How to Use Horse Racing Bet Tracking Software

Horse racing bet tracking software is primarily used to keep track of multiple bets, to record and estimate race statistics and to calculate a betting strategy based upon a set financial objective. This tracking software can also assist in comparing different handicapping systems to your own, so you can determine which strategy is the most consistent and lucrative.

Instructions

Difficulty: Moderate

Things You’ll Need:

• Horse racing bet tracking software

1. Use horse racing bet tracking software to record the details of your betting history. This includes race times, dates, courses, what you have staked and whether you won or lost. The software can accumulate this data and keep a running total of your betting success based upon profit and loss history.
2. Set a financial objective or goal when you use horse racing bet tracking software. By determining a specific monetary figure over a series of races, your bet tracking software can choose a schedule of races and wagers that will have the greatest probability of success for you based upon modern handicapping methods.
3. Compare various handicapping methods, including your own, when you use horse racing bet tracking software. Many software applications allow you to track the success of different betting systems against your own so that you can determine which one will be the most profitable for you. In addition, you will be able to make these comparisons without having to make a single bet.
4. Place a series a multiple bets to achieve a set amount of winnings when you use a particular software package. Most bet tracking software will show you how to bet on multiple horses and multiple races so that you will come out ahead statistically every time. While no software can guarantee such success, it can significantly reduce the risks you take when analyzed correctly.
5. Try online resources, such as File Transit, to use various types of horse racing bet tracking software (see Resources below). File Transit allows you to compare several different types of software by providing trial downloads and free demonstrations.

Tips & Warnings

• Look for bet tracking software that links to the Internet so that you can receive live results from horse racing events. Many software applications feature live toteboards so that you can keep track of your bets and make last-minute changes in your strategy if necessary.