‘Tis the season to get jolly and offer a few tips to people who handicap horse races and try to make some money for the holidays.  If you are one of those people trying to make money betting on horses you know just how hard it is.  If you are using a system, and still losing, you’re not alone.  Many people use a system and still lose, but trust me, they lose less than people who use no system at all.

Here are a few horse racing tips that may help you to tighten up that system and start to receive rather than give at the betting windows.

1. First and foremost of all, keep track of your bets, money, and progress at the races.  IF you really are serious about making a profit, then this is a job or business.  Would you run a business without keeping track of the cash?  Of course not, but yet many people who are normally quite responsible turn into giddy sailors on a spending spree when they get to the track.  Why do they do that?  Because some people who are feeling repressed think that the race track is a good place to just let go and have a good time.

If you are at the races strictly for fun and have budgeted some “mad” money to bet with, there is nothing wrong with gambling with that money.  On the other hand, if you are really trying to make money, then the opposite is true.  You should be keeping records so you know what works and where the money goes.

2. KISS – or keep it simple stupid.  Don’t think that the road to riches is exotic bets.  While the payoffs may be very enticing, if you can’t even win with a simple win bet, how will you ever win with an exotic bet with multiple legs or runners?  They are called gimmick bets by people who take the game of horse racing seriously.  Stick with simple bets and master them first.

3. You better shop around.  The difference between success and failure at the races may be as little as a few percentage points one way or the other.  Let’s imagine that two people are standing in front of you and you have to buy your wagering ticket from one or the other.  You have $100 to bet.  Person A tells you that she will charge you $10 for the bet so you will actually only have $90 left to bet with.

Person B tells you that she will charge you $15 to bet so you will only have $85 to bet with.  Which person would you place your bet with?  Obviously, it would be person A.  You will win more money with a $90 bet than with an $85 bet.  You do make that decision every day when you decide which tracks to play.  Some tracks, depending on the state where they are located, charge different percentages.  Shopping around can make a big difference.  Find out what the takeout is at the different tracks and take your business to the best one.

Just following these three simple guidelines will help you to lose less and win more.  If you’re using a good system, but still not quite making it, these tips may put you over the top and you may just realize your dream of making money at the races.

‘Tis the season to get jolly and offer a few tips to people who handicap horse races and try to make some money for the holidays.  If you are one of those people trying to make money betting on horses you know just how hard it is.  If you are using a system, and still losing, you’re not alone.  Many people use a system and still lose, but trust me, they lose less than people who use no system at all.

Here are a few horse racing tips that may help you to tighten up that system and start to receive rather than give at the betting windows.

1. First and foremost of all, keep track of your bets, money, and progress at the races.  IF you really are serious about making a profit, then this is a job or business.  Would you run a business without keeping track of the cash?  Of course not, but yet many people who are normally quite responsible turn into giddy sailors on a spending spree when they get to the track.  Why do they do that?  Because some people who are feeling repressed think that the race track is a good place to just let go and have a good time.

If you are at the races strictly for fun and have budgeted some “mad” money to bet with, there is nothing wrong with gambling with that money.  On the other hand, if you are really trying to make money, then the opposite is true.  You should be keeping records so you know what works and where the money goes.

2. KISS – or keep it simple stupid.  Don’t think that the road to riches is exotic bets.  While the payoffs may be very enticing, if you can’t even win with a simple win bet, how will you ever win with an exotic bet with multiple legs or runners?  They are called gimmick bets by people who take the game of horse racing seriously.  Stick with simple bets and master them first.

3. You better shop around.  The difference between success and failure at the races may be as little as a few percentage points one way or the other.  Let’s imagine that two people are standing in front of you and you have to buy your wagering ticket from one or the other.  You have $100 to bet.  Person A tells you that she will charge you $10 for the bet so you will actually only have $90 left to bet with.

Person B tells you that she will charge you $15 to bet so you will only have $85 to bet with.  Which person would you place your bet with?  Obviously, it would be person A.  You will win more money with a $90 bet than with an $85 bet.  You do make that decision every day when you decide which tracks to play.  Some tracks, depending on the state where they are located, charge different percentages.  Shopping around can make a big difference.  Find out what the takeout is at the different tracks and take your business to the best one.

Just following these three simple guidelines will help you to lose less and win more.  If you’re using a good system, but still not quite making it, these tips may put you over the top and you may just realize your dream of making money at the races.