Penworthy

How to make a profit on the horses

A new column from Spectator Life

  • From Spectator Life
Credit: Getty Images

Welcome one and all to this new weekly column on horse racing. The industry is facing some challenging times – low prize money, small fields, rising costs for trainers/owners, a lack of cohesive leadership and more. 

But it is not all doom and gloom and Penworthy – the name derives from a character in P.G. Wodhouse’s short story The Purity of the Turf – will try to lift the spirits of those passionate about the so-called Sport of Kings.  

This will hopefully be achieved not by solving, or even addressing, any of the above important topics but instead providing some winning bets. For this is a tipping column – it will try to ensure that those who enjoy a bet actually make money from their hobby too. 

I have been interested in racing since my dear, late father took me, as a very small boy, to see the great Arkle, three times winner of the Cheltenham Gold Cup and arguably the greatest steeplechaser that ever lived. 

I loved the athleticism of the horses and the glamour of the sport but I quickly became fascinated by the betting too. I am not a professional gambler but, in recent years, my record against the bookmakers has been a good one.  

In a newsletter to a group of friends, I have made money – sometimes a lot of money – for 13 out of the last 14 seasons. I average only one or two tips a week, but in the last jumps season alone I tipped Global Citizen at 50-1 to win the Johnny Henderson Grand Annual Challenge Cup at the Cheltenham Festival and Hewick at 33-1 to win the bet365 Gold Cup at Sandown (all claims verifiable). 

I am not interested in backing horses at short prices.

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