How To Pick Long Shots
A step by step guide to finding extreme value at the race track
Handicapping Selections by Christian Blake
Money Management
If you're a weekend player, money management isn't that critical because (in my opinion) you're just playing for fun. If you take the game seriously and want to take a real stab at playing the ponies for a living, then you shouldn't wager more than 1% of your bankroll. Thus, if you have $10,000 as a bankroll, your maximum wager should not exceed $100. You should also adjust your wager amount after 15-20 wagers. If you miss 20 bets in a row, then your bankroll is now down to $8,000 and you should readjust your 1% wagering limit to $80.
It's important to know when you're relying too much on one specific horse to win. If you place a WIN bet, then an Exacta with your selection on top, then a Pick 3 with your horse keyed in one leg, and then a Pick 4 with your horse keyed again, guess what? If your primary pick loses, you will lose every one of your bets.