The essence of successful punting, in
my opinion, is to focus on horses that are attempting little, or
nothing, more than they have achieved in the past. In other words, if
you can identify a horse that has won, or been placed, in a similar
race – in terms of class, course, distance and going – in the
recent past, the chances are that it will be competitive once again,
everything else being equal.
Of course, everything else is unlikely
to be equal. In handicaps – which account for about 60% of the
races run in Great Britain – any horse that wins, or is placed,
will have its handicap rating raised, typically by 6lb or more.
Adding weight affects the speed at which any horse can gallop, so you
need to satisfy yourself that the horse in question is sufficiently
progressive to cope with the weight rise. Furthermore, horses are
living, breathing creatures that cannot be held at peak fitness
indefinitely and the countless imponderables governing the outcome of
any horse race mean that picking a winner is rarely as
straightforward as it seems on paper.
Horse racing form is in the public
domain, so horses with an obvious chance of winning are unlikely to
escape the notice of bookmakers’ odds compilers, which brings us on
to the elusive commodity known as ‘value’. According to the
dictionary, value is ‘that quality of anything which renders it
desirable or useful’,
The question of how to find value is
worthy of an article of its own, but one person who seems to have the
answer is Tom Segal, who operates under the Pricewise banner in the
Racing Post. Segal specialises in trying to find big-priced winners
in big handicaps, such as the Stewards’ Cup at Goodwood and the Ayr
Gold Cup. By his own admission, Segal takes a simple approach. He
doesn’t rely on ratings or speed figures of any kind, but rather on
extensively watching videos, intuition and a little guesswork. What
he looks for, essentially, is an improving horse, at a ‘nice’
price, ridden by a leading jockey.
The nature of Pricewise selections
means that losing runs – the longest so far being 45, apparently –
are inevitable, but winners, at average odds a little over 10/1,
provide more than ample compensation. Recent winners for the column
have included William Henry 7/1, Buywise 14/1, Emperor’s Choice
12/1, Whiskey Sour 14/1 and Hunters Call 12/1 , you can't
go wrong with RacingTips like that. Pricewise
selections are notably more profitable on Saturday than any other day
of the week, so it may be ‘wise’ to keep your powder dry until
the weekend.