The secret to making a profit betting on horses is to make more good bets than bad bets. While that may seem ridiculously simple, it is also the key to making money, and therefore, very important to fully understand.
Here is what I mean. Let's say you make fifty $20 bets in one week. It doesn't matter if we are talking about exotics or win bets. You win 20% of those bets, but lose $100 over the course of the week. You are left with $900. How can you turn it around and make a profit the next week?
One way is to eliminate bets that you made on races that had too many variables, or unknowns. I am talking about horses that are shipping, horses coming back from a layoff, or other situations where you are scratching your head and trying to figure out how to handle the horse. Here is what I recommend, turn the page.
Just pass on the whole race and move on until you find one that has horses who have races over the track and at the distance and who have raced recently. All those variables are what will get you time after time. The beauty of this method is that as you get used to using it, you can scan races and quickly decide if they are worth a closer look and in depth handicapping.
That means that by eliminating the losers you will be saving yourself time which can be spent at the track enjoying yourself. It also means you can make more money. In the example given above, you lost 10% of your bankroll. Perhaps ten of those fifty races that you played had so many variables and unknowns that they could have been spotted as unplayable races and passed over.
If you could have eliminated just ten races that you wasted $20 per race on, that is $200. So instead of playing fifty races, you would have played forty races and spent $800 instead of $1,000. But you would have still had the same number of winners and collected the same amount so your $100 loss would become a $100 profit. You would have also saved time and suffered much less stress.
There are some races that just can't be figured and those races should be eliminated, passed over. You can scan any racing program and spot a few of these by finding the horses who present too many questions and leave you scratching your head. Just say "no" to bad races and turn your losers into winners.
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About the Author
The most consistent horse racing systems have to have the basics and a handicapper must understand the basics. I have been around horse racing for 50 years including as an owner. Without the basics the rest is not going to do any good. If you want to learn how a horse owner and insider handicaps just go to http://williewins.homestead.com/truecb.html and get the truth.
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