Must-Dos Before Betting Which You Didn't Do Perhaps you are entertaining the thought of placing a bet in the coming races.
You have heard enough from your friends' endless discourses on their winning and losing wagers.
You've heard their analyses and predictions, and you think you've heard enough to place your first bet without knowing a thing about the horse racing system.
Hold your horses before you place your bet.
There's more to horse racing wagering than what you've heard over tankards of beer in the pub.
If your friends were always lamenting about the what-could-have-beens and the if-onlys, you should be better off knowing a thing or two.
If you look at the entire horse racing system, it looks rather complicated, enough to fluster a newbie chasing a quick buck.
The moment you wet your feet you'll discover that betting in horse racing should not be a lackadaisical exercise.
Hard core pundits know that to survive, they have to evaluate the horse's chances and go the way the wind blows.
But since you insist you can breeze your way to the jackpot, here are the top five things you can do to lose at the races: 1.
Don't do your homework on value betting and don't bother with a system.
Leave everything to chance.
It's a gamble anyway.
2.
Bet on the crowd's favorite with your last penny.
Unknown to many, backing a favorite is not smart if you're after the jackpot.
There's more to betting on favorites than meets the eye, something which you have to learn for yourself.
3.
Bet on any horse that strikes your fancy Because you have a gut feeling that this horse is going open up a whole new world of instant riches.
Betting is a systematic system that requires a bit of mathematical calculation.
Even if it's a Seabiscuit clone out there, you have to do away with your fondness for the horse.
It's your money you're putting on the line.
4.
Ignore establishing a horse racing system.
A horse racing system covers a lot of ground - choosing a horse, knowing the types of bets, familiarity with the different races, and a whole lot more.
5.
Bet in running.
In the heat of the race, give in to your impulse to bet on an obvious winner.
Pundits shy away from this type of spontaneous betting.
They understand that the time lag between the actual race and the moment you get to drape yourself on your couch can lag a minute less from the real time.
Blame your bandwidth.
Once you've followed all these tips, you'll surely lose at the races.
But if you think you want to really make a good career out of betting, ignore these tips and do the exact opposite.
With the National Hunt coming soon and the fat jackpot that goes with it waiting for takers, start establishing your horse racing system from scratch.
There are several online betting sites that can help you through the maze of a horse racing system.