UK Horse Racing – A Beginner’s Guide

You’ll be pleased to know that you don’t have to be a racing expert to make good money from Race2Profit.

In fact, you can succeed with R2P even if you’ve never placed a single bet before in your life!

But here’s a little background knowledge, in case you are new to all this and are  interested in learning more about the British horse racing scene…

The Courses

jacksaijsbury_testiThere are 59 racecourses, each being quite different from any of the others. Most tracks are turf with only 4 out of the 59 having sand tracks. These are known as All Weather courses (AW for short).

Each course has its own shape and idiosyncrasies. Some courses are right-handed, some are left-handed, some have tight turns, some are straight and some have quite steep gradients.

Because they are mainly turf-based, the prevailing weather conditions play a large part in how the course is behaving at any given meeting and the conditions (or ‘the going’) can be officially described as anything from ‘firm’ to ‘heavy’, the latter description for example, meaning that the turf is very waterlogged and liable therefore to suit horses with greater stamina.

British horse racing is split into three main types:

1. Flat racing (the flat season runs from March to October)
2. National Hunt racing (the NH season runs from September to April – with occasional meetings through the summer months)
3. All weather racing (all year round)

1. Flat racing, as the name would suggest, is racing around ‘flat’ tracks. ‘Flat’ being indicative of the fact there are no obstacles to jump rather than describing a track with no undulations!

2. National Hunt racing is the term for racing around tracks with obstacles to jump. These may be ‘fences’ or ‘hurdles’. Fences tend to be higher than hurdles and hurdles can be flattened by a horse jumping through them. The racing over fences is generally considered more challenging and not all horses can successfully make the transition through hurdle jumping to fence jumping. The common name for a ‘fence jumping’ race is a ‘steeplechase’ or ‘chase’.

3. All Weather racing takes place on oval, sand tracks

Betting

ggarland_testiBetting on the outcome of horse races in the UK is completely legal and there are betting shops or bookmakers (bookies) shops on almost every high street as well as dozens of online bookies.

As it has been around in the UK for several centuries, tradition has prevailed (as with most aspects of UK life!) and an obscure system for denoting odds, which has remained unchanged for over two hundred years, is still in use with most bookies.  This the ‘fractional’ odds notation system and bookmakers in the UK will quote odds in the following way, eg:

Horse no.1 4/1
Horse no.2 7/2
Horse no.3 9/4
Horse no.4 11/8
Horse no.5 10/1

However, the above is for information only and we need not concern ourselves with fractional odds as we will always be using Betfair (www.betfair.com) which is an ‘exchange’ rather than a bookies.  This simply means that they act as an intermediary and match bettors who wish to bet on a horse winning with those who wish to bet on the horse not winning (otherwise known as ‘laying’.

 

Betfair

bw_testiBetfair uses decimal odds which are much easier to understand than fractional odds.  A typical set of Betfair odds on a race would look like this:

2.16

3.68

5.48

7.50

12.50

26.00

81.00

The lowest number, in this case 2.16, would represent the favourite, as this is the shortest odds ie. it is the one that bookies feel is most likely to win, given a combination of several different factors.  The further down the list we go and the higher the number we encounter, the less likely it is (according to the bookie) that it will win and therefore the more money you will win should you bet on it and should it manage to actually win.

To determine your winnings according to the odds offered… should you bet for example £10 on the horse priced at 2.16, then it is a fairly straightforward calculation.  Firstly deduct 1.00 from the figure = 1.16 then multiply it by £10 = £11.60.  So your profit will be £11.60.  We deduct the 1.00 to determine the PROFIT, but if you wish to calculate the RETURN (the total amount returned to your Betfair account AFTER the bet has been placed – which includes the return of your stake) then you do not need to deduct the 1.00.  This would then be equal to £21.60 which when the stake is deducted to calculate the actual PROFIT, leads us to £11.60 again.

Should you bet on the horse priced at 26.00 and it wins, then to determine the profit in this instance we deduct 1.00 from this = 25.00, multiply by £10 = £250 and so on.  Simple.

 

Summary

simonh_testiThe simple objective is to predict the winning horse on as many occasions as possible in order to make a profit!

The complexities of British racing with its very different racecourses, race types and conditions make predicting winners a very difficult science indeed and this is where our service excels.

We have spent many years building up a huge database of statistics. This database has been subject to intense analysis by ourselves and we believe that we have found the ‘secret’ to regular and consistent profits.

Couple this with our unique staking plan and we are confident that this system will make profits for you in the future at the incredible levels we have already experienced. Check out the past results here.