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

There are almost as many ways to make money betting on horses as there are ways to lose money. The best ways usually involve patience. If there ever was a key to making money on horse racing it is probably that one human trait, patience. Why does patience work? Because most of the people who are betting on the horse races are trying for easy and instant profits or thrills.

Most horse players, especially the casual horse players, are looking for action. If you are willing to be patient and to use that patience as a tool, then you can be successful. One way to use patience is to watch and follow certain horses you have identified as good horses. These horse may fall into several categories, usually based on age and ability.

Let’s face it, there is no sense in following a horse with no chance of winning or improving. So if you can identify a horse that can improve and therefore win and surprise the crowd, you have a chance to cash a nice ticket and win some good money. One of the best ways to find a horse to follow and make money on is in the maiden ranks. obviously, what you are looking for is a well bred maiden.

Most maidens with superior breeding go off in their first few races at short odds. The crowd expects a lot of them based on pedigree, but when they fail, they quickly lose favor and the crowd’s trust. Just because a horse is well bred, it doesn’t mean it will ever win a race, but it is a place to start looking for a good horse to watch and follow.

If you find a well bred maiden who has dropped into the claiming ranks, and it gets claimed by a good trainer, no matter how lousy it looks on paper, it may be a good bet in its next race. Competent trainers watch the maiden ranks and look for horses that have a problem that they think they can correct. They often do just that and the horses pay big when they win. it may take a race or two, but if a good trainer gets a well bred horse in his or her barn and makes it his or her project, it will probably win. The change can be dramatic, so don’t get caught off guard.

The next place to find a horse to follow is in the claiming ranks for older horses. What you are looking for is a horse that has shown the ability to win in the past but who has fallen on hard times. Mediocre or lousy trainers often wind up with these types and are unable to get the win with them. Add these horses to your list and wait until the horse is claimed by a good trainer with a high average with claims. While you may not get good odds on the horse, sometimes they will surprise you because the horse looks so bad on paper.

Find a horse with a low percentage trainer, a horse with some back class and wins. If you are at the track and have the chance to actually see the horse, watch it in the saddling ring and check it out. Make some notes about it and then wait for it to get claimed. It may take a while, but eventually it will get claimed if it has any potential. After the claim, when it races again, look the horse over and see if it looks better. While it will still look bad on paper, you may see a marked improvement in its appearance and bearing. If it looks fit and on the muscle, it may win or at least finish well.

While the above methods I have mentioned may seem old fashioned and slow in this age of computer handicapping, they still work very well and are fun to do, if you have the discipline to be patient.

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]http://williewins.homestead.com/handicappingstore.html, Bill’s handicapping store.

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

The secret to making a profit betting on horses is to make more good bets than bad bets. While that may seem ridiculously simple, it is also the key to making money, and therefore, very important to fully understand.

Here is what I mean. Let’s say you make fifty $20 bets in one week. It doesn’t matter if we are talking about exotics or win bets. You win 20% of those bets, but lose $100 over the course of the week. You are left with $900. How can you turn it around and make a profit the next week?

One way is to eliminate bets that you made on races that had too many variables, or unknowns. I am talking about horses that are shipping, horses coming back from a layoff, or other situations where you are scratching your head and trying to figure out how to handle the horse. Here is what I recommend, turn the page.

Just pass on the whole race and move on until you find one that has horses who have races over the track and at the distance and who have raced recently. All those variables are what will get you time after time. The beauty of this method is that as you get used to using it, you can scan races and quickly decide if they are worth a closer look and in depth handicapping.

That means that by eliminating the losers you will be saving yourself time which can be spent at the track enjoying yourself. It also means you can make more money. In the example given above, you lost 10% of your bankroll. Perhaps ten of those fifty races that you played had so many variables and unknowns that they could have been spotted as unplayable races and passed over.

If you could have eliminated just ten races that you wasted $20 per race on, that is $200. So instead of playing fifty races, you would have played forty races and spent $800 instead of $1,000. But you would have still had the same number of winners and collected the same amount so your $100 loss would become a $100 profit. You would have also saved time and suffered much less stress.

There are some races that just can’t be figured and those races should be eliminated, passed over. You can scan any racing program and spot a few of these by finding the horses who present too many questions and leave you scratching your head. Just say “no” to bad races and turn your losers into winners.

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 systems, including some that start at just $5, go to [http://williewins.homestead.com/handicappingstore.html]http://williewins.homestead.com/handicappingstore.html, Bill’s handicapping store.

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

I was recently at a race track and saw a man I know, who is a pretty good handicapper most of the time, go on tilt. That is a term poker players use to describe the vulnerable and sometimes volatile condition a person might experience after having a bad beat. In this man’s case, his horse was beaten by a 60-1 longshot at the finish line.

He ranted and raved a while and then went to the self service betting terminal and angrily punched in more bets. He was bound and determined that he was going to win, no matter what it took. Unfortunately for him, what he really needed to do was to stop gambling until he’d cooled down and could make rational decisions, not emotional reactions.

There is an acid test that you must perform when you take a bad beat, and we all do eventually, if we keep betting on horse races. The test is to decide if you are making rational decisions or emotional reactions. Emotional reactions will ruin you at the race track or casino. While the thrill of winning is a big part of playing the horses no matter how professional we may become, overall, our first line of defense is our ability to keep a cool head and make good decisions based on mathematical and historical facts.

In other words, we learn lessons and use the past and good math to find profitable situations, like anyone else who speculates. Once you lose the ability to look at a situation objectively, you may as well stop betting. If you are going to be a professional horse player, whether trying to make a full time living or just to show a profit by betting on horses, then you have to understand that monitoring yourself and maintaining your equilibrium is a must.

My friend who lost his temper and began making angry bets wasn’t paying attention to what he was doing or his feelings and where they were coming from. Losing to a longshot is part of life and sometimes we are the ones who bet the longshots and celebrate when they win. There was probably something else bothering him in his life and the loss just seemed to make it that much worse. That is why many professional gamblers lead such minimalist lives, the fewer things to aggravate, the fewer reasons to go on tilt.

So if you happen to take a bad beat at the race track and start to go on tilt, ask yourself this one question, what else is bothering me and why am I getting so angry when I know this is part of betting on horses? Then take some time off, regain your composure, and start all over, it is part of the game.

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]http://williewins.homestead.com/handicappingstore.html, Bill’s handicapping store.

Article Source: http://EzineArticles.com/?expert=Bill_Peterson http://EzineArticles.com/?Horse-Racing-and-Gambling-Require-Strength-and-the-Ability-to-Endure&id=2630854

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

Is there a quick and easy way to pick winners at the horse races? Yes and no is the honest answer. Yes there is a quick way to eliminate the losers and therefore be left with the most likely winners. Does that mean you will make a profit from the horses that are left to bet on? Maybe, but nothing is guaranteed, especially in anything as risky as horse racing.

Many people spend hours pouring over racing forms and programs searching for winning bets. Good horse racing handicappers look for horses who are the best and therefore likely to win. Good gamblers also may handicap horse races, but they are not only looking for the likely winners, but also for situations to make money on and those two things are sometimes not the same.

You will find at most race tracks that the most likely winner will be the favorite in the betting pools. However, that horse may not always have a statistical edge and that is how you can eliminate horses who will probably disappoint the crowd. The reason is that a horse often gets a lot of money bet on it for one or two reasons and the crowd is sometimes willing to overlook its shortcomings because of some impressive statistic.

For instance, statistically, horses who have not raced within 30 days of the date of the race are much less likely to win. In fact, at least 70 percent of winners have had a race within 30 days of the current race. But you will still find horses that take a lot of action at the betting windows, may in fact be the favorites, who have not had a race in over 30 days. There must be a reason for that and it is usually a fast speed figure in their most recent race, a big class drop, or some other impressive factor.

Many people call these favorites who have a statistical flaw or handicap, phonies or false favorites. To find the false favorite, look for any horse who is taking most of the betting action who does not meet the following criteria…

1. must have raced in the last 35 days2. must be racing at the same class or a lower class3. must have a last race speed figure in the top three

Just by using those three criteria you can eliminate many false favorites. Of course, once you eliminate the false favorite the next thing you must do is find a horse who is within the top three favorites in betting who does meet those requirements. The winner is usually found within the top three horses in the betting and will meet those requirements.

Finding the horse who meets the requirement for a winner is one of the quickest and easiest ways to find winners at the horse races. Many of them do go off at short prices and if you want to make a profit, you may have to do more in depth handicapping, but you will find that it is worth it if you want to make money betting on horses and you are looking for more than just a casual day at the races.

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]http://williewins.homestead.com/handicappingstore.html, Bill’s handicapping store.

Article Source: http://EzineArticles.com/?expert=Bill_Peterson http://EzineArticles.com/?Quick-and-Easy-Way-to-Pick-Winners-at-the-Horse-Races&id=2630884