Posts Tagged ‘Betting Horse’

Sports bettors who gamble their hard earned money in competitions like boxing matches or horse racing know that they cannot bet their cash indiscriminately. You see, gambling in events like these do not purely depend on luck. You cannot trust your money to pure luck when you have other factors to consider. One thing that people who bet on the track always do is consult the horse racing betting odds. These figures help them decide where to place their money on. They bet their money depending on the chances shown by the horse racing betting odds.

But what betting factors affect horse racing betting odds?

a) Horse Reputation, the horse racing betting odds are affected by the reputation of the horses and their jockeys. When you think about it that is the factor on which they base the horse racing betting odds before it can be affected by other factors.

The reputation of a horse and its jockey will set the horse racing betting odds. The horse reputation is a fact and will provide bettors with the initial impulse to bet or not to bet. The reputation of a horse and its jockey is earned through countless races. Thus, a reputable competitor gets good odds of winning a race. The horse race betting odds are affected by the reputation mainly because of the fact that it is, in fact, an amalgamation of the results of the horse’s previous races. Thus, if the horse is a virtual unknown, then it would be hard to set the horse race betting odds.

b) Competitors Condition, before the actual race, many “experts” study the condition of the competitors. This will help determine the actual horse race betting odds in the day of the race. By “condition” we refer to the various characteristics of the horse and of the rider before the actual race. This includes the physical condition of the horse, which tells you about its potential performance in the race. It also includes the emotional condition or “fighting spirit” of the horse which will tell you how far a horse will go to achieve its potential.

Today, various experts make use of different equipment in order to observe the condition of the horse properly. Some people may see this as an extravagant expense, but people who are in on the business know that a lot more money depends on the condition of the horses.

c) House Position, the “house” or the race track actually places a bet on the horses and that is often the case. Because of these bets, the horse race betting odds become adjusted which will affect the betting. Many track bettors base their wagers on the decision made by the track. This is often the case when a gambler wants to win a specific quantity of cash. If, for example, a bettor places a wager on the “underdog” of the horse race, they could win a Huge amount of money.

Of course, most people just go with the house since the house is actually able to observe the competitors better. This way, they have a larger chance of winning although their winnings would be comparably smaller.

What is important about horse racing betting odds is the fact that those figures are information. Those figures help the undecided commit their cash to something. Without the horse race betting odds, a person would have no way to figure out which horse to bet on.

Betting on horse races requires an assessment of each runner in a race in order to assess each horse’s chances of winning. It isn’t enough to look at a contender and think, “That is a pretty good horse, I guess I’ll bet on that one.”

Handicapping and knowing each horse’s potential for success is the only way to make money. Each horse has to be compared to each other horse and to the field as well. One way that many people handicap is by figuring out the pace scenario for the race and then estimating how that pace will affect each runner.

It can be a long drawn out and tedious procedure, but it must be done. This is also the process for estimating the class of the runners. Class is one of the most important factors in finding good horse racing bets. Class is also one of the most misunderstood factors in rating race horses.

The problem is that, unless a horse can win at a certain level, it is very hard to tell how hard a horse really tried in a race. Some horse will race hard to the end of a race even when they are outclassed and they know it. Other horses will simply run along behind the field turning in a lackluster performance that doesn’t indicate their true ability.

What that means is that, while a horse may have had enough ability to run within five lengths of the winner, because it realized it couldn’t catch the winner it faded to last and didn’t look like it could compete at all. These are the most dangerous horses for a handicapper to try to figure out. Their past performances look dismal and yet, when they drop a notch or two they win easily.

That is often when the cry of foul or race fixing can be heard. Sometimes, unfortunately, that is true and it was the jockey and trainer who stiffed the horse in order to make an easy score at a lower grade and still get a good price at the windows. Mot of the time, though, the fault lies with the horse. It was just too smart to extend itself in a losing effort.

The responsibility then lies with the handicapper to know how hard the jockey pushed the horse and how hard the horse tried. If you practice watching races and do some trip handicapping, after a while you will have a pretty good idea of how hard a horse was used and how hard it tried. Then you will have a better idea of the true class of a horse and can apply that to your betting success.Betting on horse races requires an assessment of each runner in a race in order to assess each horse’s chances of winning. It isn’t enough to look at a contender and think, “That is a pretty good horse, I guess I’ll bet on that one.”

Handicapping and knowing each horse’s potential for success is the only way to make money. Each horse has to be compared to each other horse and to the field as well. One way that many people handicap is by figuring out the pace scenario for the race and then estimating how that pace will affect each runner.

It can be a long drawn out and tedious procedure, but it must be done. This is also the process for estimating the class of the runners. Class is one of the most important factors in finding good horse racing bets. Class is also one of the most misunderstood factors in rating race horses.

The problem is that, unless a horse can win at a certain level, it is very hard to tell how hard a horse really tried in a race. Some horse will race hard to the end of a race even when they are outclassed and they know it. Other horses will simply run along behind the field turning in a lackluster performance that doesn’t indicate their true ability.

What that means is that, while a horse may have had enough ability to run within five lengths of the winner, because it realized it couldn’t catch the winner it faded to last and didn’t look like it could compete at all. These are the most dangerous horses for a handicapper to try to figure out. Their past performances look dismal and yet, when they drop a notch or two they win easily.

That is often when the cry of foul or race fixing can be heard. Sometimes, unfortunately, that is true and it was the jockey and trainer who stiffed the horse in order to make an easy score at a lower grade and still get a good price at the windows. Mot of the time, though, the fault lies with the horse. It was just too smart to extend itself in a losing effort.

The responsibility then lies with the handicapper to know how hard the jockey pushed the horse and how hard the horse tried. If you practice watching races and do some trip handicapping, after a while you will have a pretty good idea of how hard a horse was used and how hard it tried. Then you will have a better idea of the true class of a horse and can apply that to your betting success.

Betting exchanges are increasingly popular among punters. There are many advantages in engaging in betting exchanges, not the least of which is the ease of placing your bets online. You also do not need to go to the racetracks and place your daily bets since software can do it for you. You can even get horse racing results delivered to you on real-time!

How Bet Exchanges can Increase your Earnings

Bet exchanges increase your earnings, oftentimes regardless of horse racing results, mainly because there are not bookmakers who demand higher shares of your earnings. Indeed, your odds increase by more than 20%!

You only need to recompense the bet exchange a small percentage of your winnings. Furthermore, you are allowed to act as bookmakers yourselves. You only bet against other punters online, as against the conventional bookmakers in the racetracks.

Back and Lay Betting Options

Unlike traditional racecourses, betting exchanges allow you the ability to lay. You can set odds about a racehorse not winning an event, which would have been cause for corruption and criticism in the racetracks. (You have easier opportunities to ensure that a racehorse will lose, as against the other way around.)

In fact, this ability to lay allows you to earn profits regardless of the direction the horse racing results has taken. You can lay at a lower price and back at a higher price; thus, ensuring that you have a profit either way. It is a win-win situation.

For example, you can bet that Racehorse A will win for $10 at 10/1 during his first race. You can then lay him at 2/1 in his subsequent race. To ensure profit whether he wins or loses in both races, you offer o30 of your probable earnings so as to win $15 if he fails. You are then covering your first $10 bet.

If he wins in the first race, you earn $100; if not, you lose $10. If he wins the second race, you lose $30; if not, you win $15. If you add up the two bets, you still gain profit either at $5 or at $70. Thus, regardless of how the horse places in the horse racing results, you still earn more money.

Better Odds Offered

Online punters can choose not to take the first offers on their bets. You can take the best odds available and settle for its potential winnings.

Better yet, you can ask for better odds. Sometimes, you have to depend on your gut instinct and experience to determine if there might still be better prices out there. Wait and be patient.

Non-Punishment for Winning

You will not be punished if you consistently win in online betting. This is in marked difference to the practice of bookmakers. They will discriminate against you after more than a few big wins – limited stakes and closing of accounts, among them.

The beauty of betting exchanges is their ability to let you earn big, and earn more and more, without limit. The horse racing results might show that your horse has lost but it will not matter – after all, you placed your lay bet! And even if you do lose now, you can still recover your money. Beautiful, is it not?

Would you like to be a great horse racing handicapper? Many people have tried over the years but few have succeeded. I’ve known some people who were pretty good, better than me, and they had one thing in common, a great memory coupled with a love of racing. Each of them could remember almost every race he had watched and could spout off how a horse fared in a race it ran a year ago.

While they used the past performances like everyone else does, they also had a good picture in their minds of how a horse had run and what kind of trip it had. As if that wasn’t enough of a gift, they can also tell you all kinds of nifty facts about sires and their progeny. They can tell you about track biases as well and because they have such great insight coupled with an infallible memory, when the track changes, they are the first ones to realize it.

That is what the rest of us are up against when we handicap a race. How do you beat these human computers? They are walking horse racing encyclopedias who remember more than most of us will ever know and certainly more than most of us could ever remember. Making a profit or even making a living betting on horse races is hard enough without having to compete with these super humans.

But there is hope for those of us who refuse to let a little thing like superior intelligence keep us from competing against our fellow handicappers. We may not have a great memory, but we can write things down and keep notes. It is time consuming and not as much fun as leaning on the rail and complaining about how we almost won, but it does give us a fighting chance. Therefore, my advice is to keep good notes and refer to them often.

Know who won a race and why and also what happened to the other runners in that race. Become an expert on one or two tracks rather than trying to play them all. You are probably wondering what the one thing is that you have to remember. That is simple, remember where you put your notes.

You may recall that in the first article in this series, I discussed how important value is when betting on horse racing.

Getting a price that is technically above what it ought to be is a big key to earning consistent profits from betting on horses, and is central to my own betting strategy. I teach a lot of my members this from day one.

It is down to you to effectively change your betting habits, and very often you wouldn’t even know that you had these bad betting habits, until they were pointed out to you, so don’t go blaming yourself here.

So once you’ve learned to look at value bets, and eliminate the habit of just betting on horses that are favourites to win their respective races, you can move onto the next good habit that you should have in your betting armoury.

Create a suitable betting bank that is appropriate to your financial circumstances.

How A Betting Bank Can Help You Achieve More Profits

This sounds such a simple concept doesn’t it? Do not let its simplicity fool you in to thinking that its not important, because it is absolutely vital to your success.

Not having a betting bank can often mean you do not know how much you’ve bet this month, and just as important; how much you won versus how much you’ve lost.

The reasons for having a betting bank are so key for success when betting on horses. First of all, you are able to monitor how much you’ve bet, and how much you’ve won (or lost) each month.

This is critical, particularly if you use a horse racing tipster service and you want to know how successful and reliable it is.

Secondly, it enables you to stake correctly on each horse that you bet on. For example, I advise my members that they use what’s called a ‘points system’ for their betting.

Simply put, all this involves is dividing your betting bank, let’s use a figure of £100 for example, into 100 points. This means that you have complete control of what you’re betting.

How A Points System Correctly Structures Your Betting

You may decide, as I do with my service, that horses who you feel have an excellent chance of winning are worthy of a five point bet (the maximum bet I place on horses), which in this example would therefore be five per cent of your betting bank, so £5.

Conversely, you decide that horses that have just a good chance of winning, may only need a one point bet, as the information you have about the horse, coupled with the horses form, is not as conclusive as it would be for a five point bet.

So in this instance you would only bet one per cent of your betting bank, and therefore only wager £1 on your horse.

This type of betting ensures that you can weather and recover fro the bad runs – as these are inevitable unfortunately, but you can also take advantage of the good runs too.

Furthermore, you are in complete control and know exactly where you are from day to day, which is so important.

What You Should Not Be Doing When Betting On Horses

One of the big mistakes you as a punter can make, is to stake too high in proportion to your betting bank, and this generally comes out of wanting to make money more quickly.

You have to think of the long term picture, more than the short term. If you have a betting bank of £100, as in our example above, you cannot realistically expect to make £100 per month in profit, this is just not feasible.

The temptation for get-rich quick is so rife these days, due to the many claims out there that it is possible to become a millionaire overnight.

Let me tell you, it really is not. Lets look at how slowly, slowly really can catchy monkey…

How Small Gains Can Produce Great Results

Lets use our £100 betting bank again to illustrate just how powerful staking with an effective points system is.

If by betting on horses each day, you only increased your betting bank by a mere one-half of one per cent (0.5%) every day, you would have a balance of almost £250 (£244 to be precise) after just six months, such is the effect of compounding and using a long term strategy.

So in six months, you could potentially more than double your investment with very minimal points gains. Not bad for starters and of course, this can be multiplied depending on how much your betting bank is.

So in summary, you can now see that by finding value bets, and betting correctly that your betting bank will grow. And of course as your betting bank grows, so you are able to increase the size of your stakes and therefore make more profit.

In Part Three of this series of articles, I will discuss more bad habits that punters do while betting on horses, that cause them to lose money hand over fist.

While no one can deny the excitement of betting right on the track, off track betting has grown increasingly popular during the last few years. One of the reasons for this is that it is now much easier to bet off track due to the Internet rather than by phone as it once was. Today off track betting has become fairly commonplace as bettors use their personal computers to set-up accounts and fund those accounts using electronic deposits.

Off track betting is actually not that much different from betting at the race track. You can view the races as they take place in a method that is similar to the way that races were once simulcast. The only difference is that you can do it right from the comfort of your own home without the inconvenience of having to go to the track.

When getting ready to bet off track there are a few things that you should keep in mind in order to take advantage of all of the benefits that are offered by this type of betting. First, you will need an online connection and access to a personal computer. One of the great thins about off track betting is that you can bet from anywhere, including from your own home or from anywhere else in the world.

Keep in mind that it is important to choose an online site that you feel comfortable using. There are many different sites that are in operation today and offer the ability to watch horse races online as well as place bets. Take the time to look around and find a site that makes you feel comfortable. Be sure that you browse the site to find out the types of racing that the site covers and how they handle the matter of electronic deposits.

It is also a good idea to peruse the site to determine the type of bets that can be placed. Most sites offer the ability to place the basic bets, but if you enjoy the challenge and excitement of exotic bets then make sure that the site you choose supports those types of bets as well.

Horse racing has always been popular as well as the ability to place bets on the outcome of the events. Fortunately, technology has made sufficient advances that you can now enjoy all of the excitement of betting on horse racing without even needing to leave home.

There are a lot of misconceptions when it comes to betting on the horses. Some people believe that it’s impossible to profit in horse racing. Some believe that all you need to do is bet the favorites. Still, others believe that the only way to make money is to bet the huge long shots and pray for a miracle. All of these thoughts are false. You can make money betting on horses, and you don’t need to pick favorites all the time or bet on miracle finishes often.

Here is a juicy piece of information for you. The favorite wins the race (thoroughbred racing) about 33% of the time. Therefore, if you simply bet the favorite, you will be losing 67% of the time. Since favorites don’t always pay too well, you would end up losing over the long run. Still, money can be made betting on favorites. Each race is different. In some races, the favorite might be an even money favorite. In others, the favorite might be a 3-1 favorite.

How you bet is just as important as how much you bet. A common bet is called across the board. When you make this wager, you are betting on the horse to win, place and show. If the horse comes in first, you win all three bets. The show bet is the most conservative wager in horse racing, and it pays like it. It’s common to be paid only 20 cents on the dollar for a show bet. Many inexperience bettors place a show bet “to be safe,” but it’s a money sink.

Unless the horse is going off at a good price (odds), making a show bet is a losing proposition. The best way to wager on a good horse is win and possibly place—never show. Think about it this way, if I told you I had a proposition that you might win 33% of the time, and it will pay 1-5, which means you bet $5 and win $1, would you jump on it? Of course you wouldn’t. This is kind of what it’s like to make a show bet on a good horse.

At the end of the day, how you wager can up accounting for half or more of your success potential. Bettors that don’t figure this out wonder why their bankroll is not larger after their “winning” day. Place your bets properly and you will be halfway home to being a successful horse racing bettor. Money can be and is, made in horse racing every single day. On busy days, there are more than one hundred betting opportunities to take advantage of. One last piece of advice. If a race is not favorable to you—odds wise—move along. There will be plenty more races to bet on.

Horse racing betting exchanges is progressively more popular among punters. There are many benefits, when a person engages in such betting exchanges, since it offers the ease of placing bets online.  

In addition, a person does not have to go to racetracks for placing daily bets, since the exchange software is able to do it through the Internet. You can even attain horse racing outcomes immediately, since they will be sent to you on real time.

Betting Exchanges Increase Earnings: 

Oftentimes, horse racing betting exchanges increases an individual’s earnings irrespective of the outcomes. This is particularly because they are not like bookies who tend to claim a greater share of the acquired earnings. Betting exchanges increase a person’s odds by about 24 percent.

In such exchanges, you only need to reimburse the exchange by a small percentage of the attained winnings. Moreover, it is possible for you to act as a bookie yourself. A person only bets against other punters present online as against the usual bookies in the racetracks.  

Unlike conventional racecourses, betting exchanges provide the ability to lay. You can set odds regarding a racehorse not succeeding in a specific event. This is because a person has easier opportunities to make sure that a horse will lose.

In fact, this capability to lay enables a person to attain profits irrespective of the direction the racing outcomes may turn. You can back at a greater price and lay at a smaller price thus making sure that profit will be achieved whatsoever. This is definitely a win-win situation.  

For instance, you can bet that horse X will win for $14 at 10/1 at the time of first race. You can then lay at 2/1 in the next race. To guarantee profit irrespective of whether the horse wins or loses you give $32 of the possible earnings to attain $13, if the horse fails.

If the horse wins at first race, there will be a $100 earning. If the horse wins in the next race, there will be a loss of $30 or a win of $15. Thus, regardless of the horse racing results a person can still earn money.  

Better, Odds Offered:

Online punters have the option of not taking initial offers on their bets. A person can opt for the best available odds and resolve for its potential winnings. An individual can also ask for better odds. Sometimes individuals have to depend on their instincts and determine accordingly, if better prices are available or not. It is important to wait and have patience.

There is no punishment, if a person constantly wins in horse racing betting exchanges. Bookmakers on the other hand discriminate a person after a few wins by closing accounts and limiting stakes.

The beauty of horse racing betting exchanges is the facility of letting an individual earn big without any limit. Even if a person’s horse loses in horse racing outcomes it will not matter because of the placing of a lay bet. The person will still be able to recover money.

I did briefly touch on spread betting on horses in a previous article, so as promised, I am going to elaborate on it in this article.

I have noticed that spread betting is becoming a more popular way for punters to bet on horse racing, as if it’s done correctly it can enable you to really rack up large amounts of cash in a relatively short amount of time.

As with all gambling however, the risks are still there. If you’re new to horse racing or a bit of a novice punter, you should be aware that spread betting on horse racing is a little complex, and due to the nature of how it is structured, although you can win big it can also cause you to lose a drastic amount of money if you are not careful.

This makes it absolutely essential that you must be sure that you clearly understand the methods of spread betting on horse racing.

Spread Betting On Horses Is Growing In Popularity

Spread betting is a concept that is traditionally more popular with sports that have the potential for big winning margins, so American football, rugby, cricket and darts immediately spring to mind.

Its also used by people who want to bet on the financial markets and so they bet on whether a stock will rise, fall and by how much.

I’m not actually convinced by spread betting on horses myslef, as I find that the risk is just too high, yet many people successfully achieve great results with it. For many, it’s a more intriguing and enjoyable way to take calculated risks but everyone has to be aware that the risks are also pretty high, and this is what dissuades many people from trying it.

How Do You Go About Spread Betting On Horses?

The first type of spread betting on horse racing is based on what is known as the favourite’s index. Each favourite is awarded a certain amount of points. A hot favourite (for example at a price of 6/5) would likely get the maximum amount of points (which is 25), whereas a 9/1 favourite in the Grand National would only attract say eight points for the index.

Of course, what the bookies are doing here is protecting themselves, as the payout at 9/1 is going to be appreciably more that the 6/5, hence the reduction in the number of points.

So with the allocation of points, a spread is created and essentially what punters will do is buy if they feel the horse will win, or sell if they think it won’t.

A real twist from traditional betting is that you can bet on the jockeys. The way jockey betting works is pretty much the exact same way as the favourite’s index, with the only difference being that you are betting against a quote of how great a race (or more than one) a jockey will have.

Predicting Winning Distances Will Pocket Cash Too

Similarly, the winning distance index is played in essentially the same way but with a slight difference, as points are awarded based how much you think a horse will win by. These are broken down into short head, head, neck, half a length, ¾ length, a length and then multiple lengths (two, five, ten etc).

Typically the going of a racecourse affects what the spread and points allocation will be for distance betting, and this is where the bookies can really earn their corn. Poor judgment of how the conditions are going to affect a race could cost the bookies thousands, so they have to get it right.

In my opinion, spread betting on horses involves too much work. That is not to say that I am lazy, quite the contrary, but there are multiple factors and several key things that have to be considered properly even before you consider looking at what to back.

I do prefer a more simplistic approach and perhaps this is why I have done well, as I have kept it simple.

I’m also a firm believed in effective money management, and unlike traditional betting, or even betting on the Tote, you do not know how much you stand to lose with spread betting, until the race is over and then its possibly too late. That to me is a major drawback.

There are punters who do very, very well at this form of betting but call me old fashioned, I just prefer the more traditional approach, and certainly for all beginners out there, I advise that you do the same.

Horse Racing Betting Systems, why do so many fail?

By Steve Davidson.

For as long as there has been betting on horse racing there have been systems. In fact most people who bet on horse races at sometime or another have brought horse racing betting systems, in the olden days they were seen in newspapers, magazines and form guides. These betting systems, some of them many years old were sold in book form and paper A4 leaflets. They had technology on there side. See it was hard to copy them and send them to your friends etc as email and other fast duplication equipment was not available. So an author of such a system could sell many copies for a long time and the system kept working and everyone was happy (well most were.)

Today is completely different now with horse racing systems, and I guess you have figured out what I am going say. That’s right with horse racing betting systems today being sold so much on the internet and in usually pdf format, they are very easy to forward at the click of a button to 10 of your mates. And they are shared all around on the forums of horse racing interest and before you know it everyone has got a copy. And the worst thing is they are all in possession of the system within 7 days of release. And you know what that means? You don’t? Well if say 200 systems are sold in the 7 days, and every system holder was to only have 10 racing buddies to email it to, that would be 2000 people now with the rules and filters of that system.

Guess what happens? Yes like kids in a candy store most want to try it out straight away! Imagine what happens on Saturday then the first selection the system has picked starts? Yes every man and his new found system back it or lay (bet to lose.), and the price is grossly out of proportion to it’s chances. So after a while people (like children) get disheartened with new found system as it is not delivering what they had hoped. Because so many freeloaders are using the system. Stupid isn’t that the people that pay the money for it are so keen to devalue there investment by sharing it with what seems to be anyone with and email address.

So the upshot of this scenero is that, like rats on a stinking ship they all dive off and look for the next magic bullet, (horse racing betting system.). And then they have all dived off that system, if it is sound then it will start to show what it has done in the past, it starts winning. This happens because now the horses that the system is throwing up as selections have far less people trying to back it or lay it.

How can you avoid this happening to you? Well the 1st step would be if possible buy a horse racing system that is in a software format and has a username and password. This way it will certainly slow down the digital thieves and clowns that love to see there investment go down the drain, by sharing. If the system you are interested in is not available in the software format, then buy the horse racing betting system, and don’t be in a hurry to use it with real money. What you are doing here is let all the freeloaders put there hard earned on the selections. You monitor them and see how they are going. Don’t worry if the system makes money whilst you are paper trading it. Now if you see that all is going well then you can start with your hard earned money. But in this paper trading time if the horse racing system loses money or goes sideways (neither winning or losing), then you can be sure the freeloaders will be looking for the next silver bullet horse racing betting system to come, and it will. Off they jump and like leeming to the waterfall, the same process starts again.

And the system that was all the rage is left to settle down and perform as well as it did before it was released. I mean let’s face it if the system didn’t have the results based over many months then why did you buy it to start with? Horse Racing is very statistical, the same things happen year in and year out. What systems do is spots these patterns and then predicts when they will appear again. That’s what systems are all about filtering non winning patterns and putting you on the right track.

A good system will in the long run make you money, I have found that it is normally not the system that fails the punter it is the punter fails the system.

What do I mean by that statement? “It’s the punter that fails the system”.

The punter (person betting on the horses) lets his personal belief or judgement become part of the system, he in other words bends the rules, to suit his thoughts and ideas. See he is not really following the system, and when the amended selection or amount that was to be invested is altered it is not longer the horse racing system failing, it is the punter that has failed the system.

So in summing up, please if you are buying a system then you are investing in intellectual property, you must keep it to yourself, to share is to dilute its value and it is illegal. Also stick to the money management plan that came with the system. And lastly stick to the rules if you are going to do it justice.

Cheers

Steve Davidson
http://www.winningmore.com