How to Avoid the Worst Bet in Horse Racing

While a lot of people spend their days looking for the best bet in horse racing

, few people spend their time looking for the worst bet. That is a huge mistake. Let me ask you this, do you know what the worst bet in horse racing is? If not, how do you know you aren't making that losing wager every day and that is why you can't make a profit at the horses? While looking for good wagers, you should also be avoiding the bad ones and you can't do that unless you can identify them.

By now, you should be asking yourself, "Am I throwing my money away every day on a low percentage bet?"

Before we get into that problem, let's look at horse racing betting and answer a few questions you may have. First of all, what constitutes a profitable wager or a smart bet? They are, after all, one in the same. By smart, I don't mean you'll win every time, I just mean you will make a profit if you make the wager enough times. For instance, if a wager typically pays $6 and you will win it 50% of the time, that is a profit of $2 for every $4 wagered or fifty percent. That, as they say, is better than you'll get from a bank.

So in order to rate a wager you have to look at two things, how often does it win and what does it pay? Using simple math skills you can then figure out which ones are positive and which ones are negative. It is a simple equation but believe it or not, 9 out of 10 people who will go to the horse races today will not be able to give you those figures on the bets they make.

Those are the people you are trying to beat. Do you see a method starting to emerge? I don't care what type of bet that it is that you like, if you figure out a time when it is profitable, whether you wager to win, place, show, exactas, pick threes, etc., you will beat the crowd if you can do that simple equation. If you can't tell yourself why a wager is good before the race goes off, then you shouldn't make the wager.

Ask most people at the horse races why they just put their money down on a horse or a combination bet and they will usually say, "Because I think that horse is going to win the race." If they say that to you will have a pretty good idea of how sophisticated their gambling skills are and what their chances of winning might be. Unless they have a lucky day they are going home a loser.

It is almost impossible to pick enough winners to make a profit without considering the odds, but if you do look at the odds and understand them, you do have a good chance to win. So which bet is the worst bet in horse racing? I call it the blind bet. It is one where you don't know what the expected return on your investment will be.

How to Avoid the Worst Bet in Horse Racing

By: Bill Peterson

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