Horse racing betting is one of the most difficult sports to predict, and the only way to try to make a profit in tough competitions like the Breeders Cup, in the long run, is to work hard.

This will likely turn up the nose for all those who think making horse racing predictions is easy. Also, it’s worth debunking the myth that professional gamblers lead a comfortable and glamorous lifestyle when in reality, being profitable means studying hours and hours to find value in the odds.

Having the Right Mindset

Success in horse race betting, just like in other fields, is not measured daily but over the long term, a period during which an enormous amount of work can take years to do.

Getting into this long-term earnings mindset is critical if you want to make money even in the short term. Don’t get too excited about a single win; don’t get discouraged when you’re in a bad spot. Always remember that even the most astute and experienced punters in the world don’t always win, in fact, defeat is inherent in the game.

It would be best to find confidence in your methods and have the ability to find value and make the most of a horse racing betting opportunity when it presents itself.

Here are some tips that might help you to become a better player in the long run.

Budget Management

Knowing how to manage your budget and the amounts to bet is one of the most important aspects of betting profitably. This might sound boring to you, and sometimes you might even feel more like an accountant than a gambler, but straying from your plan can be very damaging, whether it’s a low or a high bet.

There are different horse racing betting plans, and they all have advantages and disadvantages. Finding a method that suits your betting style is very important if you want to take the betting world seriously.

Some prefer to place higher bets on low-odds horses, others bet on high-odds horses to maximize potential profit, while others still don’t have a set plan and bet on both.

There are many ways to look for a betting plan, but finding the one that best suits the types of horses you want to bet on is crucial.

Coaches/Jockeys’ Opinions

Ignore pre-game comments and opinions from coaches and jockeys. Even the best jockeys are notoriously bad at providing information.

One of the worst mistakes a bettor can make is being persuaded to bet on a horse based on the positive opinion of a trainer and jockey. If you have studied the race, the horses, the jockeys, and the track well, you should have enough information and the confidence to not be influenced by the comments of others.

Having analyzed the race and horse history, as well as its family tree, you will already have a good idea whether a horse will stay on the good part of the track or not. So mostly try and avoid listening to comments from a coach and jockey.

It’s about having confidence in your work. Don’t put yourself in a position to feel remorse and blame someone else for you losing a bet.

Study Past Races

Studying is an absolutely crucial part that cannot be missed from any good bettor’s quiver. Knowing how to read the information is vital. Still, you must also be able to identify aspects and data that don’t immediately grab your attention, and the only way to do that is to continually watch these races.

Another important point to remember is that you don’t just have to look at the final stages of a race. In fact, it is a bad habit that will lead you to suffer losses in the long run.

Many races are won or lost at the start or with a crash in the middle of the race.

Choose the Best Odds From Bookmakers

Try to take hold of any advantages that betting sites might offer you, as long as it does not negatively affect the “relationship” between you and the operator with which you operate.

You must realize that there is a risk to it if you continue to win, perhaps even taking the advantage of the wrong or overly generous odds, the bookmaker may close your account.

One thing is for sure, your gaming account won’t last long if you start placing $100 winning bets at high odds. Likely, the bookmaker will soon limit your bets, allowing you to bet just a few dollars.

Open multiple accounts with different bookmakers to opt for the best odds. Some websites compare the odds to make your life easier without wandering around the web. In the case of the Breeder’s Cup, here is a breakdown of Breeders Cup odds.

Discipline

Discipline is probably one of the most important aspects for long-term success, especially nowadays when everyone can use mobile betting apps. How often have you been in the bar or pub with friends and thought about betting on the game being broadcast on TV?

But if you want to take betting seriously, this sort of thing should definitely be avoided. Your decisions should be thought through and made based on extensive research. Without discipline, it is very easy to ruin all the hard work that has been done.

Being disciplined also means not chasing losses and remember that there will be days when you will lose.

Be Proactive

Keep in mind that when you find your winning betting method, it doesn’t take long for other bettors to imitate it, or this method can quickly become unprofitable.

Therefore, you will have to spend a lot of time researching potential new strategies, although there may be a good chance that these experiments will not be successful.

Successful bettors are the first to identify and experiment with new markets, technologies, and strategies. Like in life, if you stand still and don’t open up to the news, other people will eventually overtake you. The most proactive and versatile bettors are those who always break new ground.

Conclusion

The Breeder’s Cup is fast approaching, and it’s never too late to start preparing for the bets. We have listed some key approaches you can apply to your horse racing gambling activities to improve your win rate. We hope you apply them and share your result in the long run. Thanks for reading!

Photo: Courtney Snow, Past The Wire