How do you make money betting on horse races? That is a question many people ask me and now that the economy is in the tank, many people are trying to do just that. The short answer is that there is now easy or risk free way to make money handicapping horse races or wagering on them. The long answer is a little more complicated.
It is all about knowledge and how you apply it, obviously. First of all, what do you know about horse races and making money from them? Here is a pop quiz, answer this one question and go to the head of the class, “What is the vig, or takeout, including breakage, at your favorite race track?”
Are you paying 25%, 20%, 19% for the priviledge of making bets? If you can answer that question, go to the head of the class. If not, don’t feel too bad, you’re not alone. But it does indicate just how prepared you are to make money off your investments if you can’t even tell what you are paying to make those investments. If you were using a broker to buy stocks, you would know what the fee was. Buy a house and you will know what the broker’s percentage is, but when it comes to gambling, people often don’t think of it as a financial transaction or investment.
Here is a good way to turn your losing ways around within thirty days. Each time you go to the track, or bet on horse races, answer one simple question and write the answer down in a notebook. That is your homework assignment. After thirty days you will have learned thirty things that may help you to make a profit. At the very least it will make you a sharper horse player. It is real money and you have to treat it like real money.
Before you handicap the races or make a bet today, ask yourself one question. If you don’t know the takeout and breakage, then that could be the first question. If you are playing more than one track, find out the vig on each one. That may help you to start making a profit, or at least losing less. If you learn one new thing each day about handicapping or betting, then you will soon be much better informed that the people you are trying to beat.
Just keep filling that notebook and every once in a while, give yourself a little quiz. Ask yourself some questions. Knowledge and how you apply it is the key to making a profit betting on horses.
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. Bill Peterson is a former horse race owner and professional handicapper. To see all Bill’s horse racing material go to Horse Racing Handicapping, Bill’s handicapping store.
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