Horse Racing Systems
The Great Con

Here is a hard hitting article from someone who has bought a number of well promoted racing systems in past years.

Racing systems are precisely that : a con. Punters are conned into paying hundreds and sometimes thousands of dollars for what - a list of useless past results, a list of useless rules and a useless staking plan.

How is a horseracing system made? Well I'll tell you.

1. First of all you look for winners at double figure odds. That is easily done today with computer databases of past results.

2. Once you have your database find some factors common to a number of big priced winners. Make certain to include some winners over 20/1.

3. Now you introduce a series of elimination rules to get rid of losers but keep those big winners. Make the rules seem very plausible.

4. Introduce a staking plan to maximise profits. Check the pattern of your winners and make the staking plan fit the results. This means rapidly increasing base bet sizes because your system is going to start off winning big from day one.

5. Also if your manipulated results have plenty of days with only one or two selections and they win while there are losing days with quite a few selections one easy way to maximise profits is to call each racing day a separate investment day. In other words make the system stake 10% of the bank each race day no matter how many bets you have. That way on the days with only one or two bets you clean up because you have big bets on them!!

6. Now all you do is market your system to gullible punters. It's that easy. Punters have long been conditioned by the purveyors of these systems to want lists of past results, profits and strike rates. You meet their demands. A wonderful list of past results. A great strike rate. Show how a small bank turns into a punting fortune. Watch the dollars roll in. Also watch your system collapse like a pack of cards.

Footnote:
Why do some of these purveyors of systems regularly market any number of new systems each year? If punters have cleaned up from any of their previous systems they do not need another system! They are doing very well, thank you very much.

Is there any truth to the rumour that another racing system massively marketed by direct mail and in a monthly punting publication earlier this year, 2000, has managed to find only 16 winners from 147 selections recently once it had to operate in the real world of punting rather than the fantasy world?
11/8/2000