When attempting to profit from any system you should have an useful betting strategy. When a system does not make a profit by following a flat level stake staking plan there is nothing you can do to twirl the loss into a profit. For years punters have toyed with various staking plans such as doubling up after a loser, betting a percent of the bank, Kelly plans etc. But most of these are just publicity stunt utilized to beat a low strike rate, or loss making system and divert your attention away from winner finding. Do not waste your time researching staking plans simply follow the two golden rules:

It is always the price of a horse which decide the stake, and the assessment of probability of winning or placing which concludes the nature of bet.

It is all about getting value, and judging your risk. Get the most of your returns when you are very confident, and to reduce your losses when not.

Usually, there can megapolis cheats only be one selection per day. If this is a value bet a choice will be made to bet win or each way depending on the assessment of the probability of the horse winning or placing.

More than two selections will indulge doubles and trebles etc. In this case hardly ever will we bet singles as it can be established that placing multiple bets is more lucrative than single win betting. In theory you would want to bet at level stake on win singles. But in reality this is not sensible. If there are 4 selections and your normal stake is ?00 win, then on days when you cannot attend the track, you will have to place 4 x ?00 win bets in your local betting shop.

Aien bets such as Forecasts, Trifectas, Jackpot and Placepots are played quite often. Pool bets which rollover can give excellent value especially when the favourite has a low chance of winning.

Keeping a log of every bet is indeed essential. This will help you determine your nature of success.

Win or Each Way Singles
A distinctive mistake made by punters is to bet win on favourites and each way on anything above a certain price, say 5-1. Initially this makes sense, because if the 5-1 horse is placed you will get your money back in races paying 1/5 the odds a place, and make a small profit if it pays a 1/4. Remember, the trick is to maximise your returns when you are very confident, and to minimise your losses when not. Another punters fallacy is to bet more money on lower price horses and less on outsiders. All the time it is the price of a horse which determines the stake, and the assessment of possibilities of winning or placing which determines the type of bet.

Doubles
We often place doubles if there are two selections share this site in one day and disregard betting singles. Once again, an each way bet may clash royale cheats be placed if the probability of winning is low, and possibility of placing is high. Remember that the chances of the double being accomplished is the probability of each horse winning multiplied together.

Horse Racing Betting Guide – How Are They Useful?