An alternative to paper trading for extensive periods is to move beyond paper trading after a short time and progress to micro-stakes trading. This is where you place real bets with the online bookmakers of your choice, but using minimum stakes so that your exposure to the risk of losing is still very low.

Picking National Hunt winners can be made a lot easier if you combine the basic principles of picking winners with a handful of additional principles that apply specifically to the National Hunt code of horse racing. That’s because the ability to handle much longer racing distances and to jump obstacles in an effective manner has a direct influence on the chances of a horse winning.

Here’s an interesting observation on how to get rich by horse betting online. Bet £10 on an even money winner then take the entire return (£20) and bet it on another even money winner. Repeat the process of reinvesting all of your profit on the next runner and if you get a straight run of 15 even money winners at the rate of one per day, your initial £10 investment will grow to £327,680.