The best way to make money is to follow the same system that bookies do. This system can be applied even for casino gambling games. That system is to use logic. Other prominent betting systems are arbitrage and hedge systems. Let us focus on what logic betting system is and how to implement it to get paid better.
What is this logic betting system?
This logic system was developed by mathematicians using logical conclusions drawn from intense analysing different horse races. This is simple and definitely worth a try. Most people lose money on horse races is because they don't have a plan of investment and they don't know when to stop. All systems have their own pros and cons.
The governing principle of this system is that 33% of horses that win the races are marked as favourite. Taking that into account, if you bet in 10 games on the winner of the day, you will win 3. Start betting only 2% of your principal amount. Let us say you decide to bet a £150 or $250. 2% of this would be £3 or $5. This is the amount you will bet every time.
Next step in this requires checking the odds. Usually odds for the horses are predicted by analysts and put for public view. The odds should be more than 1.375 for a high percentage of win.
Now for the actual betting plan. Remember this sequence 1-1-2-4-8-16. Bet in the following way when you lose. For the first and second race bet 2% of the stake (£3 or $5). For the third race bet 2*2% of the stake (that is, £6or $10). For the fourth bet 4*2% (£12 or $20). For the fifth bet 8*2% (£24 or $40) and for the sixth, bet 16*2% (£48 or $80).
When you have lost all six games, stop for the day. By this time you would have lost £96 or $ 160. But this is rarely true when you are choosing the winner of the day. Also, when you have won even on game, stop for the day.
Once you have doubled your initial principal amount to £300 or $500, only then can you increase your bet to 2% of this amount. Till then you should keep betting at 2% of the first principal amount only. Now your stake will be £6 or $10. But if you lose money and your balance drops back to £150 or $250, go back to betting £3 or $5.
Your winnings will be low, but it will be steady. Taking that into account, you can win up to 5 times of your initial investment. All you need is patience and the urge to control your greed. By doing that, you can very well retire early.
Betting is an addiction, but you need to keep a steady mind over the shoulders and keep a keen eye over the bank roll.