| How long have you been playing the horses and how | | | | each other odds on a horses chances of winning or |
| much do you know about making a profit by | | | | not losing a race. The punters who do it well make a |
| handicapping horse races? If you had to set odds on a | | | | profit, sometimes a lot of profit. If these people can set |
| horse race, take bets on the race and then payout the | | | | a money line well enough to make a profit, it shows |
| winners, could you do it and make a profit? That is | | | | that it can be done. |
| exactly what odds makers do all the time. In gambling | | | | Sometimes they lose which shows that a good |
| cities like Las Vegas, where bookmaking and sports | | | | handicapper can beat them. |
| betting are legal, odds makers set a morning line or an | | | | So if you want to make a profit from by handicapping |
| odds line and then have to pay out the winners and still | | | | horse races, you need to learn to set your own |
| try to make a profit. | | | | morning line and do it well enough to beat the book. It |
| Take a minute and think about that. They have to be | | | | really isn't that different when you are betting against |
| competitive because they are competing for the | | | | the crowd. The principle is still the same. They are |
| bettors money. The bettors will go where they get the | | | | setting a price on a horse based on their estimate of |
| best odds. Years ago, when bookmaking was legal in | | | | its chances and you have to decide whether they are |
| many states, before pari mutual wagering and the | | | | right. |
| modern days of horse racing, there were men who | | | | The best way to do that is with a morning line of your |
| made a living by knowing what a fair price on a horse | | | | own. At first it can be discouraging because the crowd |
| was and setting that price. They didn't make a lot of | | | | is very good at setting a price on a horse, but if you |
| money sometimes and even went broke now and | | | | give yourself at least a month, say 25 racing days or |
| then. | | | | programs, you may find that you develop a knack for |
| On the other hand, many of them were great | | | | it and can set good odds. Once you learn that skill you |
| handicappers. Lay betting in other countries, such as | | | | can begin to make a profit from your horse racing |
| Great Britain, is similar to that. Punters get to offer | | | | handicapping. |