What is Horse Racing Software?

When we refer to horse racing systems, we mean a software tool to help select and find an opportunity to get into the market with the greatest potential return for the lowest risk. Click here for an artcle on the 8 things you should know before you jump into horse racing betting.

Starting right with Horse Racing Software

Do you want to bet on horse racing?

Want to have the greatest return on your horse racing bet?

There are many literally hundreds of software packages and systems being sold every day which don’t work.

The key to using these systems is knowing what to look for.

Sound obvious?

Well I am not talking about on the screen of the system or software itself but in selecting a software system in the first place.

The most important factor is finding the software that best suits you and your goals.

The second factor is knowing exactly what exactly is the service being offered by the seller (vendor of the software or system.

The third factor is doing your homework so you know what are the options available and what they can do for you.

How much should it cost?

Software ranges anywhere from free limited systems to $50,000 – $60,000. As you may be aware this is one industry where price does not always equal quality.

The average in the industry is around 10,000-12,000.

In my opinion even this is a bit rich for what is offered.

8 things to look for in horse racing software.

1. You get structured training and support from the company behind it.
2. The package includes a forum or community so you can learn and refine your strategy with the help of others direct experience.
3. Has a paper trading / practice mode so you can get to know the software before risking capital.
4. The company offers a trial or cooling-off-period so you can work out wether it is right for you.
5. The investment and plan that the company suggests to get you started fits with your financial goals and position.
6. The system does not lock you into their exclusive data service for expensive monthly fees.
7. The betting system places bets from within the software
8. The golden rule – has a money management system built in eg stop loss, bank management etc.

These are the rules I used to find software that works and I could afford.

They gave me the help i needed to get started and I found a community of people to refine my knowledge and help increase my returns.

They also offer a free (unadvertised) weekly tipping / tipster service that is absolutely awesome.

The horse racing software I picked?

Because I am in Australia, I picked BettorTrader. They fit a number of my criteria and let me take the time to have a look, try it out and make up my own mind. This link takes you to their site where you can seen what the benefits are for yourself.

What next?

In the next week we will be launching a dedicated site looking at the criteria for selecting horse racing software and systems.

Now that I have found one that works I am going to continue the hunt for other software and tools from around the world including the UK and USA. If you have any suggestions please let us know.