Do you want to win money at the horse races? If you?d like to be able to go to a horse track or off track betting parlor and cash winning tickets, here is some advice. First of all, there are no guarantees in life and that?s particularly true at the horse races so never gamble with more than you can afford to lose. Wagering on horse races is extremely risky. On the other hand, it can be thrilling, exciting, fun, and sometimes even financially rewarding.
Belmont Stakes 2011 ? Horse Racing Betting Preview: ? The 2011 Belmont Stakes doesn?t have a Triple Crown contender and also does not really have a clear star horse, sportsbook manager A?
If you are new to betting on horse races and you?d like to give it a try, and you do not have any friends to help you, you can often find a simple betting guide in the racing program sold at most race tracks. There are many ways to bet on a horse race, but the simplest bet and often the best one to make, is the straight win bet. Betting to win is the first place to start.
Once you have acquired some skill in evaluating the horses and determining the chances of each one winning or finishing in second place or third place, you can try some exotic bets such as exactas and trifectas, and maybe even a pick three. For now, however, stick with the win bet.
If you are going to wager on horse races you should have some understanding of the odds. The odds for each horse are on the tote board in the infield of the race track and often also on television monitors throughout the track. Be careful when using the monitors, however, because some race tracks simulcast races from other tracks and you may be looking at the odds for a race at one of those simulcast tracks.
The odds are determined by how much money is bet on each horse to win. As a general rule, the odds are a good predictor of each runner?s chances of winning, minus the money that?s taken out of the pools to run the track and pay the state. The takeout, or vig, as it?s sometimes called, varies but is usually between 15%-20%. Let?s say the vig is 20% at the race track where you?re betting. IF the bettors wager 10,000 to win on a race, the people who hold a winning ticket will share 8,000 between them based on the amount they bet.
If possible study the next few paragraphs with care, the issue and the fixes have some variations. The odds on each horse tell you what each bettor will get. For instance, if the minimum bet is two dollars and the odds on the winner are 2-1, each two dollars win ticket will be worth 6. That is because you get back two times your bet of two dollars plus you also get back the actual amount of money that you bet. If you bet ten dollars on a horse and it wins at 2-1, you get two X ten dollars = 20, plus the ten dollars you bet for a total of 30. Therefore, at odds of 2-1, you triple your money.
I highly recommend you examine this particular blog post cautiously, the challenge and the alternatives have various differences. The favorite, also known as the chalk, is the horse with the most money bet on it and therefore, the lowest odds of all runners in the race. Favorites usually win about a third of the time, which means, of course, that they lose about 2 out of 3 races. No other horse in the race, based on the post time odds, is as likely to win as the favorite, therefore, it?s the single most likely horse to win. Does that make it a good bet? Even though they win more than the other horses, because they?re bet down and you must also pay the takeout, favorites aren?t a profitable wager.
The only way to make a profit betting on horse races is to be lucky and/or become a skilled handicapper.
If you want to learn how a horse owner and insider handicaps just go to http://horse-racing-handicapping.co 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.
Horse Betting Picks ? 2011 Saratoga Race Odds ? Horse Track Horse Betting offers Saratoga Betting Picks. Our mission is to help you make money by Wagering on Horse Racing this 2011. Our handicapping team has the
Source: http://top-sportsbetting.com/horse-racing-betting-guidelines-for-winning-wagers/
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