Top Three Tips for Horse Racing Betting Success

Do you want to stop losing and start winning at the horse races? Many people have been betting on horses for years but keep losing.  Do you know why?  Believe it or not, the answer is usually a simple one, though the solution is not quite as simple.

Let’s face it, picking enough winners to beat the vig and managing your money is no simple thing.  An easy horse racing system is a wonderful thing but hard to find.  But managing money and a system are one and the same when it comes to consistent profit from your horse racing picks.

Therefore, the first the top horse racing tip is money management.  Here are three ways you can instantly start making more and losing less…

1. Set an amount that you can afford to lose and do not go over it, no matter what.  There’s always tomorrow, as long as you budget your money and don’t blow it all today.

2. Set an amount based on the size of your bankroll and your strike rate.  For instance, if you win one out of three bets, you know that you will need to divide your money into at least three stakes for the day, but also figure in a losing streak.  Perhaps your bets won’t come in the firs cycle so you will hit one in six.  Plan ahead and set aside enough to weather losing streaks.

3.Write down your bets and keep notes that you refer to later to see where your money went and to find your strengths and weaknesses.  This is the one tip that most horse players hate, but it is also the most important one of all if you are ever going to be a successful horse player.

The most important factor in your horse betting success is how you manage your money7, not how you pick winners.  Almost anyone can develop enough skill to see which horses have the best chance to win a race.  If you can’t figure it out, look at the odds board.  The race has been handicapped by thousands of people.  Some of them are professionals.  The odds on the board reflect their opinions and the people who bet the most are the big players.

Therefore, they are the ones who set the odds and they are prepared and know how to handicap.  The only way to bet the horses is to master money management, not handicapping.  If you don’t believe that, just go to the race track and observe the people and how they are handling their money and betting.  Watch them closely for a few minutes and it will make you sick.  hey bet like the money isn’t real, but it is real and they will go home broke.  Unless you want to join them, start keeping good notes and tracking your bets.