Archive for January, 2010

By Bill Peterson

If you want to make money betting on horses, by being good at horse racing handicapping, then you must learn to recognize positive changes. If all the horses in the race performed the same way they did in their last race, picking the winner wouldn’t be very difficult. The problem is that nothing stays the same and yet, people look at the horse’s last race to see how it will perform today.

The reason that doesn’t work is that horses are living, breathing, animals and their health, condition, attitude, changes from hour to hour and day to day, just like humans. If you can look at a race and find a horse that has a reason to improve, then you are looking at a horse that may not be properly valued by the crowd. That is how you make money betting on horses. You must find the horse that is under valued.

The reason that the other bettors under bet a horse is usually that they think it will perform the same way it did in its last race, and that race wasn’t as good as another horse’s that is running against it. The horse with the best last race is usually the favorite. That makes sense in a way, except that you can never make money betting on a horse like that.

Horses with a good last race will usually take most of the money and yet, if you look at the races before that one, you’ll see that the horse had some other races that weren’t as good. When it finally rounded into form and won a race, it was probably under valued and some other horse was the favorite. This cycle repeats itself over and over again and yet the crowd keeps buying into it.

The things that can change, and therefore improve a horse, are conditioning, equipment changes, jockey changes, barn changes, improved health. In order to understand these changes you need to learn a little about horses. For instance, if you see a horse with front wraps, bandages on its front legs, it may be having problems. If the horse didn’t have wraps when it won its last race, why does it have them now?

There could be three reasons…

1. The trainer is trying to throw some of the bettors off the horse so he or she can get better odds.

2. The trainer doesn’t want the horse claimed and figures the wraps will scare other trainers away.

3. The horse has developed a problem and is going lame. Maybe it raced so hard last time out that it now has a bowed tendon or other physical problem that will affect its running.

If you know a little about the trainer and his or her tricks it will help you to decipher that one. My point is that in any race there will be changes. Each trainer is trying to figure out what it will take to make his or her horse run better and you need to see which ones are good at doing just that. That is how you’ll find a good bet and that is how you make money handicapping horse races.

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. To see all Bill’s horse racing material go to Horse Racing Handicapping, Bill’s handicapping store.

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By Bill Peterson

If you are handicapping horse races and trying to make money by picking winners or playing exotics, there is one thing you should do to be successful. I am talking about limits. People budget their money and set limits on many expenses, but some forget how useful limits are when they are at the race track. Some people set a limit on how much they drink, eat, spend and those limits help them to be healthy and happy.

While going into the race track or OTB parlor or betting shop with a set amount of cash and saying you will only allow yourself to lose that amount is a start, there are many more constructive ways to use limits. For instance, did you ever consider setting a limit on your winnings?

While that may sound crazy, it is one of the best ways to make a profit over the long run and to think and act like a pro. Studies have shown that at some time during their visit to a casino, most gamblers are ahead. Yet most people leave as losers, despite having been ahead of the game at some point.

The same is often true of horse players. How many times have you been ahead at the track, only to leave a loser. It is frustrating because if you only knew when to stop betting you could have left with a nice profit. But unless you’re psychic, you just don’t know which bets will pay off and which ones will lose, right?

The key isn’t in knowing the future, the answer is actually in the past. In order to be a successful horse player and make money from your bets, you have to know what a reasonable amount of winnings is and when you reach it, call it quits for the day. In order to do that you need to keep notes of your progress each day at the races.

You may be amazed to find that if you just set a certain limit and tell yourself that when you reach that amount of profit, you’ll quit for the day, you will start leaving the track more often as a winner. Real profits from handicapping are made over the long run. As they say, you eat an elephant one bite at a time and you have a successful year as a horse racing handicapper, one day at a time. Start stringing together winning days by knowing when to stop for the day and you’ll enter the ranks of the few disciplines and successful horse players.

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. To see all Bill’s horse racing material go to http://williewins.homestead.com/handicappingstore.html, Bill’s handicapping store.

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By Bill Peterson

I have been asked many times whether there is a horse racing system that really works. The quick answer to that question is, yes, but the longer, ambiguous, but more accurate answer is yes and no. I am not trying to be cute, just letting you know how complicated the question of horse racing systems really is.

The reason that I say yes, is because horse racing systems can make money for a smart player. The reason that I say, “and no,” is because they don’t always make money. If you use a horse racing system that works at one track or in one kind of races, it may very well make you money, but if you try it at another track it may lose.

You have to do research so you will know what works at each track and in each kind of race. That means keeping accurate notes and planning ahead. The notes that you keep may not make a profit today or this week, but in the long run, they will make money if you use them wisely.

An example of my own success with note keeping and betting on the horses is the bets that I make money on at Aqueduct. When the races go from Belmont to Aqueduct on the New York racing circuit, I make money playing certain bets in maiden races. I make money because I kept track of what running style wins at Aqueduct and also which trainers were winning with that angle.

Early speed doesn’t hold up as well in the maiden races at Belmont as it does at Aqueduct. While Belmont seems to favor horse running off the pace a bit, Aqueduct favors front runners. So I watch maidens lose at Belmont after being on the front end or flashing early speed and wait for them to start at Aqueduct.

They often get to the front and take the lead at Aqueduct but instead of fading as they did at Belmont, they win. They often go often at good odds because the average bettor sees that they faded at Belmont and expects the same results at the “Big A.” This is just one example of long range planning that pays off and if you are investing in horse races, note keeping and long range planning will pay off if you stick with it.

If you expect quick profits and easy work, then forget about betting on horse races, but if you are willing to work hard and think ahead, you might make a little profit from your bets. It is a tough game and you have to love it in order to be able to put forth the effort to win.

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. To see all Bill’s horse racing material go to http://williewins.homestead.com/handicappingstore.html, Bill’s handicapping store.

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