Horse Betting Money Management Online Racebooks Horse Betting Money Management

When it comes to betting on horses,your bankroll is your lifeblood. As with any form of gambling, over betting can burn your bankroll without second thought. Horse racing money management is essential for any player who ever plans on making money through the game of horse betting, and you will need to know several basics if you ever plan on surviving at the track. Remember that, as with any form of gambling, the odds are always slated toward the house, thus leaving you in a slightly detrimental position when you start. The only safety zone you really receive is through online racebook bonuses, and these are simply not an option if you continue to do your gambling at the track it self.

bookmakerThe first thing you need to consider is how much you will actually begin with. Your starting bankroll is the most significant variable in all of horse racing. The first step to proper racebook money management is to never bring more than you can afford. If you are gambling when you do not have the extra money to do so - stop. Your initial bankroll should be sizable enough that you can afford to bet and have something left over if you miss each bet you wager. Depending on your income and frugality, anywhere between $100 and $250 dollars is appropriate for most people who do not have access to large quantities of disposable income. Should you, you may not really need to adhere to the horse racing bankroll management. Otherwise, suppose you start with $250 dollars. You should rarely, if ever, wager more than 5% of your total bankroll on one line. This will equal at $12.50 per bet, which is more than enough for some of the more expensive types of wagers. Wheels and box bets can sometimes require more money per wager, at which time you may have to break this most basic rule. Otherwise, for simple bets, always stick to the 5% bankroll maximum.

Losing is never comfortable, but is an inevitability when gambling. You will ultimately be faced with losses, and these losses could be disconcerting. Some players can get slightly emotional due to losses, be it rage or anguish. This can lead people to place larger bets, or take bigger risks to try to recoup their losses. One of the essential rules to racebook bankroll management is that of keeping a cool head. Never take a bet with horrible odds to recoup losses, as this is a surefire way to lose even more money unless you are struck with luck. Furthermore, as the old aphorism states, never put all of your eggs in one basket. If you wantonly throw your money on one horse, hoping for a stroke of luck, you may end up losing your entire investment on one bad call. Remember the 5% rule when placing your wagers or you could end up with nothing.

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Caution is essential when wagering on horses, as this is the only way to remain safe. While losses are inevitable, you can keep losses to a minimum if you adhere to the two simple rules we have outlined for you. Proper horse betting money management is one of the most important changes you can make to your betting scheme, all the while retaining the fun factor of your wagers. Horse betting will rarely make a player rich, though entertainment is never ending. Online racebooks will allow you to enjoy races from around the world, and only through proper bankroll management will you be able stay in the races as long as possible. Failure is always a possibility, and we remind all players to keep a cooler head, as this is the only way in which you will consistently prevail.

Best Online Racebooks for Horse Betting

Rank Online Racebook Reviews Racebook Bonuses Tracks Visit
1 DSI Racebook Review 20% to $500 / 8% Rebate Program 100+ VISIT
2 BookMaker Racebook Review 20% to $500 / 8% Rebate Program 100+ VISIT
3 CaribSports Racebook Review 50% to $250 / 5% Rebate Program 20+ VISIT
4 Bovada Racebook Review 20% - $100 / 3% to 5% Rebate 80+ VISIT
5 BetJamaica Racebook Review 100% to $100 / Up to 7.5% Rebates 120+ VISIT
6 Intertops Racebook Review 25% to $100 10+ VISIT