Horse racing betting psychology
Successful betting is as much about mental strength as it is about horse selection. Racing analyst Andrew of Fiosrach explains the psychology involved in betting on horses.
John backs five horses to win at one point each. The horses won 2/1, won evens, lost 2-1 and won 5-0. John made a profit of 5 points.
Dave backs five horses to win at one point each and his results are as follows: Lost, Lost. John backs them at 10/1 and makes six points profit and a 20% strike rate. Dave feels worse than John because he only has one winner from five bets.
Marie's Rock won the Relkeel Hurdle at Cheltenham on New Year's Day at a starting price of 11/2. The second choice, Botox Has, won at 16/1.
The mental discipline of not backing horses below the value threshold is vital. Next week I will look at coping with losing runs from a mental and betting bank perspective.
