Horse Race Wagering

Anyone can bet on horses, and so it follows that anyone can make bad bets on horses. Horse race wagering is not all glitz and glamor, and it is certainly possible to lose large amounts of money and experience painful personal failure. That said, there are many people out there who consistently make good money betting on horse races. So how do they do it? The key is in managing your horse race wagering.

Don’t assume for one minute that some bettors make money consistently because they have some sort of magical key that lets them pick winners 90 per cent of the time. What successful bettors have is discipline, nerves, and the ability to treat each race independently of the last. Pride and impulsiveness are the enemies of all bettors.

How does pride enter the picture? Many bettors feel a need to “make up for” a tough loss. They figure that since they have lost on the last couple of races, that they are due for a win, and oftentimes increase their bets accordingly. This is a recipe for disaster in the long run, because the horses and their jockeys are affected not at all by what you have or haven’t bet on previously.

The cousin to pride is impulsiveness, a major cause of problems with horse race wagering. Some people think that because they have a gut feeling, or because they’ve had a couple of mint juleps, that they should just go on a run and double up. Such an approach to horse race wagering is more likely to leave you holding your hat than jumping for joy. Formulate your strategy before the race, using all the tools at your disposal (including software), and stick to that strategy.

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