Bill Peterson

Are you trying to make a profit from horse racing handicapping? If you are one of the many people who tries to make money on horse racing betting, you may be working very hard. In fact, you may be working too hard.

The desire to be a winner is very strong in some people and horse racing handicapping is an intellectual sport. As with any sport, it brings out the competitor in most of us. On top of that, it is a matter of pressing financial expediency. In plain English, you need the money. While I always advise people not to gamble with money that they cannot afford to lose, I realize that for some gamblers, there is no such thing.

How many times has this happened to you? You handicap a race and make your picks. You find a horse that seems to be priced right and whose chances you like. Then, just before the race starts, you start looking at other runners and your confidence begins to erode. You can’t seem to stop yourself from making more bets on other horses or even combination bets just in case.

The race goes off and your pick wins the race, but because of the other bets you made, you make very little or actually lose money on the race. This is the most common symptom of two things, lack of confidence and over handicapping. Both are deadly to the bankroll.

While I recommend not betting until you are sure you are getting a fair price on your pick, there is one thing you can do to solve the problem. Take only enough money to bet the horses you pick and bet them as soon as you enter the track or OTB parlor. When you win, don’t cash the ticket until all the races are over so you won’t be tempted to bet any of your winnings on last minute bets.

While last minute bets and hunches sometimes pay off, in the long run they probably won’t be winners and you will wind up losing some of your profit or even all your profit back due to your lack of confidence and discipline. My advice is to remember the old adage, “Your first guess is your best guess.” That certainly applies to horse racing. Don’t bet until you are sure you are getting good odds. If you suffer indecision at the last minute, don’t make more bets to cover yourself, just pass the race.

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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Bill Peterson

If you pay attention to your local or favorite track’s statistics you’ve probably noticed that horses racing from certain post positions are more likely to win. For a small number of races, that number isn’t very significant, but the larger the sample, the more important it becomes.

Depending upon where the starting gate is positioned, horses racing from inside post positions at a mile or over sometimes have a significant advantage because as they race into the first turn, they are already on the rail and have a much shorter route. The less ground they have to cover, the more likely they are to win.

Many tracks publish their post position stats so this is not a secret. The question then becomes, if the inside posts have a better chance of winning, is that factored into the odds? In other words, when the crowd bets, do they take into account the post position and the amount of action any horse receives reflects its post advantage or disadvantage.

If the crowd isn’t paying attention and lets this slip by them, it becomes an advantageous situation for betting. On the other hand, if a horse deserves to be at 5-1 factoring in the post bias, then post position becomes moot as a betting factor.

It takes time and experience, but after a while you will be able to see if the crowd is betting a horse based on post position. My own observation has been that it is considered, but rarely enough. If there is a 19% takeout on the win pool and you can gain as much as 5% of an edge just based on betting ones and twos when they are decent horses, then you are closer to making a profit from the races.

Also, if you like a horse but it has an outside post, taking into account the difficulty of breaking from that post and winning may help to eliminate a few costly losses. The name of the game is reducing that takeout percentage to 0% and then figuring out how to get into the plus column. That is no small task and makes it feel like we handicappers are always breaking from the extreme outside post, if you get my drift.

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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Bill Peterson

You will notice that there is one four letter word left out of the title of this article and that word is “easy.” That is because horse racing handicapping success and making a profit from horse racing is not easy. If anyone tells you it is, they are not being honest or they are confused. On the other hand, I believe it is possible.

Let’s take a look at what playing the horse and making money by betting on the races involves to get a better idea of how you can succeed.

1. The first thing that people discover, when they get beyond the recreational bettor stage, is that picking winners for profit is work. Handicapping horse races is sometimes called an, “intellectual sport.” If you follow professional sports then you know that pro athletes have to work hard to stay in shape and compete on the pro level. The same is true of being a professional race handicapper. You will have to take it seriously and work at it.

2. When I say that you will have to work I mean several things, first you have to learn how to do it. The best way I know of is to find people who are successful and copy what they are doing. The only problem with that is that the people who really can do it, aren’t real happy about giving away their secrets. On the other hand, there are systems that come pretty close and will teach you a lot about horse racing handicapping in a short amount of time.

Therefore, step number two is to read as many systems as you can, including the good books available, and to then take what you learn and customize it according to your own unique strengths and weaknesses. In the end, every handicapper has to figure out a uniquely personal way to do it. That isn’t easy and it takes time and experience. There are no shortcuts to success at playing the horses. That is both good and bad news. It makes it so there aren’t a lot of people doing it, but also makes it time consuming.

3. The third step is all about profit. Money is how we measure success in horseracing handicapping. Of course, there is the thrill of picking the winner and seeing it thunder down the stretch, the challenge and sense of accomplishment, and the personal growth that comes from working at something you love that tests you every day. But without the betting and making money to pay for the rest of the things you need, it is meaningless. If you are spending your time working at picking winners and betting them, you certainly don’t have time for another job so your income has to come from horseracing. That is not easy.

Therefore, the third step is money management and the accompanying discipline that goes along with that. You must establish good money management habits first and have the discipline to stick with them.

Those are the three steps to horse racing handicapping success.

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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