The strategy is based on high value, each-way bets. We are looking to back horses which are between 6/1 and 10/1. Using the guidelines below around 80-90% of the chosen horses should at least place, which at fifth of the odds will show small profits. However experience has taught us that approximately 1 in 5 of these horses will actually win, it is these win bets, (at prices up to 10/1), that will see our profits spiral. Effectively, using this method you will be backing on a week to week basis confident in the knowledge that most of the time your money will be returned, plus a small profit for your trouble, patiently waiting for the big price winners we all hope for. The Specific Strategy does not incur any long losing runs. Here is how the plan operates.
Firstly, we confine our betting to certain types of races, these being non-handicap races with eight, or sometimes nine runners. During the jumps season, chases are preferable to hurdles, but don't exclude hurdles altogether as the plan is still profitable with these types of races. During the flat season do not ever use two-year-old races or sprints (5-6 furlongs). This may seem to leave us very little to play with, but there will still be quite a few races of interest to us each week.
The next thing we look at in the suitable races, is the betting. You can use the morning forecasts in the papers, or wait for the markets to open proper. Look for races which the bookmakers rate as a "two horse race", ie. the first two in the betting should be very shortly priced, usually one will be odds-on and the second horse around 7/4 to 2/1.
Find a race that fulfils all the criteria above and you have a bet!
The horse to back each-way will be the third one in the betting. This will usually be 6/1 or better in races with a two-horse book. This will be the horse that the form experts rate as the third best in the race. Because the odds set by the bookmakers represent each horses chances of winning (not placing), backing the third best horse each-way is the finest value bet you can get in racing. It really is a loophole in the bookmakers way of working. So much so that in races of the kind the strategy is concerned with, the on-course bookmakers are unlikely to accept each-way bets like these. They realise the danger of such bets. The off-course bookmaking chains have to have a general policy and cannot adjust their betting practises for specific races.
Now two notes of caution:
Firstly, when you are selecting the "third" horse to back in races with a two-horse book, always stick to using the third horse in the betting. Don't be tempted to try to pick a bet from the remaining runners. A hard and fast selection method that does not allow room for emotions, hunches or personal judgement will always prove most profitable in the long run.
Secondly, in eight runner races be careful that there are no withdrawals. In eight runner races a place counts as first, second or third, but if there is a withdrawal and less than eight horses start, then only first and second will count as places. This is something to avoid. Good luck.

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