Is Anyone Making Money Handicapping Horse Races and If So, HOW?

As you leave the race track, OTB, or racino with your pockets empty, you may ask yourself, and anyone who will listen, if anyone ever really makes money at the race track. The tough part of this is that if someone is managing to beat the odds and making money, he or she isn't announcing it to the world. Of course, there are always those hucksters who are trying to sell their system and claiming that making money at the race track is as easy as falling off a log, but that is just advertising copy.

The truth of the matter is more difficult to get to. I've been going to horse races for 50+ years and here is what I've learned as a horse owner, groom, handicapper. It is darned difficult to make a living at the race track whether you are a handicapper, trainer, jockey, groom. It is just a tough competitive business, and yet, that is part of the allure. Some of us like doing things that are difficult.

Yes, you can make a profit betting on horse races, but here is what you must do, and believe me it isn't easy. First of all, plan on devoting yourself to it. Learn and keep learning, because though you may make a profit this year, I guarantee that by next year some things will have changed. You must be observant. Handicapping horse races is an intellectual sport. You must be smart or work harder to make up for it, if you can.

There is some cheating that goes on and then there are the vagaries of horse racing, horse racing luck, or chance, call it what you will. Sometimes a lost shoe will empty your pockets, you can blame the farrier who didn't get that nail quite right, or you can just shrug it off and say that the next time the other guy will lose because of that lose shoe and you will win.

That brings up another very important point. You must be philosophical. If you take it all to heart or feel that the universe is against you, you won't succeed at horseracing, probably not at anything else, either. You must care enough to be careful and work hard, but not so much that you can't take the ups and downs.

Keep notes, pay attention to everything, including the jockeys and trainers in the saddling ring the equipment the horse's are wearing or not wearing, post position stats and of course the track bias. Finally, don't get yourself into financial trouble chasing that dream because scared money doesn't win. Yes some people, maybe you, can win money, even make a profit, but it isn't easy or always fun, but like anything worth doing it is worth doing right and putting in the work.


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