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Winning horse racing bets is not easy; if you are going to make any money, you need to have a very sound strategy, and that is why I am writing this.

So what should you do to increase your odds of winning?

Firstly, you need to look at the horse lines; when you come across a horse priced out to win, you need to get in and back it, given the chance it may well be to win. The best way to do this is by looking at the advice given, see how many racecards it has had, and the odds were given; if it has been backed on many racecards is a telltale sign it could be backed on at the going.

You really must back your selections unless the price is too high; you should never be backing anything higher than 8/1 as that is more than you will need to cover should it win; you should be able to research the online info if you want to bet using real money. Still, I wouldn’t be spending real cash betting on things I know nothing about.

The biggest killer for any punter is losing; everyone gets sucked out on when they first start. I am sure you know what I mean, it’s hard enough to hold your head if you have already lost your shirt, but if you keep pulling the pin and wasting your hard-earned cash, you should maybe consider getting some advice so that things stay in check.

If you are spending money doing this, you should probably already have some money saved up that you are prepared to lose, but you need to leave no stone unturned if you start.

Start slowly, work your way up. Don’t start hopelessly low and work your way up slowly and steadily. It’s great to have a lump sum of money to start playing with.

Also, if you lose, accept it and learn from your mistakes. Don’t go chasing your losses. If you lose a set amount you have already spent, you should quit for a while.

Start slowly with a 200-300 win, then start to increase your bets slowly. You should be able to see results within about 6 months. If you have problems with your betting, you should obviously not bet at the same level or risk losing the amount you have won.

Take your winning and start with a new, bigger bet. Try to take advantage of both methods of betting. Get your money on in the early part, and then build up your stake nearer the time.

However, it would help if you were careful when doing this as some races that look attractive to bet on are not always good backable, so you have to strike a balance between these two strategies.

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