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Horse Racing/first invest


hello, as i am novice bettor, how much amount shall i invest to bet on a horse?

Hi, Rohit!

As a novice bettor I would highly recommend that you bet small($2.00 bets) until at such a point that your skill level, confidence and overall understanding of the game of horse racing and handicapping increase.

Also, by betting in small amounts as you start out wagering you will be able to enjoy the game of horse racing and your turf-education without that much mental pressure.

As you understanding of the game and skill level rises you will then(should) be able to increase your own betting to a comfortable amount in which you financially or mentally feel comfortable with. Now, remember betting larger amounts is not for everyone and some people never move beyond the $2.00 betting level and there is nothing wrong with that. You need to see what type of betting you want to be and are able to become, and this will just take some time!

I hope this helps to answer your question!

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Hal Wafer


Hal's Expertise covers the horse racing (pari-mutuel) industry and he can answer all handicapping questions from new fans, novice horseplayers or experienced bettors. His horse racing turf-knowledge is extensive and covers the full scope of the industry from Handicapping, Odds, Handicapping Principles, Handicapping Tournaments, Tournament Mentoring and Industry Operations on Multiple Levels. Additionally, he is the founder of a innovative website that will be LAUNCHING SOON called This website will offer the new fan or novice horseplayer sophisticated tools which will put the new fan on "par" with experienced horseplayers daily at the track or "level" the playing field for the new contest enthusiast in the tournament room!


•NHC Players Committee Member NTRA •Horse Racing Analyst •Treasurer Greyhound Pets of America-Tucson Chapter •Director of Marketing/ Assistant Director of Simulcasting/ Assistant Director of Player Development Tucson Greyhound Park •Technical Gaming Consultant Pacific Productions, Movie "INGENIOUS". INGENIOUS stars Dallas Roberts ("3:10 to Yuma", "Walk the Line") and two-time Academy Award Best Actor Nominee, Jeremy Renner ("The Hurt Locker", "The Town"). •Consultant •Bookmaker/ Oddsmaker Racing Services, de Mexico •Race & Sports Book Operations Coast Hotel & Resorts •Race Book Operations Coast Hotel & Resorts

•NTRA/ NHC Players Committee Member (2010–to-Present) The National Handicapping Championship Players Panel is a 13 member panel that is hand selected. Hal Wafer was only one of three selected to be added to this select committee in 2010. The Players Committee represents tournament players by meeting with the National Thoroughbred Racing Association on a regular basis to discuss suggestions, ideas and concerns of NHC contest participants. This panel is the players voice!

•Published one of the industry’s first “How to Books” on handicapping contests titled “A Survey of Track Handicapping Contests-Rules-Suggestions-Potential” was published in 1999 by Harness Tracks of America, which was used as a guide by The Daily Racing Form and NTRA for creating their National Handicapping Championship • • •Tucson Greyhound Park •Arizona Player Gaming and Entertainment Guide

•University of Arizona Animal Science/Race Track Industry Program 2000 •Pima Community College International Business Studies 1997 •SUNY at Morrisville Journalism Technology & Communications 1996

Awards and Honors
Tournament Success: •Qualified for & Finished 14th in the 2012 Breeders' Cup Betting Challenge which is the richest "live" money tournament in the United States. •Finished 8th at "The Battle of Saratoga" 2012 an NHC Qualifier. •Finished 3rd at "The Southwest Shootout" 2007 at Sunland Park that is a NHC Qualifier for the NHC IX Finals. •Finished *20 at DRF/ NTRA National Handicapping Championship IX held in Las Vegas, NV. •Finished 4th at "The Battle of Saratoga" 2010 an NHC Qualifier which qualified him for the NHC XII. •Finished 5th at Green Valley NHC Qualifier in 2009. Tournament Mentoring Success: •Mentored numerous Tournament players in qualifying for NHC Finals & varying contest championships and cashing-in at these events! Technical Gaming Consultant Pacific Productions, Movie "INGENIOUS" •INGENIOUS stars Dallas Roberts ("3:10 to Yuma", "Walk the Line") and two-time Academy Award Best Actor Nominee, Jeremy Renner ("The Hurt Locker", "The Town").

Past/Present Clients
• • • •California Racing Fairs (C.A.R.F.) •United States Trotting Association •Michigan Harness Horseman's Association

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