How to Make Money Betting on Horses on Your Next Visit to the Track
Would you like to go to the race track and leave with more money than you brought with you
? Of course you would like that, who wouldn't? It is possible, but there are no guarantees. The best way to make it happen, however, is to plan ahead and stick with your plan. The number one reason people fail to make money betting on horse races is that they fail to plan or don't stick to their plan.
The problem isn't that bettors don't have the best of intentions, because many of them do. The problem is that betting, gambling, and money management are emotionally charged and that is where the problem lies. How many times have you gotten frustrated, excited, over confident, unsure, etc.? Each one of those emotions affects your betting and your chances of winning.
Think back to your last few trips to the races and you'll see what I mean. It is almost impossible not to get excited at the races, isn't it? For many people, the thrill is what keeps them coming back. There is nothing wrong with enjoying the thrill of betting and winning, but if you combine them, in other words, do then at the same time, then you will rarely stay ahead of the game. You may have a good day now and then, but more and more, you will find yourself leaving the race track with less than you started with and becoming more frustrated, which leads to more bad bets.
The way to turn this around is to separate handicapping and betting from watching races and enjoying the race track experience. Over the years I've made a study of people who win more often at the races and one thing I have found is that one group has much more success and enjoys the races more, too.
They are the people who handicap the races at home where it is quiet and they can think. In other words, they are planning ahead. The next step is that they make their picks at home and when they get to the track, they take a specific amount of money in with them and stick to a budget. The third and most important step is that they make their bets before the races begin and put the tickets into their purse or wallet.
With all their bets down, they then watch the races and enjoy the experience, but they do not let their emotions prompt them to make more bets. When you are caught up in the excitement of watching the races, unless you are a pro, you will almost always let your emotions do some of the thinking for you and when it comes to handicapping horse races, that is a financial disaster in the making. So plan ahead, make your bets, then have a drink and watch the races and enjoy the experience. Cash your winning tickets and go home. You won't win every time, no one does, but you will win more often.
How to Make Money Betting on Horses on Your Next Visit to the Track
By: Bill Peterson
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