Hey there, so it is your first time at the race track and you are wondering how to pick a horse winner when betting with the racetrack. Well today we are here to tell you it is far easier than one would imagine, the easiest part in fact is deciding which horse to bet on. However below are a few tips to help you in determining how to pick a winner in the world of horse racing. For this we will be focusing on thoroughbred racing.

Pre Race Parade:

Prior to the horses entering the gate each horse does a parade from the stables to the gate, here fans both new and experienced get one last look at the horse before making their final wager on the race. Here are a couple of tips when determining how to pick a winner during the pre race parade:

- Assess the State of Mind: During the parade, there are always a few horses that are nervous and will be uncooperative during the pre race parade. We suggest you avoid these horses as there unstableness in the pre race may be foreshadowing for the actual race.

- Assess the Horses Body: While the horses participate in the pre race parade, one key to determining if a horse may be the winner is by looking at the horse's body. If you can see the horse's ribs this suggests that the horse is super fit and likely has the best odds to win the race.

Event Race Program:

Aside from the pre race parade another way to assess which horse to choose is by looking at the program offered by the race track. Here are two tips:

- Look At the History of the Horse: When looking at the race program, look into the horses history, as you can determine the outcome based on the horses previous races. If a horse has won more than five races, this is a good horse to wager on.

- Look At the Condition of the Track: Some programs depict how a horse has run previously at the track you are watching. If a horse has had previous success either by outright winning or place and showing, then this is the horse you should wager on.

Money management is the key to a successful betting experience. Over the years many patrons of online betting sites have had much success, yet for every successful gambler there are many who have difficulty online as well. Today we look at five essential tips to money management.

1. Beware of the Grind - When gambling for the first time it is important to come to the realization that you will win but you will also lose. The world of gambling is like the stock market it has highs and lows and by setting a budget for yourself, you will not fall victim to the emotional rollercoaster known as the grind. The grind is when you the bettor tries to at the very least break even and this is due to not managing your money properly.

2. Bet Within In your Comfort Zone - Easily the most essential tip of money management. If you are only willing to lay a small percentage of your money, never change this strategy.

3. Don't Chase Your Losses- Similar to the first tip of beware of the grind, chasing your losses will only hurt you in the long run. Within your budget take into account how much you are willing to lose and if your losses get to be more then you anticipated, you should stop betting for the day.

4. Never Bet More Than You Can Lose- As the name of the tip suggests, this is the biggest factor in money management. A gambler who predetermines their losses is more likely to have success at the casino or sportsbook then a gambler who is willing to let a losing streak build in hopes of getting out of it.

5. Don't Let Emotion Be the Deciding Factor- Money management provides the foundation for the most unemotional wagering experience. In essence by predetermining how much you are willing to wager, the only sense of emotion you will receive is joy by the end of the day because your winnings are predetermined.