What is a Smart Bet in Horse Racing?

Investing in anything carries risk, otherwise, there would be no value. I don’t care if you’re picking winners at the race track or a mutual fund for your retirement account, the greater the risk, the greater the reward and also, the greater the chance of losing your money. So how do you weight the reward against the risk in something as tricky as horse racing handicapping and horse racing betting?

I call them fair value bets, but I am sure I didn’t originate that phrase. Any good horse racing betting sytem should tell you several things. First of all, it should tell you how likely a horse is to win the race, which also tells you how likely it is to lose. That is the risk factor. If you handicap a race and see that horse “A” has a 50% chance of winning the race, then it has a 50% risk factor, because if it loses, you lose everything you’ve bet on it.

Once you establish a horse’s risk factor, then the next step is to check the odds board to see what the crowd has set as a selling price on that horse’s futures. If a minimum $ 2 wager will return more than $ 4.00 then the horse is in a positive position and may be considered depending upon several other factors.

The first thing to consider when you are determining if the horse has fair value, is whether it is in a positive position. Since horse A is in a positive position, the next thing to determine is if it is over your minimum return limit. If you know how much money you will invest over the course of a day, month, year, then you also can determine how much of a return you need to make a projected goal.

Let’s say you plan on investing $ 100,000 in bets in the course of a year. You want to make $ 20,000 profit. That means you need at least a 20% return on your bets. If the odds indicate that horse A will indeed return that much profit, then you may wager on that runner.

However, there is something else to be considered and this is the tricky part of horse racing handicapping and betting that separates the winners from the losers. You have to do a gut check and decide if it is truly a good bet. Based on years of experience you must be able to tell if the hrose really is a good value. Statistics alone are not enough.

The best investors in the world use hard solid facts and good research to determine if an investment is good, but the best of the best also have good instincts and can smell a bad deal. If you are uneasy about the bet, keep checking the facts even though you know they are positive, if it just doesn’t feel right, don’t make the bet. Picking winners requires good knowledge and lots of practice. Intuition is one of the tools that will help you to make a profit from your bets.

The most consistent horse racing systems have to have the basics and a handicapper must understand the basics. I have been around horse racing for 50 years including as an owner. Without the basics the rest is not going to do any good. If you want to learn how a horse owner and insider handicaps just go to http://williewins.homestead.com/truecb.html and get the truth.

Find More Lamborghini Aventador Race Articles

Be the first to comment

Leave a Reply

Your email address will not be published.


*


Time limit is exhausted. Please reload the CAPTCHA.