Horse Race Betting, Horse Handicappers, and Playing it safe ?
Horse Race tracks establish common betting pools for each type of wager in a race and deducts a certain percentage as a commission (Approximately 15-29%) depending on the type
of wager, before returning the rest of the money to the winning bettors.
We are surprised day after day at the track as we see folks betting the Favorites, so we decided to interview a few of them for our video series on horse handicapping and wagering.
Many of the interviews indicated that people just wanted to play it safe, and decided to go with the flow. We tried to explain that the flow loses most of the time, and that they are actually wagering against the other people wagering at the park, and that their odds fluctuate according to how much money is wagered on each horse.
After they went to our website and learned some basic betting knowledge, and advanced betting strategies we got some feedback that their winning bets were coming in more often.
I suppose the most compelling reason they changed their minds is that they actually met someone that makes a comfortable living betting on horse races. These people were happy to win once out of every 8 races, and console themselves that they could have lost more !
When they met someone that consistently made profits, and has to hire an accountant to report his winnings to the IRS every year, they were flabbergasted !
What did they learn TO DO ?
- Never Bet 1st and 2nd choices in an exacta or a trifecta
- If a Heavy favorite looks difficult to beat, bet it as an anchor in a pick3
(See Advanced Betting Techniques)
- Do your homework in advance before arriving at the track.
- Make sure to include all handicapping criteria.
- Weight handicapping criteria in order of importance.
- Make sure that the return is worth the investment.
- Be consistent in your betting.
- Bet only the tracks that you know best.
- Bet the tracks where you get the best ROI.
- Consider horses that have won at the track that you are betting.
- Consider horses that do their best at todays distance and surface.
- Bet your own picks not who "they" are betting.
- Pay Attention to the Jockeys and the Trainers.
- Study The horses past history, including when the last race was and the lifetime best speed.
What did they learn NOT TO DO ?
- Do not be influenced by odds.
- Do not bet tips
- Do not bet a favorite under 9 to 5 to win.
- Do not bet to show
- Do not bet a Heavy favorite on top in an exacta or trifecta with under 8 horses.
- Do not feel that you have to bet every race.
- Do not bet when track conditions change.
- Do not bet numbers or names.
- Do not bet on a trainer that has not won at the meet after the meet has run for 30 days.
- Do not bet a jockey that has not won at the meet after the meet has run for 30 days.
- Pay Attention to the Jockeys and the Trainers.
- Study The horses past history, including when the last race was and the lifetime best speed.
- Do not be afraid to pass races that have no value.
Many people lose money at this, simply because they bet every race. You must wait for the right
opportunity before you wager your hard earned cash. As sure as the sun will rise every day,
so will an opportunity show up for you to act upon. You can be part of the few that regards
horse wagering as horse investing, and that just makes good horse cents !
of wager, before returning the rest of the money to the winning bettors.
We are surprised day after day at the track as we see folks betting the Favorites, so we decided to interview a few of them for our video series on horse handicapping and wagering.
Many of the interviews indicated that people just wanted to play it safe, and decided to go with the flow. We tried to explain that the flow loses most of the time, and that they are actually wagering against the other people wagering at the park, and that their odds fluctuate according to how much money is wagered on each horse.
After they went to our website and learned some basic betting knowledge, and advanced betting strategies we got some feedback that their winning bets were coming in more often.
I suppose the most compelling reason they changed their minds is that they actually met someone that makes a comfortable living betting on horse races. These people were happy to win once out of every 8 races, and console themselves that they could have lost more !
When they met someone that consistently made profits, and has to hire an accountant to report his winnings to the IRS every year, they were flabbergasted !
What did they learn TO DO ?
- Never Bet 1st and 2nd choices in an exacta or a trifecta
- If a Heavy favorite looks difficult to beat, bet it as an anchor in a pick3
(See Advanced Betting Techniques)
- Do your homework in advance before arriving at the track.
- Make sure to include all handicapping criteria.
- Weight handicapping criteria in order of importance.
- Make sure that the return is worth the investment.
- Be consistent in your betting.
- Bet only the tracks that you know best.
- Bet the tracks where you get the best ROI.
- Consider horses that have won at the track that you are betting.
- Consider horses that do their best at todays distance and surface.
- Bet your own picks not who "they" are betting.
- Pay Attention to the Jockeys and the Trainers.
- Study The horses past history, including when the last race was and the lifetime best speed.
What did they learn NOT TO DO ?
- Do not be influenced by odds.
- Do not bet tips
- Do not bet a favorite under 9 to 5 to win.
- Do not bet to show
- Do not bet a Heavy favorite on top in an exacta or trifecta with under 8 horses.
- Do not feel that you have to bet every race.
- Do not bet when track conditions change.
- Do not bet numbers or names.
- Do not bet on a trainer that has not won at the meet after the meet has run for 30 days.
- Do not bet a jockey that has not won at the meet after the meet has run for 30 days.
- Pay Attention to the Jockeys and the Trainers.
- Study The horses past history, including when the last race was and the lifetime best speed.
- Do not be afraid to pass races that have no value.
Many people lose money at this, simply because they bet every race. You must wait for the right
opportunity before you wager your hard earned cash. As sure as the sun will rise every day,
so will an opportunity show up for you to act upon. You can be part of the few that regards
horse wagering as horse investing, and that just makes good horse cents !
Source...