Horse Racing Betting Odds

You will notice that as wagering on a race progresses closer to post time, the odds will change. Why is that you ask? The Cash that is wagered in a horse race is counted up and put into Pools. What is a Pool? A Pool is where the total amount of money that is wagered on a specific type of bet is held to be redistributed to patrons that have correctly selected the outcome of the specific wager they have placed. Out of these pools certain percentages are subtracted. The Government receives a percentage (taxes) for allowing the race in a certain jurisdiction. The Racetracks receive a percentage for promotions, maintaining the racetrack, and paying employees. The horsemen receive a percentage that makes the Race Tracks able to offer purse money to the owners and trainers for racing horses. If there was no money, there would be no racing. After the percentage is removed, the remaining money is paid out. This is where gamblers get their payouts for winning tickets.

The odds are usually in the form of x/y (e.g. 5/1, 9/5). Dividing x by y gives a ratio to 1. The smallest ratio or the largest amount of money on a number represents the favorite.

Winning odds of 2/1 will pay $6.00 for a $2 bet, while 5/1 will pay $12.00 for a $2 bet. Payout is calculated by (odds ratio to 1) x bet amount + bet amount.

Example: For odds of 5/1, the approximate payout for a $2 bet is 5 x $2 = $10 + $2 = $12.

Some tracks allow different minimum amounts on each type of bet; generally, $1 bets tends to be the minimum on all bets. The offshore sportsbook odds are calculated based on the sales for the bet minus a government, and handling tax. These deductions vary and are usually controlled by a regulatory body. Deductions may vary in the same track if there are simulcast races. In addition some tracks tax payouts in excess of a specified limit; generally, this limit is 600/1.

Horse Racing System Evaluation

Finding a good horse racing system is the Holy Grail of wagering for both casual and serious punters. Almost everyone has his/her own type of horse racing system. You have probably heard of some different types of horse racing systems that people have proffered over the years. Some are quite zaney and some are based on sound understanding of several factors that can affect the outcome of any given horse race. Here are some of the things to consider when evaluating any horse racing system you may be considering:

Does the horse racing system take into consideration the number of horses running in the race? Races that have a lot of entries are more difficult to choose which horses will do well. The number of entries in a race greatly affects every horses’ chance of winning the race. Of course, some horses do better in larger fields than others. A good horse racing system should allow you to make allowances for the number of entries in the horse race.

Weather is another factor that can greatly impact the outcome of a horse race. Just like people, some horses do better on a wet and muddy track than others. You should make allowances for track conditions when deciding on which horses to bet on when using any horse racing system.

How recently a horse has run is another consideration when using your horse racing system. A good rule of thumb is ideally the horse should have raced within the last 4 weeks or 28 days. Not too much racing but not too little either is good for a horse to maintain good form during the racing season. A horse’s form is a factor in how well he will do in a race. When using a horse racing system, the horses’ form should be part of the equation for determining the best bet.

Probably the simplest and best horse racing system is to bet on only the top favorites. When you bet on favorites you’ve got the odds working in your favor. In other words, there is a greater probability one of the top favorites will win the race. Any horse with a 3/1 or less in the betting is a good pick. If your horse racing system works with favorites, it is probably going to be a horse racing system that you can use to make some good money.

Horse Racing Betting, a Beginners Guide

So you want to bet on the horses but you haven’t got a clue where to start. You look at the form but at this stage the numbers don’t mean a thing. Well listen up as what I’m about to tell could result in a few winners today.

First things first, ignore the jockeys silk (There nice colours, So What!) and don’t try and pick a cool sounding name.

Right now I’ve got that off my chest let me tell you a few things you need to take into account;

Look at the jockey who is riding the horse and look at the trainer of the horse. There will also be a section that say’s ‘top jockeys’ and ‘top trainers’. Make sure you pick a good trainer and then second to that a good jockey.

The next factor to take into consideration is those little form numbers at the side of the horses name, what your looking for are 1,2 and 3’s these mean first, second and third in a race and if it has a few on these it’s last five races it’s in form and should stand a good chance to run well.

So now we should have a horse with a good trainer and a decent jockey that is showing some past form. The selection should have a good run and hopefully with a bit of look it will finish well.

There is plenty more factors to take into account when selecting winning horses and you can use horse racing systems to help you select winners. In part two I’m going to show you a few little letters you should look out for when selecting for horses.

Horse Racing Betting System - Designing a Simple System

Putting together a system is not as difficult as it may sound, even for a beginner. The important thing, and with any betting, is that you write down every rule and follow it for at least 100 bets. You do not need to trade real money, paper trading is best at first. If after 100 bets it is in profit, you can then give it a betting bank and start gambling.

Starting an untested system with real money, and packing it in on its first losing run, putting it down as failed, will only cost you more and more money in the long term. Being patient saves you money.

So let us get down to starting a system eh? I’ll show you below how simple they are to put together, this example is profitable, so no reason why you can not follow it with a betting bank, but its yearly profits are not huge, but have a go at your own, always making sure that you understand way a rule works.

The system below is designed for National Hunt racing.

‘The NH High SR Non-Handicap Fav System’

Rule 1: Non-Handicap races only. This ensures that we do not include handicap races, which are more difficult to get profitable systems out of. Although when you do they are more profitable than non-handicap races.

Rule 2: Forecast Favourite only (if joint VOID bet) Just to make sure we have one clear qualifier for our non-handicap race.

Rule 3: Forecast price must be odds on. I know that the lower the odds the more likely it is to win, although the lower the odds the smaller the profit for a new bank.

The first 3 rules of any systems I quantify as the main system rules, they ensure we have the main set of qualifiers we are looking for. Those rules after, I regard as filters to take out any facts I know are not profitable long term.

Rule 4: Horse age must be 6+ This is because in the UK, horses are not generally full wound up for jumping until they are at least 6, so those of a lower age have erratic results that do not prove profitable, so no use including them.

Rule 5: Horse must have finished 2nd or worse on its last run. Horses that won last time out usually go off at lower odds than they should, so an edge is taken away.

Rule 6: Must be a gelding. Geldings win the majority of races over fences, and are generally have the most consistent and reliable form.

Rule 7: Going must be Good-Soft or better. Any softer than this and results can get a bit random.

That is it. Over the last 10 years it has produced a 48pt profit even at those low odds, and a 63% SR overall. It has had 3 losing years in that period, the worst being 5pts, but using the betting exchange prices, they would also have shown a profit.. There are around 100 bets per year.

So you can see by this example, it does not profit every year, but long term it still shows a profit, and it is long term that any professional gambler will tell you is the only time span that matters.

Horse betting

Anyone who says horse racing isn't exciting hasn't been to a good racetrack yet. Once you understand the terms and processes in racing horses, betting becomes an intoxicating event. While horse racing has been called the sports of kings, it doesn't take a pile of gold to play and win good money at it. Today, I am going to run over the basic terms in horse racing to get you started. Win: Just as you are thinking right now, WIN means to win the race. This is the horse that finishes first.Place: The horse that comes in second is the place horse.Show: The horse that comes in third is the show horse. The show wager is the safest bet in horse racing in my opinion, but it pays poorly. Usually favorites are low odds horses are not worth betting to show. The show bet should be for longer shots.Daily Double: Got a gift for picking winners? Give the daily double a shot. Simply pick the winners of two consecutive races and you have a winning daily double ticket. Typically the early daily double is the first two races and the late daily double is the last two races.Quinella: Not sure who's going to finish first out of two horses? Bet the Quinella. When you bet a Quinella, you select two horses that you thinking will finish first and second. When they come in first and second (in any order), you win your ticket.Exacta: The Exacta is just like the Quinella, except the order matters. For instance, if you bet a 4-7 Exacta, the 4 horse must win and the 7 horse must places. Since the order matters, the Exacta pays more than the Quinella.Trifecta: I love hitting Trifectas. I just wish they would happen more often. When you place a Trifecta, you are betting the first three horses to finish in order. For instance, if you place a 2-4-9 Trifecta, the 2 horse must win, the 4 horse must place and the 9 horse must show. The Trifecta usually pays pretty well. It all depends on the odds of the horses involved and the order of finish.Pick 3: First, there's also a pick 4,5 and so on. However, I'll tell you about the pick 3 since the others are the same just with more horses to select. When you play a pick ticket, you are picking the winners of consecutive races. Different tracks offer different pick tickets. For instance, if the track offered an early pick 3, you would be picking the winners of races 1,2 and 3. Pick tickets can pay off very well.There you have it. A slew of horse racing terms to get you started. The basics of betting n horse racing is pretty simple once you get the hang of it. Good luck.

Horse Racing Tips

Over the thirty years that I've been betting on horses, I have paid for horse racing tips, or information from a variety of sources.My first purchase was a booklet called Fineform, which was heavily advertised in the racing newspapers. The system that it promoted was simple to use and bets could be found quickly. In those days I had no idea what the true odds of a horse should be, and happily followed the system to small stakes.I often used to combine selections in multiple bets, using a low stake / potential high return strategy. Mainly I'd lose a little money. Occasionally all selections would win, and I'd collect the equivalent of a weeks wages that day.In those days betting tax in the uk was 9-10% off course (in a bookmakers), but zero on course (at the racetrack). I guess the idea was to encourage people to go racing. What I didn't realise was that the legendary professional gamblers were happy if they got an ROI (return on investment) of 10%. For example, staking £50,000 in a year, and getting a return of £55,000, or a £5,000 profit. For this reason they bet exclusively at the track.As I progressed, I began to realise that there was an opportunity to make some money, but that for the reasons given above, it was extremely difficult to do so. That's when I subscribed to my first racing tipster. They were called "The Cream" and their tips cost around £10 a week.In those pre-internet and mobile phone days, I had to find a public phone box in my lunch hour, and ring the special phone number to see if there were any selections. For "security reasons" the horses name was never given, instead I was given a colour. Checking this against the racecards that they supplied, would reveal the selection. I'd then run down to the bookies, and put my £5 stake on.Mostly they lost, and as well as paying ten pounds for the "tips", I lost plenty of stake money too. I quickly discontinued my subscription, and went back to choosing my own selections.I tried a few other tipsters, ranging from "weekend information" for a fiver, to telephone tipsters who advertised on teletext. None were effective.Disillusioned, I gave up betting on horses for about five years. Then a friend told me of a tipster who advertised fantastic results. We clubbed together the £97 per month to get these tips, again phoning each day for the selections. Mainly this consisted of listening to the tipster ramble on about a great tip that was coming up. We did take a three hour trip to Wolverhampton race track one day, to back a particular horse that the tipster owned. The horse had run earlier in the week, but the tipster had issued instructions not to back it till just before "the off". Many people ignored his advice, and lumped on at the tasty 20/1 on offer. Soon the odds tumbled, all the way down to 3/1. As the race started, it looked to me as if the jockey was attempting to hold the horse back, in any case it was unplaced.On the phone in, he told us that it had not won because his instructions had been ignored, but that it would run it's true race in a few days time. So we went to the track to try and get the best odds available. To our dismay, instead of the 20/1 we expected, the horse opened at 15/8. We placed our bets and settled back to watch the race. The horse came last. We cancelled our subscription.There are tipsters out there who are worth subscribing to. I have won over £4,000 in a weekend from one particular tipsters selections. In the long run though he was not profitable. Now I use my own methods, and am very happy with the results.

What is the Best Horse Racing Betting Strategy?

Are you interested in being about to win when you bet on the horses? Have you wondered how some people are able to use a specific horse racing betting strategy to win on a regular basis? What is the best horse racing betting strategy? The best horse racing betting strategy is a statistical approach that allows you to be able to win on a regular basis. There are some people that win almost every bet they make and they have a statistical approach that works.How do you find a statistical approach that works on a regular basis? There is plenty of information on the internet about betting on the ponies. If you do the right type of research you can find a lot of free information on the internet about horse betting and you can always purchase an e book about horse betting.There is a lot of information out there and at just about any track you can find someone that is making a living from betting on the horses. This is the person you want to talk on a regular basis. This person knows how to make money from betting on the horses and has figured out a system.There is odds with every race, just like there is on every game in Las Vegas. If you play the right odds long enough and with the right bets you will always walk away with more money than you started with. This is how your horse racing betting strategy has to work.Once you find a strategy that works for you and brings you an income you will be able to work less and play more. This is one of the wonderful things about betting on the ponies. You can place a few bets everyday and end up walking away with thousands.Using a statistical approach to your horse racing betting strategy is the only way to win on a regular basis. This is how the professional gamblers do it and you can too. Learning a statistical approach to horse gambling is the key to success. Now you know what you have to do in order to get your horse racing betting strategy together. You need to start researching and start becoming a successful horse gambler. This is an exciting field and can be a lot of fun, so stop day dreaming and start making it happen.

Free Horse Racing Tips

There is no more appropriate place to begin racing in the new year of 2007 than Cheltenham racecourse, the hallowed home of the National Hunt game. The clock is already ticking down to the Festival in March and all eyes will be upon the results of races at Cheltenham’s New Year meeting on January 1st, and at the late January fixture on the 27th of the month.Two races stand out on Cheltenham’s New Year card beginning with the Dipper Novices’ Chase which was won last year by The Listener who claimed among his victims Star de Mohaison, who then went on to reverse New Year’s day form with the winner in the Royal & SunAlliance Chase at the Festival just over ten weeks’ later.Backers should keep an eye on this race with regard to the prospects any SunAlliance contenders. Both Don’t Push It and Mr Pointment, first and second over course and distance last time, should again figure prominently.Cheltenham’s feature handicap on the same day is the Unicoin Homes Handicap Chase which was landed twelve months ago by Fondmort, a course specialist and it may well be that the Nicky Henderson team will be keen to keep up their good work in this well-contested handicap with either Crozan or Mariah Rollins.Sandown on January 6 is the next port of call for the jumping caravan and the feature race on this traditional curtain-raiser is the Tolworth Hurdle, a grade contest for up-and-coming young novice hurdlers. The roll of honour is an illustrious one with past winners such as Best Mate, Monsignor, French Holly and Behrajan all turning out to be stars of the future.Whatever trainer Paul Nicholls sends to this valuable prize should be worth a second look while fancied horses tend to hold sway too with the market leaders dominating the outcome of this two miles and half a furlong race. Beware also of Irish raiders: there have been a number in recent seasons but all have returned home empty-handed.The following week on January 13 Warwick comes into its own with the staging of the valuable totesport Classic Handicap Chase, a contest that sorts out the true stayers from the rest. Increased prize-money in recent seasons has seen the level of competition for this race reach fever pitch and thorough stayers with a sound jumping technique are required for the race.Once again any runners from the Paul Nicholls will bear close scrutiny while Alan King’s D’Argent is likely to attempt a follow-up to his recent big Cheltenham handicap success and this course specialist should go close. Emma Lavelle, meanwhile, may also aim her progressive stayer Tana River at this prize and his front-running style should be suited to this fair and galloping course.The best race of the whole month takes place at Ascot on January 20 when the Victor Chandler Chase returns to its rightful home after a temporary berth at Cheltenham last year because of the controversial re-building programme at Ascot racecourse.

Horse Racing Betting

Horse Racing, Horse Betting Tips, tips for horse racing and all game you know.
You may or may not of heard of all this talk about been a change to horse racing betting where you can bet on horse races risk free.
Yes that’s right, Risk Free!
Now this isn’t some bogus system that gives you one horse that is guaranteed to win, it isn’t even like normal gambling. It’s more like trading as you are betting on more than one horse in a race even all of them.
I hear you saying how can I make money betting on every horse in the race?
Because of the competition between bookmakers and now the rise of Betfair there prices are all over the place. One horse can be 4/1 with one bookmaker and 7/1 with another.
Every bookmaker is trying to get customers by giving away free bets, the best prices etc. They do this by making a couple of horses in a race better priced and then advertising it. If every bookie does this you can make a profit very easy.
The idea is that you place the right amount of money at the right prices so that no matter what horse wins the race, you make a profit.
Sounds hard doesn’t it?
I know it sounds a bit complicated but there is a new horse racing system that makes it easy and dead simple to use. There are calculators and software to help you and take most of the work out of doing it.
Now some people in the know have been doing this for years even before all of the online bookmakers but with the internet exploding risk free betting has been made available to you and others.
You can learn more about this amazing horse racing system now and start profiting for yourself.

Horse Racing Tips

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.