Value is the key to successful punting

THIS is how it is possible to make a profit from betting on horse racing though finding value.

- MATTHEW STEVENS

MATTHEW Stevens.

It is near impossible to make money in horse racing just blindly backing favourites, you need to look for value and as you will read below, if you find value you will show a net profit over time.

Value can be a form of second income if you are disciplined, consistent, and have patience. Firstly, and very importantly, it is a long-term bet, not a get rich quick scheme.

The theory is quite simple; every horse has a true market price, the correct price that represents their chances in that respective race.

A true 7/1 shot will win 1 in every 8x, that is simple mathematics. So my job is to basically find horses that are bigger than what they should be in the market, and with a competitive chance.

So, if I can find 14/1 about true 7/1 shot, they will only win 1 in every 8 times, but you will be getting 15 units back for your 8 spent.