I don't mean to trivialize the difficulty of horse racing handicapping, but even though finding good horse racing bets may be difficult, there are a few angles that will help you to minimize losses and maximize profits, the goal of any good system. Since the business of picking winners can be so hard at times and we try to use every scrap of information to our advantage, we sometimes get overwhelmed in data and lose track of some very basic truths.
1. First of all, when you start to evaluate runners in a race, perhaps you should run through a little checklist the way pilots go through a checklist before they take off. At the top of that list, here is something you might want to check and double check. Is this a playable race? Not every race is worth wagering on and that is truth number one. There are some races, for whatever reason, that you should sit out.
Some handicappers call them chaos races. The problem is usually that there is no horse in the race that has ever accomplished what is being asked of it. Obviously, maiden races are chaos races, but they may still be playable if you can find a runner that has posted a par time equal to the average winning time or speed figure for maidens of that class. You'll want to avoid most chaos races unless you have a very good reason to bet one.
2. The second truth is that good money management will get you through times of bad handicapping but good handicapping won't get you through a run of poor money management. The one skill that every handicapper has to learn in order to make a profit betting on horses is how to manage a bank roll so that when you win you win big and when you lose losses are minimized. This has a lot to do with betting units and streaks. When you're on a losing streak your betting amounts should automatically adjust to minimize losses.
3. The third angle or truth is about those streaks we just mentioned. Don't chase your losses. If you've lost a packet and you're having a bad day, don't try increasing your bets in order to win back what you've lost. I anything reduce your wager amounts or quit and go home. The business of wagering on horse races is usually streaky and if you're on the skids, find another way to amuse yourself until it passes.
While it will take a lot more than three simple truths to beat the races, you will find that if you don't follow the advice above, you won't make a profit betting on horses.
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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