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The biggest mistake made by beginning players?
That's easy!
They spend all of their time learning how to handicap...and no time at all learning how to BET.
At the OTBs, you see them poring over the past performances until the horses start entering the starting gate...and then they dash to the teller window, and create their bets while waiting in line.
It never occurs to them that learning how to BET is even MORE important than learning how to handicap.
They don't pay you for your handicapping opinions; they pay you for your BETS!
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"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
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