How and When to Bet

How to Get The Best Odds

If you only have one betting account you limit your chances, but there are still some basic things you can do:

If you just have a TAB account and you are keen to back something fixed odds, check the Live Odds Comparison on the RH margin and IAS to see if they are offering fixed odds. If they are offering better then don't bet as it is likely your fixed odds may lengthen anyway or back it thru the TAB non fixed
The best option is to have a Betfair account, TAB, IAS and perhaps one other. Often one of these makes a major error in price OVER the others and if that is the horse you are after, take that price. If they have made a major error e.g. offered $22 instead of $2.20 take it heavily. This happens once a month if you watch carefully but make sure it is the one you want!
If you are not sure about fixed odds being value then use an account like IAS where you can choose the "best Fluctuation". Serious punters would work the rails trying to get this best of odds, now you can CHOOSE it!! Take advantage of it if you are a big investor
If the horse you want is a major tip also on the media e.g. Sky, 3UZ, it may pay to back it fixed odds but make sure you check around first. There is nothing more frustrating than taking $4 on IAS when they first put it up and then finding the TAB fixed odds are still $6!!! If you only had an IAS account you would hold off and go down the pub to back it fixed on the TAB.
Media tips invariably pay poorly on the SP. When our Ace Tip is also a tip from the media we generally look for early fixed odds as these markets are not as influenced by 'tipsters'
For the Ace Tip that is not a media 'special' (what we seek) then don't jump in too early and consider accepting either best fluctuation or TAB start price. Despite being the best value around the Ace Tip is just one of thousands of tips available and very few people know about us.
We all make errors of judgment, but some simple rules can help you be consistent in how you behave race day. Draw up some rules of how, when and what you will bet on and stick to this for 3 months then review. Don't change weekly.

Hope this helps a little

It is easier to list WHEN NOT TO BET!

Cross off all races where:

The track has changed condition or is 'shifty' in condition
The track is rated heavy
There are first starters in the top 4 rated chances
2yo races
Weak country or provincial restricted races
Maidens
Too many chances
Races where the Tajodds top rater is no value 9i.e. is you can't get better odds than Tajodds price
Races rated as "poor" betting/high risk

So.....when to BET???

Choose races that Tajodds rate as "good" betting races as these avoid the above factor
Bet on the horses that are in this race if you can get better than tajodds value
Bet on each runner to WIN a set amount or RETURN a set amount
Use these value selections to select exotic form of betting e.g. doubles, quinellas, trifectas and quaddies but be consistent in whatever you choose
The Ace Tip must meet all the criterion above so it is a good start, and in fact if you focus solely around this selection you will gain most benefit. Straight out, to win a set amount or used in box exotics.

Other advice!

Limit your punting selections - focus around 1 to 3 per week. If this doesn't suit your entertainment needs that is your issue and not related to profit investment.
Make sure you have a REAL 'bank' (most punters don't, they just bet what they have each week and have little discipline) If betting straight out like our Ace Tip selections then you need to bet 2.5% of your bank as it grows or declines. So, if you have a $1000 bank, then you bet $25 win on each selection. You will see that even the 32% strike rate of Ace Tip had a long run of outs. Be prepared for long runs of losses.
NEVER increase bets to chase losses
NEVER increase betting after wins, until your bank at least doubles (.e. grows to $2000, therefrore you can bet $50 on each selection) or use the 2.5% method based on your growing or declining bank
DON"T be in a hurry - cumulative profit will grow over the year if you are selective and disciplined.
RECORD your bets! No sly ones on the side !!
Consider betting 25 % win and 75% place if the horse is over $10

DON'T FORGET....THE FAVOUR BANK!!