Great Record Keeping Leads to Horse Racing Handicapping Success

Do you cringe when you see horseplayers toss their non-winning tickets on the ground at the track or on the floor of the Off Track Betting (OTB) parlor? You should. Good record keeping in any endeavor leads to success. This not only applies to your cash management, but your handicapping as well.

The Tax Man Cometh

Your tickets are the basis for good record keeping both for cash management purposes as well as handicapping. According to the Internal Revenue Service (IRS), “Gambling income includes, but is not limited to, winnings from lotteries, raffles, horse races, and casinos. It includes cash winnings and also the fair market value of prizes such as cars and trips.”

A winning ticket over $600 (USD) requires the track or OTB to forward your information to the IRS. Commonly called a “signer” in horseplayer parlance, the track has you fill out a form with all the pertinent information required by the IRS and in turn you receive a “W-2G” from the payer. Should your handicapping lead to this kind of success, it is very important to save your losing tickets. You can then offset your winnings.

In order to offset your winnings you must claim your full winnings on line 21 on IRS form 1040 (2009) and then deduct your losses on IRS form 1040, schedule A. Your losses claimed cannot exceed your total winnings. However to do so you must have accurate back-up records. Again, according to the IRS, these records must include date and type of wager, name and address or location of gambling venue, amount won or lost, and believe it or not, the names of the people with you. Those tickets contain most of this information, which is why they are so important.

Record Keeping for Handicapping Success

Those tickets are important as are the notations you make on your past performance sheets for each race. Utilizing this combined information can lead you to further handicapping success. It enables you to see what type of race (conditions) you handicap the best. With accurate record keeping you can go back and examine what wagering angles you are good at and what you missed in certain types of races. More importantly, you can evaluate your overall handicapping statistics. Great records that help you analyze race-by-race, conditions by conditions, distance-by-distance, trainers and jockeys, and wagering interests (horses) give you a superb review of your strengths and weaknesses in your handicapping. Careful notations of key horse performances help you identify those that are improving which in turn helps you make a great choice next time out.

Great record keeping will lead you to handicapping success and keep the taxman from muddying up your day. Start now. Begin your journey to handicapping success.

Winner, Winner Chicken Dinner: How a Basic Horse Betting System Works

Winner, winner chicken dinner: How a basic horse betting system works?

Gambling is in the genes of many people. And, men especially love this form of recreation. Legit gambling sessions are available on various sports and various things. However the most common form of gambling is the horse racing gambling. Bets are placed upon the outcome of horse races, and the winning horse and his or her backer takes them all.

So what are the types of system the gamblers use in order win big?

Horse Race Gambling Systems are widely available over the internet; in fact many websites always promote the use of these systems. Betting systems are a great way to understand what type of bet you need to put on in an upcoming race so that you can win that big prize. In fact betting via the help and aid of these systems can actually yield good and positive results for you. This is because of the fact that these systems have been made and hooked up only to give out accurate results when it comes to betting. And, since accurate results are pretty important in the field of horse betting, it is actually a win win situation for all.

What do these systems take into account when they make a prediction?

As we know, making predictions out of the thin air is not a joking matter. Of course, inputs are very vital too. Even top rated tipsters and pundits look for background history before they make a prediction.

It is the same with these horse race staking systems. These systems take the aid of statistics and mathematics; and then need the data so that they can analyze it. These types of analysis are pretty helpful in an event where you need to make predictions as per the given data. And, all the horse race tipping services provide bet makers with these accurate finds so that they can place bets on winning horses. Of course, in return these service providers charge the bet makers; however it is understood to be a mutually beneficial thing.

What are the other inputs that these systems take?

Well, these horse race professional gamblers rely on data like horse’s current form, the jockey’s current form, the draw of lots and other things. In fact, some of the betting systems also include various odds and other minuet details so that correct information can be given out to all bet makers. All this is done to make sure that the prediction is more than accurate.

Horse Racing Service From Ex-Jockey – Critical Overview

There are people who like to watch Horse Racing Games and people who like Horse Betting. Then there are people who want to do much more! Betting on Race Horses for them is more than entertainment; it is a profitable business. They take sports gambling seriously and want to make a consistent profit. If this is you, then Horse Racing Service From Ex-Jockey is for you. This service offers you everything you need to be successful in horse betting. It gives you all the information and tips for that low risk, high payoff venture that you are looking for.

Most Horse Race Betting Professionals are always looking for that unique system or a betting service that guarantees big results. Maybe you’ve seen other services out there that are advertised in racing magazines, or seen Internet ads on racing. Some of the information give is insufficient and some have many requirements of the better and offer little in return. Rarely do these services turn out to be anything of substance. The only winners are the ones selling the service.

With Horse Racing Service From Ex-Jockey, you get the advice of a team of professional ex-jockeys. They will provide you with numerous tips on races every week. This number of races you get will always depend on the number of horses that have the best chance of winning and horses that meet their criteria.

The jockeys with Horse Racing Service From Ex-Jockey will be supplying you with all the information you need to get the most optimum Racing Results. These Horse Track Jockeys are in the know. They have worked all over the country and around the world. They have worked with the best. They have some of the best contacts available. These ex-jockeys are privy to information long before it goes public. They know all the private goings on of the horses, the drivers, the jockeys, and the trainers, and even the stables. Put it this way – it they don’t know what is going on in the field of racing, then no one does.

You can get a monthly membership for this Live Horse Racing Service and be up-to-date at all times. Day by day, you will know what is happening on the track. By joining this service, you are improving your odds of success at the track more than you could ever imagine. You can go on-line and read reviews of people who have used this service and are actually making a living by betting on racing. What could be better than that?

This product offers what other services do not. Horse Racing Service From Ex-Jockey It is not a typical tipping service. It does far more than just supply tips. With this service, you will get Racing Schedules, results, online news, live audio and video feeds, anything else you can think of. This service also offers you a wide sport database, which covers almost every sport in over twenty-three countries. You even get to bet free when it comes time for the American Triple Crown.