Horse betting money management is very important and rarely discussed.
That is unfortunate because with all of the horse racing options it is very easy to get carried away without money management. How can we manage our money in horse betting successfully?
Horse betting gives us a lot of choices every single day. We have the basic win, place and show choices and we have a variety of exotic horse betting options. And keep in mind these horse betting options are available for multiple tracks every single day. That is a lot of choices in horse betting. That means money management is critical to success in horse betting. Are you going to be playing multiple tracks and different horse betting options or are you going to limit your bets to one track? This is a big question that impacts your money management in horse betting. If you are going to be playing a lot of tracks then your bankroll has to be big or your bets small.
You will also want to decide how much money to risk on each race and whether to focus on win bets or exotic bets. It can get very expensive in horse racing to play multi-race tickets. That is definitely the case if you are going to include multiple horses into pick three, pick four or pick six tickets. That is where money management and your bankroll come into play. You should make your money decisions well in advance of the races. You don’t want to be wondering if you have enough money to play all of the races you have selected for your horse betting.
There is no question that horse racing money management is very important. It doesn’t get nearly as much attention as it should from gamblers. Without a plan of attack in horse racing you are just hoping to get lucky. To make serious money at horse betting you must have a plan for your money or you will eventually lose it. It is not easy to overcome the track edge in horse betting and without money management it is next to impossible.