Whether you're a recreational horse player or a serious handicapper, you may have wondered how much you can make on the races. You've seen the astronomical payoffs and have also seen ridiculously small payoffs on favorites that go off at low odds and pay only pennies for each dollar risked.
Maybe your bets are usually small and it seems like when you win it isn't enough to make it all worthwhile. Here are a few thoughts for horse players that may help you to decide how to solve the problem of how much to bet and where to put it.
First of all, risking more than you can afford to lose is never a good idea. Yes, you could possibly win, but winning is not guaranteed and the costs if you lose far outweigh the possible gain. Therefore never gamble with money you can't afford to lose. If you have a $20 bill to play with, so be it.
No matter what you have to play the races with, it will have to do and you'll have to make intelligent decisions. You're not alone, you know? Many people go to the horse races with limited funds. The smart ones, the ones who have a chance to succeed, are the ones who make adult decisions and handle their money wisely. There's no shame in being of humble means, but it is a shame to hurt yourself more by carelessly losing what little you have.
There are two ways to approach horse racing wagering. You can try to grind out a profit or you can take bigger risks and swing for the fences, in other words, try to hit a longshot with a big payoff or perhaps a big exotic payoff. Nailing a pick three or big trifecta will certainly be nice, but realistically, they are tough to hit.
On the other hand, going to the races with $20 and coming home with $25 doesn't sound like a great victory. What makes the difference is how you feel about it, because you're the one who has to live with your decisions. I've found in my own case that grinding it out just doesn't work for me. For one thing, the ups and downs of handicapping and betting on horse races will usually mean at least one long losing streak.
Losing streaks are the bane of the small time horse player. Limited bankrolls just can't withstand them and the small timer will usually tap out while the well funded handicapper will last and wind up with the little guy's money.
Therefore I'd like to make these two suggestions, First of all, determine how much money you can afford to lose and still pay your bills and meet all your obligations. That is your discretionary capital, in other words, what you have to work with.
Take a portion of that discretionary capital and use that to play some exotics such as dime supers, which offer an excellent opportunity to hit a big payoff for a small investment, or play a fifty cent trifecta of pick four. All these bets are not easy to hit but when you do win, if you do, you will at least have enough money to make it worthwhile.
If you want to learn how a horse owner and insider handicaps just go to http://horse-racing-handicapping.co/ and get the truth about betting on horses and winning. Bill Peterson is a former race horse 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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