How to Make Money Handicapping Horse Races and Betting on …

August 8, 2015 By Leave a Comment

There are thousands of people trying to make a living from horse racing by handicapping the horse races and then betting on horse races. There are many more people, perhaps millions around the world, trying to make money betting on horse races depending upon luck or some other system to be a winner.

For some people, horse racing handicapping is an intellectual sport and they prepare themselves and work hard at it. The ones who depend upon luck or some other esoteric method are more like lottery players than handicappers, but the thing they all have in common is that all there money goes into the same pool and some from each group will be successful while many will not.

Your chances of success are much greater if you educate yourself, prepare, practice, and work hard, but there are no guarantees. If the success rate for handicappers is 5-10% then it is probably 1-2% for those depending upon luck.

On the other hand, the ones who depend upon luck invest nothing but money and very little time. The only work they do is to walk into the club house and maybe read a simple list of horses and riders. The thrill of winning is probably pretty close to the same for each group, though the handicappers also have the satisfaction of working hard and getting rewarded for it.

The big advantage that the handicapper has over the gambler is that he or she has an idea of each horse’s chances of winning and therefore, how much a horse has to pay to win in order to make money on such bets in the long run. That edge is what separates gamblers from handicappers and is why, in the long run, handicappers win more, but in all fairness, they don’t just win it, they earn it.

The way you make money handicapping and betting on horse races is in finding a good bet.

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Bill Peterson has 1 articles online

The most consistent horse racing systems have to have the basics and a handicapper must understand the basics. I have been around horse racing for 50 years including as an owner. Without the basics the rest is not going to do any good. 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.

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The Easy Way to Make Money Betting on Horse Races

March 1, 2015 By Leave a Comment

Here is the easiest way to make money betting on horse races.  First, start with a really good horse.  This is relative.  For instance, in a $5,000 claiming race, a horse that could race competitively in a $25,000 claimer would be considered a really good horse.  So what you are looking for is a situation with a horse that far out classes the competition.  I’ll explain two ways to find this situation.

First, the easiest and surest way to get this situation is to create it yourself.  You need to buy a horse.  It doesn’t have to be a great horse.  It does have to be sound enough to run some races.  Let’s say you buy a horse that just raced competitively in a $10,000 race.  The owner is considering dropping the horse into an $8,000 race.  He or she thinks that he may be able to win the race and get the purse, as well as cashing a ticket on his horse.  On the other hand, that is risky.  If you offer him $10,000 for the horse, he will probably sell it to you.

I know what you’re thinking, why buy a horse that just lost a $10,000 horse race for $10,000?  Why not just wait until it races for $8,000 and claim it?  Because you don’t want it to race for $8,000 just yet and when it does race for $8,000, you want it to lose badly.  Now, after you’ve bought said horse, the next step is to enter it in another $10,000 race and lose badly.

Now enter it in an $8,000 claimer and lose badly.  Of course, when I say lose badly I mean the jockey has to hold it back and make it lose by a huge margin.  This will scare any would-be claimers away from your horse.  Now it looks terrible and they start to suspect that it has a big time physical problem.  Front wraps on the horse are often a nice touch at this point to drive that home.  The next step is to lose again at the $8,000 level.

Now enter your horse in a $5,000 claimer.  Lose badly.  By this time you’ve spent a fortune on trainer fees and paying a jockey to hold the horse back.  Now enter the horse in another $5,000 claimer.  At this point it will probably also get a weight allowance from the racing secretary because it looks like the horse is over matched even in the $5,000 claimer.

Now give the rider the green light and go for the win.  Do not bet early on your horse to tip the crowd.  Steadily pour the money in and get as much as you can into the exotics as well so the money won’t be too obvious.  You will make a huge score.  Your trainer will get called into the racing secretary’s office to explain the dramatic turn around in form.  Racing secretaries have to do this.  Have the trainer tell the official that the horse had a problem like a blockage that affected its breathing and that once the problem was solved, the horse could run a big race.

Believe it or not, this very scenario happens all the time at the races and you, the bettor, are the one who is being scammed.  So what is plan B?  If you can’t afford to buy a horse and run this little scam yourself, the next best thing is to spot the wise guys who are.  Look for a horse that just keeps dropping and losing by big margins after doing fairly well in one race.  If you can spot one good race four or five back and then the horse starts dropping down the claiming ladder, something is up.

If the horse really had a problem that was that bad, why would they keep running it knowing they were going to lose?  The answer is that they wouldn’t.  The only reason that horse is running is to convince the betting public that it is a bad bet and can’t win.  It’s a set up.

Like I said.  Look for a horse that is dropping like this and also see if there was a change of ownership, either by sale or claim, around the time it had its one good race.  That is the tip off.
That is how you make money betting on horse races.

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Bill Peterson has 1 articles online

If you want to learn how a horse owner and insider handicaps just go to http://williewins.homestead.com/logshotrater.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.

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How Much Money Do You Want to Win at the Horse Races

April 23, 2013 By Leave a Comment

Do you have a set figure in mind when you go to the horse races?  Do you know how much money you want to win?  The amount you set for yourself, if you do set one, indicates how good or bad your chances are of leaving a winner.  Some people have no idea how much they want to win and simply say, “I hope I win a lot, but anything will be good.”

They think that by accepting any winning they are being realistic about their chances.  But nothing could be farther from the truth.  The people who have the best chance of winning money betting on horses are the ones who know the odds, probability, and mathematics of winning.  In other words, the people who set a figure or target based on how much money they start with.

But that is not all of it, they also know how much the vig is and what they have to overcome.  For instance, if the vig, including breakage, is 25%, then you know that you have to figure that in before you start to make a profit.  IN other words, you are investing a dollar, but your dollar only has the buying power of 75 cents.  You are automatically losing a quarter of your money before you get a chance to win.

Imagine if you called a stock broker and asked him to buy a stock for you and he said his fee was 25%.  You would hang up on him, wouldn’t you?  But that is exactly what happens every day when people bet on horse races.  Knowing how much money you have to start with, and how much you can reasonably expect to win, will help you to have a realistic expectation and that will help you to chose better bets.

You are playing a game when you handicap horse races.  I know that you may take it very seriously, but just like poker or any other gambling game, you are playing against other people and using your money against theirs to win.  That makes it a game.  The ones who win may have a little luck but they are also usually the ones who understand the game the best.  Here is what you need to understand about playing the horses to make money.  If you can beat the other players, make the 25% you have to make back just to break even, and then make anything above that, you are one of the elite few who has beaten the game.

Knowing that before you start betting will help you to choose the best bets.  Going to the race track with $100 and saying to yourself, “I am going to make $500 profit today,” is ridiculous.  Going to the race track with $200 and saying to yourself, I am going to go to the races with $200 five times and during those trips I hope to make a profit of $100, is much more realistic.

I know that doesn’t sound like much, but that just means you need more than $200 to be a serious horse player.  Under funding and unrealistic expectations, along with being unprepared, are the reasons so many people lose money playing horses.

If you want to win, set realistic goals and read good handicapping books and find good systems.  Leave the wishful thinking to the losers.

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Bill Peterson has 1 articles online

If you want to learn how a horse owner and insider handicaps just go to http://williewins.homestead.com/bestofbill.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.

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Problems With Betting on the Odds From the Toteboard at the Horse …

April 6, 2013 By Leave a Comment

There have been some excellent books written about betting on horses using the odds on the toteboard to find horses who are under bet and therefore a good wager.  Like a lot of things in life, these systems look good on paper and always seem to work out in the bettors favor.  Also, like many things in life, however, if it looks too good to be true, it probably is.  It is very difficult to make a profit off the board and here’s why.

First of all, half or more of the money that will be bet on the horses in any race is not totaled and the odds are not adjusted until after the final bell rings and you can no longer bet on the races.  When you look at the odds on the board at post time you are seeing the result of less than half the money that has been wagered on the race.  In other words, you’re getting less than half the story.

Now I’m not saying it’s impossible to profit from those figures you see, but I am saying it is very difficult and you’d better spend some time learning an important and extremely difficult skill.  I’m talking about being able to look at the odds and determine how they will shift after that bell.  Why do people bet off the board, though?  Because most of them don’t want to try to handicap off the program or can’t do it.

But the ability to prognosticate and come close to the odds that will result from the final tally are the only way to predict how they might shift.  One of the best ways to make money betting on horses is to handicap the program and set your own morning line odds on the horses, but rather than trying to predict what the odds will be at post time, try to determine fair value for each runner based on its ability.

Once you have a set figure for what a horse is really worth as a bet, then you’re next move is to with the board and see if you can find one that the crowd has underestimated, but of course, you won’t be getting the whole picture because only a portion of the money that will eventually be wagered on the race is revealed.  Now comes the tricky part that takes practice and skill, you must forecast how the odds will change after the bell.  You may develop that skill with practice, but trust me, you will have to work hard at it and that means there will be no easy money.

While there may be handicappers who can watch the tote board and squeeze a profit from it, they are few and far between and they work very hard for their money, just like anyone who makes a living from horse racing handicapping.

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Author Box
Bill Peterson has 1 articles online

If you want to learn how a horse owner and insider handicaps just go to http://williewins.homestead.com/sharpshooter2.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.

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