By http://ezinearticles.com/?expert=Bill_Peterson    Bill Peterson

There are many people trying to make money betting on horses who are making things difficult for themselves. Horse racing handicapping is difficult enough without having the odds against you. A simple understanding of the odds, probability, and statistics of horseracing and betting will demonstrate what I mean.

Let’s take the simplest bet and see how you can have a better chance of picking more winners. Of course I am talking about straight win bets. The size of the field is something a lot of people don’t take into consideration when handicapping a race, but you really should. Simply put, the more horses the more your chances of losing and the more time it takes to handicap a race to see if there is even a playable horse in the race.

This has two factors that you must take into account. First of all, let’s start with the time it takes you to handicap a race and the number of races you can handicap in a day without burning out. If you can handicap for five hours a day and it takes you 20 minutes to handicap a ten horse race that is 2 minutes per horse that you handicap in the course of a day. You can handicap 15 races with ten horses in each race or

By only handicapping races with 8 horses, instead of the 10 horse races, you eliminate two horses per race and can now handicap 18 races in the same amount of time. That is three more chances to find a good bet. But it gets even better because in a ten horse race, all things being equal, you have a one in ten, or 10% chance of winning, but in an 8 horse field you have a one in eight or 12 1/2% chance. It doesn’t mean that your chances are 2 1/2% better. It actually means that your chances are 25% better.

So by only playing races with 8 horses or less, you can handicap 20% more races in the same amount of time and increase your chances of winning by 25%. In horse racing handicapping, as in any money making venture, time is money and how you budget your time and the level of difficulty you choose, will have a direct impact on how much money you make.

Think about this the next time you are planning your day and choosing the races you will play.

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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