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Horse betting is a form of gambling that exists all over the world. However, like any other form of gambling, it is important that you know how to manage your money well and know your horses well to successfully bet and win in horse racing.
This is the first in a series of articles that will cover the importance of managing your money effectively whilst betting on horse racing.
You would be surprised just how often this is overlooked by punters, and getting it wrong can be financial suicide.
A popular question that I am asked when members join my service Cheap Men's Nike Air Max 97 CR7 University Red , is ?how much should I bet on each horse?? Another one is ?can I realistically earn £500 per week by using your horse racing tipster service??
Before I go into a little detail here, let me first explain that this is completely the wrong way to go about it.
Why? Well, the answers to those questions all depend on your personal circumstances, and as I would have no idea what your personal finances were (nor would I want to as that is your business of course) Cheap Men's Nike Air VaporMax 2.0 White Pure Platinum , I would be unable to give you an accurate answer.
Before I discuss the money side of things in detail, I would first like to explain about how I do things, and how this may help you decide how to start betting on horse racing in a structured, focused and professional manner.
You Must Look For Value
This may indeed mean a change in philosophy for many punters. I?ve seen many a person in the local bookies purely backing favourite after favourite. Please promise me something Cheap Men's Nike Air VaporMax Moc Cool Grey , do not do this.
Favourites generally win less than a third of the time, and this statistic couple with the prices that you?d receive from betting on favourites, does not make it a long term viable proposition.
Now this is of course a little harder than it sounds, but it is by now means impossible and it is why there are thousands of professional punters out there, making a killing.
What You Should Not Do
Imagine that you walk into a car dealership to purchase a basic family saloon car. You?d have an idea of what you wanted to spend versus what the likely cost of the car is Cheap Men's Nike Air Vapormax Plus Black , wouldn?t you?
So would you be shocked if the salesman approached you, explaining that the Ford Mondeo you were looking at would cost you £250,000? Of course you would. The car is clearly over priced and I imagine that you?d instantly walk away without purchasing the car.