How to bet on dogs is a very complicated subject. One of the most important parts of winning at the dog track is money management. No matter how good you are at picking winners, if you don’t know how to bet, you can still lose money.
This is why you have to know one very important thing before you can figure out how much to bet on any program. You have to know what your personal percentage of winning to losing is. In other words, what is the ratio of winning to losing on the bets you make?
If you bet $100 and win $500, then your ratio is 5 to 1. That means that – on average – you’ll make $400 for every $100 you bet, because you also have to consider the original $100 you put up. This means that you can go for 4 bets before you lose money, on average. This is a guide to how much you should bet, but it also has to fit with how much you have in your bankroll.
Of course, only you can decide how much money you can comfortably risk without getting into financial trouble if you have a losing streak. If you only have $20 of “fun” money, then that’s all you should bet. If you know that you win about 4 times as much as you lose, then you’d probably want to bet no more than $5 a race out of that $20.
Betting is probably the most important part of staying ahead at the dog track. Yet, most people just do it without planning. Whatever they have in their pocket is what they bet. This is no way to make money.
