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. OZmium was able to retain the
services of resident tipping guru and ascerbic commentator
Neil Davis, who has developed something of
a cult following since appearing on the internet in
early 1998.
We liked the amusingly
feisty and cynical 'tell it like it is' style of writing,
which complemented our own scientific approach to
gambling. It has a lot of useful tools for the punter
as well as high quality tips and ratings, a free newsletter
and a very active forum.
Before going to Pro-Punter
here 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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