Archive for the “horse racing betting” Category
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.
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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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By http://ezinearticles.com/?expert=Bill_Peterson Bill Peterson
Looking for an easy horse racing handicapping system? Finding one isn’t very hard to do. There are many people who claim they have found an easy way to handicap horse races and to find winners. Those systems are for sale all over the internet. But betting on horses is a risky proposition that should not be taken lightly. It requires a lot of skill if you want to make a profit from your bets. Therefore, while you may find a system that is easy, it is difficult to find an easy system that shows a profit.
Before we go any farther, let’s clarify what making a profit from betting on horses means for the purposes of this article. Making a profit from your horse bets means that for every dollar or pound you put into your bets, you get that money back (return of your investment) and also make a profit (return on your investment). We’ll refer to that return on your investment as your ROI. It may be expressed as a percentage, such as 10%, or an actual figure, such as $10, or 10 pounds.
While you read all the different claims for the horse racing systems out there, ask yourself this simple question, “If anyone really had a surefire and easy method of making a fortune from the horse races, why would he or she sell it?”
That may help you to come back to reality and to realize that no one is giving away the goose who lays the golden egg. On the other hand, in any pursuit in life, there are people with varying levels of expertise who are willing to teach you how to do something because teaching gives them satisfaction and it is a more reliable source of income. That is what the people who are honest and who sell horse racing systems with a money back guarantee are doing.
1. They will readily admit that it will take some effort on your part to learn and apply the lessons of the system.
2. They will also warn you that you probably won’t get rich and that gambling on horses is a risky business for anyone.
3. Most importantly, they will offer a full 100% money back guarantee with no questions asked. Not after you workout their system on a certain number of races and prove that you lost a fortune in bets, that is no guarantee at all. If anyone has a product that they truly believe in and have faith in, they will give you that 100% money back guarantee.
Yes, there are good horse racing systems out there. No, they will not make you rich over night. Yes you will learn some good handicapping tools from them. But nothing comes that easily in life, including truly learning how to handicap horse races and make a betting profit, a positive ROI.
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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There are people who only bet on either dogs or horses, and then there are other people who bet both on thoroughbreds and greyhounds, and of course, let’s not forget the other races, such as harness horses, Arabians, quarter horses, mules(?), etc. I once bet on a lobster race in Bar Harbor, Maine. (some people will bet on anything)
Most of the time I am pretty careful about getting what I consider good value for my money, no matter what I am betting on. I will admit there have been times in my life when I bought lottery tickets, but that was mostly just because I figured the government needed money. Unfortunately, they wasted most of what I gave them, so I went back to betting on horses and dogs. Hey, those ponies and puppies have to eat, too.
One nice thing about betting on the races is that almost everybody gets a piece of the pie. The race track, which employs local people and uses local services, gets money to continue operating. The people who invest in the runners get something back in purse money, though they seldom make a financial profit. The state and local government get something towards running their operations, too.
A lot of people get something out of racing, whether they bet or not. If you don’t like paying higher property taxes to support local education, then you might be a fan of racing, too, because some of the race track’s taxes go to support local education. What I am saying is that while the horse racing or dog racing community may seem insular at times, its impact is felt throughout the surrounding community.
There is a lot of controversy about the breeding of greyhounds and horses for racing purposes. Many people think that so many greyhounds or horses shouldn’t be bred and that their lives are short and unhappy. I’ve never seen a greyhound who didn’t seem happy chasing a lure and running with a pack of dogs. I think if we could ask those greyhounds whether they would rather have a chance to live and race or whether they would want to have never been born, they would choose life, wouldn’t you?
One of the arguments that the anti greyhound racing crowd are fond of is that the greyhounds spend a lot of time in a crate, and that is cruel. Ironically, many books on dog training suggest crate training a dog and leaving a dog in the crate overnight or while you go to work during the day.
It would be interesting to know how many of the people who are against greyhound racing, because it is supposedly cruel, keep their own pets in a crate, perhaps while they are working or sleeping or maybe when they are protesting at their local dog track, or any time when it is inconvenient for them to deal with their pet. There is a lot of hypocrisy in this old world and usually, when someone decides it is their duty to tell other people what they can do and what is right or wrong, you will find a hypocrite.
I have owned race horses and spent quite a bit of time on the backstretch. Not everyone who owns race horses is a horse lover and there are times when animals, thoroughbreds and greyhounds, are mistreated. On the other hand, there are times when domestic pets are mistreated, too. Most of the pople you will find caring for thoroughbreds or greyhounds are decent people with a genuine concern for the well being of their charges. Human nature what it is, there are always going to be a few bad apples and they should be weeded out.
We don’t need more laws, we just need to enforce the ones we have. We don’t need to outlaw anything else, we’ve got enough restrictions on our freedom and pursuit of happiness now. I have bet on races from countries all over the world and I have visited race tracks from Venezuela to Canada. Betting on horse races and betting on dog races is just something I do and that I love. Fortunately, there are still millions of people all over the world who enjoy a good race.
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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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