It is not impossible to make money off the races, but it does take work to become a horse racing handicapping expert. Like anything else in life, you must want it to succeed at it. The reason is that so many people are trying to do the same thing.
On any given day across the country and around the world there are people who are doing their very best to handicap the races and make money. For some people it is a matter of necessity. For others it is a hobby, but they take it seriously. Whether it is an intellectual exercise or a matter of financial survival, there are people who are working at handicapping.
So if you are trying to make money at it, that is what you are up against. The only way you are going to make money and stake your claim to the millions that are wagered everyday is to become an expert.
There are different ways to become an expert. One way it to learn everything you can about thoroughbred horses and the business of racking. Unless you were born into it and grew up on the backstretch, that isn’t likely to happen.
A route that is easier and more feasible is to become an expert in a smaller sphere of influence. What I mean is that you need to select one track or circuit and learn as much as you can about the people who race on that circuit. If you have ten trainers who regularly race horses on one circuit and get to know their moves, you have a chance to win money at horse racing handicapping.
It still isn’t easy, but it is possible. It takes hours of study and you must keep notes. At first it seems like a daunting task and there is a lot of time spent just watching. Like a fisherman who waits for a fish to swim by and take the bait, you must wait for the right situation when you think the trainer has gotten his or her horse in the right situation to win. Then you need to know that the trainer is indeed going to make the move, or in the jargon of the backstretch, to “send,” the horse.
You can study the trainers on your own and begin to figure them out, but using a good method of tote board analysis like the one in True Handicapping will make it easier to figure out if the stable is betting the horse. My advice is, if you truly want to be successful, work, work, work, and use a method like true handicapping to justify a good bet.
You may just be one of the few who through hard work become a successful handicapper. If this sounds like too much work or effort, then I suggest you consider yourself a recreational handicapper and confine yourself to bets you can afford, and as they say, “Don’t quit your day job.”