After even just a couple of months of laying timely wagers and paying attention to race outcomes, a beginning bettor can get a better understanding of horses, jockeys, tracks, surface types and racing conditions and make more informed wagers later. Every race has a right way to bet it, but even the right way doesn’t assure a win. It does, however, make it possible for the smart and informed bettor to manager his or her money properly and choose the races that are most likely to result in tickets being cashed for real money instead of being torn up in frustration.