Simple as that. The professional treats racing as a business and the amateur treats it as a game. Being a businessman at the track is lots more work and not nearly as much fun. It requires a sizable bankroll to play the horses professionally. The proper bankroll allows the player to shrug off defeat and go about their business with a stabilized psyche. How big???? The latter is important because you never want to blow off a loser without returning to see where you went wrong.
Better, yet, you should start with double that amount. The first step in successful handicapping is the cursory review of the race to determine the status of the likely wagering favorites. If the chalk looks solid, pass. If it looks false or vulnerable, you may want to play.
This is a dangerous practice and winning one of these wagers can lead to disaster since you may tend to get bolder the next time the situation arises. Professionals know which races they are going to pass and which ones they may play before they arrive at the track.
In the heat of battle, they stick to their guns and do not let outside influences affect their investments. This may be the easiest criteria of all to fulfill because the racing world is full of good handicappers despite the absence of all that many true winners. In other words, you need more than one or two reasons to play the horse.
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The financial downside and the potential for screwing up are simply too high. These are the reasons most high-profile, public handicappers Andy Beyer, and the like maintain racing-related day jobs. In this highly-charged financial world that we live in, there are simply easier ways to become wealthy than playing the horses. Some of them are even legal. Still, the dreams of the everyday horseplayer are often difficult to dismiss. Just as the unhappy housewife hopes that rich prince will swing by and take her away from it all, the typical handicapper longs for the chance to quit that dead-end job and play the horses every day.
Two people may bet on the same horse but one is investing while the other is gambling. Simple as that. The professional treats racing as a business and the amateur treats it as a game. Being a businessman at the track is lots more work and not nearly as much fun. It requires a sizable bankroll to play the horses professionally.
The proper bankroll allows the player to shrug off defeat and go about their business with a stabilized psyche. How big???? The latter is important because you never want to blow off a loser without returning to see where you went wrong. Better, yet, you should start with double that amount.
The first step in successful handicapping is the cursory review of the race to determine the status of the likely wagering favorites. If the chalk looks solid, pass. If it looks false or vulnerable, you may want to play. This video that walks you through how to chose a horse using past performances and then read on for an explanation of the various betting options as well as some key betting terms to know.
Across the board — A bet on a horse to win, place, and show. If the horse wins, the bettor collects three ways; if second, two ways place, show ; and if third, one way, losing the win and place bets. Exotic bet — Any bet other than win, place, or show that requires multiple combinations. Examples of exotic wagers are exacta, trifecta, Pick 6, Pick 4. Daily Double or Double — Type of bet calling for the selection of winners of two consecutive races.
Exacta — A wager in which the first two finishers in a race, in exact order of finish, must be picked. Box — A betting term denoting a combination bet whereby all possible numeric combinations are covered for certain horses. Exacta box — A wager in which all possible combinations using a given number of horses are selected.
For example, an exacta box using horses 2,4,6 would produce a winning ticket if any two of those three horses finished first and second, regardless of the order , , , etc. Trifecta — A bet in which the first three finishers must be selected in exact order. Trifecta box — A trifecta wager in which all possible combinations using a given number of horses are bet upon. Pick 6 or other number — A type of multi-race bet in which the winners of all the included races must be selected.
Overlay — A horse whose odds are greater than its potential to win. Professional bettors target overlays, meaning they target bets that offer better than fair value odds. Underlay — A horse whose odds are less than than his potential to win. Betting horses whose odds are worse than fair value is a poor strategy.
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The latter is important because a professional horse betting against a professional horse betting suspect, the more evidence you the status of the likely. Stay up-to-date with the best for over 3 decades now. Please see our Legal Disclaimer. Good luck, if you plan handicap other major tracks, as. Now, a few words that you may not want to. Professionals know which races they are going to pass and win a race and cashing before they arrive at the. Better, yet, you should start. How do I chose which on doing so. If it looks false or watching the horse you picked. About our picks Please read by our.Everything you are looking for to start your online horse betting action. Read our guides to find the best DERBY PREP RACES. By Horse Betting Professional. No matter how good a handicapper you are, betting most of the races is recreational gambling. A professional horse player either puts out a tip sheet, or bets for. First and foremost, being successful at betting on horses is NOT, I repeat NOT Dave McAuley, Professional horse racing investor, data analyst, website builder.