UK Horse Racing | Horse Betting

If you are one of the many people trying to make money by handicapping horse races, you know just how hard it is to make a profit. One of the reasons is the nature of horseracing itself. It is just a very unpredictable sport because there are so many variables. As if that wasn’t enough there is also the greed factor.

I am not talking about the greed of the bettors, I am talking about the greed of the states and governing authorities who take so much out of the pools that there is hardly any chance at all to make a profit. Back in the golden days of horse racing, legal bookies used to have to compete for your betting action. They would shave their own percentage to the bone in order to get your action.

But now the states have sewn it up so there is no competition and they can feed off racing while also criticizing it at the same time. But, there is one thing that you can do to counteract their methods. You can shop around for the lowest takeout and play those tracks while avoiding the tracks with a higher take.

It is an unfortunate situation for the people who own and race the horses, but it has to be done. If you really want lower takeouts and a chance to make a profit, then we as horse players need to start doing this to send a message to the states that we are sick of their rough treatment. While you are doing this, you will also boost your own ROI (return on investment) immediately.

While we are on the subject, there are other ways to make a higher return on your bets. Start with online services and shop around if you live in a municipality where it is legal to bet online. Some services now actually offer cash back incentives from select tracks.

Making money betting on horse races is a numbers game and those numbers are based on a slim percentage of profit or loss. Just a few points one way or the other can mean the difference between making it or losing. I’d like to see as many serious horse bettors as possible make it and therefore I think we should stick together on this. Obviously, the recreational players will just play wherever they want to and pay dearly for their fun, but since this is a business, we need to have some discipline and stick together.

The most consistent horse racing systems have to have the basics and a handicapper must understand the basics. I have been around horse racing for 50 years including as an owner. Without the basics the rest is not going to do any good. If you want to learn how a horse owner and insider handicaps just go to http://williewins.homestead.com/truecb.html and get the truth.

Bill Peterson is a former race horse owner and professional handicapper. He comes from a horserace handicapping family and as he puts it, “Horse Racing is in my blood.” To see all Bill’s horse racing material go to http://williewins.homestead.com/handicappingstore.html , Bill’s handicapping store.