| Going to the race track is a lot of fun and millions of | | | | people find it prudent not to gamble with money that |
| people enjoy the sport of horse racing every day. One | | | | should be used to provide the necessities of life. |
| of the nice things about it, of course, is that you can | | | | After you have determined how much money you |
| make a bet on a race if you like. Whether it is a little | | | | can afford to risk at the track, I advise you to leave |
| flutter or a huge wager, having something on a horse | | | | the rest at home and never, ever use an ATM card at |
| in a race makes it even more fun and enjoyable, as | | | | the track. Leave the ATM cards, credit cards, and |
| long as you remember to stay within reasonable limits | | | | extra money at home. Only take the daily limit of your |
| and never bet more than you can afford to lose. | | | | bankroll to the track. |
| That is where the terms money management come | | | | The next move is to decide how many bets you will |
| into play. Now admittedly, money management doesn't | | | | make that day. Let's say there are ten races and you |
| sound like a lot of fun, but the alternative, poverty and | | | | want to have a bet in each race, you adrenaline junky, |
| financial ruin are even less fun, so take a few minutes | | | | you, then divide your bankroll by 10 and use a tenth of |
| to get your financial house in order before you go to | | | | it for each race. If you have $100 and there are ten |
| the races and you'll be glad you did. | | | | races, you will have $10 per race. If you have a best |
| The first consideration is that betting on horse races is | | | | bet for the day and want to bet more on it, simply |
| extremely risky and a big gamble. Therefore, though | | | | reduce your bets on the other races and put the |
| you may not want to think about it, there is always the | | | | leftover amount on your best bet. |
| chance that you will lose all of the money that you | | | | While it is possible to leave the race track with more |
| wager in a day at the races. So it only makes sense, | | | | money than you started with, you just can't depend on |
| then, that you never risk more than you can afford to | | | | that happening everyday, so start with an attitude that |
| lose. Of course, that may be a bit arbitrary. Some | | | | you'll do your best, but if fate is not kind, you will not do |
| people don't think losing the rent money is such a big | | | | anything to hurt yourself, such as losing money you |
| deal since they can always climb down the fire | | | | can't afford. |
| escape to avoid the landlord. On the other hand, most | | | | |