A beginner's guide to horse racing betting methodology from a seasoned pro

Andrew shares his betting learning journey since 1982. He had never watched a horse race apart from the Grand National. Andrew made a £3.50 profit on his first bet. He started reading as much as he could on horse racing and placed £0.10 Yankee bets with tax paid on.

The only place to bet in those days was the betting shop. Most bookmakers were situated in side streets or beside pubs. There were no TV screens and commentary was relayed over a speaker. Results were marked up on a results board by an ancient chap wearing a peaked cap. I started making a profit in 1986 and have done so every year since.

Some of the basic betting rules are outlined below.

A beginner's guide to horse racing betting methodology from a seasoned pro. It's important to keep records of all bets and regularly review results.

I have a record of every bet I have made since I started at 18. I still evaluate at the end of each season and adjust accordingly.

It's vital to set up a separate betting bank. I work with level stakes as a % of my bank which increase bets on a good run and reduce stakes on the bad one.

A beginner's guide to horse racing betting methodology from a seasoned pro.

Make your own betting exclusion list and stick to it. I do not bet in the following types of races: Amateur, claimer, maiden, 2-year-olds, below Class 2, small field races with more than six runners.

A beginner's guide to horse racing betting methodology from a seasoned pro explains how to bet on the race. He uses an algorithm-based spreadsheet to create unique ratings for each horse and the top three rated have a great record. He looks for trainers and jockeys in form and horses with a recent run less than 28 days on flat and 35 days over jumps.

A beginner's guide to horse racing betting methodology. Horses with a recent run less than 28 days on flat and 35 days over jumps are good bets.

There are several sites that give historical trends analysis for free. This can narrow the field down to a few runners.

A beginner's guide to horse racing betting methodology from a seasoned pro explains how to bet. Betting discipline is crucial. The key to betting is to keep evolving and not to stay stuck in a rut. It's important to change to avoid losing runs.