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Horse Racing - Guide and Strategy - Page 2
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Strategies
The challenge of betting on horses is to collect and analyze
information and
then make a sound judgment on what to bet on, what type of bet to
place and
how much. To create an opportunity to be a winner, you need to take
into account
three main factors, analyze them and act on your findings accordingly.
These
are:
- The odds offer (Price)
- The value of the odds (overpriced or underpriced?)
- The type of bet (single, multiple, combination, etc.)
The odds offer has to be at least 2:1 to make it worthwhile. If
necessary,
choose a selection with a slightly higher risk to prop up the price.
The value of the odds must be such that the sportsbook's commission
is to a
minimum, if at all. Some selections get 'steamed' unnecessarily. When
this happens,
the 'favorite' price lengthens. Take advantage of those situations.
Three types of bets seem to stand out as a sensible combination to
use because
they are simple, not too difficult to win and have good winning
potential: the
Straight bet, the Doubles and the Future.
Horse Racing Tips
- Bet only on horses you feel have a good chance of winning.
- Give preference to winners. Choose a horse that has won before.
- Avoid betting on a horse that has just moved up in class.
- Look for value odds as much as likely winners. If you keep looking
for them,
you will learn to spot them fairly quickly.
- Look for a horse that has a fair chance of winning and is not
overly backed.
This is usually a good value bet in the long run. On odds of say,
10:1, you
need to win once in ten attempts to break even. Anything more is net
profit.
Horses backed heavily by touting services and computer handicappers
may win
more often, but are usually poor value bets.
- When the track is slow or heavy, give preference to fast starters.
Slow, muddy
and heavy track conditions usually favor the horse that takes an early
lead.
- A straight bet is simple, manageable and not too difficult to win.
Play it
but always weigh up the odds. Avoid favorites and long shots
(outsiders) too.
Be selective - don't bet on anything or everything.
- When betting straight, consider betting to win and show, or
each-way, if the
odds are relatively high.
- The sportsbooks or bookmakers are very well informed and have a very
long experience
in determining the odds. Their starting prices are usually excellent
indicators
as to which horses are likely to be among the first three in a given
race. Sometimes
the mass of the punters will put a lot of weight and money on a horse
which
will then go to a false price and because of that the other prices of
horses
will drift in the market, that is get longer. As a result a horse
shown favorite
or second favorite in the early starting prices may then drop down the
list
as the start of the race approaches and his odds improve
significantly, that
is get longer. This doesn't always happen but when it does, bet on the
horse
that was initially favorite. It is always a good value bet and in the
long run
you should make a profit.
- If a horse is heavily backed just a few minutes before the start of
the race
and his odds are sharply reduced, bet on it. This is a strong
indication that
somebody has reliable favorable information about the horse that
nobody else
is aware of.
- The horses to look out for in Lightweights Handicap Races are those
whose overall
form shows that they are capable of winning, regardless of the class
of race
in which they compete. Two or more wins in the form shown in
newspapers are
often indication of a possible big win by a low weight. An added bonus
is they
usually start at big prices.
- When making selections, always give preference to a horse that ran
recently.
A horse that has not raced for several weeks may have suffered some
setbacks
like an injury or an illness. No matter how good his form was if it is
not recent,
chances are the horse will not win.
- Give an extra point to an experienced jockey on longer distance
races (over
a mile). A jockey's ability assumes greater importance as the distance
increases.
Most apprentices are capable to break a horse fast, which is very good
in sprint
races, and the majority of their wins are usually accomplished under
such circumstances.
However, in route races (distance of longer than 1-1/8 miles) they
usually do
not fare as well. This is not necessarily because they are lacking in
basic
ability but because they are lacking in the experience needed to
properly gauge
the pace of a race. An experienced jockey can enable a front-running
sprinter
to perform as well in route races.
- Also, give an extra point to an experienced jockey on hurdle racing
than on
flat racing. A jockey's ability becomes even more important in hurdle
racing
because no matter how fast the horse is if the jockey falls off or the
horse
pulls up, the race for that horse is over. There is not even a
possible second
or third place.
- It is best not to replay your winnings, at least not immediately. If
you want
to be in control, you must put back in your pocket some or most of
your winnings.
- Do your homework before signing up to an online sportsbook. Four
important
things you should look for in a sportsbook: Are they members of a
known Gambling
Association? How quick do they pay out? How accessible is their
customer service?
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