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Four betting essentials to stop you from being a loser

Horse with shades

One: Be the right type of horseplayer

You can spot the players who are successful in the betting game. They enjoy the challenge of the game; their minds are set on making a profit, which calls for methodical actions and some planning. They have good habits and have developed a betting plan that works. They set a budget and bring cash equal to that amount. They don’t lose their cool, but remain confident. They don’t make a point of betting on each and every race, which is especially tempting for beginners. Instead, they know tomorrow is another day, so if they have a bad day it does not bother them, as they know the good days outweigh the bad days.

The wrong type of horseplayer has no plan or just a loose guideline to go by. They frequently end up frustrated and just cannot find that “holy grail” they seem to spend their betting life looking for. They often drink alcohol while playing. They make the same mistakes repeatedly, yet expect results. They are sometimes overcome by anxiety just finding the winner of a race. This type of player gets stressed out in the game and usually ends up losing their bankroll.

Two: Start with the right betting category

There are two categories of betting to choose from when you bet on the horses: straight bets and multi-race bets. For a beginner, it’s best to start with straight bets. They’re low risk (cheap) and simple, as you pick one horse to come in first, second, or third place.

With multi-race bets, you make multiple bets on multiple horses in a single bet. Multi-race bets are generally much more difficult to win than straight bets, require an advanced degree of skill and knowledge in horse picking, and are more expensive. However, the payoffs on multi-race bets are much greater than straight ones.

Three: Do some homework

Few undertakings in life bring success without doing some homework. Read and understand the race day program. Look at what class level your favourite horse has been racing at; check up on its past performance on various surface types.  Have a look at the horse in the paddock. Look at the history of the jockey.

Four: Spot the patterns

Every horse, trainer, racetrack and jockey go through a pattern of highs and lows. Each of these aspects has a different pattern. Learn how to spot the trends and incorporate that knowledge with other basic handicapping into your betting plan. Apply the patterns so you know when to act during the favourable times and when not. This is key to making a profit in horseracing.

How can you spot these trends in racing? The patterns will emerge only if you keep a betting log. Keep detailed records of every bet you make and of the results of your bets.

There’s abundant material and complex betting calculations that can further increase your chances of winning, but these are no good if the above four essential tips are not followed. Get the fundamentals right and you’ll be on your way to becoming a successful bettor!

Sources

https://www.thrillist.com/entertainment/new-york/become-a-horse-betting-master http://www.racingpicks.com/

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