Making money by betting on horse races and handicapping races often requires you to think out of the box, so to speak. When looking over the past performances you will see the same information that many other people see. Though you may reach different conclusions than some handicappers, you will often reach about the same conclusion as many. The odds on the toteboard will attest to the merits of each runner.

So how do you get an edge and make a living from horse racing? You must see more and do more. It isn’t easy, but you must be observant. One thing to keep an eye on is the weather and especially the wind. Whether handicapping Thoroughbreds or Standardbreds, the weather plays a big part in how each horse performs.

When you see a strong wind blowing down the stretch it tell you that it will be right in the face of the horses in the lead and those that follow will be able to draft along behind with less effort. If it is a tail wind up the backstretch and your horse is going to swing out and make a move then with no cover behind, then it will benefit your horse because it will push him or her along. Does that sound crazy? Do you doubt that a thousand pound horse can be affected by the wind?

Consider this, horse races are often won by inches. A twenty or thirty mile an hour wind pushing against the horse all the way through the stretch does have an effect on it. I never raced horses but I have driven them to exercise them and I can tell you from personal experience that a strong wind does slow them down and tire them out.

If you follow harness races you know that horses who race with cover, a horse directly in front, have more energy at the end of the race. That happens even on days when there is now wind. Imagine how much more of an effect it has when there is a strong wind pushing against the horse in front. So if you are at the race track, or even watching the races on a monitor, pay attention to the wind and use the information in your handicapping.

If you are trying to decide between two evenly matched horses, give an edge to the one who benefits from the wind, if it is windy. Nature is a factor in horse races because they are subjects to the same laws of the natural world like all creatures. That slight edge gained or lost by the wind can make a big difference. On a windy day, you may bet closers or early speed, depending on the wind. Call it a wind bias.

If you want to learn how a horse owner and insider handicaps just go to http://williewins.homestead.com/truecb.html and get the truth. Bill Peterson is a former horse race owner and professional handicapper. To see all Bill’s horse racing material go to Horse Racing Handicapping, Bill’s handicapping store.

Betting on horse racing is probably something your mother won’t approve of – especially if you are making a living from it. Even the odds are overwhelmingly against you, many professional punters make a lot of money at the races. Every day you hear of guys who make it big at the races. Unfortunately you never hear about all their previous losses and often the big names in the racing world can get wiped out overnight simply because they take too much risk. Betting on horse racing is meant to be fun first and foremost. Anything more than that can land you in trouble.

The golden rule of betting is that you should never bet more than you are willing to lose. Betting more will leave you a nervous wreck. Remember that the odds are always against you. So, how can you improve your chances of winning?

One of the easiest ways to win more and lose less is simply to understand this principal:

The favorites in a race are almost always bad picks. Their odds are bad and you will have to spend a lot to make a little. If you lose you will lose a lot simply because you had to bet more to make something. Fortunately the flipside is also true. If you bet on horse further down the field with better odds you can make more by spending less simply because their odds are better. When you do lose, you won’t lose your shirt.

The real secret to making money at the races is to limit your losses and to maximize your winnings. This is only possible by betting on good odds. The trouble is that often times the horses down the race are donkeys, but in amongst the donkeys there is always a winner. Statistically the favorites don’t win as often as those horses further down the field.

You might want to start looking at some horse racing systems to find out how you can eliminate horses from the field and find the winners in amongst the donkeys. In every race there are great horses that aren’t tipped as the favorite. There are also some horses that simply cannot win or even those that just have a statistical disadvantage. All you have to do is to systematically go through the race line up and eliminate all the horses that cannot win. You will usually be left with only a handful of choices which makes betting a lot easier.

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Citation was bred and owned by the mythical Calumet Farms in Lexington, Kentucky, and he was thoroughbred racing’s eighth Triple Crown winner, taking the Kentucky Derby, the Preakness, and the Belmont in 1948 under legendary Hall-Of-Fame jockey Eddie Arcaro. Citation was at first ridden by Eddie Snyder as a juvenile colt, but Snyder shockingly drowned while fishing in Florida. When Citation went on to capture the Kentucky Derby, Arcaro, who was a buddy of Snyder, gave some of his slice of the purse cash to Snyder’s widow. That shows you a little bit about the kind of guy Arcaro was off the track.

Citation had compiled a record of twenty-seven victories and two place finishes from twenty-nine races by the end of his 3 year old campaign, and his career purse winnings stood at $865,150. As expected, Citation was named equine athlete of the year in 1948. Citation did not make it to the races as a 4 year old due to a series of physical setbacks, but he came back at five and ran his successive race winning streak to sixteen with a smashing victory at Hollywood Park.

At 6, he topped off his amazing career with a win in the Hollywood Gold Cup that made him $1,000,000 greenback career earner, and he then returned to Calumet Farms where he embarked on a career at stud. Citation was truly one of the greats, and his name will always be preserved in the annals of thoroughbred horse racing history. Time will tell if the 2010 Kentucky Derby sets the stage for the next Triple Crown winner to enter the national consciousness.

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One of the very first things that you need to understand if you want to become a winning handicapper, at Churchill Downs or any other track, is the fact that you are not betting against the track. The house is going to take their cut off the top of the total handle, and they couldn’t care less who wins the races. When you make a wager on a horse race, you are actually engaged in a competition with the other fans at the track. It is the bettors who set the odds, not the track, so the way to win is to know more than the next guy and identify value within the odds that the people have set.

The way to do that is to consider factors that most people overlook. It has been my experience that one of these factors is trainer angles. It is the trainer who decides what race his horse is going to run in, so he does more than just hang around the track early in the morning with a stop watch. He has some important management decisions to make. So, when you see a trainer who never wins, he probably doesn’t have very good stock – but on top of that, he probably doesn’t place his horses in the correct races either. Successful trainers have good horses that are well conditioned, but they are also savvy enough to enter them in races that they have a chance to win.

I especially like to identify trainers who don’t start many horses at a given track, but when they do, the horses always run well, usually at long odds. This is actually one of the strongest angles that I have ever recognized in my decades of handicapping the horses, and I strongly recommend looking for these situations and capitalizing on them when they present themselves.

In summary, in a horse race, the animal matters as we all know. But the human beings who are making the decisions are very important as well, and the wise handicapper places a huge emphasis on trainer trends and statistics when betting at the Churchill.

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The Oiler System of pari-mutuel betting has not changed in principle. It varies in localities only in its application. In some sections of Australia and New Zealand a bet to win also carries a bet to place and sometimes to show. The larger share, 60 to 70 per cent, is allocated to the win pool and the balance to the place and show pools, but all the money bet on a race, less legal deductions, is divided among holders of winning tickets on the race.

The operation of the system was somewhat crude in the beginning. Oiler prepared stacks of tickets for each horse in a race. In order to keep the various stacks of tickets separated, he fashioned a series of compartments in a crude wooden box. In compartment Number 1, all tickets in the stack bore the large number 1; in compartment Number 2, all the tickets in the stack bore the number 2; and so on.

The next thing necessary was to identify the race on each ticket. Eventually he added the number of the race to the ticket number and consequently had to have separate stacks of tickets for each race. As time went on, he consecutively numbered the tickets in each stack in smaller figures and gradually made other improvements. For purposes of keeping a running record of ticket sales on each horse in a race, he devised hand-operated tallying machines which also recorded the total sales on all horses in a race. Its operation was similar to that of the modern hand tally clock but on a larger scale.

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