Not all that exciting, but wagering on it is the competition itself. Every year, millions of people bet on horse races, but very few of them take it seriously enough to win a substantial payout, especially if they only bet on one track.
Hopefully, this article teaches you a few simple strategies you can use to take your bets to the next level. At first, these tips may seem overwhelming, but if you do them one step at a time, you will eventually be able to successfully incorporate them all.
The Time you Bet
Most of the new bettors will bet early because the expert picks will be released beforehand. Just like in Belmont Stakes, the strong and intriguing are the undercard of all Triple Crown races, but the Belmont Stakes always lead the deepest and most competitive.
It is a wealthy embarrassment, with five Grade 1 races and three Grade 2 competitions on offer and that doesn't even account for the Belmont Stakes Grade 1. For race fans, it's a little heaven, and it features a lot of big-name horses at the top of their categories.
Now, Since the odds are constantly changing, people with disabilities can't fully determine "value" until it's pretty close to post-time — like the last two minutes. Otherwise, the 8-1 value-minded bet could end up being a 4-1 wager that is not so valuable. This is not to say disabled people don't do their homework hours beforehand. Nevertheless, they're ready to adjust their betting strategy based on the last-minute odds.
The pace of the Race
The one factor that "handicapper" people say shapes their perception of how a race is going to be played out is the pacing. If a race seems to be dominated by speed horses known to rush to the front, a horse usually hanging back may have a definite advantage.
The theory is that speed horses will tire each other when they reach the stretch. Conversely, a speed horse may be the best bet when a race has lots of "closers." The theory of it is that while the closers are waiting to move, the speed horse has already created an unprecedented gap.
Pedigree Matters Most
You're going to listen a lot of people from the racing industry talking about pedigree, like father and mother of a horse. The belief is that success brings successor why else, as for example, would you talk about the stud fees of American Pharoah starting at about $60,000 or about $6 million a year if you add up all that "studying", Handicappers will tell you that pedigree counts, but mostly in cases where there is insufficient hard data to suggest how a horse runs.
The Horse Jockeys can be a Factor
Horses do not live in a bubble in racing— they need a jockey to guide them from beginning to end. And while disabled people generally pay more attention to the animal than the man (or woman) at the top of the animal, they also do not ignore the jockey completely.
As a rule, most experts say they are looking for jockeys with a winning record of at least 12 percent. It may not sound so high, but 12% is a "good thing" in a competitive field.
The Kind of Bettor you are
You're probably not a professional if you're placing win, place, or show bets. Serious "handicapper" people like "exotic" bets The more complex the chance, the higher the payoff some winning Pick 6 wagers paid in a million.
Given how little a straight win bet typically pays, the key to making real money is often those bigger payoffs. And as my first track experience attests, an even more daunting challenge is trying to make money on show bets.
How Much Money you Bet on
While you should handpick your races to keep your bankroll, when you find a race you like, be prepared to commit enough money to make the right bet. Exotic wagers like Pick 4s, Pick 6s, and Superfectas usually require a substantial outlay to get a real chance to hit the bet.
I can't tell you how many times it has cost a bettor hundreds or thousands of dollars in lost wins to eliminate one or two horses from your combination to try to save a few bucks.
It is not a complicated procedure to bet on horse racing. Most often, if your bet doesn't pay off, you place your bet, take your ticket, and tear it up. However, you get to take your ticket back to the window and collect your winnings if you are lucky or skilled.
Typically, getting good at horse betting takes a while, so don't get down on yourself if you lose some money in advance. Being a good gambler doesn't mean how much you make money-wise; it's more about the game's thrill, being a smart operator, and beating the odds.