How Much Do You Really Need to Make on Each Horse Racing Bet to Make a Profit?

Horse racing betting is one of the riskiest ways anyone could possibly try to make money. There are so many variables in each race, there are a lot of things that can go wrong from a gambler's point of view. Therefore, even for the best of handicappers, the possibility of a long losing streak or a bad run of luck is always there. I've known good handicappers who've had a whole season go sour on them.

We often hear that a 10% profit is considered good by professional horse players. In other words, if you make $1,000,000 worth of bets this year, and your profit is $100,000, then many would say you'd done well. Is it therefore reasonable to shoot for a 10% edge on all your bets? Before we answer that, let's talk about a few things that seem to be givens or common knowledge in life.

First and foremost, we all know that life seldom works out exactly the way we have it planned. The old saying is, "Life is what happens while you're making other plans."

There is no other venue on earth where that old saw seems to be truer than in horse racing. You may handicap a program only to have it canceled because of heat or cold or maybe you spend hours handicapping only to have an unexpected shower render the track muddy. Things happen beyond our control, such as a horse coming out of the starting gate and slamming into your horse.

That is just an example of why there is no such thing as a sure bet. In the business world, the profit margin is meant to insure that the investors get their money back along with the profit they have been shooting for. Therefore, the markup above costs is always the profit hoped for plus a little more, because things seldom work out in real life as well as they do on paper.

Therefore, when comparing odds to probability, it is always a good thing to add to the profit percentage. For instance, let's say that you are preparing to wager on a horse that your handicapping and research have shown has a 50% chance of winning. The horse will return $4.40 for the win ticket. You know that since it has a 50% chance of winning, for every $4 you invest, you're going to get your money back plus $.40. That 40 cents profit is 10% of your investment. On paper it sure seems like a good bet.

That will also mean, however, that there is no margin for error or the unknown and unexpected. Those two "uns" can really raise havoc with your plan. Therefore, a more realistic approach would be to only bet on a horse when your expected return is 20%. You may make over 10% profit, and that would be fine, but if anything unforeseen happens, you have a better chance of making that hoped for 10%. Doubling your profit margin expectations to insure that you at least hit your goal is always a good idea in anything as risky as horse racing.

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 "Campaign Theory" of Thoroughbred Handicapping - It Really Works Wonders

Most horse race handicapping takes place at the track - on race day - in a state of confusion and near chaos. That's not to say that you, as a skilled and experienced thoroughbred handicapping fan, do not know how to process the information that leads to your decisions... and wagers. Of course, you know how to engage in horse race handicapping. You've probably been doing it for most of your adult life. But... that doesn't mean that you can't do it even better - you can.

The "Campaign Theory" Shows You How to Review Information and Process it quickly... so that you Can Profit from it when you Need It.

There can be no doubt that you already know how to look at a program and understand much of what you see and read... because you've been doing it since the first time you visited a thoroughbred race track. But, on race days, you probably read the program and, perhaps, The Daily Racing Form in an effort to reach decisions on all the races being run. But, that's a lot of information to pore over in a short time - most tracks run races about every thirty minutes. And then, there is the chance that, while you know how to look at a program, you don't really know how to "cull all of the information" it contains. That's not a criticism... just a probability.

There May Be Lots of Information That Escapes you... Information the "Campaign Theory" Will Help you Find.

Let's face facts. As a fan of thoroughbred racing, you know how to handicap a race. How do I know? You've probably cashed countless tickets over the years. And that's proof enough for me that you know how to find horses that can win. But, believe it or not, you can do better - much, much better. The help you need (even if you don't know it now) is available in the "Campaign Theory." Here's why...

Simply stated, the "Campaign Theory" Helps you to restore Order out of Chaos.

The fact is that the very act of thoroughbred handicapping - on race day - -is chaotic because it requires you to act swiftly, between races. The "Campaign Theory" is a way for you to restore sanity to the process. It will teach you how to read the Race Program more skillfully than you do now... to look at a horse's age... sex... speed rating... layoff information... and connections (owner, trainer and jockey) more adroitly than you ever have in the past. And, when armed with ALL of the information that is necessary for effective thoroughbred handicapping - you will have a better chance to win more frequently. And more wins means greater earnings.

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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