Okay, repeat after me: “When there’s a particularly worthwhile play later in a day of racing . . . I vow to place that wager as soon as I start betting . . . and then not touch it.”

Of course you know the reason for the vow: Wagering excitement being what it is, we might have the propensity to go through our funds—either from our pockets or in an online account—and not have the wherewithal when our best play comes along. Or we might get distracted and miss getting the bet down on time.

If this hasn’t happened to you, you certainly must know other players who have put themselves in that position. I still recall the extreme whining in the Race Book at Assiniboia Downs, my home track, on Kentucky Derby Day in 2005 when a player who had made an early bet of $40 on the ultimate Derby winner, Giacomo, cancelled his tickets as he was running out of betting money. Giacomo won at odds of 50-1 – which cost him $2,000. More recently I watched with concern as the co-host of my betting group at the Downs whittled down a $30 exactor wager to $10 so he could use the $20 to add to a pick-4 group bet. Yup, the exactor won and the group collected just $250 for the $10 exactor instead of $750 if he had left the original wager in place.

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