Kentucky Derby Countdown:
86 Days Until May 3rd and the 134th Kentucky Derby
Thoroughbred Horse Racing Mistakes and Traps to Avoid - [ Part 5 ]
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
#4 - The "All or Nothing" Trap
We continue now with Part 5:
#5 - You Win Some - You Lose Some
Thoroughbred horse racing is just a game, and you or any horse race handicapper will not go undefeated. Just because horse race handicapping is a legalized form of gambling, does not mean that you can wager recklessly.
If you are on a "hot streak" - do not get greedy and wager out of your money management parameters. We suggest that no more than 5% of your wagering capital be used on any given horse race. This rule is in place to protect your capital. If you plan on being a consistent and successful horse race handicapper, then this rule must never be violated.
On the other hand, there may seem to be times when you could not pick a winner, even if the famous horse race handicapper, Andrew Beyer, told you it was a sure thing. Do not get discouraged, knowing that all horse race handicappers have losing streaks.
You will be able to stay in the game, if you are not violating your money management rules and you continue to seek value in each horse race. If the value is not there, there is no need to wager, just because there is a horse race.
Horse racing- it's just a game...it is not YOU against the track, it is YOU against all horse players that are wagering.
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.
Fact: Only 2% of all horse race handicappers actually make money wagering.
Visit http://www.HorseRaceHandicappingCollege.com for more information.
