-·The favourite is No. 1, paying $2.50 & represents 40% of the market. This is the horse we leave out.
-·Horse No. 2 is paying $4.80 & represents a percentage of 21% or near enough.
-·Horse No. 3 is paying $7.50 & represents 13%
-·Horse No. 4 is paying $11.00 & represents 9%.

We can back each of these three horses to more than double our money if any one of these three horses is successful, & be far more confident of success than if we were to back the favourite.

If we aim to win $10 per race & keep our outlay to around $10 per race (for a total return of $20), we should win more races than we lose, & make an overall profit. Now, with 20 - 30 races run per day, we have a very good chance of being successful.

The chances are so good, that it is probably worthwhile to aim to win $10 on our first race, & if unsuccessful, bet on the next race to recover our loss, plus our $10 profit on our next race. For our second race, we will have lost $10, & want to win $10, plus our loss, for a total of $20. This means that we can bet up to $20 for this second race. If this fails, do the same again for the next race & so on.

I spent three months doing this, & never had a losing day. At each of the seminars I conduct, all of my clients are required to learn & use this strategy, & I have never seen a failure, although technically it is possible to have one. If at any time you adopt this or a similar strategy & were to get $1000 behind, then it is time to quit for the day & start again tomorrow.

Once you have achieved your day's target of $100 profit, that is also a signal to quit for the day. The secret behind this successful strategy is to take small drinks from the well, & do it often. If you attempt to take too much from the well, you can often become unstuck, & here's why.

Assuming you were to lose eight races in a row, you would be behind over $1,000, on average, & your last lot of bets would be around $500 - $600. If you were to look for $20 a race, you can double that figure & so on. Now that might be OK on a Saturday, when each race has $200, 000 or more on the T.A.B. During the week, when there is only $40,000 or so invested in each race betting pool, bets of that larger size are going to have an affect on your dividends.

An expected dividend of say, $11.00 may reduce to just $9.00 or $10.00. It could happen that you bet on a race, back the winner, but fail to make enough profit to cover your losing bets.

Whenever this happens, you just have to consider your current betting sequence closed & start again.

Using Ratings Selections
I am using the Ratings provided by the Rating Bureau in Sydney for this example, but the same strategy would work for most Rating & selection services, even though I personally consider the TRB Ratings to be the best in the Industry (along with my own Winform Ratings, of course).

Most Ratings services will find the winner in the first two selections up to 40% of the time, & in their first 3 selections  up to 50% of the time. It makes sense, therefore, that we could apply the above strategy to Ratings selections.

The difference here is that we often get good value (over the odds) with those selections & our outlays at times will be a lot less than when we apply the strategy to 2nd, 3rd & 4th favourites, as above.

Once again, I trialled the TRB Ratings selections over a period of several months & I have to admit, I experienced about three losing days over the period which covered about 100 betting days. On a normal day, I was able to make $200 - $300 per day. This was mainly because of the better value selections, & even allowing for losing over $1,000 when there was a series of losing bets, I was still able to average a clear profit of $440 per week. You must remember that some days I was able to quit after only one or two hours of betting.

Here's the Progress of Betting on a recent Saturday

Remember that I am betting from race to race, so Sydney, then Melbourne, then Brisbane, Adelaide & so on. If I cant back at least the first two selections for the money allotted, the race is skipped. We never bet more than the profit we can make, i.e. For a profit of $10, we outlay no more than $10.

I didn't actually make $100 profit until the very last race at Brisbane, & the longest losing run experienced was only 5 (from Sydney Race 3 - Sydney Race 4) & it was a full days work.

On any individual day, the action can take place all at once & you might win 10 of your first 15 races. The figures above are reduced to smaller amounts. I actually invested $30 per win, & so ended up over $300 in front on a bigger bank .

New Winform Software
Winform has recently released a series of programs to be used on your PC.One of these programs is the $100 Per Day Plan Program.  Based on the Principles of the $100 Per Day Plan, you can eliminate the stress of deciding which horses to back.  Simply enter the dividends for each horse into the program 5 minutes before the jump, and based on the bank you have nominated, the program will tell you how much to bet on which horses. Designed to be simple to use and understand, you will have no trouble backing multiple horses in a race with the certainty that you have the right money on the right horses.

Some of the best features of this program are the options regarding money management. You can enter the location of your bets, use multiple banks to keep track of the races you are following, and enter the results as you go.  You can review your bets for the day, including your profit, your strike rate, your return on investment and where you placed the bets. The $100 Per Day Plan Software can be purachsed on the Winform Online Store and comes with a copy of Make Racing Pay, which highlights even easier ways to use the $100 Per Day Plan with less risk.

Horse Racing Australia Magazine
For those of you with access to the Internet, Winform encourages you to take a look at the Horse Racing Australia Magazine. It can be found here and will prove to be an interesting and informative read for anyone who has any interest in Horse Racing & Punting.