Handicapping Tip of the Day - Budget Your Wagering Dollars
One of the most important aspects of the game for horseplayers is to wager with money that they are comfortable losing. Sure, no one wants to or plans to lose money when they play the horses, but you also don’t want to be risking the rent money, either. Regardless, you should have a separate budget for investing in horse racing. By keeping wagering dollars apart from your personal funds, you can avoid any confusion…and most importantly, any problems.
The additional benefit of having a separate fund for wagering is that you can then budget from within that pool of funds. Ideally, you should never risk more than five percent of your dollar wagering budget in any one race. Wagering on horses can oftentimes be a streaky proposition. By budgeting your dollars appropriately and professionally, you can withstand a losing streak. When you have the money situation under control, your chances for success rise dramatically.