Handicapping Tips #5 – Do This With Your Bankroll

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Handicapping tips from agameofskill.com

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.

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About Editor

Rich Nilsen is a 12-time qualifier to the National Handicapping Championship (NHC), an event he has cashed in four times. He was the first player to finish in the top 10 twice. He recently won a $24,000 package into the 2016 Kentucky Derby Betting Championship. A former executive with Brisnet.com, Rich is also a graduate of the University of Louisville Equine Business Program. He is founder of AGameofSkill.com, a site devoted to horse racing education and promotion.

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