The most successful horse bettors have mastered risk management and handicapping. While chance does play a part, the most successful bettors depend on thorough study, statistical analysis, and a profound comprehension of the variables affecting a horse's performance. Famous for their ability to spot value bets and often generate a profit from their wagers are names like Steven Crist, a well-respected handicapper and writer on horse racing, and Bill Benter, a former math teacher turned professional gambler. To achieve long-term success, the most successful bettors often stay anonymous while discreetly implementing their plans and prudently managing their bankrolls.