3 BETTING FALLACIES

With a bit of research, I have uncovered three betting fallacies that are all too often taken to be true. (You would be wise to do additional research if you wish to bet as the samples are small).

1) Won The Same Race Last Year

The first one is about backing the horse that won the same race the previous year. 

We only remember the winners and forget the times these horses lose returning the following year. 

A survey of 52 races where - backing them to a 5 point stake (total outlay of 260 points) you would have lost 92.47 points. 

In the future, remember not many horses win the same race in consecutive years!

2) First Time Cheek Pieces 

Horses winning when they are racing in some form of headgear for the first time. 

This piece of data concerns the wearing cheekpieces for the first time. 

The data concerns 50 races at 5 points staked per race, so an outlay of 250 points. 

You would have lost 131.25 points, which shows it's best to leave these horses alone.

Horses wearing blinkers for the first time, when making their handicap debut, are even worse. Not a single horse won from 50 races and only two even made the frame!

If these candidates are short in the betting, they would appeal more as a lay bet on the exchanges. 

3) Third Time Lucky 

Horses that have won their last two races and now trying for the hattrick of wins. In this instance, the data covered 53 races again at 5 points per bet and a total outlay of 265 points. In this instance, you would have lost 146.84 points so be careful when betting on horses to complete the hattrick. 

I hope at least one of these fallacies will steer you away from a potential losing bet.

**KNOW THE BEST HORSES IN TRAINING (BEFORE THEY RACE!)**