A £12400 profit on the week – Summary of this weeks bets.

Well I hope everyone has enjoyed this weeks Free selections. As promised I posted all my personal selections for you to take advantage of and I will be doing the same for the next 2 Weeks until the end of February. I have done this for one reason and that is to show you exactly how profitable you can be from following my selections. When I release the Racing Profits Selection Line in March, this is the same information you will be getting.

I have had a number of emails asking me what my personal staking strategy is. Over the past 6 years I have built myself a betting bank from £200 starting point to £10000, which is what I maintain, a 200 pt betting bank. I withdraw any excess profits at the end of each week. I bet at a modest £50 per point, I earn a good living at this level and am more than happy. I have friends who maintain a 100 pt bank but I like the security of knowing that I can absorb any losing runs comfortably.

So onto this weeks performance.

Back Selections: 10

Won: 6 

Strike Rate  : 60%

Placed: 3

Lay Selections: 22

Non-Lays: 3

Losses: 2

Strike Rate: 89.48%

Well we made a 248 pt profit on the week, helped by a massive 218 pt profit on tuesday alone and a 24 pt profit yesterday, this includes a couple of losing lay bets. So for me that was a profit of £12400 for this week – which will ensure I nice valentines present for my partner Jackie.

The great thing about this week for everyone was the fact that it had examples of everything in it:

  • The effect of the weather – as in January we were hit by the weather forcing the abandonment of Carlisle on Wednesday and Taunton on thursday – these are events that are out of control and we can’t worry about them. NEVER go looking for bets if they are not selections that have been thoroughly researched.
  • Our selection running well but still being beaten – On thursday we had just that in our selection Stars Du Grantis – everything pointed to him coming into this race ready to win – a massive 4 pts to win was advised and he was pipped at the post by Sang Bleu and a determined Ruby Walsh – again you will hear me say this over and over in my videos – you will have losing runs, bets that go wrong and a whole host of unforeseen hiccups along the way – this is what betting on the horses brings with it – which is exactly why you need a good bank and sensible staking levels – you will have very profitable weeks but also weeks where nothing you try works. The key is that you ride these times out – into the next hot spot.
  • The importance of the Market in our Lay Selections – I tried to underline all week how important the market is as an indicator when laying horses – especially on the All Weather. If the money is coming for our selection then do not Lay it, we have had this situation 3 times this week and all 3 have gone on to win.

I hope you have all enjoyed the ride this week.

More to come next week.

Rich

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About the Author

Richard has been involved in horse racing for the majority of his life. Born in Yorkshire he was brought up around the Northern tracks and has been a Professional punter, form student and race analyst for the past 20 years. Richard's passion for racing and betting is infectious and his innovation in profitable racing systems around backing, laying, dutching and trading on horse racing will help anyone develop a profitable betting strategy. He is responsible for The Scout Tips in the Daily Express and generates the ratings for use in the Daily Star racing pages. He set up RacingProfits.net in 2009 as his personal horse racing blog and also the Managing Director of Racing Profits Guides Ltd running a network of 14 racecourse guide websites and 75 associated social media channels. He is based at the RPG offices at Lincoln University. You could not find a better mentor to help you make money from your betting on horse racing in the UK.

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