Everywhere you turn there seems to be someone new claiming to have the secret wonder system that you absolutely, positively must have to beat the bookies and win at either horse racing or sports betting. In fact, if I were to do a Google search right now on the term sports betting system, I’d get more than 806,000 pages of results. That’s a lot of people claiming to know THE secret.

Now I believe in everyone’s right to make a profit, but let’s look at these claims from a logical standpoint for just a moment. Say I come up with a system that works for me each and every single time I use it. For the sake of argument, let’s use horse racing and let’s pretend that my secret is to bet on every starting price favourite that finished second in the race previous to the one I’m betting on. Now for my system to continue working, the odds on the winning bets need to be high enough to cover all the losing bets as well. If only a few people are using the system, that’s not an issue.

But let’s say that since it has worked so well for me, I tell a few of my friends. When it works for them, I see an opportunity to make some money and I begin selling my system to anyone willing to pay the £47 I’m charging for my ebook explaining the ins and outs of my system. Before you know it there are hundreds of gamblers using my system and as a result the odds on the winning favourites are eroded as the bookmakers react to the weight of all the money being placed on them due to the system backers. Before you know it, my system is totally worthless as not enough profit is made on the winners to cover the cost of backing the inevitable losers.

Now just think about this for a minute – if you had a system that was consistently letting you win time and time again with excellent odds, would you share it with every Tom, Dick, and Harry who comes along? Of course you wouldn’t. You’d keep it to yourself and continue to profit from the system, whilst living an idealistic lifestyle on your private Caribbean island. Sharing it means losing the value of the system. Which is why I strongly believe that most horse racing and sports betting systems are worth about as much money as you paid me to read this article – absolutely nothing!

In fact, the only people making money from the horse racing and sports betting systems being offered all over the internet are the guys actually selling them and the affiliate sales people they draft into helping with the sales process. Let’s call my imaginary system the Sure-Fire Betting System. By getting twenty of my friends to promote my system along with me (and paying them 50% of whatever sales they refer to my website) I can generate all kinds of positive press about the system on the Internet. When an unsuspecting customer comes along, they see all these people saying great things about my system and before you know it, bang, I’ve got another paying customer. See how it works?

But hold on I hear you say – didn’t the Sure-Fire Betting System website promised a money back guarantee? Well yes they did, however most of these people are scammers and unscrupulous traders so they bank on the following scenarios playing out, firstly most people are apathetic and never get around to asking for the refund and secondly those that do are generally ignored anyway.

Sadly putting all your faith into the guaranteed wonder system that you bought online from the so-called systems expert is not going to help you make the promised untold riches from betting. Hopefully you are beginning to realise now, that the only people making any money from the ‘get rich quick’ betting systems you keep reading about are the people actually selling and recommending the systems – as the old proverb says ‘If something looks too good to be true then it probably is!’

So if you posses a ‘get rich quick’ approach to gambling then I am afraid you are destined to fail just like 99% of your fellow gamblers. However if you are prepared to stop gambling and willing to learn how to bet like a professional by treating your betting account as if it were an investment account, betting in the right kinds of punter friendly races, protecting your profits and reducing your controllable losses then it is entirely possible to make slow and steady profits from betting with out relying on the latest betting system to hit the market.