The secret to making a profit betting on horses is to make more good bets than bad. While that may seem ridiculously simple, it is also the key to making money and therefore very important to fully understand.
This is what I mean. Let’s say you place fifty $20 bets in a week. It does not matter if we are talking about exotics or winning bets. You win 20% of those bets, but lose $100 over the course of the week. You have $900 left. How can you turn it around and make a profit next week?
One way is to remove bets you made on races that had too many variables or unknowns. I’m talking about horses being shipped out, horses coming back from a layoff, or other situations where you’re scratching your head and trying to figure out how to handle the horse. This is what I recommend, turn the page.
Just go through the entire race and keep going until you find one that has horses that have both track and distance breeds and have raced recently. All those variables are what will catch you time and time again. The beauty of this method is that as you get used to using it, you can scan the races and quickly decide if they are worth taking a closer look at and delving into the downsides.
That means that by eliminating losers you will be saving time that you can spend on the court having fun. It also means that you can earn more money. In the example above, you lost 10% of your funds. Maybe ten of those fifty races you played had so many variables and unknowns that they could have been flagged as unplayable races and missed.
If you could have knocked out just ten races where you wasted $20 per race, that’s $200. So instead of playing fifty races, you would have played forty races and spent $800 instead of $1,000. But you would still have had the same number of winners and raised the same amount, so your $100 loss would turn into a $100 win. You would also have saved time and suffered much less stress.
There are some races that just can’t be figured out and those races should be eliminated, overlooked. You can scan any race show and spot some of these by finding the horses that present too many questions and leave you scratching your head. Just say “no” to bad racing and turn your losers into winners.