Betting on horses isn’t like betting on the lottery – risk is at a different level and many of those experienced horse racing experts consider themselves more as investors. They will analyse carefully the key races and opportunities to bet. They will study horse racing form and bet where they think the odds will be in their favour and give them a return on their money. Those gamblers who bet on every race are most likely going the short way to losing their capital altogether. People new to betting on horse races will likely be puzzled by the various different and exotic bets that are available, though, in truth, simple wagers like placing bets for a particular horse to win or have a place or each way bets are easy to understand and more likely, if not to win, lose you less if you keep the bet down to an amount you can afford to lose. But, to be successful at betting on horse racing you should choose certain races based on some key information. This may be “Inside “ information because of some particular knowledge of a horse or better still, using mathematical or statistical information based on analysis or a particular system which removes the “halo” or guessing effect and allows a more detached view of possible winners based on previous records.