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Originally Posted by TheSpyder
OK, I am fed up with my handicapping. I've been doing this for 35+ years and can honestly say I'm a loser. I do it because I love racing and handicapping but something has to change.
I have like a $100 a month bankroll to blow and do a great job doing it. I mostly play exactas, some doubles, and win and place. I use brisnet pp's which I like, but I'm the problem. Besides the occasional big hit, there are just too many gaps between wins.
I'm thinking of just betting to win and cutting down on the races I bet. I don't know why I must bet every race but usually do.
Any suggestions?
Spyder
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I'll echo and expand on others comments that it seems like you're indeed getting good entertainment for your buck. If you are indeed stretching and playing consistent action on just $100 per month, I'll also offer that you have to be doing some good handicapping on many of the races.
I think
GPK (?) offered to increase the size of some wagers. I've mentioned before that it's a rare day that I bet horse racing that I bet more than three to five races, and most normally only one or two. I don't labor over lots of stats and figures, but if I can glance at a card and see something I like among easier elements of racing I routinely follow than I'll target a solid play of maybe $40 to $100 dollars for that race.
Could be win/place depending upon odds and competition.
Likely some $10 or $20 exacta boxes. If the track offers quinella wagers, I'll sometimes take my two top horses and do one straight exacta, and then a quinella. If it hits, it hits nicely enough even with favorites.
In a field of say up to 10 starters, if there are two non-favorites I feel strongly have a chance to hit the board, I might go up to $48 or so on some tri box combos and have had my share of signers on those.
And for me, I'm not one to always try to beat the favorite. If I see a favorite that looks like it's set up nicely going at 6-5, I have no trouble going $50 to win with a chance to profit $60 (though I wouldn't likely be betting place in that scenario).
It's a very rare race I bet less than $30, and a rare race I bet more than $100. I usually bet three to six days per month. It's rare for me to lose more than $200 to $300 in a day, and if it happens two betting days in a row I'll likely lay off betting for a couple weeks, so in that regard my designated monthly betting bankroll can be looked at as being about $400 to $500.
And if I can walk out of the OTB after my designated plays with $50 more than I walked in with I pat myself on the back for a job well enough done. If my plays do well, I'm normally a triple digit winner of some kind and leave to celebrate that as well.
One thing that I have going for me is that I can watch racing live or on television all day and enjoy it without a wager. I've learned that just watching racing isn't enough for everyone.
Not preaching a strategy, but just sharing what has worked for me for the last 8 years with an OTB nearby. And I guess one other quirk I have is that I refuse to bet unless at the track or the OTB. Betting from my home just doesn't give me the same level of enjoyment for some reason. And I do really enjoy placing bets at the OTB, and then come home to watch the races later. So I'm always getting my hand stamped upon exit, just in case.....:-)