How to look after your piggy bank

Last week I decided to re-mortgage the house, I raided the savings account, withdrew everything from the childrens’ University Fund, then sold all my shares ….and then I lumped all the cash I had on the favourite in the 1:30 at Kempton Park.

 

 

Of course I’m kidding! That would have been bonkers, and practically inviting financial disaster.

 

Staking absolutely everything you have on just one horse is an example of bad money management. Granted, it’s an extreme example, but I reckon it got your attention, didn’t it?

 

Yet far too often your typical punter is guilty of poor money management. On a much lesser scale admittedly, but is it any wonder that in the long run the average punter loses money betting on horse racing?

 

I’m frequently asked by my readers “how much” they should put on each bet, and “do I have a staking system?”, or “how quickly can I give up my job and just bet on the horses?”.

 

It seems plenty of people like to pay lip service to managing their betting bank-roll, but it never ceases to amaze me how so many people are still acting so recklessly with their money when it comes to betting.

 

Best intentions

 

It strikes me that the perennial losing punter is a little like the over-weight bloke, who sets out on January 1st with every good intention of losing his beer gut.

 

 

He has a few salads, maybe even pays a visit to the gym. But more often than not come February he is back to his comfortable eating habits, and the weight continues to pile on.

 

And it will often be the same with the average punter – he has developed bad habits that have, over time, contributed to a steady flow of money out of his bank account and into the cash-till of his local bookmakers. To become a winning punter he must change his ways.

 

Over the course of the next few weeks I’m going to examine some of the bad betting habits that contribute to an unhealthy bank balance. But before the next instalment, I’d like to ask you a question… what would you say is your greatest weakness when it comes to losing money on the horses? Leave a comment below.

 

For more articles like this and a week of free horse racing tips just visit my website at ReddRacing.co.uk

Kauto Star could be heading back to King George

I'd love to be a fly on the wall when Paul Nicholls sits down with Clive Smith to discuss plans for Boxing Day. After the stellar performances of both Kauto Star and Master Minded on Saturday - what to?

 

The 11-year-old bounced back to his brilliant best when defeating last season’s King George and Cheltenham Gold Cup winner Long Run in the Grade 1 Betfair Chase at Haydock on Saturday, leaving Nicholls and Smith with the dilemma as to whether to run him in the race they have earmarked for stablemate Master Minded who also got back to winning ways at Ascot on Saturday.

 

 

Read the full article at the Racing Post

 

 

 

Overturn profits as Oscar Whisky stumbles

Members of the Redd Racing VIP Betting Club were given just the one selection yesterday, to back Overturn in The Ascot Hurdle. They were rewarded with a 5/2 winner.

 

Many shrewd judges fancied Overturn to beat the favourite Oscar Whisky, but in the end it was an easy success for Donald McCain’s charge after the market leader tipped up at the last when challenging the winner, who was able to canter home from his trailing rivals.

 

 

Read the race report at the Racing Post

Long Run will be hard to beat in Betfair Chase

Gold Cup champion is the one to beat in this afternoon's Betfair Chase at Haydock. Trainer Paul Nicholl's speaking on The Morning Line said,

 

On all known form he's the best horse in the race. He's a class horse and I think he will be very hard to beat.

 

A mouthwatering clash with Kauto Star could be the highlight of today's racing

 

Go to Redd Racing for today's free racing tip

Swift Chap lives up to his name

New members enjoying a week of free horse racing tips collected on a 11/1 winner yesterday at Wincanton as Swift Chap came home in the handicap hurdle over two and a half miles.

Darren O´Dwyer, assistant to Philip Hobbs, said,

The step up in trip has helped Swift Chap. He wouldn´t want the ground heavy and may have a break over the winter.

The race was a modest but competitive start to the meeting. The pace looked sound. Swift Chap finished in front of Calico Rose last time (extended 2 miles at Chepstow) when cheek-pieces were refitted, but was unproven at this distance and was weak in the market. However, he got himself into contention despite needing to be pushed along and ground out a pleasing success.

Trainer with a foot in both camps

Trainer and Queen's Counsel Graeme McPherson has been in the racing news quite a bit recently after being accused and fined for schooling a horse at Chepstow.

It's abhorrent to me that anyone could suggest I had been cheating in some way. I would not embarrass myself by cheating, or embarrass the BHA by cheating. I know the rules as well as any trainer and the importance of abiding by them as well as any trainer.

Ian at Geegeez has penned an excellent article covering the story. Read it here...

http://www.geegeez.co.uk/bha-v-bha/

As well as superb editorial, you will often find some outstanding free horse racing tips at Geegeez.co.uk so why not pay a visit?

First networked post

This post should also appear on my Wordpress blog, my Tumblr blog, my Blogger blog, and in my Identi.ca timeline.

You can get free horse racing tips at ReddRacing.co.uk

That was the week....

It's Friday again, and the end of an important week in the National Hunt calendar. The Grand Annual Chase has just finished, to bring the curtain down on another Cheltenham Festival. The highlight for me was to see Kauto Star reclaim his Gold Cup crown earlier today. I honestly did not think he would do it, and he made history by doing so, so one has to tip the old hat in respect. It was good to see Denman also back to form when finishing runner-up. Trainer of the week, obviously Paul Nicholls. And a record-breaking seven wins for Ruby Walsh puts him at the top of the jockey tree.

Daily members were given five bets to back at The Festival, and we enjoyed two winners in Wichita Lineman at 5/1 on Tuesday, and Chapoturgeon yesterday at 8/1

We didn't lay any horses at Cheltenham, which is par for the course as the races are typically very competitive and prices generally too high.

The VIP members had mixed results: on Tuesday we saw Celestial Halo finish 2nd in the Champion Hurdle by just a neck at 17/2 each way, followed on Wednesday by Petit Robin 3rd in the Queen Mother Champion Chase at 12/1 each way. Kasbah Bliss was a disappointing loser yesterday in the World Hurdle, and Star De Mohaison was the last of the finishers today in the Gold Cup.

These are the results for the week ending Friday 13th March:

Back-to-win bets
15 bets and 4 winners at 7/1, 6/1, 10/3, and 8/1
13 points profit

Lay-to-lose bets
4 bets and 4 winners
7 points profit

February newsletter

The latest issue of my newsletter is now available to view online. The February edition includes a full summary of my results for February, an interview with Henry McAnenly, details of The Perfect punter Tipping Service, and much more....

CLICK HERE to read the February Newsletter

.

Perfect Punter Tipping

Sportsworld have just launched the Perfect Punter tipping service that looks very impressive.

You can read more by following the link below:

CLICK HERE to read about the Perfect Punter tipping service

.