If you want to improve your success at picking winners at the horse races you might want to consider a few time tested tips that have helped many people improve their ROI (return on investment). There is no golden key to success at horse racing handicapping, so this article will not insult your intelligence by suggesting that just by knowing one key bit of information you are guaranteed horse racing betting success.
However, one of the best ways to win more is simply to lose less. In other words, what habits do the winners have that makes them more successful? They may not pick any more winners than you do, but they may pick fewer losers and that is the idea we will look at here.
The first tip or rule for greater success is to develop an iron or lead butt. In other words, learn to sit in your chair and not run to the betting window just to have a bet down in a race. Real winners and successful horse players do not bet every race. They wait and pick their spots based on the odds offered on certain horses that they have identified as contenders. Even if they think a horse will win, or has a good chance of winning, they will not bet it unless the odds justify the bet, which leads us to tip number 2.
Tip number 2 is, insist on profitable odds or do not bet. Some pros will not bet a horse at less than 2-1. Others have developed the ability to make a morning line and then to look for value bets based on the line. While a professional handicapper may think that the 1 has a 33% chance of winning and the 2 has a 20% chance of winning, he or she may still bet on the 2. The determining factor is the odds offered on each horse. If the 1 is going off at even money, it is a bet that you cannot make a profit on.
On the other hand, if the 2 is going off at 6-1, there is some profit there. Though these types of horses may only win one out of five times, if they pay $14 or more, they will be profitable over the long run. The pros see the big picture and think in series of bets, rather than just one bet at a time. That leads us to the third tip.
Tip number 3 is not to base your decision making on one bet or to put too much importance of emphasis on one bet. Too many amateur bettors get emotionally attached to bets and go on “tilt,” easily. Betting on horses is streaky, even if you are very good at it and use a great horse racing system. That is why you have to make your bankroll last and respect every bet and every dollar, which leads us to our final tip.
Tip number 4 is money management. You should not place a single bet until you have a good money management plan in place and understand it completely. There is never a time when money management is not important, but believe me, it is extremely important for the beginner or novice. Here is one of the things I have learned after years of playing the horses…
“Good money management will get you through times of poor handicapping (or luck) better than luck or good handicapping will get you through times of poor money management.”
That’s it, a few good tips that will help you to stay in the horse racing game longer and make more profit from your bets.
Enjoy your days at the races.