Horse Racing Tips are simply a subscription service where a professional "tipster" provides his clients with daily selections of horses that are expected to win. Usually this information is provided by way of a daily email, which lists the horses which are advised to be backed, together with the horse racing meeting where the horse is going to be running, and the time of the race. Some horse racing tipsters may provide some more information along with their selections, such as information on the trainer or the jockey, going reports etc.
Do Horse Racing Tips Really Win?
You may have seen many horse racing tipsters services advertised on the internet, and even offline, and you may have wondered if the information really is as good as the adverts claim. In simple terms it is always wise to be a bit cautious - especially if the promises made are "overblown", or if they seem too good to be true.
The truth generally is that while it is certainly possible to make a level stakes profit over the longer term, this might not be achieved over a very short period such as a week or even a month. By level stakes profit we mean keeping your "stakes" or the amount of money you bet with - your wager - at a constant sum. Once you start changing this figure it is no longer considered to be "level stakes".
Looking at typical horse racing tips you might receive it would be true to say that some of them will win and some of them will lose - that is just the nature of things. Horses are not machines and they cannot always reproduce their form in every race. There will generally be peaks and troughs - times when a horse performs better than expected, and equally times when a horses run was "dissappointing".
However the key in horse racing is that how ever many horse raing tips win, and however many lose, overall a profit is still bing made. It's really a case of doing the math, and working out that the winners not only paid for all the losers, but also made a small profit in addition.
How Do Tipsters Make Their Selections?
Providers of horse racing tips make their selections in a number of ways. They might use some kind of horse racing system, they might rely heavily on statistics based on things like different courses, different types of races, different goings etc
The key point to understand is that a good reliable tipster will have tested their selection methods over the longer term e.g. at least a year or two, maybe much longer, and therefore they can pick winners with relative ease, simply by following their selection forumla. This formula will have been perfected over many years and the tipster will probably not want to divulge the details of their method to anyone else. So they will keep it a closely guarded secret. Should you come accross a website where a tipster is happy to sell you their selection method as an ebook type download, then unless you would have to pay alot of money, then this could be a good indication that maybe their method doesn't really work.
It can be quite surprising how accurate horse racing tips can be, with some professional backers making a very significant full time income from their own backing.
How Much Do Horse Racing Tips Cost?
Horse Racing Tips are provided as a private service, and so the cost will be set by the service providers themselves. This could vary considerably from tipster to tipster. As you are using the professional expertise of an experienced backer, you should expect to pay a minimum of $25 per month, although there could be discounts for longer terms e.g. 3 months or maybe even annual contracts. Some premium or well known popular providers may charge much more than this - even as high as $200 per month. Household names who normally appear on TV Horse racing programmes, will charge a very high fee, due to their almost celebrity status, however this doesn't mean that "more" is better. You might need to shop around and find a reliable tipster who has more reasonable charges.
What Do I Do If The Horse Racing Tips Start Losing?
In general if the horse racing tips start losing but you are fairly sure the tipster is genuine, then it is probably best to stick with the tips, and just soak up the loses.
You should of course always keep your stakes or wagers at a constant sum, and set up a betting bank to be something like 20 times your individual wagers. This way, even if there were a set of losers, which is an all too common occurance, then you would have to lose 20 bets in a row to lose your bank completely. It would be very unlilkely that a professional horse racing tipster would lose this many selections in a row.
Most good professional horse racing tipsters will have quite good strike rates overall - maybe as high as 40% strike rate, therefore even if they have a run of bad luck, you are unlikely to go too many races without finding a winner.
Should I Give Up My Job And Just Back Horses?
Absolutely not! You should always remember that horse racing is an extremely risky pastime, and some people will quickly lose alot of money. You should always bet responsibly, and best advice is never to back with more money than you can aford to lose.
How Much Money Could Someone Expect To Make Following Horse Racing Tips?
The amount of money someone could expect to make from backing horses would depend on the stakes or wagers being placed, and the odds offered by the bookmakers for the race in question. As a general guide the more money you are able to wager, then the higher the potential rewards, however you should always remember that nothing is guaranteed.
The way that betting works is that you always receive you stake or wager back when you win a race. So if a race is priced at 2's, which will stated as 2.00 or 2/1, then should you win, your return will be twice your stake as your winnings, plus your stake returned i.e. three times your stake alltogether. So $1,000 wagered at 2's would return $3,000 should you win.
Of course if your selection should lose, then you lose your stake completely, so a wager of $1,000 would return ZERO should your selection actually lose.
Hopefully you can see that if you concentrate on selections at bigger prices such as 2's, 5's, 7's etc, then it should be fairly easy on the math, to make a level stakes profit, even if there were also quite a few losers.
Horse Racing Tips are daily selections which are sent to your email account so long as you subscribe to the service. The costs for this private service will vary, with some being very expensive and other more competitively priced. Although there were be several losers as well as winners, the odds system is put together so that if your tips manage a reasonable strike rate, then you can return a profit overall, especially if you keep faith with your tipster over the longer period.