Bookie percentages.

Not 1 person in the world profits 'long term' from betting on horses. Why? Because of the bookie/TAB percentages. Long term profits are mathematically impossible, and by long term I mean over a minimum of 10,000 bets. Anyone can profit over 10 bets, 100 bets and even (if you are very, very, very good) over 500 or so bets. However, eventually you MUST not profit long term, due to the mathematics of bookie takeout percentages involved. Not even 1 person in the world, ever, has had 100% of his/her 10,000 selections totally monitored, investigated and confirmed prior to race start; that's the only way of proving that their claimed long term profit actually happened. But, but, but ----- there's multiple thousands of horse bettors that claim to be professionals and insist they make thousands and thousands and thousands (sometimes even millions) of $$$$$ from betting on horses. Keep in mind that a profit over 50 or 60 races, or over 700 or 800 races etc does NOT mean a profit will occur long term. A LOSS is inevitable, due to the bookie takeout percentage.

The 'real' question is "can a punter reduce those losses? The answer is YES. So how is that done? It's done by properly comprehending bookie/TAB takeout percentages combined with the best of the best selection methods; keep in mind that any selection method merely on it's own will never, ever produce the mentioned 'long term' profit, but combined with prices attached to your comprehension of takeout percentages then your long term losses can be reduced. I checked the takeout percentages for recent weekends and the percentage of the books averaged just over 120%. That means a bookie takes out $20 or so from every $120 that's bet and puts that $20 instantly into his own wallet as his guaranteed profit, regardless of which horse wins or which horse doesn't win. In other words, if he gets a total of $12,000 in bets then he instantly makes $2,000 profit from that 1 race. The remaining $10,000 is distributed back to the punters who placed successful bets. To the bookie's profit, which horse wins is irrelevant.

All this means, is that the winning punters receive back aprox 20% LESS than they would have if it was a fair contest between bookie and punter. So, if that punter wants to achieve a long term goal of a mere 5% on all his turnover now and in the future he has to make a TWENTY FIVE % long term profit (because the bookies take away aprox 20% from EVERY race. Yep, they take it away from him. Punters, please read this sentence 100 times, it's very important to understand this.

That's why all punters are long term losers.

If you want to bet for fun, that's ok. It's a free country. If you're trying to do it to make money, long term, then you have zero chance of success. Even so called professionals know they must settle for just 2% or 3% profit on turnover, and the smart ones absolutely know the profit sequence lasts only temporarily, so they then quit their punting and do somethings else. Punters cannot, 'long term', ever beat that 20 unit disadvantage in horse race betting. Mathematics never lies.