Horse Betting Secrets for A Better Chance of Winning

Betting on horses is a risky thing to do, but like any form of gambling or investing

, there are ways to reduce the risk. You can get a lot of free tips online about winners and ways to handicap a race, but the truth of the matter is, when you are investing your own money, the responsibility for finding the best deal is yours and yours alone. The really successful handicappers and bettors aren't giving anything away.

The whole secret to gambling and making a profit is to get an edge, in other words to have statistics or the odds in your favor. You have to become an expert on what wins and what doesn't win when betting. There are broad statistics that almost everyone knows, for instance, the favorite wins about a third of the races. Well that's helpful, isn't it? No, as a matter of fact that won't help you a bit.

In order to make money betting on horses you have to have a good system based on much more detailed information than that. If you go to the race track and think that you're going to make a killing knowing something that everyone else knows, you are delusional. Look at each race as a separate event and apply the statistics that are adjusted according to the conditions of the race.

There is a world of difference between a cheap maiden claiming race and a Grade l stakes race. There is a big difference between a Grade l stakes race for 4 year olds and up and a Grade l stakes race for 2 year olds. The statistics are not all the same. Looking more closely at those races you may find that favorites win 40% of the Grade l stakes for older horses and 25% of the maiden claiming races.

That is just scratching the surface, too. Smeared all over the internet and past performances are trainer stats that seem to help. For instance, trainer X has a horse in the third race that he just claimed and you see that he has a 40% win rate with horses first off the claim and the horse is going off at 5-1. Seems like a great deal, doesn't it? Unless, of course, you happen to dig deeper and find that he only wins first off the claim with horses at a different track or of a different gender or racing on a different surface, etc.

Those statistics are just a small example of the stats that you will encounter in a day of handicapping horse races and yet, they are enough to lead you to waste your money on fool's bets. The secret to making money betting horses is to become an expert and to specialize. That is how you will beat the crowd and the geniuses who stand around holding a program filled with misleading information and spouting irrelevant statistics. Dig deeper, and know just one good truth and you will have more than most handicappers. You don't have to know everything, just a few good true things.

Horse Betting Secrets for A Better Chance of Winning

By: Bill Peterson

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