How To Spot A Weak Favourite As the popularity of the betting exchanges grows, so more and more people are looking to profit from horse racing by laying horses to lose. But what is the best strategy? On the face of it, one might think that simply betting that the outsider will lose is a quick way to make easy money. In reality, the best horse to bet against is the race favourite. Betting that the outsider at 20/1 will lose will be fine to start with, and doubtless you will soon develop a winning run of profits. However, sooner rather than later that 33/1 shot with ‘absolutely no chance’ will come home in front, and you may well have laid him at a price of 52.00 (for example) on Betfair. BOOM! There goes all your hard-earned winnings, and more! Generally a horse will be the favourite because it has the weight of the market’s money behind it, which forces the price down. Simple economics. There will be a point however, where the horse’s price is too low compared to its actual chance of winning. Beyond this ‘true’ price is where the layers will start to make a profit. So we go ahead with this strategy, and we proceed to lay every favourite, right? Wrong. Horse racing favourites are often priced too low. This is how bookmakers have made their profit for generations. But they are not priced too low every time – sometimes a favourite is the most likely horse to win a race for very good reason. If we took the simplified approach of laying every favourite, after a while betting on the exchanges we would remain around the breakeven point, because the exchange markets are a very efficient barometer of probability. However, after paying commission on our winnings, we would watch our account slowly draining away like water down a plug-hole. Not good. So how do we know which favourites are true favourites, and which are weak or vulnerable? One method is to analyse the positive aspects of a horse’s form. It will not surprise you to learn that more favourites win when they have fewer question marks against them. This is not rocket science, but taking the time to separate strong contenders from weak favourites will give you the ‘edge’ to make that all-important profit. Dailyracewinners.com © 2013 All Rights Reserved Page 1 Below is a list of form criteria you can apply to the market leader in any given race: 1. Horse and Class: Must have shown the ability or obvious potential to seriously compete in the class of today's race. 2. Horse and Track: Must have proven ability on either today's track or one with similar characteristics. 3. Horse and Recent Form: Analysis of general form over the last few weeks. 4. Horse and Race Distance: Must have shown the ability or obvious potential to run competitively over today's distance. 5. Horse and Draw: Highlight any obvious disadvantage if applicable. 6. Horse and Going: Must have shown an obvious ability to handle today's ground. 7. Trainer and Track: Trainer must have at least a 10% strike rate on today's track. 8. Trainer and Recent Record: Trainer must have had at least two placed or one winning horse in the last 14 days. 9. Jockey and Track: Jockey must have at least a 10% strike rate on today's track. Rating a favourite as ‘weak’ or otherwise is entirely subjective, but you may determine (for example) that a horse with 3 or more question marks or negatives over their form would be considered a horse worth opposing. As always the question of price will come into the equation. A horse with several boxes left to ‘tick’ in the list above may be a favourite in a weak race at 5/1. This may be a fair price, and you may not want to get involved in laying him to lose. On the other hand, when a 2yo filly steps hoof onto the track for the first time, and is offered at odds-on simply because she is ridden by Frankie Dettori on behalf of the Godolphin training empire, then you may want to consider taking her on. Dailyracewinners.com © 2013 All Rights Reserved Page 2 In summary: race favourites are often a profitable source of potential Lay Bets, as they are often ‘over-bet’ and offered at prices too low compared to their actual chance of winning. Take the time to analyse key aspects of the horse’s form and judge whether they are a ‘strong’ or ‘weak’ favourite. If you decide they are vulnerable to defeat and the price is short enough, then you have identified a good lay bet. Importance of Discipline Being disciplined always helps, especially in betting. If you have subscribed to a tipster service, or have purchased a system, we recommend you stick to it religiously. Now, you find it hard to do so, particularly in the event when the system you are following gives you a couple of losses. Well, well, well, don’t forget, no matter what system, tipster you follow, you can’t make it 100% of the times. But, as long as you net out in profits, hold on to your system or tipster, because discipline is of utmost importance. Again, throwing your existing system for a new, untried, untested system will not do you any good. So, as long as your bank nets in profit, stick to your system or the tipster, as the case may be, particularly, when the service you are using is highly reputed, with long standing. Secondly, you need to be particularly disciplined when making good the losses. It is human tendency to increase the stakes following a loss, in an attempt to recover the losses. However, this can lead you into a vicious circle of bigger losses, and you might lose faith in system, and thus you might end up in even bigger losses. So, even if there is a loss, you need to control your emotions and maintain the stakes, till the time you are finally able to recoup all the losses. Believe me, any system or service of repute will recover losses and take you to profits, in due course. These systems might be perfect for you.....or they might not! Please paper trade these systems for a at least 5 days before committing and only bet what you can afford to lose. One has to feel completely confident using a system before risking hard earned cash. To your punting success Dailyracewinners.com © 2013 All Rights Reserved Page 3 Dailyracewinners.com © 2013 All Rights Reserved Page 4