Horse racing tips
 | Very few people get excited about a tip on a favorite or low odds horse,
but when you say long shot, pulses speed up and people listen. The
reason is that long shots are the bets that make our hearts pound and
pay back a lot compared to the amount of money we risk, or do they?
Looking at just one bet is not the way we measure success or profit when
we're serious about making money betting on horse races.
Horse racing tips In order to know if a wager is truly profitable we have to look at the big picture and the overall investment. In other words, if you make 20 bets on horses at high odds, but only one of them wins, you didn't make as much as it seems like you did because the money for all those losing bets had to come from some source. That source would be your bankroll, right? The only way to chart your progress and therefore know if you're winning or losing at the races is to keep notes and totals. Some like a spreadsheet program while others use the utilities at their ADW site to keep track of bets according to the type of bet as well as the track where the wager was made. No matter how you do it, the important thing is that you do it and know just how many losing bets you made along the way to that long shot winner. I like to work in sets of twenty bets and then work through five of those sets to see how I am doing. Depending upon how frequently you wager and how many different kinds of wagers you make, you may want to adjust the size of your samples. These sets, or samples as I call them, are the total cost of your bets. So if you use a sample of 20 races at a minimum of $2 per wager, you've spent $40. Just deduct that from your winnings and you instantly know how much it cost you and you can also figure your return on investment (ROI). As you make changes and try new angles, always be sure to keep track of which sets were done with the new angle and only make one change at a time to be sure that you know if positive or negative results were produced by the change. If you change two steps in your handicapping, for instance, and then see a negative result in your ROI, you won't know which of the two actually caused the problem. This sounds like a lot of work and effort and you're right, it is, but winning does not come easy when you try to beat the races. Horse racing tips |
