False Favourites a flagship for my new blog...

As I've been investing online for some time now and retirement is not a million years away I'm starting to look at what I'll be doing when the days are my own.

As I've enjoyed writing this blog I thought I'd expand somewhat and start a new one. This will be about horse racing (primarily in the UK) and I'm hoping to appeal to readers who want to learn both what horse racing is and how it can provide an additional income.

To this end I've been studying the 2009 version of False Favourites as it has received glowing reviews and is very keenly priced.

I did look at False Favourites a couple of years ago but found it somewhat overwhelming and fairly time consuming. Luckily the author, Jonathan Burgess has refined things and made it easier to use. Now, when I say easier to use I don't mean that you won't have to do any work yourself, because you will.

This book provides clear guidelines on how to identify False Favourites in both Flat and National Hunt racing in the UK (possibly Ireland as well but the number of runners that tend to be in each race there can lead to one of the criteria not being met).

You will need to invest time in learning how to do selections and there is personal judgement involved. This does mean that people may well choose different horses each day which means that placing a wager shouldn't impact the market too much.

To help increase efficiency in applying the system you can do some work a day or two ahead of the meeting although the selection process can't really start in earnest until odds are posted on the Racing Post website from 7pm on the evening preceding the race day.

One thing to bear in mind is that the Racing Post website is currently free to join and provides a lot of the data you will need to look at. However, the site will not remain free much longer and it is not yet clear just what information will be restricted to paying members. I suspect that some of the information needed by False Favourites will only be available as part of the paid for content.

Having said that I'm convinced that the system has the potential to make you money as long as you stick to the rules and stay focused. The author is dedicated and somewhat evangelical about his expertise but in my opinion he is trying to warn people away from scams that are continually being offered to horse racing enthusiasts.

So, in conclusion, I'd recommend False Favourites to anyone who wants to learn a reliable way to make a second income (or perhaps even a first) and will be reporting on my experience in my new blog on a regular basis.

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