Tracking money has been a great practice among bettors since the invention of exchanges allowed people to see the exact amounts of cash that were being placed on each horse in a race. This is something that, if used correctly, can be a very profitable betting strategy, but if done wrong, you will lose a lot of money. Following these 3 simple rules will allow you to benefit from the work of other bettors.

1. Ignore big bucks on favorites, especially high-profile races. Often the big money coming in will simply be people following the crowd and betting on the hottest horse in the race. You won’t find much value in these.

2. Look for big bucks for the longest priced brokers. This is unlikely to be the Sunday gambling crowd and may indicate that someone who knows what they are doing is having a kick.

3. Look for big bucks for horses that are not well endorsed by the media. Most punters don’t actually read races, they just bet on the picks of people who do. If a horse that has received little or no attention from experts is betting a lot of money, someone probably knows something that you have missed. So to put all of that into a viable strategy, use these steps as a general outline

1. Take the list of all the horses in a race.

2. Cross out favorites

3. Cross out the highest rated time form (you can find this information for free at betfair)

4. Using the race publishing site or newspaper, cross out runners who appear on the day’s NAP list, who get a lot of tips from newspaper reporters, who have much higher than average PR ratings or ratings from top speed, any horses that have won their last race or that are tipped by Pricewise

5. Download betfair rapid (it’s free) so you can easily see how much money is going to each location.

6. If one of the remaining horses on your list suddenly starts receiving a bet of thousands of pounds during the last 10 minutes before departure, consider it a selection.

It is not an exact system, because with something like tracking money or trading prices there are really no exact systems (that will work anyway). It’s a case of practice, practice, and practice until you start to have an instinct for it. However, if you do it with the information about, it will put you far ahead of 99% of other people trying to follow the money.