5 Things You HAVE To Know To Be A Winner When Betting On Horses And Sports!

Maybe you're like me. Maybe you've always enjoyed the thrill of a gamble and the great feeling you get from backing a winner. But maybe, just like me, you haven't experienced that feeling often enough because, for the most part, losing wagers and the empty pockets that go with them have been the norm, hugely out-weighing those winning moments.

If that's the case, you need to take stock of the situation and wise up. That's what I've finally managed to do, and if I can turn things around so can any other struggling punter. But I have to admit I didn't turn things around all by myself.

Fact is, I don't believe I could have changed the way I bet without the benefit of outside guidance because I was probably too pigheaded and too much of a know-all to have ever considered, let alone accepted, that my failings as a horse and sports bettor had been entirely down to me all along.

That was the reality I had to come to terms with, and it wasn't nice. We're talking a big jolt to the ego. But despite bruised pride - and plenty of it - I'm now pleased and grateful that any trace of smug attitude has been well and truly knocked out of me.

One thing's for sure. I'd still be on the same aimless path as before but for setting eyes on a FREE revelation - "Home Truths of Sports Betting" - that doesn't pull any punches in getting its points across.

Amongst the stuff explained are these 5 essentials...

• Why so many people lose money betting
• How they fall into that losing trap
• Common habits that MUST be discarded
• Practical measures you HAVE to take to be a winner
• How to acquire the all-important "winner's mindset"

Okay, if you're not a millionaire already, "Home Truths of Sports Betting" won't turn you into one. But if you're not already a successful punter, reading Home Truths WILL help turn you into a winner by giving you the know-how to realise you CAN confront the bookie on better than even terms and come out on top.

Ever since having my first bet as a juvenile I was always a cocksure gambler but, looking back, there were rarely proper grounds for such confidence. Basically I was just an idiot and, if that weren't bad enough in itself, I was also in denial.

Funny how you can bet and mostly lose - day in, day out - for weeks and months, even years, yet still somehow convince yourself you're doing okay. I've had many a chat with like minded losers where we each claimed to be ahead of the book, overall - or at least breaking even with the enemy - despite the truth being very different. It's so easy to get into that kind of losing rut and find the only escape is to pretend it isn't happening.

Well, not any more. Not for me. I've escaped for real from all that self delusional stuff and changed my whole approach to betting. I now take on the bookie with genuine confidence because, for the first time in my betting life, I actually know what I'm doing. It's a big transformation for me, and a satisfying one, and perhaps the best part of it is that I've made the necessary changes by tuning into a dose of no-holds-barred wisdom that didn't cost me a single penny. Won't cost you anything either.

Change for good and for FREE the way you think, and act, as a horse racing or sports bettor. Visit http://www.freebettinginfo4u.com/ right now.

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Betting the Breeders' Cup

The Breeders' Cup is the biggest horse race that takes place each year which started back in 1984. It changed the game and provided an incentive for the best horses to stay in training longer.

Currently the Cup rivals the famous Kentucky Derby as the most exciting race of the year but there are some differences. The Breeders' Cup is months leading up to it and the Derby is over a much shorter time. In the Derby it's all about the 3-year-olds but in the Cup the 3-year-olds can tackle older horses in six races. The Kentucky Derby is the only race that has as many as 20 starters but the Breeders' Cup is limited to 14. The Breeders' Cup is spread over eight races.

Preparing for the Cup is very important if you want to win money. Knowing what type of horse usually wins the Breeders' Cup race can help you tremendously. The winners of Breeders' Cup come from the same place over and over again. For examples 79 of the horses who received the Eclipse Awards in the 1990's 45 of them started their careers at one of the three major tracks New York (Belmont, Saratoga, and Aqueduct), the three major tracks in Southern California (Santa Anita, Hollywood, and Del Mar), the two major tracks in Kentucky (Keeneland and Churchill Downs) or at Gulfstream Park. Very true that a star can come from anywhere but the facts just do not back this up.

Distaff (Ladies Breeders' Cup)

At the first two Cup races at Gulfstream in 1989 and 1992 horses that made their last starts in Europe were 0 for 28. So take note of the horses that are coming from Europe in the last start to the US. The statistics may not be this resounding but they definitely are not favorable when coming from Europe to the states for the cup.

Another good statistic is with many of the Breeders form plays a bigger factor than others. In the 17 cup through the 2000, the favorites won the Distaff 47 percent of the time. This is well above the usual 33% favorites winning average. The distaff is the Ladies Classic that is for fillies and mares three and up with some of the best horses in the country. One thing to also pay attention to in the Distaff is speed. Which is the horse that will be running first or second or close within two lengths of the lead at first call. The speed horses were 11 out of 17 in the Distaffs through 2000 which is a 65% strike ratio. Focus on Kentucky which all but one Distaff winner through 200 came from.

Breeders' Cup Classic

This is where the best horses in the world compete in one single race. These horses have raced in different tracks and different countries putting together a record that would get them a single entry into the most expensive horse race in the country. The average speed rating for the classic is 116.

With this in mind its surprising more favorites do not win the race but currently only 29% of the Classics winners are favorites. Speed does pretty well in the Classic winning 41% of the runnings through 2000. Keep in mind though that the only frontrunner was in 1991 so speed is good in the Breeders' Cup but tactical speed is key.

One final key to keep in mind and an important one is home court advantage. When the horse is running the Breeders' Cup especially in the US and you can see it has had prep races before at the same track, Take note! These horses have a high win percentage especially if they were competitive and have won at the track before.

Hope these tips help you dominate the Breeders' Cup this year. Take them to heart and do your own handicapping blending what you have learned here.

Happy Handicapping,

~For Horse Racing Enthusiast throughout the world. Find exciting horseracing tips and the best horseracing handicapping system on the planet at http://www.horse-racingtips.com/

Handicapper Joe

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Melbourne Cup Betting Gains Momentum As More Information Comes The Punters Way

Melbourne Cup betting odds are already being offered even though the race that stops a nation is still a few months away.

The Melbourne Cup is a 3200 meter open handicap race of horses that must be at least three years old. Held at the Flemington racecourse on the first Tuesday of November every year, the race pulls in a crowd of more than 100,000 to see their favorite stallion pull away ahead of the others to pocket the $3.3 million first prize. Others will not be going empty-handed either with even the tenth place finisher grabbing a handsome $115,000 of the prize money pool of $6,175,000.

Horse racing fanatics plan their Melbourne Cup betting days in advance.

They peer closely over the statistics of the participating horses and the jockeys. There are special race books published on the occasion that presents a careful analysis of the horses involved and other factors that can influence the outcome of the race.

Punters eagerly lap up Melbourne Cup tips and are always on the lookout for information that can help them improve the chances of backing the winning horses. Most of them bet heavily and therefore would like to be doubly sure that they have considered all the factors properly.

The Melbourne Cup 2011 nominations closes on 2nd August and the handicaps will be out by 31 August 2011. The barrier draw will be announced on 29th October. The D-day is on 1st November, 2011.

The All in Betting is one of the most popular forms of Melbourne Cup betting among the punters. It allows you to bet on a runner at inflated odds and is generally associated with early betting, much before the actual event. The betting is a high-risk but extremely exciting way to wager on the horses because you are not even sure that the colts you are backing will even be seen in the line-up. Quite naturally, you lose everything if your horse does not feature on the field on the big day.

Australians all over the world drop everything that they are doing on the race day to catch with this historic event. Life comes to a standstill and the only thing discussed is the race. Such is the popularity of the race that a public holiday is declared in Melbourne and in most other parts of Australia.

Websites such as Horse Racing Offers gives comprehensive information about the most prestigious and popular horse racing event in Australia including information about important events being held in this year Melbourne Cup betting. You can also watch videos from earlier races on the site and access information about the situation in the betting markets.

Horse race betting is a favorite pastime among Australians. Online horse betting portals make it easy for the enthusiasts to bet anywhere, anytime.

Melbourne Cup betting websites provide you all the information you need to cover your stakes. The Melbourne Cup is Australia's biggest horse racing event with Aussies all over the world following the race with a fanatic fervor.

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Betting on Dead Horses, A Look at Instant Racing and the Future of Real Horse Racing

Did you ever bet on dead horse? I don't mean a runner that was so slow he or she was referred to as dead by the betting public, I mean really dead, as in no heart beat, history, a horse that is long gone. Well now you can and you can even win, providing the horses your dead horse beats are also dead.

This is no joke, it's called instant racing and it is done from a betting terminal. Many states have racinos where slot machines are available at the race tracks. Revenue from the slots is used to give sagging pari-mutuel revenue a boost and to hopefully keep horse racing alive. States like Kentucky, where slot machines are illegal and therefore cannot be used to help horse racing, have the alternative of offering a horse racing game, which is what is offered on the instant racing terminal.

Players are given racing forms and graphs to use to handicap races between great horses from the past. Virtual races are then run and the player's bets, based on the top three finishers of the race, are paid out. Revenue from the instant racing games is divided between horsemen, the state, and the race track. Does this sound like a good thing?

At Oaklawn Park in Arkansas, where instant racing was debuted in 2000 to overcome a sharp decline of 40% in racing revenue, it has helped to bring in much needed money to keep live racing alive. The problem is how many real racing fans are being added to the sports followers and how many of those potential fans are becoming video racing fans? Is this actually good for racing in the long run?

Will someone who plays the races on a machine want to walk outside the grandstand to watch a live race? When simulcasting was introduced it was going to be the salvation of racing and since it could offer the ability of patrons to watch racing just about anywhere, it was thought that many more people would become racing fans and bettors. It didn't happen.

How long will it be before casinos and instant racing become so popular that there will be a good enough argument to close the actual live racing down and to use the revenue from these other gambling venues to feed the budget needs of hungry states? This is one of the questions that is being asked while other groups, such as The Family Foundation in Kentucky who opposed the legalization of the instant racing games.

The legal argument seems to hinge on whether or not the instant racing game is a game of skill or chance. Games of chance are considered gambling while games of skill are considered sport since the player does have the ability to increase his or her odds of winning.

Since handicapping skill is required to win instant games, or at least that is the premise, it may in the end create a whole new crop of handicappers who honed their skills on virtual terminals and races featuring some of the greatest thoroughbreds of all times, even if they were dead when the virtual races were run.

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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How to Distinguish Between a Good Betting Race and a Bad Betting Race

I am a fan of thoroughbred horse racing - like you - and for years (actually lots and lots of years) I believed that every race was worth a wager. That "thinking" often had me going home with my pockets empty or, at least, nearly empty. It never occurred to me that I had losing days because I was wagering on "bad races." But, in time, I figured it out. There are races in which every horse figures to lose.

Good Races Feature Horses that are True Favorites and other Horses that also have a Very Strong Chance to Win.

If you are a knowledgeable handicapper, you know how to look at a Racing Program, digest, and process the information it contains. And, if you can do that, you should be able to determine if any of the horses entered in the race actually are strong contenders with a legitimate chance to win. If you can answer "yes," you can invest money in that race. You need to find from one to four strong contenders to make a race viable... and worthy of a wager.

Bad Races Feature Horses that for a Variety of Reasons, including Time Off and Lack of Fitness are Unlikely to Win.

Naturally, even in a bad race, one of the entered horses will cross the finish line first because someone has to win. But, because it is a "bad race" with poorly conditioned horses or horses that are past their prime or horses that are simply averse to winning (Yes, many horses prefer to follow instead of lead), you are likely to have a difficult time finding the best horse. And if that is true, you are more likely to lose than win. So... why bet?

Handicap Races Thoroughly... Wager Wisely... and Increase your Chances of Winning.

If you stick to the good races and eliminate the bad races, you have a very good chance of winning with regularity. The truth is that if you "throw out" the bad races, you will be able to uncover the "real" leading candidates in the good races... and you will find yourself cashing winning tickets. Remember, betting on a bad race is betting to loose. If you want to win consistently you need to be smart about your bets. Make sure you take the time needed to find the races and horses that you have belief in. Furthermore, make sure you are performing the proper calculations and enjoy the race!

Are you a horse handicapping enthusiast or just a lover of the sport? Either way, you should definitely make a visit to HorseHandicappingEnthusiast.com. It is nothing fancy, but is place where all things horse racing related are talked about!

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How Much Can You Win Betting On Horse Races?

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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The Golden Rule of Horse Racing Handicapping and Betting

What is the golden rule of handicapping? What one thing should every person who has ever placed a bet on a race know? That is a tough question and before I answer it, do yourself a favor and ask yourself, "If a friend asked me for just one piece of information, just one golden rule of horse racing, what would it be?"

Your answer will probably be based on one bad bet or bad beat that you received. Perhaps you bet an exacta straight with a longshot in it and had the exacta come in backwards. The lesson you learned was that you should always box or back up your bet. If a long shot is good enough to come in second at long odds, then it is good enough to win, sometimes. It's those sometimes that get us and make us wonder why we play the races.

Another candidate for GR status is based on a bad move that we have all probably been guilty of at one time or another. It's the old, "Don't try to make up your losses on one big bet at the end of the day." To compound the infraction we also often will bet the favorite figuring it has a better chance to win, right? There is so much money on it, it must be a good horse. That is the worse logic going. The reason it is being pounded by the bettors is because a lot of other players are trying to recoup their losses as well.

The truth of the matter is, some days you are going to lose. Chasing losses with bad bets and lousy decision making only compounds the problem. Unless you have a good bet in the last race and you can get the odds you need, pass the race. There's always fresh (tomorrow).

Yes, "Don't' try to make up your losses with bad bets made out of desperation," is another good candidate for the golden rule.

No article on horse racing's golden rule would be complete without a mention of money management. Money management is the single most important factor in gambling and horse playing success. Now I'm not saying you have to be a cpa or bean counter to survive in this tough game, but you do need a plan and you have to stick to it pretty well or you'll blow any chance of making a profit.

Therefore, perhaps another good one is, "Plan ahead and set limits, and use good money management."

While any one of these suggestions would be good advice for your friend, how about this, there is no absolute golden rule, but you should be aware that it is the situation and race that demands you to use good judgment based on the conditions of the day?

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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Betting Essentials for Horse Racing

For those who follow horse racing, it is often thought of in terms of betting. Many factors determine who will win each and there is never a "sure thing" when betting on horses. But you do not need to be an expert in horse racing to make good bets. Just look at some of the basic factors in creating a betting system.

Distance of the Race

Quarter horses typically race over a distance of 1/4 mile, while thoroughbred races may be a mile or more. When considering placing a bet on a horse, consider whether the horse demonstrates speed or endurance and compare its preferences and history to the length of the race you are betting on.

Number of Horses in the Race

It is important to consider the number of horses entered in the race. It is more difficult to pick a winner out of a large field because the horses often have similar strengths. In addition, a horse you like may be at a disadvantage and draw a post position far from the rail.

Track Surface

The track surface also plays a large role when considering which horse to bet on. Most tracks are either dirt or turf, but some are made of synthetic material. Horses have a preference about what type of surface they run best on. Also consider wet or slippery conditions that may present challenges for the horses.

Racing History

Consider the horses running history. Recent history can be found in the Daily Racing Form or racing program at your local track. Look for horses who have raced and done well during the current year. If the horse has not raced recently, find out why. The horse may have suffered an injury that may affect his ability to come back and race well. Also, look out for horses who run frequently or who have run another race less than two weeks ago. Like all athletes, horses need time to recover and running races too close together increases risk of injury and likelihood that the horse will fatigue during the race.

Race Favorites

Prior to placing your bet, find out who the favorites are to win the race. Favorites have the lowest odds, such as 2-1, while long-shots have longer odds, such as 35-1. The longer the odds, the more money you have the chance to win, but the less likely it is that the horse will run well.

World Horse Racing Betting offers resources for horse racing enthusiasts including horse racing information, a directory of race tracks world-wide and reviews of betting software. Visit http://worldhorseracingbetting.com/ for more information.

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For Success Betting on Horse Races, Impose Your Own Debt Ceiling

If you look at wagers as debts, then you realize that raising or lowering that limit or ceiling has a direct impact on your income and risk. If you want to avoid your own financial crisis and going broke, then you have to practice good money management. Many people say that, but few actually explain what they mean. Let's start with the goal of money management. The first rule of being in business or of being a gambler, which have similarities, is to protect your bankroll, assets.

Therefore, every decision or bet should be made with this one thought in mind, How will this bet affect my bankroll?

I know that sounds a bit odd, maybe even funny, but as simple and as obvious as it may appear, that must be somewhere in your logic stream. Financial success hinges on being able to keep making purchases until the market is in your favor. For many who buy and sell on the stock market, the old phrase, Buy low and sell high, comes to mind.

In terms of wagering what we mean is that when you wager, your wager should return a profit that will cover all wagers and return a profit on top of that. So betting in the same situation ten times and cashing three times should return the ten units that you invested plus a profit. Ten $100 win bets would equal $1,000. If you won on three of them and each one paid an average of $350 then you would collect $1,050 for your investment.

The $50 would be your profit. You would have a positive ROI (return on investment) of +.05%, in other words you would make five cents for every dollar wagered. That may not sound like much money, but in a high risk venture like horse racing betting, if you can actually get out with 5% profit after paying the high vig, or takeout, you're not doing too badly.

Keeping in mind our original problem of protecting our bankroll, when you made those wagers you would have a plan or system of wagering as well as handicapping. Your handicapping system would evaluate the runners so you could estimate the probability of each one winning. Your investment system, also know as your money management plan, would divide your bankroll into increments that were small enough so you could last through any losing streak, or downturn, and still be making wagers when your horses won.

Your debt ceiling then becomes the most money you can wager on a single race and also in a single day, keeping in mind the downturns or losing streaks

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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Horse Racing Betting Strategy Based on Probability and Bankroll

Every horse player should use a system for evaluating the runners and also for evaluating the bets, or odds. One is based on the other and they work together to form the basis of a betting strategy with two goals.

1. Preserve your bankroll

2. Make a profit

While it may appear simple on the surface or at first glance, it is devilishly difficult to reconcile probability with price because the market, as I often refer to the wagering pools is very good at adjusting itself. If there was no takeout, otherwise known as the vig, then breaking even would not be difficult and actually making a profit would be within the reach of more people. Unfortunately for the bettors, however, the piper must be paid and the vig is the bane of a horse player's existence.

The best wagering strategy then should be one that makes wagers in small enough increments, or units to withstand the ravages of a very volatile market as well as returning a profit above and beyond the actual money wagered.

The process of finding the best horse racing bets starts with a handicapping method that uses the major factors of horse racing to determine how likely each runner may be to find the winner's circle. In mathematical terms, the melding of these factors after weighting each one, is known as an algorithm. Your job as an investor is to find the horse racing system with the best algorithm for the particular track and races that you are playing.

Your next step is to assign odds to each horse that will become your value line. If you start with break even odds and then add what you feel is your least amount of profit to the odds, you will arrive at your own limit. For instance, if horse A has a 50% chance of winning the race, then the break even amount to bet on that horse would be even money or 1-1. But if you need to make a profit of 20% in order to make the bet attractive then you must add that to the wagering amount. If you need to wager $2 to make $4 back and must add 20% to that your new wager limit becomes a payoff of $4.80.

For every $4 that you wager you will get a return of $4.80 and that will be a profit of 80 cents on every successful wager. Remember, your winning wagers also include the price of your losing wagers when determining your profit margin and costs.

So a simple way to express this strategy is...

Pr(profit) = W (minimum wager) / P (probability) x PM (profit margin)

.80 = $2/.50 x.20

The critical parts of this strategy are first of all to accurately evaluate and determine each runner's chances of winning and secondly to watch the tote board and find the runner that will return a profit based on the odds and expected probability.

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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The Traditions of Trotting and Betting

In itself, betting on horses is already a tradition and part and parcel of horse racing. However, all sorts of other traditions exist in the different technical and cultural aspects of racing horses. This tradition of betting on trotting horses is perhaps one of the longest standing ones in all of human history as it traces its roots back to the time of ancient Greece and ancient Rome. From this very early start there is no stopping the tradition of placing wagers on trotting horses all the way to what it is now.

The Act of Placing Bets on Horses

First of all, there exists a tradition in the actual act of placing a bet on trotting horses - three in fact. These three traditions on trotting horses include betting to win, betting to place and betting to show. If the horse that you put your money on is leading in at first position, it means you are betting to win. If the trotting horse rallies in the first and second position, then this is betting to place. Finally the last one, betting to show, is when the horse will come in at first, second or the third position. In the last tradition of betting on trotting horses, the payoffs are significantly smaller but at the same time it is not as risky to bet on as the other two.

Changing Traditions

But as much as betting on trotting is a tradition in itself, the mechanics have evolved in a way that is much better for a lot of people. Before the advent of the internet, the tradition associated to betting on trotting horses was that one had to physically be present at the actual race track, line up to place the bet then come back later should the horse yield a winning outcome. This tradition on betting on trotting horses was like this for a long time until creativity took in the reins and transformed this much-played sort into the online platform. Now, the tradition in betting on trotting horses is all about placing bets online and waiting for the stats to show up.

In breeding the horses, new traditions emerged as well. In the past the practice was to raise a horse and take care of it so it will have optimum performance and choose the best possible mate so as to yield a very good offspring with the highest possible chance of becoming as great a horse as its parent. Now, there are more options and the high tech ones - freezing the embryo have made breeding a whole lot easier. However this is only done in some breeds and not allowed by some countries that put a primer on traditions rather than technologies associated with horse racing. In the world of traditions and gambling on horse racing, these little bits of information will serve as great conversation starters and generate a better appreciation for the sport and its long standing (and constantly evolving) traditions.

After reading all this useful information about betting you are ready to try your luck. However, before that I recommend reading some professional tips first.

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Dominant Factor - Horse Racing Handicapping and Betting

If you're betting on horse races trying to make a profit, you probably spend quite a bit of time handicapping the races. That means you're familiar with the major factors in horse racing such as class, speed, connections, form. Each of those and some lesser known factors as well are the backbone of the process of picking winners and making good betting decisions.

As you probably know, each event is unique and requires a fresh approach. Also, there are many types of races and conditions that you will encounter. While some handicappers only bet on maiden races or turf races or stakes races, to name just a few, others look for value in all the races and will handicap every contest on the card.

Whether you are a specialist or a generalist, you should know that the above mentioned factors are not all created equally. There are times when class will be the most important consideration and other times when speed will rule. Knowing which one is the most important is one of the most important pieces of information a handicapper can have at his or her disposal.

There are several ways to go about finding out whether speed, class, or recent form is the most important thing and should be your focus. The method I recommend is to handicap the races and then follow the results. See for yourself which factor comes out on top the most often. For instance, if you look at 100 maiden special weight races (MSW) and see that the horse with the top class, as determined by its pedigree and stud fee of the sire, wins the highest percentage of the races, then you will know that class rules those MSW events.

If, on the other hand, you find that the runner with the highest speed figure in its last race wins most often you will know that is the most likely winner. However, this is only part of the problem because the goal is to make a profit. Therefore, you must also see if they are a profitable bet. If not, even though they win the most, the value may be in using another factor to find a good wager.

This brings us to real world handicapping. In the real world a sophisticated approach is necessary to make money on horse races. Just because you know what the dominant factor is it doesn't mean you should bet on it. You should only use that information to know the winning percentage of the horse that qualifies for that factor so you can then compare the odds to the probability and make a financial decision based on return and profit.

It also means you can use a hierarchical approach and use the second best horse using that factor if the odds are right based on the probability you have established for those runners.

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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Don't Make These Simple Betting Mistakes When Handicapping Horse Races

They say that God is in the details and it's the little things that mean a lot. In that case, perhaps when it comes to betting on horse races, little details can make or break you. In fact, just changing a few simple things may turn your luck around and you'll find a way to finally make money betting on horses.

First of all, however, let's get one thing straight. If you're trying to make a living as a horseplayer you've chosen one of the toughest ways to make money. The simple truth is that there is no easy money to be made playing the ponies. While a lot of pundits and public handicappers will try to tell you that horse racing betting is like finding money in the street, nothing could be farther from the truth.

Money management is the single most important factor in making money at anything you do. I don't care if it's selling fruit, running a restaurant, or playing trifectas and doubles and trying to pick winners. No matter how good you may be at any of those pursuits, if you don't manage your money right, you stand the chance of losing it all.

The first and biggest lesson then is simply this. Have a plan and stick to it. That plan should set betting limits that will keep you in the money through hard times and winning streaks. Bet size should be dictated by the size of your bankroll, not how sure you are of your bet. In plain English, if a wager is worth making then it is worth a full wager unit.

Handling longshots and horses that are favorites or at low odds is one area that a lot of people have trouble with. First of all, do you know which type of runner you make the most profit on? There should be an odds range that you do best at and once you know that, it should be your main betting choice. If you have to see that other people are backing your horse then you are probably insecure and unsure of your choice. If that is the case, then you probably shouldn't buy a ticket on that horse.

While it's true that you shouldn't chase losses, it is very difficult not to place a sizable wager on a favorite late in the day if you've been on a losing streak. Many handicappers get desperate and figure that the favorite is bound to win so they plunge on a big favorite late in the day. Just take a moment and think about that. Why is there so much money bet on that favorite late in the day? The answer is that hundred of other punters are taking the plunge and hoping to recoup their losses.

That means that if that same horse was in an earlier race it might only be a lukewarm favorite. Earlier in the day the favorites get less action compared to their probability of winning because the horse players are still trying to hit something big on a longshot or a horse at a good price. As the day wears on the money goes more and more toward the favorite until it is finally a stampede. Think about that a bit and you'll see that I'm right.

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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Horse Racing Betting Tips for Higher Payoffs and Better Success

There's nothing quite like the thrill of backing a horse to win and seeing it come thundering down the stretch and winning. You not only get the delightful experience of seeing a thrilling sporting event, but you also get money afterward. It's no wonder then that every day, all over the world, millions of people attend horse races and bet on horse races. Of course, not all people who wager on the ponies actually go to a track. Some of them wager online or at an OTB.

While betting on horses is always risky and you should never risk money you can't afford to lose, there are ways to reduce the risk and maximize profit. It doesn't mean that you're guaranteed to make money, but smart money management is a start in the right direction. First of all, here's a very good tip. Even though you're there for fun, it's real money and should be treated like the precious commodity that it is.

Secondly, favorites may win the highest percentage of races of any horse, but they are also a bad bet from a financial point of view. Believe it or not, some people are so foolish that they think they've figured out how to make money betting on races just because they can look at the tote board and see which runner has the most money wagered on it. Their rationale is that since so many people think the horse is good, it must be a good bet.

Actually, just the opposite is true. When you wager at the track you're betting against the rest of the people. All the money is put into one pool and after the race, the winners get to divide that pool, once the track and state get their share. Therefore, the more people who wager on the horse, the smaller the payoff. Statistically speaking, favorites are bad gambles because they never pay enough to show a profit over the long run.

Should you then bet on longshots? Yes and no. You should bet on horses at longer odds than the favorite but statistically speaking, long shots are over bet, too, when you compare their actual chances of winning to the payoffs that the winners get when a long shot actually manages to win.

If you want the best payoff and a chance to actually make profit I advise you to use a simple horse racing system to pick your winners and also that you bet on horses in the mid odds range. I can't guarantee that you'll make a profit, but you'll have the best chance of making more than you wager because horses in the mid odds range are typically overlooked by the masses and therefore, might be an overlay.

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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