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 Horse Bet Tips

Horse Bet Tips - Tips to ensure a lot more winning horse races and a reliable, consistent income on horse betting.  All the top horse racing gurus that make a living or have gotten rich follow these rules
Horse bet tip #1: Patience
The problem with most people that engage in horse race betting they do so out of impulse.  They bet based upon their "gut".  The reality is the guys who make a regular living on it have a system and they stick with it.  You ONLY select a horse in a horse race that meets an expect specific criteria.  If that means that there are no races that day that meet that criteria you go home and don't bet.  For someone with a gambling "problem" this is very difficult.

Horse bet tip #2: Greed
This ties in in with horse bet tip #1.  If you have the attitude that your going to make a boatload of money on one single bet then you have the wrong attitude.  The key to lasting with horse betting is betting CONSERVATIVELY and SAFELY.  Betting on certain favorites that meet an exact standard (7 of them according to Mohammed Ali in his book "How to Place Bet on Favorites for a Living") If you let greed take over then you end up betting on a horse race that DOESN'T meet the 7 standards and you lose.

How to place bet on favorites by Mohammed Ali
Horse bet tip #3: Stop being lazy
 In order to make a reliable and consistent income with horse bet racing you HAVE to make sure the horse bet you are selecting meets certain criteria as mentioned above. According to Mohammed Ali ("How to Place Bet on Favorites for a Living")  These criteria include such factors as track condition, field size (how many horses in the race), barrier draw (position of horse in the race at the start), the performance of the horse over the last 3 races.  If your a lazy horse race bettor then you don't want to bother with this homework and thus you make stupid bets.
Horse bet tip #4: Use a betting bank
A betting bank is where you actually open a bank account and set aside a certain amount of money in that account just for horse racing.  The act of doing this compartmentalizes, both physically and mentally, money for horse racing but more importantly when you follow the system of using a specific percentage (page 22 of "How to Place Bet on Favorites for a Living") for each bet, say 5%, you have a specific place to get that 5% from.  As your winnings grow you have a "place" (forgive the pun) to put your winnings.  And as you see that bank account grow with the passing weeks and months your feeling of confidence and success will grow with it and as that bank account grows the 5% you are allowed to bet with for a specific horse race has now increased because your betting bank has increased.

You can download the free publication How to avoid the 10 deadly mistakes 95% of all punters make which contains 10 tips (6 additional ones not mentioned here) that you should and must follow if you want to succeed at horse race betting.