Racing
section
At this stage we are
only covering Australian thoroughbred horse
racing. Harness and greyhound racing are only a small
percentage of the current racing market.
Smartgambler's parent
company, OZmium Pty Ltd, acquired prominent thoroughbred
racing site Pro-Punter
in late 2000 and this became the de facto racing
arm of Smartgambler.
Before going to Pro-Punter,
below is an overview about horse racing in general
as viewed from the Smartgambler perspective.
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Overview of racing as a gambling activity
Horse
and greyhound racing, like the stockmarket and sports
betting, can be distinguished from most casino and
Lotto based games in that it is possible to gain an
edge and be a long term winner by the exercise of
skill. It is extremely difficult, however, to become
both skilful and diligent enough (in terms of studying
the form) to be an overall winner.
The
only methodology for winning at the races over the
long haul that we find convincing is to be able to
accurately frame your own market and then search for
'overs', odds which due to an error, or more often
the inaccuracy of the punting public, are overly generous
for a particular runner.
If
you do not have the time or skills to frame your own
market, there are numerous racing sites on the Internet
that offer memberships with market framing services
or straight tipping. We looked at a few of these when
we first set up this site and were generally not impressed.
Many of them charge exorbitant amounts or make extravagant
claims which cannot be substantiated. We are open
to feedback on such sites.
Another more exotic
way of gambling on horse racing is to join a syndicate
and actually own a part share in a race horse, in
the hope of profiting through stake winnings or eventual
breeding fees. Although not cheap (usually several
thousand dollars per share plus ongoing training and
agistment costs) this hobby is nevertheless within
the financial reach of most ordinary people. Just
don't bank on making a profit. If that happens it's
a bonus!
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