The one question I get asked more than any other is “how do I make consistent profit from my betting ?”. My answer is nearly always the same, by developing a diverse betting portfolio to spread the risk and ensure you minimise the impact on your betting bank each day whilst maximising your profit. In this post I cover in detail how to develop a more rounded betting strategy that will help you achieve this.

I set up my blog in 2009 to share what I have learned over my 25 years betting on horse racing and the development of a betting strategy with a number of income streams is the one big lesson I learned early on. I see too many people rely solely on backing horses and miss out on the profits they could make by laying weak favourites or the “safe” profits made from learning to trade in the pre-race markets. I cover that in this video.

The key to making consistent profits from your betting is in having a structured betting strategy which allows you to make profits while protecting your bank from any big hits. I am currently testing a “dutching” system which has shown profit for 6 months straight and this will be getting integrated into my own betting strategy and shared with my subscribers.

I am constantly developing my own betting strategy based around:

1. Backing selections to win or place – I have a great strike rate with my selections and usually back 1 or 2 selections per day. I used to run a daily email selection service for 9 years, and this achieved profit in every month except 3, a record I am proud of. So learn how to read form, track horses and make solid back bet selections, my advice is to focus on maiden, novice and beginner races.
2. Laying – Identifying and laying weak Favourites through my Handicap Lay System on the flat and National Hunt Lay System over the jumps, I have been using these same systems since 2009 and they provide over 90% strike rate. The systems will normally produce 3 – 4 lay opportunities per day, out of which I will usually lay 1 or 2 once I get to race time, as I filter my lays through a series of filters. You can see the Lay Systems I use Here
3. Trading on the pre-race markets on Betfair / Bedaq. This part of my own betting strategy has become more and more important over the years and now produces me a consistent £250 – £300 per day – taking all the pressure of my back selections and allowing them to be the boost to my betting bank, as opposed to my income relying on them every day. You can see my Trading Tips Here

Diversity Is Key

I recommend that you adopt this approach to your betting and develop a betting strategy along similar lines now. The reason this is so effective is the fact that you can then use the combined strategies on different races throughout the day.

When I sit down in the morning to look through the race card, I can identify races which I will be looking for weak favourites to lay, I will have other races in which I have identified back selections are running and finally I will be able to decide exactly which races offer the best trading opportunities in the day. Most people I speak to use one approach of either backing or laying or trading, they do not combine their approaches into one betting strategy which compliments each other.

I spend a lot of time with my subscribers in planning out their betting strategy with them, this is the reason I share my back selections each day with them, I also share my lay systems and have now developed a 6 Week Trading Training course, so now they have all the tools that they need to make money from their betting.

If you want my help then email me on richard@racingprofits.net and I am happy to share my ideas.