How to Make Money Betting on Horse Racing

While there is certainly no guarantee that anyone will win consistently by betting on horse races, recent developments in computer software and handicapping methods have reduced the amount of financial risk. By doing your homework on the horses and race conditions and studying the various mathematical models, you may be able to increase your winnings.

Things You'll Need

  • Horse racing analysis and betting software
  • Online horse racing blogs
  • Daily Racing Form
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Instructions

    • 1

      Make money betting on horse racing by learning how to handicap the horses properly at Predictem.com (see Resources below). This involves tracking the performance of each horse and knowing whether the performance of the horse is improving with maturity or declining with age. In addition, you will need to know how each horse performs in a variety of weather and track conditions and whether there is a synergy between the horse and a particular jockey.

    • 2

      Review all race results on a regular basis by studying copies of the "Daily Racing Form." This periodical, which has been the premier authority on horse racing tips for over 100 years, can be instrumental in teaching you how to handicap properly and win more money. The "Daily Racing Form" is available from most newsstands, at horse racing venues and by direct-mail subscription as well as online downloads.

    • 3

      Read online blogs, available through BlogRankings.com, in order to make more money by betting on horse racing (see Resources below). Most horse racing blogs are moderated and maintained by experts who have developed reliable handicapping systems and are more than willing to share secrets with subscribers. In addition, many of these blogs feature online-discussion forums on which you can swap information about effective betting methods and systems.

    • 4

      Try a variety of software applications that organize betting strategies and analyze horse racing statistics. These programs can help you develop mathematical formulas and handicapping strategies, without risking a cent of your own money. You can even use your own existing handicapping system to compare your success with the track record of the software and improvise a strategy utilizing both methods.

    • 5

      Use online resources, such as All Horse Racing, to make bets online and receive free tips on handicapping (see Resources below).