How Good Is Your Horse Racing System
If you have bet the horses for any matter of time I am sure you have your favorite horse racing system. I have been playing the nags for over 30 years and I have dozens of systems that promised me the world.
Some of these systems were complicated and some were really simple. But you want to know what is really weird? They all worked to one degree or the other. When I would start out using one of them it would fail miserably. I would get off of it and here comes the winners. Does that sound familiar?
What the problem consisted of was that I failed to give the horse racing system enough time to work.
You see picking the winners is not the problem of the horseplayer. The problem is the betting system itself was the problem. It was not the selection method that was not working. One could just bet on the number 1 horse from now on and would get a fair share of winners at a variety of payoffs.
No the problem is betting more money on the winners and less on the losers. It is as simple as that. It is a money management problem. All of the systems work. The experts have done their best at producing horse racing systems that worked. However they have failed continuously at providing the player with a money management system.
I mean after all what good is a system that produces $28 payoffs when I am flat broke and can’t place but a $2 wager on the horse?
I once had a horse pegged that the trainer had been holding him back and I was certain he was going to turn him loose in an upcoming race. I was determined to be ready for that race. The day of the race came up and he was entered in the final race on the card. I got there at the beginning of the day and since there was no advanced racing at that time, I waded through 9 races to get to the big one. I had entered the track with $100 and was sure I could get to the race with plenty of money to make a killing.
You know what happened. By the time the race came up I was trying desperately to borrow money to bet. I manage to run out to my car and scrape together $2 to bet on this sure thing. The horse sailed by the pack to win going away and paid $55.40 to win.
Bottom line for the day. I was down $45 and had a $55 dollar winner. Bad money management.
So how good is your horse racing system? I would bet it is pretty good. How good is your money management system? That may be an entirely different story.
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