Horse handicappers throughout the years have professed that money management is the key to successful handicapping. I believe this to be 100% accurate nothing could be more truthful. If you don't currently have a money management system the only thing you are handicapping is yourself. There comes a time when you have tell yourself "I have to develop a money management system."
The best part with using a horse racing money management system is that you actually don't have to develop one yourself. At absolutely no cost to yourself here is one that has been used for years by professional horse racing handicappers. I use it myself and its truly amazing!! You can test different methods without losing much money and if its working your profits will soar.
This Money Management Program is Unbelievable
There has been a ton of research on different money management strategies and the findings show this to be very profitable in horse racing.
A.) The majority of one's capital must be allocated to win betting.
B.) Handicappers should be more when they are winning and less when they are losing.
C.) Progressive methods and due-column methods, which require heavier bets after losses until next win bet are ruinous.
D.) The most useful way to evaluate a money management strategy is to submit it to a risk- benefit analysis. The most effective methods minimizing risk while they maximize gain.
The base bet recommended for this money management program starts is $2
This is simply based on BB(Base bet)+ SR(square root of profits)
Using this a handicappers every bet to win is equal to $2 plus the square root of any profits that have accumulated if no profits have accumulated, the bettor's bet remains $2 which is the minimum risk at most tracks. As your profits do grow the bettor finds the amount to be added to $2 by referring to a simple square root table which is below. This method is a low risk to trying different handicapping methods and you can grow your bankroll quickly with the profits. This is something EVERY handicapper should put into place if serious about making money. it's a systematic method for money management and gives one discipline with finances and relieves one of having anxieties that usually result from an unsystematic money management. The $2 base bet of BB + SR assures handicappers that betting is minimal risk.
Here is a small four race sequence in which the first horse lost and the next 3 did win the race to represent this program in practice:
P/L is if this continued for 10 races at this current ratio of win/losses
Base Bet S.R. Total Bet Payoff P/L P/Lx10
#1 $2.00 X $2.00 Loss -$2.00 -$20.00
#2 $2.00 X $2.00 $15.20 $15.20 $112.00
#3 $2.00 $3.00 $5.00 $4.40 $17.20 $172.00
#4 $2.00 $6.00 $4.00 $5.00 $26.20 $262.00
The square root table is listed below.
On Profit Add
Very simply follow this money management program it works. Here are some quick tips being wise with your money.
Never bring more to the track than you plan on wagering.This could be detrimental to your strategy as you begin to make bets that you normally would not because you have an extra $20 or $2000 in your pocket. Use your discipline. I suggest bringing the same amount of money with you each time you go to the track so you form a habit. It should be something you can afford and be comfortable with. Some days you can't cash a ticket to save your life and some days you cannot lose. This coincides with the 10 commandments tomorrow is another day.
If your behind don't panic and start playing 50 to 1 shots to get it all back you are just digging a hole deeper. Actually with the Ultimate Handicapper it reveals a dynamite strategy for capitalizing on the 1000's that do this. Don't be one of them.
I will finish with one last point here some will differ from my opinion but feel its easier to handicap one race and find the one likely to come in second than pick two consecutive winners in a row.