Horse Betting Tips 101

Gambling has always been a part of the human psyche. An unexplainable thrill is derived from putting your money on something as you wait for the results. Betting on the race track is no exception. The amount of your bet (a standard bet in most tracks is $2) is secondary to the adrenalin rush you feel as you watch the horse where you place your bet on make it to the finish line.... or lag behind.

While betting may not always go your way, you can make every wagering experience on the race track a pleasant experience regardless of the outcome. Here are some tips:

1. Learn the basics. Know the game and the types of bets available. If you're new to horse racing, make sure you understand the terminology and procedures on how to go about betting.
2. Note the selections and tips offered by newspaper handicappers and the commentators of the race track's in-house television. Get hold of an official track program where you can see the percentages of wins and jockey standings. A winning rate of 15% and above is good enough for jockeys and trainers.
3. When the day has taken a downturn, stop betting. Whether you believe or not in Lady Luck frowning on you that day, this is the best thing to do so you can cut any further losses.
4. When you are having a particularly good streak, increase your bets. However, when you have already stocked up a lot of wins early, lock up a portion of it and don't be tempted to dig in to it when you start losing.
5. If you're still learning the ropes on the track, place your bets with the regular tellers who can point out any costly mistakes you might have overlooked. You can try the new sophisticated machines later when you're more familiar with the whole process

Horse betting can be a pleasurable pastime so this piece will end on what is perhaps the most important tip that would serve any newbie well: Let the money you bet for the race track be the money for the race track. Don't dip in to family finances for food or rent or bills. That's always the code for the wise bettor, and he will be the one who will continue to enjoy the races for a long time to come.

View the original article here