Find Horse Racing Best Bets For Yourself



While betting on horse races is a lot of fun for many people, it is still a risky proposition so very few people do it for more than recreation. Those people who actually make a profit from it all have their different handicapping methods or horse racing systems. One thing that they all have in common, however, if they do it consistently, is that they can spot a good bet when they see one.

While you may think that any bet that is a winner is a good one, a professional horse player might disagree with you. Would it surprise you to know that those pros actually pass up many winners–horses that they had picked as their top horses? They do and while it may seem crazy, remember, they’re the ones making money so they must have a good reason.

Why do they pass up winners? They let those winners go without a bet and even sometimes bet against them because they’re a lousy bet. In other words the wager is an unprofitable one. You see, horse players don’t think in terms of one race, they think in terms of units and sets. A unit is a base amount wagered on a horse. Let’s say your bankroll is $1,000 and you’re a pro. You would divide that amount up into increments, say ten $100 amounts and then play $100 per day. You would be continually adjusting that $100 amount according to whether you won or lost each day.

On days when you did bet, you’d make wagers in increments of say, $10 (one unit). As you can see, they look at a bigger picture and treat it as a game with a long range strategy. Now here is how they find best bets. It is all based on probability and odds. They can accurately judge a runner’s chances of winning and then compare that number to the actual odds offered on the horse. When the horse will pay more than the risk involved, they bet it if the margin is great enough.

The way they determine that is by thinking in terms of sets of bets. A set may be 20 bets or 100, whatever number the handicapper chooses. He has watched enough races and followed the results to know that if he bets on a certain horse in a particular scenario, it will win a certain percentage of times. For instance. let’s say you follow the claiming races at your favorite track. You know that horses with the fastest time in their last race and dropping down one level in class typically win 30% of the time.

That means for every ten times you wager on one of those horses you will have three winners. Divide 3 into 10 and you now know what the minimum payoff is per dollar wagered in order for you to make a profit on such horses. As long as you stick to this simple system, your bets will make a profit and you’ll be a winner over time.

So to find your own best bets, keep good records at your favorite track of one kind of races and look for factors such as a class edge, speed edge, etc., and then wait until the odds are right before betting. If the odds aren’t right, even if you think the horse might win, it’s a lousy bet, so don’t bet it.

If you want to learn how a horse owner and insider handicaps just go to http://williewins.homestead.com/true.html and get the truth about betting on horses and winning. Bill Peterson is a former race horse owner and professional handicapper. To see all Bill’s horse racing material go to Horse Racing Handicapping, Bill’s handicapping store.

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Category: Betting Systems

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