Many people stare at me with their eyes wide open whenever I tell them that I earn a second income from horse racing. Gambling has earned itself a very bad reputation, after destroying many people's lives. Indeed, I would encourage anyone who cannot understand odds and probability, or anyone who thinks that gambling will make them rich overnight, to never bet a single dollar in their life. These are the kind of people who get addicted to gambling and give it a bad reputation.

Profiting from horse racing is certainly possible, provided you have a good horse racing system. After testing various horse racing systems, the best ones usually focus on the favourites, and tend to avoid the more exotic bets that have very little chance of winning.

Making money from horse racing requires extremely good discipline and control of greed. Every horse racing system will encounter winning and losing runs, it is only a result of random probability. What greedy punters tend to do is to increase their stakes to a large amount during winning runs, and ignore the stake amount that their system requires. What they fail to realize is that at the end of every winning run is a losing run, and vice versa. Therefore it is important to maintain discipline.

Before you start using real money on any horse racing system, you may want to paper test it first if you are feeling unsure about the system.

The other crucial factor that determines the profitability of any system is its staking plan. The greatest horse racing system will usually have a staking plan that ensures that you end up with a profit, regardless of the type of results it produces. You can learn about a piece of software that I use to automate selections and stake calculation at the website link below.