Points To Consider When Betting On Horse Races Articles | Horse Betting

By: Richard Bleuze

Here are a few points you need to consider when placing a bet on a horse race:

1.  Always remember that the aim of betting is to beat the races.  Thus, look for the best odds on all the tracks now that you can bet on various horse races thoughout the world.  If you only rely on the odds from tracks from your home state, you are putting yourself at a huge disadvantage.  You are more often than not missing the best tote odds available.

2.  You will find it very difficult to get good odds on well known horses.  Usually, if there is support for your horse in the betting ring you will often back it at the worst price - worse even than its official plunged starting price in the betting ring.

Should you be lucky enough to back a winner, you will find that when you do back winners you will invariably get way under the odds available.  That will also cost you money.

To win long term at racing you need good selections and you need to get good prices about them. That means you must shop around between totes from across the country and the betting ring prices.

More than 90% of bettors are long-term losers.  They lose for many reasons such as poor bets, poor staking and lack of discipline.  You can be the most disciplined bettor around, however, if you restrict your win betting to prices available on only one track board you will regularly miss out on backing value winners because the price is not available in your little part of the betting world. 

3.  Should you decide to bet on horses at the race track, your goal is to collect and analyze information and then to make a sound judgment on what to bet, what type of bet to place and how much to wager.  In other words, you must create an opportunity to be a winner, you need to take three main factors into account, analyze each and act on your findings accordingly. 

These factors are:

The odds offer (price) - the odd should be at least 2:1

The value of the odds (overpriced or underpriced?) - the sportsbook's commission should be very low, if at all.  Some selections get 'steamed' unnecessarily.  When this happens, the 'favorite' price lengthens.  Take advantage of those situations

The type of bet (single, multiple, combination, etc.) - stay with the simple bets to win since you will have a good winning potential (the Straight bet, the Doubles and the Future).

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