What Are Paper Bets and How Can They Improve Horse Racing Handicapping Betting?

Betting on horses is a skill and therefore requires practice, lot of practice. Handicapping horse races is sometimes called an intellectual sport, like chess. I couldn’t agree more. You might also compare it to golf, in that it is very frustrating and can ruin a perfectly beautiful day outdoors, okay that was tongue in cheek, however, I think you understand what I mean. Handicapping horse races requires practice in order to develop the skill necessary to make a profit from your wagers.

But how do you practice making bets on horses? Paper bets are on method of handicapping and then deciding what your bets would be and making the bets by writing them down on paper. While actually making bets with real money can be thrilling, it can also be expensive. Think you’ve got the horse racing game beaten? Ready to go to the track and clean up? How about testing your theory on paper first?

If you think you are a good handicapper and bettor, try handicapping the races and making 50 paper bets first. Be honest with yourself and write them down and do not change them, once they are on paper. Consider it the same as if you actually handed your money to a teller and you are unable to change the bet.

To put a little more pressure on yourself, and to make it more realistic by being stressful, which real gambling is, by the way, make a commitment that you will not make a real bet until you can show on paper that you made 50 bets and they showed a clear cut profit, no ifs, ands or buts about it. With the possibility of not being able to go to the track or make any bets until your paper bets show a profit, you will quickly learn to weed out those “iffy,” bets and start betting like a true professional.

With that said, however, let me caution you about something else. In horse racing handicapping, as in life, things seldom work out in real life as they do on paper. Therefore, just because your paper bets seem to make a profit, don’t mortgage the house and put it all on your latest system. Slow steady and moderate is the way to make money by using any horse racing system or ability that you may have. When you are betting with real money you will find that you think differently and bet differently.

The whole idea of making the commitment that you wouldn’t go to the track and bet real money unless your bets paid off on paper was to put some real pressure on yourself. There will be real pressure on you when you bet with real money, so getting used to that pressure and seeing how it will affect your betting is very important. The most important lesson to be learned from paper bets, is not only whether your handicapping skills are good, but whether you can take some pressure and still make money betting on horses and the only way to do that is to have something to lose if your paper bets fail to show a profit.

if you don’t want to make the commitment about going to the track, make the commitment about something else that you really enjoy in life and don’t want to give up. Tell yourself that you will give it up until your paper bets make money and then stick to it. Like I said, you will soon learn just how tough it is to make money betting on horses and how you handle that kind of pressure.

Horse Racing: How To Grasp Profitcapping And Return On Investment

How to grasp Profitcapping and return on investment or ROI is the main reason for horse racing and not simply racing for the sake of racing. Players are there to make money or to profit. People handicap horses so they can pick the horse they believe is going to come across the wire and make them more money than they put in. Racing’s about investing and not gambling. All gambling is investing but not all investing is gambling. You can predict a thing by yourself but it takes two or more persons to bet. When you wager anything on a bet whether it’s a car, house, money, jewelry, etc. you’re gambling.

The difference between gambling and business investing is: when you have a 51%-100% chance of losing the endeavor you’re gambling and when you have a 49% or less chance of losing the endeavor you’re business investing. Every time you invest (gamble or business invest) you need to know you’re chances of profiting or losing money in detail. Taking a business perspective of racing is the most sensible option because racing has to seen for what it is: a business. Players don’t go into detail enough to study racing as a business overall.

Players consider handicapping the main way to think about making money. But it’s a matter of understanding ROI over months and years ahead. Knowing how much can be made on a long-term basis. As an example: lets say you take a simple random statistical sampling of 2100 trifecta payouts for one year. This amount turns out to be $220,000 after all payouts are added. A ticket for each race sampled is bought and the sum invested is $100,000. You lose 1000 races and win 1100 races. When the year is over you add up all of the money you got back after the investment and it turns out to be $120,000.

You made a $20,000 profit. But $220,000 minus $120,000 = $100,000 and this is the payout money you didn’t get. And if at the years’ end you get back $85,000 then your loss is $15,000. Or $100,000 minus $85,000 = $15,000. In other words it’s what you’ve invested plus or minus what you got back. If you put in $100,000 and get back $100,000 then you broke-even. This is how to grasp profitcapping and return on investment or ROI and what it’s all about. This isn’t all there is to Profitcapping. Indeed there’s much more to say the least.

This way you can see years ahead in the game. Profit or ROI in racing is simple. You endeavor to get back more than you put in for a specific time period. Be it a week, month, year or several years. Simple statistics lets you do this and know this in a highly specific way of how much money is there and how much must be spent buying tickets over that specific time period to make a profit or Profit – capping. Capping means the process of predicting a thing. What are you going to predict? the horses and the money. This is part of how to grasp profitcapping and return on investment.

Horse Racing Tips – Who Can You Trust?

Horse racing tips are something that people at the racetrack are always trying to get their hands on. If someone has a hot tip about a horse in the second race, other race fans will clamor to know everything about it. After all, everyone at a racetrack can use a little help every now and then when it comes to picking a winning horse.

Ideally horse racing tips would be insider tips from the owner or a jockey’s agent. Of course 99.9% of the gamblers at the racetrack do not have that kind of information. There are many phone services and online handicapping services that claim to have such information. But because they cannot “reveal” their sources, the whole idea of it is sort of sketchy at best. We’ve all called these praying for it to be true and all you’d have to do is plop a $200 win bet on a nice $30 lock – but somehow those tips NEVER seem to pan out that way.

The best kinds of horse racing tips that people are using today are not really tips at all. Many avid horse racing gamblers have discovered certain gambling systems that allow them to plug in stats and other variables to produce a prediction relating to the horse that truly has the best chance of winning the race. Although these systems are not a quick way to get rich, it is possible to make a good amount of cash over the long haul.

These wagering systems give you a much better chance of picking horses that should win each race. By using a gambling system, it is possible to take away some of the luck that many people believe is a part of the game.

Remember the best system will include spot betting, hedging your picks and wise money management. There have been many systems floating and re-appearing in the mail and online claiming to be “new” and most are the same old same old.

The best case scenario is a “try before you buy” strategy. Track the sellers picks (free work best) and then determine if their horse racing system is for you. Or you can create one yourself. I’ll show you how in an article I’ll be posting soon.

See you in the winners circle!

Horse Racing: The Secret Of Thinking Big Money And Not Thinking Small Money

The secret of thinking big money and not thinking little money is a frame of mind the player need to have if he or she is to make big money. The mass majority of players that consider Return On Investment (ROI) in racing usually consider making a few hundred dollars in profit over a few wagers spent. Or an ROI of a few cents or nickles on the dollars. There’s another way which is as simple and straight forward but much more powerful. This is the case where you intend to play racing as a job or career and play 1,000’s of races over several or more years and not as a pass time.

An example: in the course of 10 years exact at any major track in the USA when the money is summed for all wager types for such a time period it adds into more than several millions of dollars. If you sum the total for 4-5 major tracks it reaches over $30,000,000 for that same period. $30,000,000: THAT’S REAL NAVY, SON! If you’re thinking about getting 5%-70% of that then you’re thinking big money, big business and not gambling. Why? Because you’ll never see the day when gambling will net you that type of money. You need design and not luck.

Thinking small money will not do so either. And you can put your money down on that and win. The secret of thinking big money and not thinking small money in racing is to think big money in the right way. To repeat: the right way. Of course you can play the pick 6 and get lucky but you can’t repeat it at will. It was just an accident. The money is just as real of course. There’s a way to know statistically and of seeing the game a certain way. There’s a way to create a flexible firm plan.

An example of Return On Investment or ROI. In one year exact you put $500 in A and $600 in B investments. You get back $75 on A and $90 on B in profits. Turn each into a fraction and turn each into a percent. Such as: $75/$500 = 15% and $90/$600 = 15% respectively. Another example: in one year exact you put $1,000 each into investments A and B. You get back $75 and $90 respectively in profit. Turn A and B into fractions and turn each into a percent. Such as: $75/$1,000 = 7.5% and $90/$1,000 = 9% respectively. This is called rate of return.

To obtain a large percent of that money and the way to do that is to know and practice handicapping and profitcapping very well. Handicapping is predicting the order of finish positions of races well. Profitcapping is predicting the profit to be made from the in money positions from wager types and the payouts over months and years while dealing with each race on an individual and personal one on one basis. Don’t seek to make a few hundred dollars but 100’s of 1,000’s of dollars or a few millions of dollars. For this you need a business, a statistical and a thinking big money view-point. This is partially the secret of thinking big money and not thinking small money.