What Would You Pay For the Power to Beat the Track?
What is a greyhound handicapping system? Well, for some of us, it's the method we've developed over the years to pick winners in greyhound races.
For other people, it's something they paid thousands of dollars for and use for awhile, then discard as useless.
But should greyhound handicapping systems cost thousands of dollars? My feeling is that they should only cost a fraction of what you can win with them.
After all, if you pay thousands of dollars for a system, how much will you have to wager to get your money back? And, ideally, just getting your money back isn't what you're looking for in a handicapping system.
You want to make a profit, of course.
I believe that what you should expect from a system is at least five times what you pay for it, over the course of five programs.
In other words, if the system costs $20, once you get used to using it, you should be able to make $100 on 5 programs.
If it costs $35, you should be able to make $175 after you've figured out how to use it correctly.
So, if you see a system offered for sale for $1,000, the logical return on using that system over 5 programs should be $5,000 at least.
The question is, How much would you have to bet to make that amount? For me, it's too much.
Even if you have the bankroll, putting out that much money for trifectas and other exotic bets is just too nerve wracking.
Not to mention that, at a lot of tracks, the pools just aren't big enough to support the big payoffs that you'd need to make a profit of $5K.
Then there's the scenario that often happens when you're getting used to using a new system.
You make one mistake, not a big one, but it loses you some money.
Bang! There goes $1,000 in profit, because of a missed bet or other error and even if you do everything else right, you've lost a significant amount of money.
This is why I would never spend more than $100 on greyhound handicapping systems.
I know from past experience that I can make enough on 5 programs to get my money back and more.
But even though I'm a better handicapper than most bettors, I'm not sure that I want to go through the strain of trying to get $2,000 or more back PLUS a profit.
I already know that 90% of the people who bet on dog races lose money.
I also know that I've worked very hard to stay in the 10% who win money.
I haven't done it by spending big bucks on complicated systems that demand that I make big bets.
I've done it by using inside information to pick winners that the other bettors overlook.
It works for me.
For other people, it's something they paid thousands of dollars for and use for awhile, then discard as useless.
But should greyhound handicapping systems cost thousands of dollars? My feeling is that they should only cost a fraction of what you can win with them.
After all, if you pay thousands of dollars for a system, how much will you have to wager to get your money back? And, ideally, just getting your money back isn't what you're looking for in a handicapping system.
You want to make a profit, of course.
I believe that what you should expect from a system is at least five times what you pay for it, over the course of five programs.
In other words, if the system costs $20, once you get used to using it, you should be able to make $100 on 5 programs.
If it costs $35, you should be able to make $175 after you've figured out how to use it correctly.
So, if you see a system offered for sale for $1,000, the logical return on using that system over 5 programs should be $5,000 at least.
The question is, How much would you have to bet to make that amount? For me, it's too much.
Even if you have the bankroll, putting out that much money for trifectas and other exotic bets is just too nerve wracking.
Not to mention that, at a lot of tracks, the pools just aren't big enough to support the big payoffs that you'd need to make a profit of $5K.
Then there's the scenario that often happens when you're getting used to using a new system.
You make one mistake, not a big one, but it loses you some money.
Bang! There goes $1,000 in profit, because of a missed bet or other error and even if you do everything else right, you've lost a significant amount of money.
This is why I would never spend more than $100 on greyhound handicapping systems.
I know from past experience that I can make enough on 5 programs to get my money back and more.
But even though I'm a better handicapper than most bettors, I'm not sure that I want to go through the strain of trying to get $2,000 or more back PLUS a profit.
I already know that 90% of the people who bet on dog races lose money.
I also know that I've worked very hard to stay in the 10% who win money.
I haven't done it by spending big bucks on complicated systems that demand that I make big bets.
I've done it by using inside information to pick winners that the other bettors overlook.
It works for me.