3 Ways to Stop Losing at the Horse Races
Posted by: willie in Horse Racing Handicapping, horse racing betting, horse racing systemsAre you still losing at the horse races even though you cash many tickets? Does it seem like you should be making money, but for some reason you come out of the race track with less money than you started with?
You’re not alone. Many people who are good at handicapping horse races are still losers.
There are several ways that you can tighten up your game, but first ask yourself this important question, “Do I really want to make a profit at horse racing handicapping?”
It isn’t such a silly question. Many people bet on horse races for reasons other than to make a profit, to make money. One reason people wager on horses is to have thrills. Another possible motivation is that they want to lose so they can commiserate with the other losers and feel like part of a group. I know it sounds strange, but why else would certain people go to the race track for years and lose money and then stand there and complain about it? For whatever personal reason there is in there psyche, they want to lose.
Once you’ve answered those questions and determined that you do, indeed want to win, then check these three keys to making a profit at the races…
1. Do you spend money on admission fees, parking, travel, food, drinks, programs that could be saved. Many people find that by cutting corners, packing a lunch, finding less expensive programs, etc, they actually start to make a profit. Investing in horse races is something like buying stocks. You can waste a lot of money on a high priced broker when all you need is a discount broker. Look for ways that you waste money at the races. For instance, that $3 beer every trip for 50 trips is $150. Paying $10 to go to the clubhouse when you could go to the $2 grandstand is another example.
2. Are you using a good money management system? Keeping track of your bets and wagering set amounts that are based on your bankroll is an absolute must. Betting $50 to win on one horse and then $200 on another when they each have an equal chance of winning is not good money management.
3. Do you set limits and stick with them? How much do you plan on winning or allowing yourself to lose before calling it a day. Good handicappers set win/loss limits and stick to them. How many times have you been ahead at some time during the day, but left the track a loser? Knowing what a reasonable amount of income from your bets is will help you to realize when you’ve had your share of winning or losing for the day, collaring greed or unbridled optimism is an absolute must to say ahead.
These are just three ways that some people blow their profits at the races. Make sure it doesn’t happen to you.
The most consistent horse racing systems have to have the basics and a handicapper must understand the basics. I have been around horse racing for 50 years including as an owner. Without the basics the rest is not going to do any good. If you want to learn how a horse owner and insider handicaps just go to http://williewins.homestead.com/truecb.html and get the truth.
Bill Peterson is a former horse race owner and professional handicapper. He comes from a horse race handicapping family and as he puts it, “Horse Racing is in my blood.” To see all Bill’s horse racing material go to http://williewins.homestead.com/handicappingstore.html Bill’s handicapping store.
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