Yeah, don't bet on them. Horses are unpredictable and probably the most unreliable source for winning. If you are asking this question because you want to invest in a race horse, I give you the same answer: "DON'T DO IT!"

A tip from Kentucky: Have FUN. Take a certain amount to bet, and no more. Take what you can afford to lose. Spend time with friends, enjoy yourself, but don't stress out about losing.

If you are new to this, you should try making imaginary bets using the newspaper, then keep a record of results. In other words, pick horses as if you were at a real race out of the paper, write down what you would have bet, then write down what would have been the outcome. Keep a record for a while, and see how you do. See if you can start to improve results, or decide if this is a good way to flush money down the toilet. It will take you a while to really know, but be realistic with yourself. Another thought: few tipsters at the track often know any more than you, so beware of advice. Finally, as with any gambling, set aside what you are prepared to lose, and go have fun with that and no more than that at any give race. That will keep you out of financial trouble.