If you are trying to make a profit by betting on horse races you have probably already discovered how difficult it really is. Very few people who try to make money wagering on horses ever make a consistent profit. By consistent, I don't mean a daily profit, I don't think anyone has ever done that, but I do mean that over the course of a year, some people do manage to eke out a profit.
Of course, there are people who hit giant mutuels by cashing in on pick sixes and mega superfectas, but those strikes are rare and usually involve a fair amount of luck. Many successful horse players, if they are honest, will admit that their profit for the year came from just one or two big scores. The rest of the time they have just been trading money back and forth with the track waiting for that one big hit.
Making money betting on horse racing isn't the cut and dried affair that some people who sell horse racing systems would have you believe. They make it sound like it is as simple as adding columns of numbers that any bean counting accountant could handle. Real success in this game usually comes from hard work and a storehouse of knowledge that is earned over thousands of hours of study and experience.
Also very important is money management and that is where we finally come to the subject at hand, the best way to bet. Before you place another bet, however, you should make sure that you have a long range plan for your bankroll that will allow you a certain number of losses at whatever you determine as a safe amount to wager on each bet.
While some people think that grinding out a profit on winners and just making straight win bets is the best way to do it, that usually doesn't work as well in practice as in theory. The problem is that as you grind it out, the track is grinding down your bankroll with the vig. Every time you wager, even if you win, you pay the track for the privilege. That adds up over time so finding a bet that costs the least and offers the greatest opportunity for a big hit, should be every handicapper's quest.
Wagers with multiple legs, in other words that cover more than one race, usually have about the same vig, but it is only taken out once, not for each of the legs. That is why many handicappers who used to only bet straight to win now use the pick threes and pick fours and sometimes even the pick six to beat the vig. You not only have to beat the crowd, but more importantly the track.
The best way to land the big "pick," bets is to find a few races with horses that will go off at decent odds and yet still show great promise. If you can narrow your choice down to one or two runners in a race then you can key on that race and wheel more horses in other races. The other races should include some longshots that have at least one factor going for them. These are the kinds of horses that only win once in a while but pay boxcars to win. While betting the longshots to win is financial suicide without a good system, using them in exotics can result in a big score that will make your year.
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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