You've probably heard the common misconception that horse racing handicapping is impossible, or at least a waste of time. Technically, the answer would be yes, however. But if you really want to take your shot at earning money at the horse racing industry, then you need to have a solid betting strategy. While some will still agree that horse racing handicapping is just a myth, this is not true.
If you've done any amount of research into how people earn money at wagering on horse races, you'll find that there are actually several different strategies used. The fact is, every person has his or her own method. You must first decide what type of wagering you plan to do. Do you believe you can make money through payouts from large placements?
Would you prefer to work with one of the many online account providers? Many online account providers have promotions for those who wish to wager on multiple races, and they even have promotions available for free bettors! Or do you believe the only way to profit from horse wagering is by placing larger bets with high odds? This is also true.
Once you've decided on your strategy, it's time to start looking for good bets. This might sound obvious, but how can you tell which bets are going to pay off? For starters, try to determine how often you watch races on your tracks. If you prefer to stick with watching races in your home race track rather than visiting other tracks, then it makes more sense to try and handicap according to past performances. More info itv7
Past performances will give you a better idea of what to expect during a race. If the last 10 races were all won by one horse, that gives you an idea of how often that particular horse is likely to win. If it hasn't won at least once in those 10 races, then that tells you it's very unlikely it will win again. On the other hand, if the last 10 races were all losses, that tells you that the horse has a very high probability of losing in future races. Some horse racing betting tips advise using the combined value of past performances to get a good estimate of how likely a horse is to win. Just keep in mind that the combined value doesn't include any other factors, such as connections to other horses or jockeys.
How many races are held on a regular basis? Some horse racing systems recommend concentrating on one race per year on an annual date. That means putting your bet on that race on the anniversary of your best bet of the year. If you use a system that uses an annual date, make sure it includes races on non-annual dates, too. For example, if a horse has won twice on a May date, but hasn't won on a July date, it's not going to be worth much of your betting money on that race.
Is your horse racing handicapping based on favorites or second favorites? Make sure your program does, too. A favorite is considered the horse with the most money wagered on it. Second favorites are those with the next most money wagered on them, plus their price.
When should you place a bet? Usually on the day of a test, although if you're using a good system you can use the exact order of the horses in a race to finish first or second, whichever is best. You can also wait a day and place your bets at random. That means you'll never really know when to place a bet, but if it's at all possible you should wait until the exact time the last horse in a race is scheduled to race.