RAGSTA 2nd 10-3





Horse Racing Software

Things To Watch Out For

Convinced or Sceptical?
I've have just started reviewing horse racing software, systems and tipster services and some of the claims are quite astonishing. The purpose of this blog is not to give horse racing software products a platform to advertise, but simply to dispell some of the myths . I am hoping that by lifting the lid on some of these products that you the punter (or horse racing enthusiast), will be able to avoid the mistakes that many others make. This blog will cover what I feel are the most important considerations you need to focus on, if you're in the market for making some money from betting on horse racing. A lot of people that I speak have previously fallen fowl to the so-say capabilities of horse racing software products that are readily available, and the last thing I want is for you to add your name to that list.

Why Do People Find Horse Racing Software So Appealing?
In a word; laziness. These days we seemingly have so little time on our hands so the thought of making some extra money quickly is an obvious attraction. In previous blogs and forums I often refer to the classic 'if it’s too good to be true, it probably is'. A simple search on the internet will show you countless websites all claiming to be able to make you rich overnight, while you sleep or with little or no effort on your part. BUT this is not to say that some of these products can and will make you money. Your sceptisms is fuelled by the fact that the vast majority fail.

Things You Need To Watch Out For - Number One
And so this is really the very first thing that you need to look for in a horse racing software product, or even any horse racing service or system that you see advertised. Does it sound too good to be true? The normal tell tale signs are vastly over-inflated claims of what you can win. If it appears that by using this racing system you'll be able to give up work tomorrow, think again. This should really start the alarm bells ringing. As you may or may not know I am a successful horse racing speed handicapper, however one of the key things to learn is that you have to start small and build up your winnings. Unfortunately, there is no such thing as an overnight success, and it will take some effort on your part.

Things You Need To Watch Out For - Number Two
My second recommendation is to look out for exaggerated strike rates. I am sure that you've probably seen them, claims of eighty per cent or even ninety per cent strike rates for winning horses, but yet again this is extremely unrealistic. Of course, guaranteeing you a strike rate of almost one hundred per cent is going to sound very appealing and this is the hook for the many people that have fallen for this ploy. It’s almost because a horse racing software product is made from software, that many people believe it has some mystical power. I'm afraid not, otherwise we'd all be buying them. Many professional gamblers struggle to get a fifty per cent strike rate, however they make sure that the bets they have provide sufficient profit to ensure they could potentially have one winning bet out of five and still make a profit.In essence it is about how you stake and the prices of horses, rather than the regularity and amount of winners you get. This is why it is simply not feasible to back favourites all of the time. Favourites on average win thirty per cent of the time, so you'd be guaranteed a thirty per cent strike rate, but of course the prices would be too low to make a profit.Things

You Need To Watch Out For - Number Three
And finally beware of is this; do you really believe that there is software out there that can accurately predict the outcomes of races? In my experience, most of these horse racing software products are pretty good, as they gather up all of the racing statistics, horses form and the details of the course, but what they're doing is just looking at statistics and trends. This may be ok when looking at the stock market, which does have an historical set of trends to go by, but this is horse racing. Horses are not machines, and despite the fact that horse racing software products will look at all the statistical evidence that you could throw a stick at, this simply isn't enough. Yes, it may show you that a particular horse favours Ascot, however other factors such as the type of race, the competition, the jockey on board and the going all play a part. This is why you need to have this intangible, yet very important information at your fingertips before knowing which horse to back. Horse racing software simply cannot do this for you.
The BetPlan horse race betting system.