Horse Race tracks establish common betting pools for each type of wager in a race and deducts a certain percentage as a commission (approximately 15-29%) depending on the type of wager, before returning the rest of the money to the winning bettors. We are surprised day after day at the track as we see folks tatalbet the favorites, so we decided to interview a few of them for our video series on horse handicapping and wagering.
Many of the interviews indicated that people just wanted to play it safe, and decided to go with the flow. We tried to explain that the flow loses most of the time, and that they are actually wagering against the other people wagering at the park, and that their odds fluctuate according to how much money is wagered on each horse. After they went to our website and learned some basic betting knowledge, and advanced betting strategies we got some feedback that their winning bets were coming in more often.
I suppose the most compelling reason they changed their minds is that they actually met someone that makes a comfortable living betting on horse races. These people were happy to win once out of every 8 races, and console themselves that they could have lost more! When they met someone that consistently made profits, and has to hire an accountant to report his winnings to the IRS every year, they were flabbergasted!
Many people lose money at this, simply because they bet every race. You must wait for the right opportunity before you wager your hard earned cash. As sure as the sun will rise every day, so will an opportunity show up for you to act upon. You can be part of the few that regards horse wagering as horse investing, and that just makes good horse cents!
The Author is a 30 year veteran of the internet, Business owner, Web Master, Video producer and a certified HIGH TECH in information technology. His recent published works include “A Portal To Nature” a documentary on Yellowstone, and his recent web site startup MyHorseHandicapper.com establishing hims once again as a winning entrepreneur. Look for his Blogs and follow him on social media sites where he is NickNamed “NetSavyGuy”.