Simple Truth to Make Money Betting on Horse Races
Image from page 154 of “Sargasso” (1920)
Image by Internet Archive Book Images
Year: 1920 (1920s)
Authors: Kokomo High School (Ind.)
Subjects: Kokomo High School (Ind.) High schools School yearbooks
Publisher: Kokomo, Ind. : Kokomo High School
Contributing Library: Allen County Public Library Genealogy Center
Digitizing Sponsor: Internet Archive
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As this day started a lot of men and women all over the world awakened with one dream and one goal, to make money betting on horses. Some of them are working very hard while others are depending on luck and a few of the smarter ones know it’s a combination of luck and skill that finally prevails.
Did you ever really think about what happens in horse racing handicapping? Each race is an event that many people try to evaluate and then they try to predict the result. One event viewed by many people in thousands of ways. Each jockey that rides in the race sees it his or her own way. Each trainer has looked at the conditions in the condition book and then made a decision about his or her horse and the race.
When you handicap, what you are really doing is trying to determine what each one of those people involved in the running of the race was thinking because that affects the final outcome. For instance, if a trainer decides his horse isn’t quite ready to win and will need one more race for conditioning, he may move it up a little in class to discourage anyone from claiming it and then run it in the race only for exercise. He may even tell the jockey not to win.
How many times have you seen a horse go to post with no money bet on it? How many horses have gone to post over the years with money bet on them and yet, they were not going to win because the connections didn’t want it to win or weren’t going to try? Your job as a horse player is to figure out who is trying to win and who isn’t. Then you have to decide if the odds on each runner are good odds or bad odds.
Finally, and this is very important. You have to look beyond the obvious if you want to make a profit. That is the simple truth I mentioned and here is how it is done. First of all, about two thirds of races end the way they should. If the favorite doesn’t win, then the second or third favorite does. The favorite is almost always over bet because it is the obvious choice The other two choices I just mentioned usually get late money from people looking for value and they are often over bet as well.
Your goal is to find the horse in the other third of the races where the expected doesn’t happen. It will usually be won by a horse that is not out of the top three. The simple truth that you must understand if you want to make money betting on horses is that horses that look like winners are over bet and don’t pay well enough to make you a profit.
How do you manage to find horses who don’t look like winners but who are going to win? It starts with practice and experience and following those trainers and jockeys I talked about earlier. Most bettors look at the horses and their past performances first. Then they look at the trainers and any obvious and easy trainer moves. For instance, they may read that trainer x has a 46% win rate with horses first off the claim. They latch onto that tidbit and bet trainer x’s horse down to 4-5 because he just claimed it. If you do the math, you’ll see that is a lousy bet. Why shouldn’t it be lousy? It is so obvious it just can’t be overlooked.
You have to go beyond those two steps and use your experience and notes if you’ve kept them to find a horse that is under bet. It isn’t easy and you’ll sit out a lot of races, but in the end, you’ll be one of the few people who not only wakes up with the dream of making money betting on horse races, but who also goes to sleep knowing you have done it again.
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. Bill Peterson is a former horse race owner and professional handicapper. To see all Bill’s horse racing material go to Horse Racing Handicapping, Bill’s handicapping store.