Do you lose money at the track? A lot? Too much? Well, as far as I’m concerned, losing any amount is too much. The whole idea of going to the dog track, whether you go for business or pleasure, is to go home with more money than you walked in there with.
Most people though – nine out of ten of them – lose money every time they go to the races. This isn’t fun and it’s not good business. Here’s how they lose and what you have to do to go home a winner.
First of all, you have to know what you can afford to spend on bets. Pay your mortgage or rent, pay your bills, buy some groceries, take care of all your other obligations and what you have left is what you have to risk at the greyhound track.
If you don’t do all that first, you’ll be worrying about how you’re going to pay your bills instead of concentrating on handicapping and money management. Put this amount of money – and no more – in your pocket or wallet.
If you can leave them safely somewhere, don’t take your debit or credit cards into the track with you. It’s really tempting when you run out of money to talk yourself into just taking a little more money out of the bank or putting it on a credit card. Don’t do it. That’s a loser’s game.
Go over your program, pick your races – the ones you really feel confident about betting – and plan how much you’re going to spend on them. Write that amount and what you’re going to bet at the top of the race page for each one.
If you’re really impulsive, bet all those bets before the first race, so that you can’t change your mind and talk yourself into betting something else. If you’re the kind of person who can resist temptation, then bet before each race, but I’d recommend the first method to make sure that you don’t make side bets.
Then sit there and watch the races, knowing that you bet what you intended to bet and nothing else. You’ll be one of the few people at the track who’s doing that, believe me. Most of the crowd will be betting things they decide to bet on the spur of the moment.
You’ll be betting smart on dogs that you picked using a good handicapping system and good money management. That’s a combination that only 10% of the track crowd uses to win big at the dog track.