Horse Betting On False Favorites Articles

Horse Betting On False Favorites

By: Richard Bleuze

Horse betting on false favorites.

The horse with the most money wagered on it to win is considered the favorite in a horse race. The favorite horse will therefore have lowest odds. as a rule, favorites win horse races about 28% of the time. Thus, betting the favorite in each race is usually good for you if you are the type of horse bettor that enjoys seeing your horse win the bet for you. However, it is generally considered by most that just betting on favorites is not a money maker for most horse bettors.

In most cases, the favorite is usually a bad bet. Any horse that wins 28% of the time would have to pay an average of $6 for every $2 wagered on it to win. Favorites usually average less than $6 to win. Thus, you if you bet only on favorites, you will slowly lose your bankroll.

Many horse bettors who attend the races soon catch onto the favorite angle, and often come up with the idea that if they can just figure out which favorites are good bets and which ones will not win, they will be able to make money. Fat chance! Although the theory is sound, it is much more difficult to put into action.

In most cases, trying to eliminate favorites that are not going to win can be difficult most of the time. A major exception is if a runner is made the favorite in a race despite the fact that the horse has never done what is being asked of it. An example would be if a young horse is being asked to run in a route race, when the best it has done to date is to win a sprint race.

In this case, the young horse is still unproven at that distance. It does not matter what the breeding indicates or how heavily the horse is backed in the win pool, it is still an unknown as to whether the young horse can handle the distance. In this case, you may have a false favorite since the favorite is being asked to win at a distance the horse has never won at, or perhaps the surface of the track is different and the horse has never tried it. The above general rule would not apply to maiden races.

If you are a horse bettor who bets on favorites and are looking for a type of favorite to eliminate, then this tip is one to consider. However, in most cases you will, in my opinion, not make enough money to make a large enough profit.

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About the Author:

Richard provides articles and information about online horse betting on his website at http://www.bettingthehorsesonline.com

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Major racetracks

Major horse racetracks in the U.S. were opened

at Fair Grounds in New Orleans, Louisiana in 1853;
at Saratoga Race Course in Saratoga Springs, New York in 1863;
at Pimlico Race Course in Baltimore, Maryland in 1870;
at Monmouth Park Racetrack in Oceanport, New Jersey, opened in 1870;
at Churchill Downs in Louisville, Kentucky, opened in 1875;
at Aqueduct Racetrack in the Ozone Park neighborhood of Queens in 1894;
at Oaklawn Park in Hot Springs, Arkansas in 1904;
at Belmont Park in Elmont, New York, just outside New York City on Long Island, in 1905;
at Fairmount Park Racetrack in the St. Louis suburb of Collinsville, Illinois in 1925;
at Hialeah Park Race Track in Hialeah, Florida, near Miami in 1925;
at Arlington Park in the Chicago suburb of Arlington Heights, Illinois in 1927;
at Santa Anita Park in the San Gabriel Valley community of Arcadia, California, in the Los Angeles area, in 1934;
at Keeneland Race Course in Lexington, Kentucky in 1936;
at Del Mar Racetrack in the San Diego suburb of Del Mar, California in 1937;
at Hollywood Park Racetrack in another Los Angeles suburb, Inglewood, California, in 1938.

Thoroughbred horse racing in the United States has its own Hall of Fame in Saratoga Springs, New York. The Hall of Fame honors remarkable horses, jockeys, owners and trainers.