If you want to make money at the track, and we're betting you do! If your reading this, then we assume that you want to win at horse racing. Sadly or gladlymost people do not win at horse racing. Fear not, however, as the reason that most people lose is because they are not like us. They do not study horse racing and handicapping information. They do not have a game play for handicapping and betting on horse races. In short, they are content to throw their money into the pari-mutuel pool blindly and hope they get lucky.

Follow our Seven Point Plan for winning at horse racing. Winning at horse racing takes effort. If winning at horse racing were easy, everybody would be doing it. It is impossible to win at horse racing, or any other type of gambling, if you do not have a sound money management plan.

The question is, what constitutes a sound money management plan when it comes to horse racing? Optimal Betting is based on a mathematical principal called the Kelly Criterion. It recommends that you bet a percentage of your bankroll based on your "edge" over the game. Your edge, can be expressed as follows:. With Optimal Betting, it is imperative that you always know your edge. This means that you must keep betting records so that you know your win percentage, and average win mutuel. Betting records will also help you to identify your strengths and weaknesses as a handicapper.

More on that later. You should adjust your edge with every wagers or so. If your edge decreases, so does your wager. If your edge increases, your wager increases. Please be careful when increasing your wager. The reason for this is simple - there can be long losing streaks when you are betting on horse racing.

Tapping out makes it impossible to win at horse racing. A more conservative approach to money management is to bet a flat percentage of your bankroll on each race. A compromise between Optimal Betting and flat percentage betting is to bet a higher percentage on lower priced horses and a lower percentage on longshots. The size of your bankroll depends largely upon the amount that you are comfortable betting on the races.

Your standard wager size is also commonly referred to as a "unit. An example using the above criteria follows. This is, in our opinion, far too conservative. A good rule of thumb to follow is to have a bankroll of at least 50 times your normal betting unit, but times is even better. The underlying factor regarding bankroll size is that you want to have enough money to ride out long losing streaks.

Limiting your wagering to situations where you have both value and price is an important winning factor that many otherwise good handicappers often overlook. Contrary to popular belief, being a winning horseplayer is not about picking a high percentage of winners.

Rather, it is about finding good betting opportunities based on value and price. So exactly what are value and price? The terms are usually used interchangeably, but it should be clearly stated that value and price are not the same thing. Simply put, price is your reward for taking a risk. The greater your risk, the greater your price should be. We, however, are greedy and always insist on price even when our perceived risk is not that great. The minimum price Biggest money maker of 2016 club penguin cp always want is odds.

I actually want better than that, but will settle for if I really like a horse. Even on the slowest of racing days, there are many, many horse races run in North America. On prime racing days, there are literally hundreds of races run.

Each race represents a betting opportunity.

The Principles of Winning at Horse Racing

These opportunities, however, are not created equal. Believe it or not - please believe it - most horse races are poor wagering opportunities.

Successful horseplayers wait for good betting opportunities, then pound the hell out of them. These days, most of the people who go to the track to watch live races are either a losing players, or 2 are "old school" folks who don't have an Internet connection. Why are most of the players who go to the track losers?

They are losers because they are there for the social aspect of racing and are prone to betting every race on the card, and betting it poorly at that.

I am generalizing here and understand that there are always exceptions. The winning horseplayer is more likely to be betting on horse races at an Off Track Betting OTB venue or in the privacy gcc flag preprocessor output their own home.

Because they can review many races and bet only the races where they can get both value and price.

Here is a winning factor that you don't really see discussed. A common axiom among horseplayers is that there are many different ways to win at racing. Some handicappers use a speed-based method, others use pace, while others still use esoteric ratings of their own creation.

Each handicapping methodology, and there are lots of them, has its own advantages and disadvantages. The important thing is that a horseplayer master whatever method how to win money betting on horse racing use.

Too many horseplayers decide to purchase a handicapping book or buy handicapping software, then quickly discard it when it fails to be a Black Box. Handicapping, no matter what method you use, involves a lot of reading between the lines.

If finding the winner were as easy as always choosing the highest rated horse, we would all be millionaires. Handicapping, however, is not that easy. The true secret to handicapping is to correctly interpret the information being presented and to then apply it correctly when structuring wagers.

If you don't have a handicapping plan, you're going to be a loser. All successful gamblers, whether they are card players, card counters, sports bettors, craps players or horseplayers, have a plan. In order to have a plan, money maker toonix must first determine what latest stock market breaking news indianapolis of horseplayer you are.

If so, you need to be willing to grind out a profit playing straight bets win, place, show and exactas. Conservative how much money archaeologist make try to hit a high percentage of winners at overlaid prices. They don't go overboard going for large exotics scores.

Maybe you are more inclined to go for the big score than you are to grind it out. If this is the case, then you need to focus on trifectas, superfectas and serial wagers such as the Penny trader stocks 3 or Pick 4.

Or, maybe you like playing pricey winners but always with value and going for exotics scores. Whatever type of player you are, you must have a plan. This plan must encompass everything involving your horse betting game including the contender selection process, money management, correct bet structuring and record keeping. In short, your plan should encompass everything on this webpage. Record keeping may very well be the most important aspect of winning at horse racing.

After all, how do you even know whether or not you are winning or losing if you don't keep records? Keeping records of your horse racing bets does more for you than just telling you if you are ahead or behind. It also helps to show your strengths and weaknesses as a handicapper. Perhaps you are awesome at picking winners in juvenile 2 year old maiden races, but terrible at graded stakes races for older horses. What if you didn't know this?

What if you thought the opposite were true? Record keeping will tell you how well you are doing at handicapping races, betting them, and where your strengths and weaknesses lay. In short, record keeping is truth. Winners keep records while losers remain in denial. Our record keeping is very straightforward.

The headers we use for our record keeping are listed below. Record keeping can be done in a spreadsheet, or if you know how, you can use a database. Using a database is of great assistance when making queries into your handicapping proficiency. Home NFL MLB NBA NHL NCAA FB NCAA BB Horse Racing Fantasy More Resources Nascar Poker World Cup.

The Principles of Winning at Horse Racing. Employ a Sound Money Management Strategy It is impossible to win at horse racing, or any other type of gambling, if you do not have a sound money management plan. Your edge, can be expressed as follows: Maintain an Adequate Bankroll Dedicated to Horse Race Wagering The size of your bankroll depends largely upon the amount that you are comfortable betting on the races.

Always Insist on Both Value and Price Before Placing a Bet Limiting your wagering to situations where you have both value and price is an important winning factor that many otherwise good handicappers often overlook. Value is a much more complicated subject than price.

Be Selective - Be Willing to Pass Races and Don't Force Bets Even on the slowest of racing days, there are many, many horse races run in North America. Master Your Handicapping Method Here is a winning factor that you don't really see discussed.

Winning at horse racing takes work.

Betting on Horse Racing For Dummies Cheat Sheet - dummies

The work can be very rewarding when you are a winner. Have a Game Plan If you don't have a handicapping plan, you're going to be a loser. Keep Records of All Your Bets Record keeping may very well be the most important aspect of winning at horse racing. Date of race Track SA, Hol Race Distance 6f, etc. Age in years Gender colt, etc. Twitter Feed Tweets by BetOnSportsSBA. Other Horse Racing Resources All Horse Racing Resources.

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