Betting on Horse Racing – Learning to Spot the Secret Signs to More Winners

There are many things to consider when betting on horse racing. Indeed so many that it can seem a daunting task with so many thousands of races throughout the year. There are key signs to look out for however if you want to consistently find more winners.

Nothing is set in stone and as with any form of gambling there are no guarantees. That said, if you learn to follow the advice below you are sure to start understanding when a bet on a certain horse may offer more value.

Given that one of the most difficult aspects of picking winners when betting on horse racing, is whether or not your selection is running to win on the day. You can often scratch your head in amazement in lower class races as horses that would seem to have less chance than others go in day after day!

What signs can you now look out for in order to back more winners?

Annual stable patterns

Firstly start to realise that sometimes results are not as random as they seem! Check the racing post to see which horse won the race last year and therefore which trainer. You will find many trainers targeting certain races throughout the year.

This may be because they have a good feel for the race and train one specifically for that event. Or that quite often certain stables start to perform at specific times of the year. This training ‘pattern’ is very worth keeping an eye out for. Nicky Henderson really starts to fire in November and early December, as Clive Britain tends to get his three year olds off to a flying start in April and Early May. These trends can change over time, but begin to understand that due to varying training methods and facilities, these patterns are not as random as you might first think!

Trainer Strike Rates

Making money long term betting on horse racing is about picking winners? To do that, if you consider that the more you focus on horses that cannot win a race the more likely you are to find a winner that can!

If you use this theory and start looking to find favourites that are short in price and can learn to get them beaten then you are on route to more betting success. So learning to use trainer strike rates when considering every bet is a shrewd and necessary method of form reading.

A 6/4 favourite that is being over hyped in the market from a yard that let’s say has a strike rate at this imaginary track today of zero winners from forty two attempts is most definitely worth taking on! One of the horses fancied with a bigger price from a yard with a twenty percent strike at the track is very likely to upset the favourite backers.

It is not your job as a punter betting on horse racing to work out why a trainer strikes well at a track. Just use the statistics to your advantage, as they do not lie! Let others follow in these false favourites and enjoy winning their money.

Betting on horse racing successfully is about thinking outside of the box, and where possible going against the common train of thought! Around 98% of punters lose, so the majority are not right most of the time! Really learn to use these tools above to start uncovering more winners at the races when betting on horse racing.

Horse Racing Tips – Who Can You Trust?

Horse racing tips are something that people at the racetrack are always trying to get their hands on. If someone has a hot tip about a horse in the second race, other race fans will clamor to know everything about it. After all, everyone at a racetrack can use a little help every now and then when it comes to picking a winning horse.

Ideally horse racing tips would be insider tips from the owner or a jockey’s agent. Of course 99.9% of the gamblers at the racetrack do not have that kind of information. There are many phone services and online handicapping services that claim to have such information. But because they cannot “reveal” their sources, the whole idea of it is sort of sketchy at best. We’ve all called these praying for it to be true and all you’d have to do is plop a $200 win bet on a nice $30 lock – but somehow those tips NEVER seem to pan out that way.

The best kinds of horse racing tips that people are using today are not really tips at all. Many avid horse racing gamblers have discovered certain gambling systems that allow them to plug in stats and other variables to produce a prediction relating to the horse that truly has the best chance of winning the race. Although these systems are not a quick way to get rich, it is possible to make a good amount of cash over the long haul.

These wagering systems give you a much better chance of picking horses that should win each race. By using a gambling system, it is possible to take away some of the luck that many people believe is a part of the game.

Remember the best system will include spot betting, hedging your picks and wise money management. There have been many systems floating and re-appearing in the mail and online claiming to be “new” and most are the same old same old.

The best case scenario is a “try before you buy” strategy. Track the sellers picks (free work best) and then determine if their horse racing system is for you. Or you can create one yourself. I’ll show you how in an article I’ll be posting soon.

See you in the winners circle!

Great Record Keeping Leads to Horse Racing Handicapping Success

Do you cringe when you see horseplayers toss their non-winning tickets on the ground at the track or on the floor of the Off Track Betting (OTB) parlor? You should. Good record keeping in any endeavor leads to success. This not only applies to your cash management, but your handicapping as well.

The Tax Man Cometh

Your tickets are the basis for good record keeping both for cash management purposes as well as handicapping. According to the Internal Revenue Service (IRS), “Gambling income includes, but is not limited to, winnings from lotteries, raffles, horse races, and casinos. It includes cash winnings and also the fair market value of prizes such as cars and trips.”

A winning ticket over $600 (USD) requires the track or OTB to forward your information to the IRS. Commonly called a “signer” in horseplayer parlance, the track has you fill out a form with all the pertinent information required by the IRS and in turn you receive a “W-2G” from the payer. Should your handicapping lead to this kind of success, it is very important to save your losing tickets. You can then offset your winnings.

In order to offset your winnings you must claim your full winnings on line 21 on IRS form 1040 (2009) and then deduct your losses on IRS form 1040, schedule A. Your losses claimed cannot exceed your total winnings. However to do so you must have accurate back-up records. Again, according to the IRS, these records must include date and type of wager, name and address or location of gambling venue, amount won or lost, and believe it or not, the names of the people with you. Those tickets contain most of this information, which is why they are so important.

Record Keeping for Handicapping Success

Those tickets are important as are the notations you make on your past performance sheets for each race. Utilizing this combined information can lead you to further handicapping success. It enables you to see what type of race (conditions) you handicap the best. With accurate record keeping you can go back and examine what wagering angles you are good at and what you missed in certain types of races. More importantly, you can evaluate your overall handicapping statistics. Great records that help you analyze race-by-race, conditions by conditions, distance-by-distance, trainers and jockeys, and wagering interests (horses) give you a superb review of your strengths and weaknesses in your handicapping. Careful notations of key horse performances help you identify those that are improving which in turn helps you make a great choice next time out.

Great record keeping will lead you to handicapping success and keep the taxman from muddying up your day. Start now. Begin your journey to handicapping success.

Horse Betting Racing Secret Systems – Punting Tips You Take to the Bank

Let’s face it, making money with horse bet racing is tough. Trying to beat the bookies is a scam, they collect all of the betting money from punters, and then drop the odds off the map seconds before the race starts, leaving you and every other punter out there “hung out to dry”, even if you picked the winner. However, there are still so many proven ways to take consistent winnings with the proper horse betting racing system.

The truth is that 95% of all punters do not make any winnings consistently. This is not because they don’t want to win or are not putting enough effort into their selection processes, but more often than not, this is because the horse bet racing system they use themselves is weak or flawed.

There is a distinct horse betting formula which professional punters use to pull consistent, even full time incomes from horse bet racing. Betting secrets which professionals have spent years developing as well as hiding from the general public. I am going to provide you with a basic overview of the horse betting process and some tips to get you punting with success right off the bat.

1.) This you may find pretty standard, but if you don’t know anything about horse bet racing, or reading racing forms, follow closely. Start by looking at the daily racing form. These are available at the track, a newsstand, bookstore, or you can simply go to the internet. You are going to need to know some of the basics about reading the racing form because this can make all of the difference between a successful and unsuccessful horse betting run.

Reading the days racing form gives us an overview for all of the days events. Which horses will be running, which jockeys will be running, who is the favorite horse before the betting can begin, what time are the races scheduled, etc. Reading the racing form is a must if you are serious about making money through horse betting racing.

2.) You want to gauge each horse in the race field to get an idea of how they have been running in their past events, this is called a horses “form”. Take a look at their past 3 races, how has each horse competed? What place and time did they finish? The speed figures are listed in the racing form and you can then compare a horses average speed and position against other horses in the racing field.

Also, take a look at the distance of the last 3 races each horse has ran. How does the horses last race distances compare to the current days race? Think of it this way, lets say a horse has done well in their last 3 races at 800 meters, maybe even finishing in the money. Now, if the race that particular horse is running today is 1500 meters, we are going to have to be very careful in analyzing the other horses in the racing field. The change in race distance can be negative because the horse may be a better choice at its previously successful distances. So, just because a horse has done well in their last few showings, it does not mean they are ever guaranteed to win. These are just some basic questions you need to learn the answer to before placing any wagers.

3.) Look in depth into the jockey who is riding the horse you may consider betting on. A good jockey can be the difference between a strong finish and your horses potential not being used properly. Take a look at the racing form and see how each jockey stacks up against one another. Some jockey’s are “young” in the horse racing world and may have never even won a race before, while others can be some of the most coveted jockeys in the horse betting racing league. So be sure to see who is riding each horse in a racing field, usually there will be some well known names that stick out above the rest.

4.) Finally, you should look at the favorites in each and every race. Favorites statistically win 30-40% of the time so always be sure to look at a favorite very carefully. There can be different levels of favorites as well. A super favorite may be a horse that seems leagues above the other horses in their particular racing filed, but more often that not each race will have several horses that could be considered a favorite. When this happens you want to be even more careful with your selection process. There are ways to place tri-fecta and quinela wagers which can cover all of your tracks, that is getting into a bit more complicated horse betting secrets though.

The truth is that there is a distinct formula to consistent winnings with horse bet racing secrets. Knowing where, when, and how to act can make all of the difference between a horse betting system that produces consistent results and one that may strike a winner here or there. Horse bet racing is gambling, there is no other way to put it. So there is always going to be some risk involved, but with a well disciplined horse betting racing system you can very easily earn steady profits from smart horse bet racing tactics and take the “gambling” completely out of the equation.

Overcoming the Vig is the Secret to Making Money on Horse Racing Bets

The vig, short for vigorish, is the amount of money taken out of the pools at the track before the winners are paid. For instance, if the bettors wager a total of $10,000 to win in a race, there is a total of $10,000 in the win pool. However, when the race is over and the winners are paid, $10,000 isn’t the amount that gets distributed amongst the winners. It is far less because the track has to take out a certain amount that is determined by the state. That’s the vig.

Part of the money that is taken out is paid to the state and the rest is the track’s share. So let’s say that the vig is 18% and there is $10,000 in the pool. After the race you would expect $8,200 to be distributed among the winners, right? Sorry, it’s not that easy. You see, there is also breakage. What get’s broken and how come you have to pay for it? Why doesn’t the clumsy oaf who dropped it or sat on it and broke it pay for it?

No, no, breakage doesn’t mean something actually got broke, it means that race tracks pay out in nickels and dimes, not pennies, so they get to round a bet down to the nearest nickel or dime. For instance, if a bet would normally pay $6.55, the race track gets to keep the nickel and you get $6.50. Talk about being nickel and dimed!

That breakage may not seem like much, but if you bet $100 and would receive $4.05 for every two dollars bet, but instead receive $4.00, you’ve just donated $2.50 to the track so their tellers don’t have to deal with handling pennies. That’s another 2.5% out of your winnings, too. That $2.50 can really add up after a while, especially if you are trying to make a living by betting on the horse races.

As if overcoming the vig isn’t bad enough, there are other expenses involved in horse racing wagering. On the last day of January I decided to go the horse races. I wasn’t interested in the races at Santa Anita, so I decided to play the simulcasts from Golden Gate Fields. I figured I’d go to Hollywood Park since they didn’t have live racing there and it figured to be much less crowded.

However, what I didn’t take into account was the fact that it was dollar day at Santa Anita so I could have gotten in for $1. When I got to Hollywood, they charged me $7 just for the privilege of going in and watching and wagering on simulcast races. Seven bucks right off the top before I even made a bet or bought a hot dog.

It is at times like these that I ask myself why I don’t just go gamble in a casino where I can park and enter for free and also get a free meal after I’ve gambled for a few hours. $7 to bet on simulcast races? Then they have the nerve to complain because attendance at the races is declining. Gee I can’t figure out why, can you? The last time I went to Santa Anita, I had to pay to park, pay to get in, pay for a racing form. By the time I was done I had invested a small fortune and hadn’t even made a bet.

With all the ways there are to gamble or be entertained now, you would think the tracks would get a clue and start to help us horse players out. As money gets tighter, and it is, the tracks are really going to have to start being creative. Horse players can sit in their own homes now and play the races over the internet. While some of those services do charge you to deposit money, another sore subject with me, at least you are at home and not paying to get into a race track that isn’t even offering live racing.

Well enough of the ranting and raving, I think you get the idea and I hope the race tracks do, too. I’d hate to see racing fade any more than it already has but if it does, it will be because management dove it into the ground. They have a thrilling, live drama, that people can bet on and take part in as gamblers. It is a great product but they can ruin it if they don’t start trying to offer more to the players.

Back to the vig. My expenses for the day were the gas I put in my car to get to the track, the $7 I paid for the privilege of entering the track, the past performances I bought so I could handicap the races, the food I bought while I was at the track. By the time I was done, my expenses were $20. Add that to the breakage and vig and you can see that I would have to make some very good bets that paid well in order to make a profit that made a day of handicapping and travel worthwhile.

That is what you are up against if you are trying to make a profit from betting on horse races, so here is some advice. Cut your costs as much as you possibly can. Get the deals online for past performances. Place your wagers through whatever venue is legally available to you and watch all those incidental expenses that eat away your profit.

It is possible to make money from betting on horse races, but there will always be people who are trying to take as much of it away from you as they possibly can and the first ones standing in that line are the tracks themselves.

Enjoy your days at the races.