SURVIVAL of the fittest applies to horse players just as it does to all species on this planet. Embracing new technology and streams of information is a must if you want to stay ahead of the competition.
Evolution has a funny way of weeding out the weak so you must adapt to the ever changing landscape of betting on horses. The days of betting against long layoff horses or horses with no exposed form are gone. Similarly ignoring the vast amount of information available through various publications and websites will be detrimental to most horse players.
Here are some guidelines to Long Long Term Profits when Betting on Horses:
1. Document and Follow Your Form Study Process
Documenting and following your handicapping process will result in consistent success at the betting windows. Knowing the process that results in selecting winners is required to make money when betting on horses.
2. Record Keeping
Record keeping is vitally important to all successful horse players. Knowing which types of races and which types of bets produce the best results and which produce the worst will provide a framework for successful betting.
Record Keeping will allow you to focus your time and money on the situations that consistently produce profits and avoid the situations that consistently deplete your bankroll.
3. Being Selective
As a result of good Record Keeping you can target those situations that are most likely to produce positive results for you. The race track adage “You can beat a race but you can’t beat the races” is true. Betting every race will deplete your bankroll and sooner rather than later lead to tapping out.
4. Money Management
A weakness of many horse players is knowing how much to bet on a race. It is easy to bet the standard R2 Exacta box or R6 Trifecta box but it takes skill to know when to bet more or less on a particular situation.
It goes without saying that you should bet more on the situations you excel in and when your confidence level is at its highest. This is a skill that takes time to master but is worth the time and effort because in the long run you will be much more successful.
5. Hard work, dedication and extreme patience
There is no easy button or computer program that will spit out the winner of every race.
Betting on horses is challenging, it involves a great deal of thinking and a little bit of luck. If mindless gambling is what you desire stick to slot machines. If on the other hand you enjoy an intellectual challenge then horse racing is for you. Just know that less then 10% of horse players make a profit each year. Yes it is that hard but it is also extremely rewarding.
This game can be beat but there is no easy way of doing it. Hard work, dedication and patience are the trademarks of a winning horse player. If that describes you then welcome to the greatest sport on the planet, if it does not then do not waste your time and more importantly your money.
So the question is are you willing to put in more time then the guy or gal sitting next to you? Are you willing to pass race after race until the perfect situation presents itself? Are you ready for the most difficult intellectual challenge you will likely ever face or are you going to take your ball and go home?
Halfhearted efforts will result in failure so think long and hard before you decide to bet a single rand on a horse race. Sure it can be a couple-a-time-a-year-hobby but if you want to make real money or if you ever dream of doing this full-time then put everything you have into it.
-From equinometry.com, edited to suit.