Do You Know How You Spend Your Wagering Dollars?

amgona_06-15-13Are you a typical horse player? If so, you have a steady source of income that allows you to bet on races despite your consistent losses. The plus side is you don’t have to think about what you are doing. If you suffer from a long losing streak, it is no big deal. Just hit the ATM at a nearby banking facility and you are back in business. You do not need to worry about making a consistent profit from your wagers because your next paycheck, social security deposit, or whatever, will bail you out.

What would you do if you did not have a steady source of income? Would you wager differently? Could you wager on the next race after having suffered from the results of seven straight losing wagers? Most people never consider these questions; therefore, they continue to accept their losing ways. However, a steady paycheck should not be an excuse for accepting consistent losses.

A steady source of income is a crutch for most horse players. It keeps them from becoming winners because they have no idea how much money they have actually lost at any given time. They bet every race until their money runs out. They see every race as an opportunity to make money, but they never consider the fact that every race is also an opportunity to lose money. That is one of the reasons most people do just that. They lose money.

There is a winner in every race, it is true, but your chances of betting on that winner are stacked against you. Does that mean you should stop betting on horse races? As a full time professional, it would be hypocritical for me to make such a recommendation. However, I strongly recommend you start keeping track of the wagers you make, along with the results of those wagers. Then analyze your results over the next month. You might be surprised with what you find.

You might find you are good at picking Exactas but not so good at picking which horse to place on top. Or, you might find you have the ability to pick out a horse in every race that will hit the board 90% of the time. The point is if you do not know where your strengths and weaknesses lie, how can you possibly become a winner?Horse_50x50

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