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Horse Racing Betting Strategy to Avoid Ruin

Gambler’s Ruin is a term that has been applied to several mathematical theorems. The basic idea is that the longer you gamble the more likely you are to lose. That may sound incredibly simple, but how many people try to grind out a living gambling at the horse races day after day and finally tapping out? The first and most obvious point is that when you gamble against a player who has a bigger bankroll than yours, you’re at a disadvantage because he can last throw losing streaks longer than you can so he will eventually win your money. But wait, you say, the horse races are different because I don’t gamble against the track, I gamble against the other players.

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