Most people who bet on horse racing make a simple mistake, and that’s by thinking that making money is easy. It’s not. Even experts in the field can make mistakes, and in horse racing, mistakes can wipe out your profits in a flash. It’s how you deal with these mistakes that will determine how much fun you have betting on horse races.
Making simple mistakes is quite easy, and with the right education and some sensible guidance, even novices can boost their profits. The most basic of mistakes to avoid is to not fully trust the racing tipsters or systems that you read online. Many of these sites are very good at what they do, but the same can be said for horse racing tipsters and even the betting exchanges themselves.
So, how can you avoid these mistakes made by the experts? The answer is to take the time to develop a strategy that is bespoke to your betting needs. This means that you only back selections that have proven to bepriced at an amount that you can afford. This is the long Estimations method. You wait for the required positive growth to occur with the selection before you place your bet. If you were to back in chart, you would need to see positive growth for several months running to be able to bet sensibly, so it’s not unusual to have a losing month, a few really good months, and a few… Well, you get the picture.
Estimations tray run with a thud, but they don’t make mistakes. It’s all about developing a long term system that is tailored to your own betting habits and the results of whatever you are betting on. Having the discipline to stick to this kind of long term approach, is the key to success in betting, so make sure that you get the best of it, and always reinforce it with your betting profits. (18.104.22.168)
However, I must also say that if you do bet on horseracing, you should bet sensibly and be un-interested in what races you back. Every bookmakers offers odds on horseracing, and some on individual horses, and if you have the patience, and therefore the stake, to wait for Sr statistics to come in, you can play the long term game. Ultimately, if you want to be successful at betting, you will need to understand long term profitability, so don’t be in a hurry to jump from one horse racing tipster to another, you must develop a strategy that suits you, and one that you are comfortable with.
There is a golden rule in betting; don’t bet when you are under pressure. If you are a newbie, you will probably make many of the same mistakes as the seasoned punters, and worse, you will end up believing most of what they tell you! Newbies are encouraged to place bets with only a few of the selections that are considered to be the highlights of the season; but as they begin to build up their experience, and confidence, they will then be allowed to window shop for more selections.
Your approach to any form of betting should be based on your own situation. Depending on your level of understanding, you may bet heavily on a few contenders, or small bets on a handful. In any event, you should not bet with too much risk if you do not feel confident about it. If you are not comfortable with the current size of your bankroll, then you should not bet on the series.
New betting opportunities present themselves constantly as bookmakers take the money that you chipped in with your last bet. Let is say you lost that bet, but you pushed on the next race, and you win, you now have a nice sized bankroll, which should enable you to weather even the most damaging of losing streaks.
Race selections are the hardest to predict. Unlike football or baseball, where the teams are well known, horses are too often quoted out of context. The majority of quotes in the press are correct, but not for the majority of the series. It is not unusual for an individual to repeat the same quote over and over, and this gives the impression that the horse is not very good.
Sometimes it is possible to do horse racing betting correctly and also end up making a profit. Unfortunately, the person doing the handicapping will have his/her favourites and may even bias towards certain horses. When newspapers take the colour of an operator’s favourite, then that might be a profitable horse to bet on.