Horse racing winners are wonderful when you find them, but picking winners is not easy. Many times the most obvious choice wins but also pays very little. It isn’t uncommon for a favorite, or “chalk,” as they’re often called, to win the race but pay less than $4 for a $2 bet. The key to making money betting on horses is to find your own comfort zone where the horses win often enough to keep your bankroll supplied and also to pay enough to make the profit you need to make the work of handicapping and spending all that time on the selection and wagering process worthwhile.
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