Handicapping Tip of the Day #47 – 5 Ways to Conserve Wagering Funds

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Handicapping Tip of the Day

Handicapping tips from agameofskill.com

by Rich Nilsen

One of the biggest challenges horse players face is the ability to manage their money and wager properly without losing focus.  Fail in any aspect of money management and the result is typically disastrous.  Here are a few quick tips that will help you stay on track by conserving your wagering funds and not wasting bets on races you shouldn’t be playing.

  1. Stay Disciplined – Start with a defined bankroll for a set period of time and refuse to add to it.  ATMs and deposit options are out of the question.  Treat that money like an investment fund and work with it to turn a profit.  Have a game plan to start and stay disciplined in your wagering.
  2. Pick Your Spots – It’s alright to play every race if you have a small ‘Action Bankroll’ available.  You can use that to make bare minimum wagers if you lack discipline and absolutely have to have some action on a race.  However, the most important thing is to spot play and hammer those races accordingly.  Keep in mind that it’s simply impossible to have a good or strong opinion on every race. You have to pick your spots.
  3. Avoid Playing Out of Proportion – If your spot-play type of wager is $50 on a race, don’t play $200 on a race because you really love it for whatever reason.  Keep your best bet plays in proportion to one another, otherwise you risk damaging your bankroll and possibly even going on tilt.
  4. Choose Your Races Wisely – play to your strengths.  If conditioned claimers are not your thing, then avoid them at all costs.  If you excel at maiden turf races, then be sure to start with those races when you begin your handicapping for the day.  Choose your races wisely and your bankroll will be rewarded for it.
  5. Variance Happens – Understand that you’re not going to win every race, and worse yet, losing streaks are part of the game.  One of the best horseplayers in the country that I know has a stop limit.  If he loses a set amount of money, he stops for the day.  It’s a simple rule and he sticks to it, no matter what.  If it’s a good enough rule for a guy who successfully puts millions through the pari-mutuel windows every year, then it’s good enough for us.

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About Editor

Rich Nilsen is a 15-time qualifier to the National Horseplayers Championship (NHC), an event he has cashed in four times. He was the first player to finish in the top 10 twice. He cashed on the NHC Tour for 2018 with a 19th overall finish. Rich was also a winner of a $24,000 package into Kentucky Derby Betting Championship I. A former executive with Brisnet.com, Rich is a graduate of the University of Louisville Equine Business Program and is founder of AGameofSkill.com, a site devoted to horse racing education and promotion.

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