Keep your lifestyle balanced
It is important to pursue hobbies other than speculation so that it does not take up too much space in your life. Speculation should be a hobby you enjoy with your friends!
Think before you place your bets
Draw up a strategy and study the race, the conditions, the horses’ previous performances, etc. If you listen carefully to the racing professionals and other speculators, you can glean plenty of useful information.
Set yourself a budget
Decide upon a maximum amount that you are willing to wager, and stick to it.
Set a time limit
Decide how long you will allow yourself to speculate for, and stop when you reach the cut-off time.
Be prepared to lose
Don’t forget that racing is a sport… and, like any other sport, the results are never 100% guaranteed.
