Like others said, stick to win or win/place bets. While it has been advised repeatedly on this site that w/p are losing bets, and those people saying so are right, I think for a very small bankroll, learning experience and confidence they are a good place to start.
"Practicing" in free online contests is a great way to develop your skill if you need to keep your bankroll low for now. Slowly you'll find yourself making more complex bets when you recognize races you feel confident in.
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