Top 5 Horse Racing Software Types
There are numerous ways that a piece of horse racing software can help with your horse racing systems. It's all about understanding what systems you need to make your horse betting more profitable. But beware of programs that promise you the world but don't deliver on those promises. I'll tell you right now, if the program promises to do all the work and all you have to do is press 'Start' then you're out of luck.
Horse racing software can help you in numerous ways when it comes to profiting from horse racing systems, but "doing all the work" is not it. Below are the different types of programs that you might consider purchasing if you're ready to take it to the next level.
1. Horse Racing Tips Selection.
The first type of program to help you with your horse racing system is a selection program. Not to be confused with handicapping software, this type of software generates your precise tips for the day. Sometimes these programs come with preset parameters and criteria, other ones, like Bet Selector, allow you to customize your criteria. Being able to create your own criteria is very important as it allows you to come up with your own horse racing systems and/or tweak existing ones.
Examples: Bet Selector.
2. Horse Racing Handicapping Software
This type of software doesn't usually generate precise tips like the previous one, instead it helps to rank or rate the horses in your chosen race, so that you're able to focus on them more clearly. Sometimes this sort of horse racing software can rank horses from highly rated to lower rated horses.
When you notice that the top rated horses are priced more than lower rated horses your bookmaker or TAB, (TAB is a common bookmaking outlet in Australia) that's when you're able to start winning!
Examples: Race Analyser, SelfRate Software.
3. Betting Robots
Betting bots are programs designed to place a bet automatically at a scheduled time or a particular time before a race starts provided it matches your criteria. For example, you might have a system that requires your horses are priced between $5.00 - $10.00 odds, a betting bot can be set up to only place a bet if that horse falls between those prices. This is particularly useful if you're using exchange betting like BetFair
A betting bot shouldn't be confused with an auto-betting scam, a real betting bot still needs to be set up each day after your horse racing selections have been uncovered.
Example: Betbotpro, MarketfeederPro.
4. Bet Tracking Software
Tracking your bets is important - read crutial! It's the single most important aspect of profiting from horse racing systems. Without tracking your bets, you don't know where you are of what sort of success you're having. Also, when you track your bets with bet tracking software, sometimes you're able to find patterns that are consistently winning or not. If you find that every friday, more of your horses are coming first, then you can act accordingly!
Bet tracking can easily be done on an excel spreadsheet, but there are advantages to getting a separate piece of software for tracking your bets.
Examples: Excel Spreadsheet, Bet Recorder.
5. Stake Generator
If you're thinking about starting to get into horse racing systems as a way to make money, you need to find a good staking plan. Staking plans are essential for the long term profitability of any system. If you find the right one, they're able to help you manage losses and take advantage of the winners even more.
Sometimes a staking plan will require you to place a bet with the intention of winning a certain amount. This is where a stake generator program helps. You're able to input the amount you wish to win, the price of the odds, and it will generate the dollar value of the bet that needs to be place. If you've got some basic maths/excel skills you should be able to create a way to do it on excel too.
Examples: Excel Spreadsheet, Target Staker.