Building a strategy for success for virtual horse racing betting follows much the same pattern for betting on real-life sports. If you follow the steps outlined below, you should be able to formulate a betting strategy that will bring you success at virtual horse racing betting sites. Make sure you properly understand odds and the types of bets that can be placed on virtual horse racing events. You need this knowledge to form a base for the rest of your strategy. Study the form. Even though the horses are merely collections of pixels controlled by a Random Number Generator, their form and designated abilities still play a major role in the results of races. Spread your stakes over several small bets rather than one large one. Betting is all about entertainment and experiencing the thrill of winning. Placing all of your available bankroll on one race therefore seriously reduces the amount of entertainment on offer. It also makes things much more stressful, as you will either be ecstatic or depressed when your selection wins or loses, and the greater likelihood is that you will end up depressed. Placing several small bets means that if your first one loses, you can look forward to the next race, which might bring more success. Manage your bankroll carefully at all times and never bet more than you can afford to lose. Any poker player will remind you of the importance of always keeping a close check on your money. You must select appropriate stake sizes as betting big and losing could see you in a situation where you are chasing your losses. This is where you place a series of ever bigger, ever riskier bets and it can spiral out of control. Never bet when you are feeling stressed, down or angry. Betting when you are in certain emotional states can be a mistake. If you are looking to relieve stress or betting out of frustration you should stop. In this kind of state of mind, you are much more likely to make unwise decisions that can end up costing you. Walk away if you feel like this. You can always come back to it later. .