How to Bet the Horses When Your Bankroll Is Getting Low
If you're low on money and betting on horses and planning on solving your money problems by gambling, I'd suggest you stop and think that through. Scared money seldom if ever wins so maybe the best move is to not gamble but to wait until another time in life when you have more money. Losing what little you have won't help the situation, but on the other hand, if your bills are paid and your horse playing bankroll is low, a change in your money management may be in order.
There's a difference between hitting a losing streak and still staying in the game and using the rent money to play the horses. One is a dip in your financial fortune and the other is an act of desperation. As a horse player we all have good times and bad times. Weathering the storms is part of the game.
The first thing to do is to make sure your horse playing isn't having a bad effect on the people you care for and your own health and well being. If you can answer that all is well with them and that part of your life, then let's get to work on a strategy that will get you out of the hole. First and foremost, as horse players, we learn from our experiences. If you haven't been keeping a record of your play, then start immediately and also write down what just happened over the last month or so as you've lost.
If outside distractions are affecting your decision making, then you need to deal with them and get back to betting after the situation is put right. If you can't put it right, then you must come to an agreement with yourself. You must do what you can, agree that's all you can do, then move on.
Start working on money management immediately. Limit bets and only wager when you feel the bet is a profitable one. What do you expect to make on a wager? If you have a percentage you're working on, then stick with that and don't dip below it, no matter how enticing the bet may appear.
Look over your wagering decisions and see if there is a track trend that has changed or a new bias you missed. If so, was it caused by the weather and will the track return to normal of do you have to adjust your play accordingly. Sometimes you have to turn from handicapping the horses to handicapping your own performance. Look at what you've been doing and why and then compare that to the results. Nothing stays the same at the races so you have to continually adapt.
Finally, every one needs a rest now and then. Take time off and go away from the race track. Focus your mind completely on something else for a while and then go back to the races. You may be able to see something that you missed before.
If you're low on money and betting on horses and planning on solving your money problems by gambling, I'd suggest you stop and think that through. Scared money seldom if ever wins so maybe the best move is to not gamble but to wait until another time in life when you have more money. Losing what little you have won't help the situation, but on the other hand, if your bills are paid and your horse playing bankroll is low, a change in your money management may be in order.
There's a difference between hitting a losing streak and still staying in the game and using the rent money to play the horses. One is a dip in your financial fortune and the other is an act of desperation. As a horse player we all have good times and bad times. Weathering the storms is part of the game.
The first thing to do is to make sure your horse playing isn't having a bad effect on the people you care for and your own health and well being. If you can answer that all is well with them and that part of your life, then let's get to work on a strategy that will get you out of the hole. First and foremost, as horse players, we learn from our experiences. If you haven't been keeping a record of your play, then start immediately and also write down what just happened over the last month or so as you've lost.
If outside distractions are affecting your decision making, then you need to deal with them and get back to betting after the situation is put right. If you can't put it right, then you must come to an agreement with yourself. You must do what you can, agree that's all you can do, then move on.
Start working on money management immediately. Limit bets and only wager when you feel the bet is a profitable one. What do you expect to make on a wager? If you have a percentage you're working on, then stick with that and don't dip below it, no matter how enticing the bet may appear.
Look over your wagering decisions and see if there is a track trend that has changed or a new bias you missed. If so, was it caused by the weather and will the track return to normal of do you have to adjust your play accordingly. Sometimes you have to turn from handicapping the horses to handicapping your own performance. Look at what you've been doing and why and then compare that to the results. Nothing stays the same at the races so you have to continually adapt.
Finally, every one needs a rest now and then. Take time off and go away from the race track. Focus your mind completely on something else for a while and then go back to the races. You may be able to see something that you missed before.
