Writing a daily blog post about handicapping horse races is difficult, even if you only write between 300 and 400 words per day. It is especially problematic when one’s approach to handicapping is as narrow as mine. “It is not advisable to wager on short-priced horses.” How many ways can I tell you that? “The reality is that without finding value when betting you are throwing your money away.” How many ways can I find to drive that message home?
Since the majority of the people who read my book will never have what it takes to make my particular process work (i.e. the proper attitude, the confidence to tolerate long losing streaks, the ability to sit for hours on end waiting for the proper circumstances to appear before making a wager, etc.), I thought I would begin writing posts about traditional aspects of handicapping. Perhaps after reading my take on why some aspects have merit and why many aspects are meaningless nonsense, you will find a way to profit from your betting.
I will begin by pointing out that handicapping horse races can be as simple or as complex as you want it to be, but for most race goers it is typically based on the following two elements:
1) studying the past performance records of the horses entered to compete in the day’s race;
2) watching the tote board in an attempt to ferret out clues about how the betting public views the chances of the horses being considered for a wager.
Many people feel both elements of the process can be performed between races, typically a twenty- to twenty-five minute time frame. Others will spend four or five hours the night before, and another one or two hours before the first post, looking at every angle they can think of.