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Basic Horse Racing Handicapping Tips
04/08/11

Betting on horses can be a fun leisure activity, but most people who do it, do it for an entirely different reason: to make money. If making money is your objective, you need to step back and take a look at some basic guidelines and tips, otherwise you’ll never stand even a remote chance to fulfill your objective.

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First thing’s first: learn to make heads and tails of the tiers. Horses are divided into several color-coded tiers. The dark green tier is the first tier. Horses within it are ranked from best to worst, although those within the same tier usually present extremely close levels of ability, which makes it difficult to truly pick the best one. The grey tier is the lowest one, however the problem with it is that it does not mean that horses included in the grey tier are indeed the worst of the bunch. The grey tier simply means that the information on the horses included there is too sparse and therefore the horses cannot be included in any of the other tiers as way too little is known about them. When playing a trifecta or an exacta, you should always aim for the horses in the top green tier. When placing a multi-leg bet like a pick 3 or pick 4, aim mostly for the top tier, but include a horse from the second tier or even the grey tier every once in a while.

Paying keen attention to which races you bet is also important. You may be an avid bettor, but you should never – under any circumstances – bet on every single race just for the sake of the gambling rush. You should hand-pick your races, and the basic guidelines in this sense tell you to go for those with a thin top tier. Having a single horse or two horses in the dark-green tier is a definite advantage. Having several horses in the grey tier ads to the uncertainty, and thus it takes away from your edge. Bankroll management is extremely important too. If you blow your entire bankroll on a couple of races, you won’t really allow your skills to fully unfurl. While you should never commit too large a portion of your bankroll on a single race, you should also be aware that it takes money to make money. If you’re attracted to exotica wagers like Superfectas, you have to have a significant outlay to ever even hope to make money on these bets. Don’t cut too many corners. Saving a couple of bucks here and there may end up costing you hundreds or even thousands of dollars at the end of the day. Of course, sticking to Exactas and Doubles is also a solution if you’re on a thin roll.

Never underestimate the importance of workouts. Sure, past results should be factored in as well, but one shouldn’t attribute too much importance to them. They’re limited to offering clues on the overall abilities of the horse. If you’re betting on a race today, you’re much more interested in the current shape of the horse, and the best way to clue yourself in on that is to take a look at the workouts. If you’re having problems choosing between two horses of similar abilities, the one in the better form is obviously the better bet.

There are online handicappers out there who analyze the quality of workouts for their customers. Taking your betting online also makes a lot of sense because there are all sorts of bonuses and poker rake rebate -like loyalty deals offered.

Joining a gambling forum or one especially dedicated to horse racing is also a common-sense move. Such online communities provide a plethora of tips and inside information, as well as actual handicapping.

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