Are you losing money betting on horses and wondering why? When you look back at the races do you think to yourself, “I should have done better than that with my bets?” In spite of the fact that you’re a pretty good handicapper, do you still lose money at the races? If so, you’re not alone. Many people who follow horse racing are pretty good at picking winners but still lose money on the races.
It is very hard to consistently make a profit betting on horse races. You’ve probably already figured that out. One of the reasons is that though it is something that is thought of as a way to relax and unwind, a pleasant past time to enjoy while you forget your cares, horse racing success only comes from discipline and hard work.
You probably have a few bad habits picked up along the way that are costing you a lot more than you realize. Let’s look at a few ways you can improve your chances of winning. First of all, are you keeping track of your wins and losses and where you’re winning or losing? Is three one track that you bet on where you’ve made a profit? If so, why?
If you’re not keeping notes or using a history report of your past bets from one of the ADWs then how do you expect to improve? Feedback is what you need so that you can improve by doing more of what works and less of what doesn’t work. If you make money on exactas but lose it back on trifectas, guess what, you should be playing more exactas and fewer trifectas or no trifectas at all.
Second guessing is another bad habit common to many horse players. You handicap a race and pick your bets. Then, as post time approaches you keep looking at the program, past performances, or odds board and start wondering if you’ve made the right choices. Insecurity starts to gnaw away at you and before you know it, you’re making more bets. Whether you win or lose, those doubts will cost you in the long run.
Once you’ve figured the late changes, like scratches and jockey switches into your handicapping, other than shopping for value in the pools, it’s time to stop handicapping and take your chances with your best bets and best guesses. That’s all handicapping really is, a guessing game. Like they say, your first guess is usually your best guess.
