If you talk to the majority of racing fans and mention horse racing systems you will get an almost unanimous response that “they do not work and are a waste of time”. If you delve a little deeper you will almost certainly discover that at some time they had tried a system and been disappointed,

You have to accept as fact that most so called “horse racing systems” do not work. The main reason for this is because they are based on false premises and inaccurate statistics. Producing a racing system is an easy and profitable occupation. Most people could produce some sort of system within a couple of hours but whether it would be any good or not is another matter.

To produce a good and workable system requires knowledge, experience and importantly time. Any system that relies purely on back testing of results can never be totally trusted. It is important that an element of real time testing is carried out.

There are out there some very dedicated people who work hard and long producing well researched quality horse racing systems. They offer them at a reasonable price and once again we think we have found the “holy grail” of profitable racing. We paper test the system and the results are good so out comes the real money and we start looking at the new car adverts with more interest.

It may be the next week or the next month but suddenly the system stops being profitable. We start on a losing streak and even when we win the returns are not as good as we expected. What has happened?

The first lesson for anyone who uses a system is that no matter how good the system you are using is, it will have losing streaks, This is inevitable and there is nothing that anyone can do about it. If anyone invents a horse racing system that always wins they are going to be smart enough to keep it to themselves and not offer it on the open market.

The sensible thing to do is just to hold back when this happens and revert to paper trading until the tide turns. If the system is any good this will happen and in some ways a losing streak can be a good thing,
The reason I say this is because of the other reason why horse racing systems fail and that is simply because too many people are using it. When a new system comes on the market they can achieve a high number of sales. You then have 200 or 300 punters all backing or laying the same horses. Despite what some people say this is going to have an effect on the market and the drift or tightening of the price can have a severe effect on the profitability of the system. When a system encounters a losing streak the vast majority of its users lose heart and jump ship. By keeping a watching brief you will be ready when the systems good times roll again.