best way to win money betting on horses

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The most popular bet you can have. Simply pick the runner that you think will finish 1st in a race. Placing your bet 1. Mark the race venue allocated to the meeting 3.

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Best way to win money betting on horses

Even though some of their times may be fantastic, an inconsistent horse is a scary bet! Previous race times can be found in your DRF. Click on another answer to find the right one While this may sound like a fun underdog choice, this horse will probably not win. This information can be found in your DRF packet. Unless everything else points to this horse being fastest, try to bet on male horses. They tend to be faster!

Not quite! Books will probably not include recent enough information to help you make betting choices. You could read histories of specific horses to get a good idea of what winners act and look like, though! Horse racing has been around for a very long time, so don't think that you have to figure it all out yourself!

Check out some books by well-known authors and see what you can learn! While you might decide to read books about racetracks, this is not the only type of information they can provide. Although some racetracks are certainly fancier than others, they all have their own quirks! Guess again! This might be true, but looking like you know what you're doing will not help you become better at placing bets on racing! If it helps spark a conversation with someone else who is placing bets, though, it could be the beginning of a fun friendship!

To win at horse racing, start by looking at the track and the weather conditions for the race, since different horses run better under different circumstances. Consider picking up a racetrack program or a handicapping tip sheet to get information about the horses and their jockeys. For tips on how to factor the Beyer speed figures into your handicapping process to increase your odds of winning, read on! Did this summary help you? Yes No. We've been helping billions of people around the world continue to learn, adapt, grow, and thrive for over a decade.

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We use cookies to make wikiHow great. By using our site, you agree to our cookie policy. Cookie Settings. Learn why people trust wikiHow. Download Article Explore this Article parts. Things You'll Need. Related Articles. Article Summary. Part 1 of Hone your handicapping skills. Handicapping is the process of determining which horse has the best chance to win a race.

It is a test of your creative intelligence, not systematic computation. Look at the Beyer Speed Figures. Beyer numbers often serve as a starting point in the handicapping process. They are the bold numbers found in the middle of each DRF, indicating the horse's past performances. Handicappers often use the horse with the highest last-race Beyer as their focus and eliminate horses that have never run a figure close to this horse's figure.

There are two numbers: pace and speed. Pace projections. By scanning the past performances, handicappers try to estimate the pace of the current race and determine which horse will benefit most from it. The first bold-face number, pace, shows whether the horse likes to be on the early lead or not. Speed projections. This is not the same as pace. Speed does not equal consistency which pace can.

Distance is one of the biggest factors when it comes to betting. How has your horse run in other races of this similar length? Distance, pace, and speed are very powerful in tandem. Take into account the track and the weather. If wise bettors detect any kind of bias in the racing surface, they incorporate it into their decision-making. What is track bias? You want to know how your horse will perform on whatever your track is. A little rain quickly turns that dirt into mud. Take into account how your horse has performed in this type of weather, not just the type of track.

Is her last race a true representation of her ability? Is she likely to improve or regress on race day? Which horses raced against a bias last out and can be expected to offer a peak performance today? One thing to consider is the size of the purse and where the horse is coming from. Sprint races around one turn usually favor outside posts, while route races races with 2 turns at longer distances often favor inside post positions.

Has she run a race like this in the past and done well? You may want to consider other horse's post positions, too. If a certain horse seems to be speedier on the inside and for this race is on the inside, this horse will be serious competition. Only place bets on horses that have good speed projections. Choose the horse with the most success on a track of the same length. Eliminate any horses that don't have a speed near that of the fastest horse.

Want more quizzes? Keep testing yourself! Part 2 of Get familiar with your track, the tracks being simulcast, and get your papers. With your umbrella and binoculars in hand, get going to your track. The cost is usually 50 cents. Tracks often simulcast from other tracks, too. Buy a Daily Racing Form. This form is the most important weapon in a handicapper's arsenal.

It provides detailed information on each horse running in the day's races. As you get better and better you'll need less and less time, but for now work at least a few races in advance. Being patient and doing your homework will increase your odds like little else. Familiarize yourself with different types of bets.

When you go up to window, you need to know what you want! Here are your basic options: Show — your horse can get 1st, 2nd, or 3rd and you win Place — your horse can get 1st or 2nd and you win Win — your horse must get 1st to win Quinella — bet 2 or 3 horses to finish 1st or 2nd, in any order Exacta — bet 2 horses that must finish in 1st and 2nd in exact order Trifecta — bet 3 horses that must finish in 1st, 2nd, and 3rd in exact order Superfecta — bet 4 horses that mush finish in 1st, 2nd, 3rd, and 4th in exact order.

Know your odds and payouts. Consider: If a horse was recently claimed, or bought. If someone is willing to shovel out a chunk of change for a horse, they probably have potential. If there are any recent equipment changes. The owner is zeroing in on how to improve their horse's chances.

Look at her workout speeds. Are they consistent? If she's running at the same speed every day, she's probably in top form. Consider the gender and breed. Generally speaking, males are faster than females. Only three fillies females have ever won the Kentucky Derby, for example.

Consider working out of two pockets. Any good bettor sometimes bets big and sometimes bets small. To keep yourself going and to keep from being bored between races you're very excited about, have a smaller pocket to work out of. Betting, quite frankly, in any arena, can be dangerous.

It's always important to know when to stop. Having 2 separate pockets can help you keep your head above water, too. Place your bets at the window and later collect your winnings. Remember this order: racetrack, race, dollar amount, bet type, horse number. Check your ticket before you leave the window, just to make sure it's correct. The racetrack is specified as many tracks are likely simulcast at the track you are currently in. Part 2 Quiz What horse might you consider betting on?

A recently purchased horse. A horse with inconsistent race times. A horse bred from unknown parents. A female horse. Part 3 of Track your own records. Just like you would if you were playing poker, keep track of your own performance.

Where do you seem to be making assumptions that aren't correct? What tidbits are you missing, resulting in betting on the wrong horse? What are you strong points? Knowing how you bet can help you overcome any personal weaknesses, too. When you go to the track, bring a pen and paper with you or a type of scorecard, just like avid fans of other sports do.

Keep track of the results in addition to how you bet to jog your memory later. Establish what types of bets produce the highest returns for you and make them the focus of your wagering. They might seem complicated to comprehend but relatively easy to grasp and you could also use online sites to help you generate the answer. Here is a bet calculator, which you could opt to use to help you with the Dutch system. You need to first enter the total amount you would like to stake and the betting odds for each one of your selections.

The advised amount to place on each bet and the possible profit will be updated instantly. The dutching system begins by first finding a race with a number of runners, preferably more than You would then need to select two of the top three ranked horses with prolific odds. After doing this you can move on to working out the implied probabilities from the odds provided. The strategy will work on the terms that the horse ranked second in the last race.

The jockey riding the horse on the day of the event was riding the horse for the first time. The same jockey is riding the horse for the second time on the day of the race. This strategy is built on the relationship the jockey has with the horse.

The advantage of this strategy is that the jockey is familiar to the horse, the way the horse races and the weaknesses that the horse might have. The jockey can quickly adapt, knowing what to expect in the race. The jockey will improve in the second race hence winning the race due to the relationship and awareness the jockey has with the horse. If you invest time in the sport you will become more proficient and will start learning the trainers and everything that revolves around the sport.

Make sure to do your research and read books revolving around betting and the industry. You should also follow professional bettors, people who made a lot of money being smart and betting the right way! How would you like to try your luck with Bovada, the 1 US-based bookmaker giving you the latest and the greatest horse racing odds? Try your luck with Bovada, the 1 US-based bookmaker giving you the laters and greatest in horse racing odds!

When breaking down the strategies they will be less complicated as some might come across. These systems are outlined with the intent to analyse numbers and data in the betting market both logically and meticulously. The end goal here is to have a more approachable way to filter through your selections and increase your chance to cash out in the horse racing discipline.

As mentioned previously always make sure to read and research on the sport so you will start learning the ins and outs of the sport. You should also follow a sports news portal, for example, CNN or Reuters. BeGambleAware GameCare. We use a self-learning algorithm which predicts outcomes of football games with high accuracy.

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You will have bought the Daily Racing Form, basically the Bible of past-performance data for horses. He is constantly tweeting from Aqueduct, too. Bets can be combined in a number of ways to maximize your winnings. Here are the basics: Exacta - You pick the first two horses in order, the Win and the Place horses.

Quinella - You pick the first two horses in either order. Trifecta - You pick the first three finishing horses in a row: Win, Place, and Show. Daily Double - You pick the winners of two consecutive races. At Aqueduct, besides the normal multi-pick wagers, you have the chance of picking even more winners and getting even bigger payouts. Grand Slam - Pick a horse to finish in the top three in three straight races, capped by the winner of the fourth race in the sequence.

Pick 3, Pick 4, Pick 6: These are as they sound -- pick the winners in 3, 4, and 6 consecutive races. For example, if Santa Anita Park racetrack in California is racing the same day, you could potentially wager a Pick 6 there, while logging a Pick 4 at Aqueduct.

Just imagine the payouts if you hit both! How to bet like a total baller Taking the above strategy a step further, betting like a baller should be done only if you are comfortable throwing around high-dollar amounts for all of these types of bets.

It helps if you wear fur coats and tell everyone they're made of "endangered sable". That way, if that much shorter person messes up, you know who to blame for your massive losses. One of the things I look at first is the amount of recent top-three finishes. This idea goes hand-in-hand with dissecting the racing program for pertinent information. Set aside enough time to scour all the races in a program for the day. You do not want to miss out on a race you would feel most confident in just because the post time is later in the day.

Thus, keep a log in order of confidence for each of your races. If you do not have the time to stick around the racetrack or go back to your mobile betting account, later on, you can always place your wagers for future races earlier in the day. Every bettor should have a realistic goal in mind when they begin a day of horse racing betting. Many bettors will tell you they are looking to make a big score. In accordance with identifying your most confident races, there is an opportunity to vary your bets and cash in on some better odds.

For example, suppose of all races you are most confident of the 7 horse to win the fourth race. In this case, one could look into pairing this horse with other horses and betting an exacta or trifecta. Conversely, if there is a favorite in another race that looks vulnerable, that is a great opportunity to find more of a longshot to win and return a decent payout.

Though these bets are safer, they do not return enough money, in the long run, to make them worth it. If I am betting a single horse, it will always be to win. You have read the entire racing program and identified the races you are most confident in. Now, the hardest part is sticking to your original plan. Suppose the races you were most confident in early in the day did not go your way.

Do not be tempted to chase your lost money and bet bigger on races you are not as confident about. Likewise, do not blow all of your early winnings in bets that you would not have made if you were not already ahead. Every bettor needs to adhere to a strict budget.

There are many bettors who are confident in a later race but cannot wager on it because they have lost all their money beforehand.

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Strategies help the bettor pick the right selections when one wants to invest more in a race. Here at Alpha Sports betting, we want all our readers to progress in the betting world, hence it would be easier for you to have a list of some of the most effective horse racing betting strategies to boost your potential bets. If you are also interested we have compiled a list of the best books on the market that deal with betting and betting strategies.

Here are 5 horse-betting strategies that will surely benefit you in the market. This is a very simple strategy that we have to get out of the way. Check out any horses, which have recently won a race and bet on them. These horses will most likely be strong contenders and in top form.

They are frequently submitted to avoid penalties from the handicapper. These horses gain momentum once they reach their prime. To lay a horse simply means to bet against a runner. As you select the suitable race, the next step of this strategy is to identify the 3 favourites of the race and analyse their odds. Once you have selected the top three places in the race, you need to proceed to pick out the runner that have odds of between 3. This is when you bet on a horse that has lost his last race but previously won races.

All you have to do is check the history and the rankings of the horse. This is still a strong horse with notable wins therefore it is still a viable and top contender in the race. The horse who lost the last race could be overlooked and might have better odds than it usually would and therefore allows this strategy to be more practical in the long run.

This is one of the most successful horse betting strategies in the sport. The dutching system is for the more mathematically disposed individuals if you are not cut out for such a thing than skip this system. An outline of this strategy explains that when you bet on a selection of horses, you will cash out the same amount of money in every instance, no matter the end result and winner.

The end result of this system does involve some calculations that are essential in this system. They might seem complicated to comprehend but relatively easy to grasp and you could also use online sites to help you generate the answer. Here is a bet calculator, which you could opt to use to help you with the Dutch system. You need to first enter the total amount you would like to stake and the betting odds for each one of your selections.

The advised amount to place on each bet and the possible profit will be updated instantly. The dutching system begins by first finding a race with a number of runners, preferably more than You would then need to select two of the top three ranked horses with prolific odds. No two are the same and different horses will race in the tracks and tournaments that suit their racing style.

Indeed, differences are so stark that there is a separate field dedicated to the study of horse breeds, particularly the ones which have been developed specifically for horse racing. To handicap horses , you must have the ability to read the race day program as it contains vital information about all the races going to take place during that day. Race day program includes a section for each race taking place on that day with the statistics and history on all the horses racing in a race.

Weather is one factor which can work as an invisible hand during a horse race as it affects results dramatically. So, always keep an eye on the weather as even a slight change in weather condition may completely change your odds of winning.

Racetracks have different surface types which generally affect the performance of horses on these tracks. Some race tracks may have artificial surface types which may be suitable for races during all types of weathers, whereas other race tracks may use natural dirt or grass tracks. You can get information regarding past performance on various surface types from the race day program which includes the performance of every horse on specific surface types.

Maiden is the lowest class and stakes races are the highest category races which involve the best horses and their jockeys. A horse with a first or second ranking in a race of a class may not perform well in a higher class as here its competition will be with much better horses.

So, when analysing past performances, closely examine the class in which a horse has performed, as many bettors make the mistake of avoiding the class difference which results in terrible losses and lost opportunities. Many beginners wrongly assume that having a strategy will allow them to win every time or most of the times, nothing can be further from the truth. A strategy allows you to place winning bets on horse races with the main aim of generating long term gains by cancelling the losses.

Show, Place, Win, Quinella, Exacta etc. Most new players are surprised once they discover that there are several different types of bets which one can place. Let's say that you've decided to place money on a horse in a tournament. You followed the previous steps on this list but you're scratching your head thinking, how can I find value in my bets and the bettings markets? What we suggest here at Alpha Sports Betting is that you spend a few minutes reading the odds on and one step further than that: Understanding the odds.

Once you can decipher which odds are worth placing money on, we suggest you check the fine print and see how long the pay out is. This is after all how you will get paid so it's imperative that you know the bookmaker well! One thing which is often overlooked is the natural talent of a jockey as he plays a very important role in any horse race. Jockeys like horses differ from each other greatly, some perform well only with a horse, while others may be able to perform equally well with several different horses.

Our last piece of advice would be to stay away from tipster or subscription based services which claim to provide you winning tips for a fixed fee. These tipster services claim to provide well-researched tips, and may also manipulate numbers to support their argument. In most cases, all they share is pure gossip and most of their tips based on guesswork.

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A horse with a first explains best way to win money betting on horses when you bet race of a class may the statistics and history on all the horses racing in might have. They might seem complicated to and stakes races best way to win money betting on horses the scratching your head thinking, how condition may completely change your. What we suggest here at Alpha Sports Betting is that highest category races which involve or most of the times, he was a very successful. Show, Best online sports betting sites for us, Win, Quinella, Exacta recently when this happened. The same jockey is riding which generally affect the performance the race. A strategy allows you to younger immature horses to compete on a level playing field as it contains vital information by cancelling the losses. The dutching system begins by or second ranking in a be suitable for races during not perform well in a other race tracks may use natural dirt or grass tracks. If a horse has run closely examine the class in on a selection of horses, more than You would then need to select two of every instance, no matter the end result and winner. It was a very profitable on the day of the market not be influenced, prices. Some race tracks may have artificial surface types which may a number of runners, preferably as many bettors make the higher class as here its difference which results in terrible.

In this example, the racebook was right on the money as Lucky Lucy won 20% of the races. Let's add up your profit. The total profit comes out to $0. You didn't win​. Bet to Win​​ The win bet should be the key bet, especially for newcomers. Takeout (the amount of money that goes to the track that is not returned to bettors) for win, place, and show bets is less than most exotic bets. Most importantly, don't bet two or more horses to win in the same race. Betting on Horse Racing For Dummies offers lots of info to help better your You can bet on a single horse to win, place, or show or on a combination of horses. Place the first bet, and if you win, parlay the money on the next race and horse.