What Makes a Good Strategy?

What Makes A Good Strategy? This on the face of it looks like a simple question, with an equally simple answer - the one that makes loads a money!

Well that is true, to an extent. To be honest there's lots of ways that strategies can do that, but does that make them all good. The problem is, good in this instance is subjective and really depends on your situation, your style, you patience and your time, plus of course how disciplined you are - not to mention the size of your betting bank. All things are not equal, and all things are not good for all members.

Before we take a look at a couple of examples, let's explore the good part further. You need to determine what good looks like for you. For most it's a long term profitable strategy, for some that are unrealistic or desperate, it's an instant win, creating a bucket of cash every day. If your definition of good is more like the latter, then Form Ratings is not for you - go hit cancel and click on the desperate button.

If your definition of good is a long term strategy that is profitable, then read on, and we'll help you define that further, depending on the type of person you are.

You see there's lots of types of profitable strategies out there, and as I started by saying, they don't suit everyone's betting style.

Here's some examples - when you create a strategy, try and work out which of these you're aiming for:

A strategy may be profitable, but there's a whole load of risk;

This one occurs when you lay big odds horses, especially when there's lots of selections. It's OK to lay big odds horses, it means that they aren't favoured in the betting ring, but be aware of the liability if they do come in. If you have 50 long odds horses there's every possibility in this game, that 1 or 2 may win the race - this will knock your profit considerably. Over the long term, it's profitable, but you could have a few days when it isn't, and the risk is greater.

A strategy may be profitable, but you have to bet on every race;

There's plenty of strategies - hell, I'd go as far to say most Newbies want a strategy - which churns out a selection for every race. The strategy may be profitable, but you have between 10 and 70+ races to bet on a day. Do you have time? Do you have the bank? Do you have the inclination to make this your full time job? Is it profitable enough to enable you to make this a full time job?

A strategy may be long term profitable, but does go under water from time to time;

Even the most successful strategies have losing runs, that's a fact, there's still a level of chance which decides the outcome of any race. Can you afford to weather these losing runs? How long for? How long should you leave it before you abandon a strategy we'll talk about on another article.

A strategy can be too complicated and produce too few selections to make it worth your while, especially if the odds are short

Short odd selections don't generate a lot of profit, unless you have a large bank (and are happy with the risk) or there's lots of them (and you have the time to place so many bets). Complicated strategies using a variety of sources also take a large amount of time, is this time worth it for short priced horses?

So there's lots to factor in when you're hunting for a Good Strategy, before you try and find one, decide what parameters it needs to have, based on the type of person you are and your attitude and resources for betting.

Our ratings will only help you make better betting decisions.