Working out a strategy for picking winners is not easy. There is such a large number of factors to take into consideration and even the most successful gamblers will often end a day at the races with less cash than they started.

The secret is to devise your own strategy that works over time and this can only be done with testing. When you think you have devised a strategy of picking winners the first thing you need to do is test it without betting any money. Make sure you've given it at least 30 races to see if it produces successful results. To do this work out which horses you believe will win each race then bet a theoretical amount on that horse and write down all the results with amounts won and lost. Then when you have tested your method on at least 30 races see how much money you have won and lost. If at the end of this testing period you feel your profit margin is satisfactory, then, and only then do you start using it with real money. If after 30 races you have achieved little or no profit, think of another strategy and try again. There may only be a small factor you have overlooked in the original method so you don't necessarily have dump your strategy completely.

To be successful you need to develop your strategy over time at first it might only pay back a small profit but as you get more experienced you will be able to fine tune it so that you pick more and more winners. You have to be aware though that a significant minority of people will never be able to find a winning strategy. Unfortunately as with most things some people just won't be able to develop the skills required to be successful. The chances are though, that you will.

It is highly recommended that you keep an accurate note of all your bets and when your horse has lost see if you can work out what factors you may have overlooked when you were assessing the horses chances of winning. By making accurate notes of all your bets you will also be able to see how much you're winning and losing because if you don't the gamblers brain tends to remember the wins a lot more than it remembers the losses. When working out winnings and losses some people like to take account of all expenses incurred in their profit calculations. These may include entry to the racecourse, cost of a racing paper, betting tax etc.

If you want to be successful it's going to take hours of hard work there is no simple formula. If there was everyone would know about it. Whatever the outcome of your new found gambling strategies try not to lose sight of the fact that betting on horses is designed to be a fun activity. The vast majority of people who bet on horses lose money so if you can't seem to find that winning formula you're not alone.