Typically, it takes awhile to get good at horse betting, so don’t get down on yourself if you lose some money upfront. Being a degenerate gambler is not really about how much you make, money-wise; it’s more about the thrill of the game, being a savvy operator, and beating the odds. Always check and see what odds the TAB and bookies are offering and take the one, which will provide the best return. Horses that are true odds on's chances are generally very short in the betting ring, often odds on. You are very lucky if you can get better than 6/4. Of course there are also plenty of true 2/1 and 3/1 chances or even worse that are offered at 6/4 in the betting ring. Bettors generally take the short odds because they feel comfortable knowing plenty of money has gone on the horse. If they lose, many other bettors lose along with them. That is also why many media tipsters like tipping the short priced favorites. They know there is no value backing most of these horses, but because they accept that their tips are going to lose overall they want the comfort of being incorrect in the same way as most other judges.
By the way, you should know that, Horse Racing is not the only thing out there to gamble on. For instance, you can bet on one of The 7 Teams that Will Win the Stanley Cup in 2015.
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