If you are serious about making a profit from your horse racing betting you are probably using a horse racing system. No doubt you have decided upon important factors that you think you need to understand and use to pick winners. You probably also believe that those horse racing handicapping factors will make you money if you can just learn how to use them properly.
I’ve got news for you. While it is important to be able to handicap a race, that isn’t enough to make money betting on horses. I just gave you part of the answer to the question, “How can I make money betting on horse races?”
The secret to making money on your bets is finding the right bet. Like handicapping, it isn’t rocket science, but it does require knowledge, discipline, and practice. If you become an expert at nothing else, you must become an expert at finding value bets. A value bet is one that pays enough so that if you play it ten times, one hundred times, or a thousand times, you will recoup your entire investment as well as a profit.
The way to start finding those bets is to assign odds to each horse in a race based on your opinion of how often that horse would win if the same race was run 100 times. If you think that the runner would win half the time, then the break even bet amount would be 1-1. Anything over even money odds on the horse is a profit according to your estimation of his or her chances of winning.
So if you have a horse like that and have noted that you think its odds should be at least even to break even, but the horse is going off at 2-1, that means you would double your money if you bet the horse in 100 such races. That is an amazing profit for a professional handicapper.
If you think a horse would win one race out of four and get 6-1 odds, then you would make a profit of 50%, also a large profit for a professional handicapper.
The point is that you must learn how to bet to make money and it is a process of practicing setting odds on horses until you get good enough to accurately predict fair odds on a horse. It isn’t easy, but it is do-able. You must also be disciplined so that if you can’t get the odds you desire to make a profit, you pass the race by, even a great horse that has a good chance of winning the race.
Author: Bill Peterson
Article Source: EzineArticles.com
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