Can you make money betting on horses?

The most frequent question we get asked is "Can you really make money betting on horses?", and the simple answer is yes.

However, very few people will show a consistent profit betting on horses because they lack the ability to handicap using a consistent method and they do not have the discipline to adhere to a consistent money management system.

Betmix is a handicapping tool that was developed to provide a consistent approach to handicapping. It allows you to create a handicapping "system" and apply it consistently to each race you look at. If you have created a mix for handicapping 6 furlong Claiming races at Gulfstream, you can instantly handicap every race in the same way. You can certainly do that using the racing form or some other tool, but not with the same speed and exactness that Betmix provides. If you are using the Racing Form, pencils and a calculator to handicap every race at Gulfstream it could take you hours and there is no guarantee that you added up everything correctly or that you didn't miss a key data point for a horse. With Betmix you can handicap an entire card in seconds and see which races you should be playing, and where you might have the best advantage.

When you bet on horses, you are betting against the crowd, not against the house like in a casino. When you win money at the race track you are taking money away from the other people who bet on the same race as you. You have to work harder and be smarter than the people you are playing against in order to win money consistently. Betmix gives you that advantage. You can devise a mix and then test it against historical races to see how it performed over the course of a meet. When you apply that mix to future races you will have the data to prove that you are making a smart choice and be able to bet with confidence.

You can't bet every race. That should be obvious to most players, but it can't be emphasized enough. If you bet every race you encounter you are going to lose money. You have to pick your spots - races where you have determined that a particular horse has a better chance of winning than the rest of the field, and have the numbers and historical data to back it up. Even then, you are not going to win every time, but with a solid money management system you will be able to overcome the losses and show a profit in the long run.


With Betmix you can evaluate every race at every track running today and find the 4 or 5 best opportunities to make a winning bet. If you were looking at a typical Saturday, and had 8 racetracks that you wanted to handicap, each offering 9 races, you would have 72 betting opportunities. If you have a very selective set of mixes that you created, and applied those to each race where your top ranked horse has a strong point advantage you might find 10 races worth betting. You might eventually find that only 5 of those races are worth playing if the horses you selected do not meet your minimum odds criteria (who wants to bet a 3:5 shot?). For arguments sake lets say that 2:1 is the lowest price you will accept and in all 5 of the races you decide to bet the horse is going off at 2:1. If you bet $2 to win on each of those horses in every race you will have bet a total of $10. A winning horse that goes off at odds of 2:1 will return $6.00. You will need to win 2 out of 5 races to show a profit. By being right 40% of the time you can make money betting on 2:1 shots at the racetrack. Of course things don't always line up that simply in the real world. Some horses will be 9:5 or 4:1. The key is to limit your bets, and to bet consistently. Human nature is such that if you lose the first few bets you will either be tempted to bet more on the next race to win back what you have lost, or you will lose your confidence and bet less in order to reduce your potential losses. In either case you are headed for disaster.

Winning money betting on horses demands consistency. Consistency in how you handicap and how you bet. Being consistent in how you handicap is much easier than being consistent in how you bet. People are not robots, and its tough to watch a race where a horse that almost met your handicapping criteria is going off at 15:1 without betting it. Your money management strategy should allow you to play those marginal horses, but not at the same level that you would play your solid picks.

There are several articles and books available on money management, and you can find several systems that should make sense to you. But the purpose of Betmix is handicapping, not money management. We can provide you with a consistent and accurate way to handicap, how you bet those results is up to you. To make money betting on horses you have to be disciplined in both areas.

Get started making money on horse racing by watching the tutorials or trying out the free race of the day.