Are you planning to make an ongoing habit of handicapping and horse race betting? Then you need to understand that it is a contestant learning and adaptation process. It is the nature of gambling in pari-mutuel wagering.
There are people who invest a lot in betting, but they tend to make mistakes because of a lack of advice and management. These unintentional mistakes can turn in a loss of money and time. Thus, if you plan to stay for a long time in this game, there is an urgent need to understand a few tips and tricks.
Prepare & Plan
It looks quite simple that before starting any work, you need to get prepared or plan. Well, that’s the foremost tip that needs to be taken into consideration. It would help if you worked in advance to know which races you have a strong opinion about. Nobody wants to get the second-to-last or last race on the card. And uncover your most liked horse after investing 90% of your money that you have budgeted. So it’s better to prepare and plan. You can even take a value betting service to ensure that your money is not wasted, and instead, you win more bets.
Budget Intelligently
This is the hardest part when you want to spend more and put your money on more than two or three races, but you need to take a back seat and plan. Yes! It isn’t easy but budgeting your money as per the races can make you win them. For example, if you have $200 for 20 races, why would you bet $10 per race? Instead, if you love two or three horses, then create an intelligent strategy and just bet most of your budgeted money on those two or three horses where you have a strong opinion of winning. You can bet a few bucks on races that you are not strong about and leave the most of your budget for your top plays for more action.
Demand a Price
There is a price in searching horses that are slam dunks to win, but that value may be leaving the race entirely or recognizing longshots to fill in underneath for superfectas, exactas, or trifectas.
A horse you believe has more chances to win by analyzing morning-line odds when planning or live odds at the time of betting; your top plays should provide value. If you believe a horse has a 25% probability of winning and the odds are 5-1, now that’s the value. If you believe a horse has a 10%-15% probability of winning and gets 15-1 to 20-1, that is an excellent value.
Bet to Win
People spend their early betting days creating across-the-board bets, mainly when landed on a longshot. But when they are not playing exotics bets, they tend to come around to betting nearly straight win bets.
In case you make three considerable win bets on horses and that too at a good value, you only require one winner to make a significant profit. If two-thirds of that money is engaged in place and bets, you may require all three to run smoothly. If you are a newcomer, then a winning bet must be the critical bet for you. Withdraw for a place, show bets and win, and don’t bet 2 or 3 horses succeed in a similar race.
Aim High
Most experienced people like to play exotic bets like Pick 4s and trifectas because they have a massive chance of winning. The enticement of horse racing when it is compared with sports betting is the opportunity to win a bundle without even endangering that similar bundle.
To win and make more money try to find our methods of using your top plays. Remember, you always have the straight win bet to bring into play if you are unable to string together a multi-race wager or trifecta you feel really confident about. But you could be looking at an extreme score if you link a few reasonable prices around or beneath an 8-1 to play.
Recognize Vulnerable Favorites
Experts say that handicapping is not simply about choosing the winner. The colossal opportunity knocks on your door when you recognize a favorite as vulnerable or discover various favorites that you have no interest in betting. In exotic bets, that’s an excellent spot to make a stand.
Think about it: A critical percentage of the additional tickets likely will contain those favorites. At the same time, your resources are not bound to them, rather devoted to searching for better value somewhere else on the ticket.
BONUS POINT:
When You Place Your Bet What to Tell to the Teller?
People who are betting for the first time might get a little scared and confused about what to say to the teller. This one is for them.
If you are physically present at the racetrack, then it is recommended to use a human teller. There are automatic tellers available, but they usually have a huge line. The risk of punching a wrong button out of excitement and first-time betting hurry is there when you use an automatic teller. In this case, the human teller is quite friendly, fast, and accurate.
You need to be ready with the money in your hand. Things usually are moving faster at the counter, particularly a few minutes before the post. Nobody wants to be the person who is fumbling through their wallet while others are waiting for their number.
Once you are all set and standing in front of the counter, here is your script:
- Convey the teller the Racetrack and race number
- Let the teller know the amount of your bet
- Tell the teller about the sorts of bet you’re placing
- Convey the horse’s program number
For example: “Churchill Downs, race eight, $10 to win on #4.”
Now give the teller money and take your ticket. Remember, you safely keep it in a safe place. You will require it to claim your winning money.
Conclusion
Be it sports, games, or betting; you need to understand the tricks and tips to win it. Mastery doesn’t come overnight, so read the points mentioned above and play wisely to win.
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