Sensible Money Management on Horse Race Betting

  • Lately, I re-financed my family house, sold out all my assets, and cleared all my money in the bank just to invest in horse game. Oh no! I never did! I will never try that total foolishness. Investing completely everything you have on just a horse can be called an unwise financial decision. I am very sure this excessive illustration got your mind right?

  • However, most people, whether customers or investors or even gamblers are at fault in the area of financial control. But on a lighter mode, is it a surprising thing that a normal gambler will lose money staking on horse racing? This is the question my members always ask me "the highest amount" they must place on each gamble, "if I have a staking method?", or "when is the right time to leave my job and begin to stake games on the horses?".

  • It is as if many individuals prefer to partially commit themselves to managing their betting financial plan, but I will always be surprised on how a lot of individuals are still behaving so carelessly with their cash when they bet. I feel very bad that the constant losing gambler is a little like an obese or fat person who decides and sets target to shed some weight, he could even register at the gym centre.

  • After a while, he goes back to living that unhealthy lifestyle and then he begins to add excessive weight again. This situation is the same with the normal gambler who has really developed a foolish financial attitude that have largely contributed to a continuous loss of cash out of his financial credit and into the bank account of his local ticket sellers. For this type of gambler to become a winning guru, he has to adjust his behavior.

See the tips page for the purpose of this write-up, we shall study some of the bad gambling practice that leads to a poor and unsteady financial reward: Poor assessment before placing bets Take for example you go to a shopping mall and singled out a pack of ice cream from the chiller. Before checking out, you were billed to pay the sum of "three hundred and fifty naira, twenty kobo”. You gave him your debit card, inserted your PIN number and the amount and then you left the mall. Of course you will agree with me that this is foolishness because you should not just pay whatsoever price the mall attendant asked you to pay. Now the question is, why do so many gamblers accept any price placed on a horse they seem to believe in? The answer is simple - they have no idea what a good price about the horse should be. We all know the taste of ice cream, we also know how much it costs, and we can also make a conclusion on what to pay and what not ro pay. But when it comes to staking on horses, maybe the only maximum value most gamblers will commit on themselves is not to avoid creating winning chances. Well, this personal belief may not really work. Again, if you gave me a winning chance of 4/5 to play a horse with a 4/9 chance of winning, I will never be pleased with you. The winning chances regarding any given horse are a perfect reflection of the amount of money behind it, and not essentially an indication of the actual chances of the horse winning. To illustrate my point: a popular instructor Sir Michael Stoute is competing for an expensive stake for the very first time in a race contest at York with Kieron Fallon who is a jockey champion.

The Racing location has about seven professionals stimulating this horse to win. There are also eleven other runners who are competing in the race. Then, the price for this particular horse is 11/10. Now, you will be wondering if this is a sweet gamble. Have you considered that a horse running in a competition for the very first time without an assuring outward appearance and fit has an authentic possibility of just less than 50% to be successful in the game? This is a perfect illustration of when the price of a horse is far less than it's actual possibility of winning. This is never a good assessment. I believe the pattern in which you can use to succeed in betting, is to always avoid placing bets on horses with high value which does not guarantee their real possibility of winning. Of course this can be regarded as getting good worth as a gambler. It also means that you are placing a smaller amount for a valuable bet. Similarly, you will always experience longer periods of gains if you continuously put down horses that are placed at high prices compared to their real chance of winning. The message is this; only bet when you have a sure stake on your side. Or else, just allow others to play the game. Well, I hope you have learned some tricks? That will be all for today.