My advice in a nutshell:
- Get a grip on different race classes, weights and race types, WFA, Set weights, handicaps, Fillies and Mares only etc.
- Stick to quality races with exposed form, minimum 4 starts each runner
- Personally I bet only at NSW, VIC courses and on Saturdays, in Brisbane
- Understand that pace plays a massive role in who will win a race. If you like a horse that generally settles at the back of the field, make sure there's a high chance of there being some pace upfront. Conversely, it's best that your horse doesn't get stuck in an epic speed battle up front if it's a natural leader.
- Choose races where all horses are $3+ in betting.
- Track conditions do matter. Some horses need it bone dry, others want it heavy to show their best. Make sure your selection/s have run well in the conditions or add 3 points to your minimum price if they haven't run in them as yet.
- Good horses and good rides win races, hype doesn't
- Understand the risk of losing runs and stake accordingly
- Don't chase losses.
- Paper trade or bet minimal stakes for at least 6 months before getting involved with serious money.
- Become an expert, whether it's in ratings, assessing video replays, sprint races, distance races or in one particular racing State.
This is a good start.
I also recommend these websites:
RACERATE - systems, ratings and excellent articles
RACING RADIO NETWORK REPLAYS - replays of all VIC races and NSW races on Wed/Sat only
RACENET - racing articles
RACINGANDSPORTS FORM GUIDE - my favourite form guide
Go get 'em Greenhorn!!