The term handicapping refers to the practice of evaluating horses to determine the chance each horse has at winning the race. The reason that gamblers evaluate all the horses on the field is that long shots sometimes win races. Seasoned gamblers research horses before they bet on horse race.
If a horse has a shot at winning a race, the odds that it will win can be easily determined. For example, if a race took place ten times and the horse won one time, it would have a one in ten shot at winning. When a horse has 20-1 odds, the gambler may be able to double their money. Handicappers succeed with odds like this by betting on the same horse in multiple races.
They believe that their horse will eventually win a race. People who are considering betting on horse races need to be aware that there is some risk involved. Sometimes bets will pay out large sums of money. However, winning consistently is difficult. Experts believe that the emotional nature of human beings can negatively impact their gambling decisions. Many gamblers allow their emotions to get in the way of making a good decision. In order to evaluate and analyze risk, gamblers must have sound judgement. Those who place bets based on a combination of gut feelings and research are more likely to win money.