There are many who have been successful at betting in horse racing. These people will tell you that betting is more than a game. They will tell you that it is not just luck alone that matters. There are other factors at play that you need to understand and address if you want to become successful at horse racing. Some of the best gamblers will tell you that they can influence the outcome of a race. While most of us rely upon lad luck to win, successful people have a different formula at work. They seem to know which horse to bet upon and this reflects in their success.
Before actually dwelling upon how to become successful at horse racing, it is important to understand what the common mistakes are so that you can rectify them. Well, there are many people who blindly place their bets on the horse that is considered to be the favorite. These people do not factor in anything into their decision making. The harsh reality is that favorites win less than thirty percent of the time. This means that for every ten times you place a bet, the chances of winning are less than three.
Another common mistake that people make is to place their bets based on the valuations. This means people place their bets on the highest valued horse. This is a flawed way. Statistics show that the chances of winning are very less if you are placing your bets based on pricing alone.
If you want to be a consistent winner in horse racing, then there are a few things that you should take into consideration. What this means is that you will have to think in a practical way. When you are betting on horse racing consider the odds, the horse’s previous track record, its current performance record, the jockey and the external factors like track conditions and competition. Once you base your betting decisions on these factors you will see success quite often.