Succeeding With Horse Racing Systems - The Importance Of The Right Mental Approach (gapple-63536)

To successfully work a horse racing system you need to approach it with the right mindset - as an investor rather than a gambler.

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The racing industry presents one of the best opportunities going to earn a substantial return on investment yet because of the "mindset" that most people take to the track it is hardly ever realised.

Not that I'm knocking having a punt: Heading to the racetrack on a Saturday afternoon with a few mates to have a few beers and place a few bets can be a fun way to spend your money.

But I'm guessing that if you're reading this article, then you're interested in more than just gambling. You actually want to put a system in place that allows you to earn a consistent income from betting on horse racing.

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Well it certainly can be done but to succeed there is a vital element you simply have to put in place first:

YOU NEED TO APPROACH BETTING ON HORSE RACES AS AN INVESTOR RATHER THAN AS A GAMBLER

1.An investor has a principal amount of money and he is looking for a consistent return on that principal over an extended period of time. A gambler has an amount of money which he is looking for an immediate return on each and every time. The investor views time as a friend, not an enemy.

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2.An investor regards his principle as sacred and will only risk a small percentage of that principle on any given opportunity. A gambler has no real respect for his money and has already (sub-consciously at least) earmarked that money to be lost.

3.An investor has a pre-defined plan for getting a return on his money and will work that plan to achieve his desired outcome. A gambler usually has no plan at all or chops and changes his plans as he goes along.

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Steering Clear Of Unbettable Horse Races - Three out of five horse races are unbettable and this doesn't matter whether favorites or long shots win them. The fact is: The best horse doesn't always win and the fastest horse doesn't always win.

4.An investor expects that he will have losses along the way and doesn't panic when they occur. A gambler panics if he experiences a loss and tries to recoup that loss straight away.

Or to summarise - an investor employs a "business" mindset rather than a "recreational" or worse still "desperate" mindset.

If we look at what investors consider to be good return in other industries: top share fund managers are considered geniuses if they can manage consistent 15% per annum returns; real estate investors are more than happy with a 10% per annum return over the life of their investment; it boggles the mind to consider the opportunity that gamblers throw away when betting on horses.

The fact of the matter is that with a disciplined approach and good money management - a 15-20% return per month is quite easily achieved by betting on horses and all the profits are tax free!

About the author: If you want to know what industry insiders consider to be the best horse racing systems go to http://www.winninghorsesystems.com