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Turning it Around

Posted by Brian Mulligan on 1/31/2011 10:08:21 AM

Lennon and McCartney may not have been horseplayers but the Beatles were always ahead of the curve and they were right on the money with their song 1964 hit song “I’m a Loser”.

In the world of horse racing, those speculators that avoid the most losses are the ones that are around at the end to talk about it.

Granted, ego is a big part of this game for owners, trainers and gamblers. And all bettors, young, old, novice, expert and ultra successful, have good days and bad.

But it’s not all about making the ego boosting score in a big field. It can also be about making the right decisions on a daily basis and enough right decisions to stay in action.

What horse bettors do to deserve such a losing fate can be seen every day at every track in the country.

Bettors that continue to struggle are the players that don’t have a time tested and proven strategy that wins.

In contrast, a winning bettor takes the time to research and test a method to make sure it can show long-term profits.

In other words, he uses patience like it’s his best friend. They will also test their method with real money making small wagers to learn and understand what really happens before betting seriously.

The thing that successful players do is work hard at their craft. They have discipline and confidence and when they find a method that works they goes back to it again and again.

Face it, for pro and novices bettor on horses is an emotional experience. Whether you are sitting alone in your living room or among thousands at the local emporium live, the pitfalls of the game are screaming at you and just waiting in the wings to take you down.

When horse bettors get frazzled, and we all do, the temptation to make bad bets takes over. And it happens to everybody.

The thing that separates the winning horse bettor and the losing bettor is a game plan, self control, the ability to know that today is not your last day on earth and that if you can pace yourself and learn from mistakes, you’ll be able to come back and bet and win another day.

The best fans around know that if they limit action to the very best winning prospect, the chances that they can make a living at this sport increases exponentially.

Often times, just because bettors don’t want to be wrong, they second guess themselves and start to rely on the chalk.

In this day and age, picking winners is no sure way to try to turn a profit but the successful players are only about making money in a particular race and not so concerned about having the top horse win but surrounding a wager with scenarios that will succeed.

The winners in this sport have short memories. They don’t blame somebody or something else for their losses.

The concept of ‘you win’, ‘you lose’, then move on really works.

It’s also mandatory to have ‘feel’. Clever players cut back during long losing streaks because the most important part of money management is not to let your losses get out of hand.

The non-casual bettor doesn’t chase his money and he makes sure to have a good money management system in place and a large enough bankroll to withstand a losing streak.

The bottom line is to have a master plan of attack. Without one, the end result is inevitable and it isn’t good.

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