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.
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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