Points System Horse Racing An Approach

 

Initially I did not know how to start writing this article, but the following statement about a ‘points system horse racing’ can be interpreted in several ways. But in this article, I will use it as a selection strength indicator. A bet strength indicator is a numerical value or text qualifier that denotes the strength of a selections or N number of selections which allows for a punter to allocate there betting or trading stake accordingly. In this article we will use a numerical value strength indicator to keep things simple and this is a common approach used by punters/traders.

Now you might agree or disagree with what I am about to outline but sometimes an open mind can lead to great ideas being formulated.

In my opinion there is no need for a point horse racing system, let us use this example system i.e. 1point is the lowest strength indicator and 5 points is the highest strength indicator. Now I would implement this points system as follows, which is a maximum of 5 points would be allocated for every selection, 5 being the only point value metric available that I give for any of my selection(s). So, if a selection does not meet the 5 value it’s no bet and that is a strict rule that is adhered to!

So what does this actually mean?

If we had a total of £50 to stake 2 points would be £20 and 5 points would be £50. My approach is always £50.

I think a point based horse racing system enables get out clauses for the punter, in other words allow weaker selections to punted on, this means you can look for inferior selections.

Now let us look at the original points system, there are two key comments below and you be the judge of this.
1.    The punter might say after the race ‘Well it was only 2 points out of a maximum of 5 points I have allocated to this selection’ I know it lost but that’s what you would expect for that selection strength indicator of a numerical value 2.
2.    It allows for the weaker horse selections to pass through the net or filter, in other words qualify as selections and this allows the punter to not purely focus on 5 points selections, in other words maximum strength selections. Let us be honest reading horse form is hard work and can cause fatigue.
So why am I saying this?

Because a selection/bet should be placed when you have a maximum 5 point bet, you are risking real money on selections. But you could argue well I will place £20 for a 2 point bet as to eliminate risk on inferior selections. I would consider this is as absolute rubbish, you should aim to use maximum level stakes on all bets and even consider compounding but compounding is another topic.

I treat a 20/1 selection the same as 3/1 for my selections and stake the same amount of money appropriately. This approach in my opinion is a way to gain maximum profits. Now you need to put in the same amount of work for a 3/1 shot as for a 20/1 shot. What happens is you have £20 on the 20/1 and £50 on the 3/1 and you become disgruntled when the 20/1 wins, you work out the maths. Why not have £50 on both types of selections. Fear always wins in the end and that’s why most punters lose.

A point horse racing system adds another level of complexion to the process of betting or trading which is a hard enough subject to learn and implement.
Some point systems use fractions in their points allocation e.g. two half points or half a point etc. Why not let’s go all the way here with a points system that uses 100 points but I am only joking about using a 100 points system, it would fragment your betting stake too much.

So, as I close and put a concluding note on this topic do what is right for you and do not follow any points systems that is too complicated, always us level stakes or compounded stakes in your betting. Remember this is my opinion and you must make your own judgement as a punter.