Horse Betting - My Personal Experience

Horse Betting - My Personal Experience

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Money management applies every bit as much to an online betting experience as it does "in the shop", perhaps more so. When you're in a betting shop and you have a couple of losing bets, and you're running short on cash, you can easily see that you're running short on money. Online, the danger is that you just type in your credit card details without worrying too much. The problem comes home when the credit card bill comes in.



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If you have a $7000, $5000, and $2000 card with payments of $150, $125, and $100, you will finish paying off the $2000 card first. Once it is paid off, you take that $100 and put it towards the $5000 credit card. That means you are now paying $225/month. You have increased your payments which will pay off that credit card sooner and will have you paying a lot less in interest. Once that is paid off, you apply the $225 to the $7000 card, making your monthly payment $375. This will greatly accelerate the payment of this card, reducing your interest payments even further. When everything is paid off, you now have $375/month extra to put towards savings or investments!

Before the internet revolutionized horse racing betting, you would have to drive to the track to place your bets and enjoy the races. But now with countless online betting sites you can not only bet and enjoy the races without stepping out of dp boss the door you can place bets on races run throughout the world.

Of course, you have to bet less if you have been losing and bet more if you are winning. Of course, you have to be disciplined in not trying to bet more to chase your losses. This will most likely lead you to losing more.

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