The most consistent horse racing systems have to have the basics and a handicapper must understand the basics. I have been around horse racing for 50 years including as an owner. Without the basics the rest is not going to do any good. If you want to learn how a horse owner and insider handicaps just go to http://williewins.homestead.com/truecb.html and get the truth. Bill Peterson is a former horse race owner and professional handicapper. He comes from a horse race handicapping family and as he puts it, "Horse Racing is in my blood." To see all Bill's horse racing material go to http://williewins.homestead.com/handicappingstore.html , Bill's handicapping store.
I started handicapping and betting on horse races many years ago. I was lucky enough to have family members involved in horse racing and who knew a lot about horses. But even with that advantage, it took a long time before I ever showed a profit from playing the ponies. It made me realize what the average person is up against when he or she decides to try to make a profit from the races.
Even though I got some knowledge and advice from the people on the backstretch, it still would have been nice to have a good handicapper tell me what I needed to know, whether or not I was wise enough to listen. Anyone who plays the races for a while, whether for fun or for a living, learns that there are a lot of life lessons to be learned from gambling and horse betting.
Take each suggestion and do what you will with it. No two lives are exactly the same, so the things I've learned may not mean much in your life, but you never know, you just may learn a few things from these tips that will help make life a little smoother.
The first thing I learned about gambling and playing the horses is that it is a tough way to make money. It looks glamorous at first, but when you actually do it to make the money to pay the bills, it can be very tough.
The second big lesson and the advice I would give to any beginning horse player is, don't expect anyone else to make you a good horse player. You may learn from other people but the final result, how you put all the information together and apply it in your life, is totally up to you.
Third on the list of lessons is that while things may work out fine on paper, they seldom go as smoothly in real life. You may keep records and do data studies til' the cows come home and think you have perfected the perfect horse racing system, only to lose your shirt when you start playing it. Therefore, here is a real good tip. Until you are rock solid sure of yourself and what you are doing, bet light.
Fourth on the list of things I have learned is that racing and gambling are insidious and can gradually take over your life and lead to losing your objectivity. After a while they seem more important than other people and the rest of your life. Don't let that happen. Most of our lives, the meaningful parts, takes place away from the race track.
Fifth of the lessons I have learned is that nothing works all the time. We handicappers tend to fall into ruts and when we find something that makes us money, we think it will last forever. Nothing could be farther from the truth. You must have a bag of tricks so you can try different things until you find what is happening at a particular meet at a particular time. Knowing when to zig and when to zag is probably the handicappers greatest gift.
Sixth and finally, keep records and notes and read them often so you can keep track of how you are doing and what you can do to improve yourself and your performance.
These six racing tips may seem simple, but they would have saved me many trips home with empty pockets and a heavy heart.
- Related Videos
- Related Articles
- Ask / Related Q&A
- Horse Racing Handicapping Tip Number 2 for Horses First or Second Off the Claim
- Horse Race Handicapping Tips!
- The Secret of Successful Horse Racing Handicapping is Finding a Good Bet
- Free Horse Racing Handicapping Tips!
- Racing Tips to Use With Handicap Horse Racing
- Horse Racing Handicapping Tips to Tilt the Odds in Your Favor
- Horse Racing Handicapping Tips for the Biggest Intangible Factor
- Horse Racing Handicapping Tip Number 3 Think Like a Trainer in Claiming Races




Money Management is the Key to Making Money Betting on Horses
By: Bill Peterson | 03/01/2010If you are serious about handicapping horse races and making money, then you should know the truth about money management. The truth is that becoming a great handicapper is not enough to make a profit wagering on horse races. I don't care if you are the greatest handicapper that ever lived, it will still be difficult to have a positive return on investment (ROI) unless you are also a good money manager.
What Kinds of Notes Do Professional Horse Players Keep?
By: Bill Peterson | 03/01/2010You may have noticed, in the hundreds of articles I have written over the years, that I advocate keeping your own notes if you are serious about winning money betting on horses. If you could see my office you would realize that I practice what I preach. Not only do I keep notes on my laptop, but also on my notebook and even good old hard copies written in my own chicken scratching, scrawled, handwriting.
To Be a Successful Horse Racing Handicapper You Have to Shop For Deals
By: Bill Peterson | 03/01/2010If you are one of the many people trying to make money by handicapping horse races, you know just how hard it is to make a profit. One of the reasons is the nature of horseracing itself. It is just a very unpredictable sport because there are so many variables. As if that wasn't enough there is also the greed factor.
Why Horse Racing Systems Are So Popular
By: Bill Peterson | 03/01/2010Ever ask yourself why horse racing systems are so popular? I mean does anyone really sell a system for beating the races? Is it possible to buy a written method for beating the races and if so, why would anyone sell it?
Winning Long Shot Bets in Horse Racing Handicapping
By: Bill Peterson | 03/01/2010Finding a hidden long shot that wins at a good price is one of the great thrills for a handicapper. But there is usually a good reason for a horse going off at long odds so if you chase long shots, you're bound to go broke real fast.
The Best Angle in Horse Racing Handicapping to Make a Profit From Your Bets
By: Bill Peterson | 03/01/2010Do you wish you had an angle that actually made a profit when you bet on horse races? Everyone is looking for an easy to spot angle that will make money and won't be bet down to ridiculous odds. The problem is, that once someone discovers a factor that points to lots of winners, the crowd soon finds out and you just can't make a profit from it.
How to Make a Profit Betting on Horse Races
By: Bill Peterson | 03/01/2010Some people think picking winners and making a profit betting on horse races are the same thing. But to a true professional horse player, those two activities are related, but not the same. While you have one group who will handicap a horse race and then bet the horse that they think is the best to win or perhaps in exotics, other will assign odds to each horse in the race and then work with that line.
Avoid Betting on Fixed Races and Getting Stiffed at the Horse Track
By: Bill Peterson | 02/01/2010Horse racing, like any human activity that involves money and risk, is sometimes a crooked game. In my opinion, after 50 years at the races as everything from a groom to an owner, most races are not fixed and the people who work at the race track are usually pretty honest. On the other hand, there is occasionally a fixed race.
Avoid Betting on Fixed Races and Getting Stiffed at the Horse Track
By: Bill Peterson | 02/01/2010 | Horse RacingHorse racing, like any human activity that involves money and risk, is sometimes a crooked game. In my opinion, after 50 years at the races as everything from a groom to an owner, most races are not fixed and the people who work at the race track are usually pretty honest. On the other hand, there is occasionally a fixed race.
The Secret of Successful Horse Racing Handicapping is Finding a Good Bet
By: Bill Peterson | 17/12/2009 | Horse RacingThe problem with trying to make money horse racing handicapping is that a lot of people are doing the same thing and some of them are quite sharp, others have inside information, and a few are both sharp and have that information. Beating the crowd with your bets isn't easy. Whatever past performances, speed ratings, handicapping angles you have are available to the rest of the betting public. Some people think the secret is to pick winners and that if he or she can just pick enough winners.
When to Bet on the Favorite in a Horse Race
By: Bill Peterson | 17/12/2009 | Horse RacingThe favorite in a horse race is the horse with the most money wagered on it to win, therefore, the horse with the lowest odds. Favorites win an average of about a third of the time, or perhaps slightly less. If you just want the thrill of watching a horse that you have bet on win a race, then betting the favorite in each race is probably what you should do. On the other hand, that thrill will cost you money over the long run because, though they win often, the favorite is usually a bad bet.
Easy Horse Racing Winners Based on Just One Handicapping Factor
By: Bill Peterson | 17/12/2009 | Horse RacingFinding a good bet in a horse race isn't usually easy, but sometimes, if you know which races are easier to handicap, you can find the right horse to bet on. Some races are tougher than others to handicap for different reasons. The first and most obvious problem is the size of the field. The more horses in the race, the more time it takes to handicap the race and the more chances of missing an important fact about one runner that may be the winner.
Horses Entered in a Race for Main Track Only Indicate Trainer Intent
By: Bill Peterson | 17/12/2009 | Horse RacingSooner or later, when you are handicapping horse races and trying to make money betting on the horses, you realize that you spend a lot of your time handicapping the people, not just the horses. The truth of the matter is that the people, that is the jockey, trainer, and owner, have as much to do with the horse winning as the horse itself.
Horseracing Handicapping When Enough is Enough and it is Time to Decide
By: Bill Peterson | 17/12/2009 | Horse RacingWhenever you handicap a horse race it all boils down to one thing after all is said and done. You have to decide whether or not to be on the race. It is just that simple, though the judgment required may be quite difficult. The problem is that there is so much information now available, it is hard to know when to quit studying and reading and when to just sit back and make that final decision.
Horse Racing Handicapping Tips Using the Day of the Week to Follow the Smart Money
By: Bill Peterson | 13/12/2009 | Horse RacingAre you keeping track of pool totals and using money moves on the toteboard to determine which runners are live? It is a good way to know which horses in the race will be sent and which ones are out for a little breeze. By that I mean which riders will be trying to win with their horses and which ones have instructions to only exercise their horses. If you think that every horse in a horse race is being sent out to win, then you don't know much about the business of owning and training horses