How often should you bet on the horse races to make a profit? There are many theories about the number of good bets that may come along. Many handicappers say that betting on every race is a sure way to go broke. I'd have to agree and my opinion is based on several lines of thought. First of all, if you feel that you want to bet on every horse race it means you want to gamble. While betting on horse races is a gamble, if all you want to do is gamble and the profit isn't your first consideration, you're going to gamble away your money and each bet will be nothing more than the price of a thrill.
On the other hand, if you honestly think you can see a reason to bet on every race you're probably handicapping way too loose. In many races even the best of handicappers is hard pressed to find a good bet. In some cases the horses are too closely matched and so are the odds at post time. In other situations, there is a prohibitive favorite that appears too tough to beat and too cheap to bet. I know that may sound strange and that a prohibitive favorite seems to offer value in some way, but such isn't always the case, even for experienced horse players.
The kind of bet that you play will also have some bearing on how often you bet. If you bet multi-leg wagers you may not necessarily be worried about the odds on a single horse in a race or the payoffs. It is a matter of finding the right combination of odds and horses in order to structure a wager that will find a few longshots and a few horses you can single on in order to keep your wager priced low enough while still offering a possibility of a horse at long odds of making your bet pay.
Even those players who make multi-leg wagers, however, skip some races either because they aren't included in the pick whatever they are playing or because they are too hard to handicap and don't offer one or two live longshots or a reliable favorite or two. In such cases the wise handicapper may skip the multi-leg wager that includes that race.
For most handicappers there may be a few good bets on the card but the handicapper won't know until the race goes to post because he is looking for a good bet based on the odds, not just the probability of a particular horse winning. If you can find three good win bets on a 9 or 10 race card, I think you're doing well.
If you want to learn how a horse owner and insider handicaps just go to http://williewins.homestead.com/truecb.html and get the truth about betting on horses and winning. Bill Peterson is a former race horse owner and professional handicapper. To see all Bill's horse racing material go to Horse Racing Handicapping, Bill's handicapping store.