88 Days Until May 3rd and the 134th Kentucky Derby
Thoroughbred Horse Racing Mistakes and Traps to Avoid - [ Part 4 ]Thoroughbred horse racing offers an unlimited number of ways to win money and maximize your chances of winning, but an equal or greater number of ways to lose your money and keep you from the kind of money that you deserve.
#1 - Foolish Wagering on the Early Races. [Always Seek Value]
#2 - Don't Let Nonsense and Hype Change Your Mind
#3 - Magnetic Effects of the Tote Board
We continue now with Part 4:
#4 - The "All Or Nothing" Trap
So you want to be a successful horse race handicapper? You must never put all your money/wager "all or nothing" on a particular horse, unless you are in a position to lose it all.
The odds of winning consistent "all or nothing" wagers is next to impossible.
Greed has been the downfall of many horse race handicappers and will continue to be one great way to leverage yourself out of the horse racing game.
If you have that much conviction to wager all of your wagering capital on one horse, it would be more prudent to split your wagering capital on several horses for an exacta or trifecta to spread your risk.
In this example, for you to cash in; your "key horse'' would only have to be in the top 2 or 3 finishers. In the "all or nothing" wagering strategy you only have one chance.
To be a successful horse race handicapper, you have to learn to spread your risk and not be greedy. There are plenty of horses to wager on daily. If you are patient and constantly look for value, you too will claim your fair share of the wagering pool.
Consider this; it is you against all other horse race handicappers for any given race. All successful horse race handicappers already know that there is "foolish money" available in every race.
If you plan to be in the horse racing game for an extended period of time, you must not take unnecessary risks, and that includes the "all or nothing" wager on a particular horse.
Always wager with money that you can afford to lose and do not be greedy, there will always be another horse race to wager on.
Horse racing handicapping and wagering, although a legal form of gambling, does not guarantee that the risk of losing your money has been eliminated.
Visit http://www.HorseRaceHandicappingCollege.com for more information.
