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Avoid chasing your losses in betting on horse racing

February 22, 2019 | By More

It’s an old but important adage. When you want to bet on horse racing, you need to avoid chasing your losses.

If you’re having a bad day, don’t bet up big in the last race to attempt to recoup some of your losses.

You’ll end up getting yourself into an even bigger hole.

Horse races are independent events

Horse races are independent events, each new race is not influenced by what happened in the previous race.

Thus, don’t think you are due for a win when you’ve had a succession of losses.

Equally, if you’re having a successful day, do not increase your stake because your pockets are full.

When you bet on horse racing successfully, make sure you keep the profits for when you have time to plan a new strategy.

If you want to bet on horse racing, it’s important to maintain focus.

Remember your original thoughts on each event and don’t be tempted to load up for a huge windfall unless you’ve planned for it well beforehand.

To be a successful punter requires a disciplined and diligent disposition, not influenced by the rollercoaster of emotions that can happen throughout the day.

Plan your bets before the day begins

A serious punter will bet on horse racing using a defined plan, and stick to it.

When you have a plan, small fluctuations in luck that can cause emotional instability do not come into play.

At the end of the day, you won’t fall into the trap of chasing your losses.

Take note of our racing tips and best bets page to have an optimum selection in every race of the program. That way you have a solid selection protocol throughout the day.

If you’re lucky enough to have free bets to play, you could turn those into real money.

Make sure you set a limit on your betting activities. You can do that easily with Unibet Australia. Best to stick to our favourite corporate bookmaker for your punting needs as we’ve done all the due diligence for you.

When betting ceases to be fun

Some problem gamblers really want to quit betting but they find themselves chasing their losses. This is an awful situation to get into and they should really seek help before their debt spirals uncontrollably.

Winning is a great thrill but when that emotional high affects how you bet, you’re in for some serious heartbreak.

Horse racing may be a terrific sport, but punting is a serious business.

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Category: Punting Advice