Progressive Betting Method for Horses

Thrilling and exciting often describes horse racing. Winning money at the races makes horse racing even more enjoyable. Professional horse gamblers spend hours studying the field, and it’s an uphill battle to scratch out a profit. There is a money management system called progressive betting that can cut corners to make it possible to win money, even if you have an overall losing record.

  1. Before You Start

    • The most basic progressive system is keying on the favorite to win the race. Typically, the favorite wins about 30 percent of the time. The horse bettor must understand these are averages, so some days it is more often, but it could also be less.

      It all comes down to money management. Before starting, the bettor must decide on his bankroll and how much he is willing to risk and where to start the progression.

      A martingale system doubles the bet with each loss, which means the bettor needs to have a significant bankroll to last through the entire program.

      The minimum bet is $2, and you need to figure out if that is where you want to start the progression. You can bet more, but realize the higher the starting point, the more the bets become with each loss. Your bankroll will determine how much you start with.

    At the Races

    • You are at the track or at the race book. Before the start of the first race, get the racing form, which will contain the program for the day. That will list each race and every horse in the race.

      There will be a morning favorite, but you can’t go to the window right away and bet the favorite. There will be several television screens around, displaying the odds and the minutes to post.

      Pay attention to this and see if the favorite changes. Quite frankly, the morning favorite will not go off at the start of the race as the favorite. With a minute or two remaining to post, see if the favorite has changed. Once you determine which horse is the favorite, place the first bet.

      After the race, if you win, then you have a profit and you start the progression over with race 2. If the favorite did not win, then you have to increase the bet for race 2. With a martingale system, that means a $4 bet. Again, wait to see which horse goes off as the favorite and then place the bet. You repeat the betting with each race until you get a winner. Once you get a winner, you go back to the beginning of the progression with the next race.

    System Means No Guarantee

    • You have to realize that this gambling, and there is no guarantee with any “system.” A system is a way to help money management in order to be profitable. But even so, that does guarantee a winner. The odds may be better and will, hopefully, help your chance of making a profit.