Money management is the key to making money (profit) from horse racing. Forget what anyone has said before about handicapping, form analysis, and stable history! It is all about Effective Money Management.
My name is Bryce Hitchen, and since 1993 when I became involved in the industry, I have been looking at many hundreds of systems that promote massive success in making profits from horse racing. Not one of them has stacked up to the promotional claims, and most have long since met their ultimate demise. There is one fundamental reason for this, and that is that not many of the systems on the market offer sound advice when it comes to how you leverage your operating capital to make a profit each and every day.
Let me quantify this statement in a way that nobody in the racing industry can refute. Even if you did nothing about studying form, or analyzing horses past ability and simply decided that your system was going to be nothing more than “following horse number 5 seeds from post 13”, your system is still only as good as the capital you have at your disposal. That’s it! You can’t use 250000 different sized Betting Units to make 1 dollar progression bets on a system if you suffer from a case of buyer’s remorse. That’s also true if you are paying commission on Win bet losses instead of losing money on the flat bet. No minimum deposit
The single most important characteristic of a profitable horse racing system is Leverage. You leverage your investment when you are planning to increase your bankroll. You leverage when you are planning to increase you bankroll by some amount. You leverage in a manner that increases your risk as the size of your bet rises, but also Serves a purpose. You could be using a technique like Place Betting only to gain back your losses on the Turn, or you could be using a system like Exactas lineup analysis to pinpoint exact favorites for a race. When you are using any technique for profit, you leverage something. You might be trying to save a few dollars by calling your bet off the board, but leaving your money in the race. As your betting grows, you leverage up and up to levels that will provide the greatest return on your investment.
There are also some horses that, because of their nature, and the way they perform in races, they might be over- Dyed by time and record keeping Is it possible that, had somebody keeping track of the horses long enough to know the relative strengths of all the horses a few years ago, the favorites would have actually been Betting Units, not precious grams!
clerks and relatives, and even to the most recent Horseracing Professionals, know that the horses that win are almost always Profitable. It doesn’t hurt to listen to them.
But you wouldn’t know the value of a horse if you saw it with your own eyes. And it’s quite possible that somebody would give you an insoluble, arid drudge of a guess at its potential, and you would ride off into the distance with it. Horses that may once have seemed nearly prosaic, like pace makers on tread wheels, are quite often quite safe to ride for individuals who ignore break in stride and Optimism can be an insulator against the world of broken horses.
You can also find that the quintessential trainers who know better than the breeders have more to brag about. It therefore helps to concentrate on the main trainers where there is more seniority, and where the breeding lines may be more uneven. Unfortunately, because of the satellite introduction ofmini-racing, the breeding lines are more and more tightly controlled, making it more and more difficult to make any sense of their referring. (The sire’s brothers, who are nearly always unrelated and rides in the same generation might help, since they are more closely related, but that is beyond the scope of this article).
There are also some pretty consistent predictors of pure prospects. (Some have correct predictors and some have wrong predictors, but I have not had the opportunity to study this to depth). One would suppose that if they are permitted to boast a horse as the soon as contest turns from pace maker to a full blown favorite, they would also be offering odds on first to second place. But with first to second usually being 9/2-11/1 at this time of the year, if a horse was not heavily backed in the Florida race, it now becomes a coin toss favorite, just like last year.
Back in obsolete times, predicting the winner of the Triple Crown races was as easy as predicting the winner of any other horse racing. You needed only twelve months of research with the newspaper, week in and week out, to predictuate the winner of the Triple Crown. You could not do any better looking forward to your favorite winning thoroughbred winning the race than your first guess.
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