The Secret Of Making Money Betting On Horse Races Articles | Horse Betting

By: Richard Bleuze

I am often asked what the secret of making money betting on horse races?  Horse race betting is like an investment.  You are looking for the best chance to get a positive outcome.  The probability of a horse winning a race and making a profit can be described as risk versus rewards.  Thus, as with any financial investment,you should weigh the amount of risk against the reward.

Therefore, you should be looking for a positive bet.  In other words, if a horse wins often enough at the current odds, you should be able to regain all the money wagered along with a profit.  Only if this occurs, is it consider a positive bet.  The bottom line is that you are really shopping for a good deal.  That is the secret of making money at the horse races.

Before placing a bet on a horse race, just remember that all races are not the same.  You must consider the age of the horses, investment of the owner, quality of the stock, etc. before playing the horse.  

Thus, the first step is to determine which races are the easiest to figure out and then weigh each factor.  In other words, let us say you have  decided that claiming races for older horses are the easiest to handicap because all the runners have been tested at the distance and surface and have shown their recent form and ability.  Once you have figured which race to handicap, you should then consider find out how important their average speed is compared to other factors.

Consider the folllowing: 

1.  How often does the horse with the highest average speed win the race?

2.  How often does the second fastest horse win, etc.?

Once you have figured out the above, you should start keeping score over a hundred races or more race.  Once that is completed, the next step is to check on class, jockey trainer teams, etc. Find the most important factor(s) and weight them.  I realize that this is alot of work.  But, once it is completed, it usually is not that difficult since usually the same horses run on the same tracks.  Once the above is completed, you should then look at the runners in today's race and give each one a score.

Subtract the take out from 100%.  I suggest  20% to cover the breakage, etc.  That leaves 80%. Now divide that 80% (the actual amount of the win pool that will be returned to the bettors) by the number of runners. Let us say there are 8 runners  (this is the most runners that I would recommend you even consider). That means that if all conditions and runners were the same and won an equal number of times, they would each have a chance to win 10% of the pool. That is the actual amount that would be returned to the winners.

Obviously, not all runners in the race have equal ability.  However, you once again look at the weighted factors and make adjustments to the 10% that each horse is assigned prior to placing a bet.

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