Easiest way to make money on horse racing

People have been betting on horse races since horses have been running. Betting on Horse Racing For Dummies offers lots of info to help better your odds including advice on what to pay attention to and what tools can help you at the track as well as the mechanics of placing a bet, the types of bets you can place, and your odds of winning. The following list spells out the betting procedure step by step:. You can bet on a single horse to win, place, or show or on a combination of horses. Along with your sunscreen or umbrella! You may want binoculars to see your favorite pass the finish line, but the tools in easiest way to make money on horse racing following list are even more useful when it comes to actually placing your bets:. Racetrack program: Like a program at a baseball game, it has information on all the players. In this case, the players are the horses, jockeys, trainers, and owners. Public handicapper selections : If your racetrack or OTB off-track betting is covered by the local newspaper, they may pay a handicapper to make daily horse selections. Cost is 50 cents.

Where can I bet on horse racing?

The most frequent question we get asked is «Can you really make money betting on horses? However, very few people will show a consistent profit betting on horses because they lack the ability to handicap using a consistent method and they do not have the discipline to adhere to a consistent money management system. Betmix is a handicapping tool that was developed to provide a consistent approach to handicapping. It allows you to create a handicapping «system» and apply it consistently to each race you look at. If you have created a mix for handicapping 6 furlong Claiming races at Gulfstream, you can instantly handicap every race in the same way. You can certainly do that using the racing form or some other tool, but not with the same speed and exactness that Betmix provides. If you are using the Racing Form, pencils and a calculator to handicap every race at Gulfstream it could take you hours and there is no guarantee that you added up everything correctly or that you didn’t miss a key data point for a horse. With Betmix you can handicap an entire card in seconds and see which races you should be playing, and where you might have the best advantage. When you bet on horses, you are betting against the crowd, not against the house like in a casino. When you win money at the race track you are taking money away from the other people who bet on the same race as you. You have to work harder and be smarter than the people you are playing against in order to win money consistently. Betmix gives you that advantage.

Laying of a favourite, also known as false favourite

You can devise a mix and then test it against historical races to see how it performed over the course of a meet. When you apply that mix to future races you will have the data to prove that you are making a smart choice and be able to bet with confidence. You can’t bet every race. That should be obvious to most players, but it can’t be emphasized enough. If you bet every race you encounter you are going to lose money. You have to pick your spots — races where you have determined that a particular horse has a better chance of winning than the rest of the field, and have the numbers and historical data to back it up. Even then, you are not going to win every time, but with a solid money management system you will be able to overcome the losses and show a profit in the long run.

Tip #2- Make Different Kinds of Bets

Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. These offers do not represent all deposit accounts available. It’s May, and the sound of thundering hoof beats is in the air. The Kentucky Derby is right around the corner, followed by the remaining races toward the coveted Triple Crown. Here are a few horseracing tips to keep in mind as you trot up to the horse betting window at Churchill Downs or log on to your favorite wagering website. When you’ve narrowed down the field to a few horses you like, it’s time to find out what the experts think of your choices. Check the morning line — the odds assigned to each horse by professional racetrack handicappers before anyone starts betting on the race. This reflects who the handicappers think will win. Morning line odds are typically stated right next to the horse’s name in the program or online race card with the notation «ML. The problem with that bet, of course, is that you’re more likely to be holding a worthless betting ticket in your hand when the race is over rather than a wad of cash.

How Odds Affect Your Wager

Just because you came in first in the loser’s bracket of your fantasy league does not mean you’re a seasoned gambler, which is why we’re here with an easy-to-follow guide on how exactly to make money at the racetrack, whether you’re a beginner, a veteran, or just a really, really rich person who is bored of only hanging out on private islands. Taking the above strategy a step further, betting like a baller should be done only if you are comfortable throwing around high-dollar amounts for all of these types of bets. It helps if you wear fur coats and tell everyone they’re made of «endangered sable». Share on Facebook Tweet this article Pin it Email. Share on Facebook Pin it. You will have bought the Daily Racing Form, basically the Bible of past-performance data for horses.

What is the easiest way to win laying horses?

If you do not want to waste time learning any of the strategies above then you must pay to get the information so we recommend subscribing to the best laying tipsters. What the «Going» is in Horse Racing. Only deposits made using Cards or Paypal will qualify for this promotion. Exchange bets excluded. Deposit and bonus amount must be wagered 10 times min odds Evens prior to bonus funds and associated winnings becoming withdrawable. Cashout bets do not contribute. Long-term, this will lose you money, especially as many bookmakers offer Best Odds Guaranteed promotions, meaning you get paid out at higher odds if the odds do increase before the race starts anyway.

Tip #1- Do Your Homework!

Types of Bets and How They Work. Jockeying requires extreme skill and the best in the world are in-demand, with lucrative easifst up for grabs. So this means if your horse is shortening in price, you can cash out to lock in a profit no matter what happens. Who are the best horses in horse racing? Also look at the type of location its won at, did it win a rural event and racihg now competing in a metropolitan area? If you it has lost twice at odds below 1. Lets now look into each strategy in detail and you can then choose which method suits you to start making money from laying horses on Maje. Maximum 30 Free Spins on selected games. Look to see how low it went in the in play betting market. Bonus will expire after 7 days of opt-in. Related posts November 29th,

How to Place a Wager on a Horse Race

In the following post I am going to show you different ways on how to make money laying horses on Betfair. It is one of the best ways to increase your winnings from horse racing as it gives you another option that up until the onset of betting exchanges was hard to master. Before betting exchanges were in existence, if you wanted to lay a favourite, you would have to back all the other horses in the race!

Now with Betfair exchange, you can simply click a button and lay a favourite, or indeed any number of horses in a race. If you fancy becoming better at spotting favourites that are going to lose and therefore spotting where the value is in the market, check out Easy Life Winners — Class Always Winswhich is the perfect introductory guide for people new to form reading. After reading the guide, you will know which favourites to back and which to lay on Betfair Exchange.

There are a number of ways to make money laying horses on Betfair but here is a summary of the easiest ways. Lets now look into each strategy in detail and you can then choose which method suits you to start making money from laying horses on Betfair. Bar far the easiest way to get started is to lay favourites on Betfair that you think are overpriced or false favourites.

Finding favourites to lay is easier than you think. Only 1 in 3 favourites win so therefore the odds are stacked in your favour. However this does not mean you can lay every favourite and expect to make money. In fact you would lose all you cash very quickly. When laying a favourite you need to identify which favourites are true favourites and which favourites are false favourites. Once you master this, you can expect 4 from every 5 favourites you lay to go on and lose.

The losing runs would be very small and you would grow your bank consistently. However when we lay favourites with a maximum lay bet odds of 5. So if our average lay bet odds are 3. I would urge everyone to have a lay method as well as a back method. Both work well. The media pumped up the reputation of this horse as if he was a superstar just because it was trained by Willie Mullins and because he had a good record record in this race.

However when you look at the form of the horse coming into the race, he had a blemished record, losing two races in France. He also had two facile wins against poor oppositie in Punchestown. Also the contours of Punchestown race courses which is a predominantly flat curse is totally different to the severe undulations of Cheltenham. This to me was the perfect example of a hyped up horse by the media. You cannot find over-hyped horses on a daily basis but you can definitely find 3 to 5 favourites each day that are overbet by the recreational punters.

If you fancy becoming the bookie and profiting when a horse loses then LayZy Profits is the perfect tipster for you. Check out his winning graph here proofed results. You first need to reverse engineer where recreational punters get their information to find the selections they are about to place.

So we now know that recreational backers will place bets quickly with limited research on their selections. Even if they do perform some research, it is using widely known factors that are already incorporated into the early morning prices. Therefore we need to look at stats that are often overlooked by the betting public or at least spend more time on the more commonly available stats to determine a weighting for each stat so we can come up with our own ratings our tissue prices.

A lot of the newspaper tipsters have very limited time as they tend to tip up a horse in each race, so all they can really do is look at the stats above to make their short list and pick a horse quickly. If everyone is doing the similar research or backing tipsters who use similar research, of course they will be lots of favourites over-bet and that is where we can make some money by laying. Make sure if you use trainer at course stats that you understand how their strike rate is broken.

A trainer may be down overall for one track, but on deeper inspection, he may be a huge winner at 2 year-old non handicap races but a loser in every other race type. I know this info can be found for free on the Racing Post, but it takes a few extra clicks to get it, which at least puts you ahead of the lazy recreational punter.

UK punters still do not make full use of speed figures here and it is also hard to get your hands on some good pace scores. Therefore you have to pay to get this information.

You can use websites like informracing. Some horses cannot perform in big fields and you will see their strike rate explode when they race in fields of 7 or. This is one often overlooked stat. Do you understand how much the age of a horse has an affect on the ability of a racehorse?

Do you know that female horses have a terrible record when racing up against their male counterparts? Did you know that Gelded horses actually have a worse record than full horses? Some horses will only perform in certain times of the year. It is always good to look over this information. Sometimes a horse will finish in 4th position but the speed it posted was in a very fast race and did not get penalised by the handicapper.

Spotting these type of horses is a gold. If we consider the above factors with all the regular form analysis, then we can find favourites that are overbet and lay on Betfair.

There are countless ways to analyse a betting market and some of the biggest betting syndicates use over variables when coming up with their tissue price. Therefore always look at different ways to spot a factor that would influence the position of a horse in a horse race. You then need to apply a weighting to those factors how important that factor is and come up with a rating for each horse in the race.

If you spot a horse priced at 3. Double check the horses form and class ability to ensure that you didnt miss. Once you are happy that there are at least 2 other horses in the race with class ability, then you have yourself a lay bet!

No longer can you just put lay bets of 2. Some punters look for horses that were favourite but can never seem to finish the job when it comes to the last furlong of the race. You can look at the current favourites using timeform racecards and input the going and trip data for today and see what the favourites strike rate. Look to see how low it went in the in play betting market. If you it has lost twice at odds below 1.

You use pace analysis of a race to identify horses that you think will halve in price during the race. The strategy here is to find horses who like to lead and are in good form and have all the conditions to suit.

Once you find a selection, back the horse at the current price using Betfair exhange fixed price. The horse has shown that it has lead near the closing part of a race on 2 of its last 3 occasions, proving that it is a leader. As it is joing favourite, the market is telling us that the horse has a reasonable chance of winning, therefore we are expecting a decent run.

If the horse does as expected and drops in price to below 2. It means you can trade out of any bet you have placed normally. So this means if your horse is shortening in price, you can cash out to lock in a profit no matter what happens. Now you simply press the Cash Out button.

Here is a video explaining how it works. Go to any Betfair horse racing market and click on the graph symbol beside any horse you choose. As we are dealing with favourites alot in this post, we shall look at the favourite in the 3. Therefore this means that the correct odds based on betting volume should be 3. There are 2 ways to get started as a layer and both require you to paper trade your lays first until you have paper traded at least 50 winners to ensure that the system or method you use is the correct one.

If you do not want to waste time learning any of the strategies above then you must pay to get the information so we recommend subscribing to the best laying tipsters. First and foremost though is that you require a Betfair account. If you do not know how to place a lay bet then check out our user guide and video here on how to lay a horse to lose on Betfair. Learning how to to make money laying horses is still hard work and you must understand that it is still a form of gambling so nothing is for certain.

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Where should I bet on horse racing?

Such is the nature of gambling against your peers in pari-mutuel wagering. Ot seems simple, but you need to put in the work in advance handicapping the card so you know going into the day which races you have the strongest opinion. This is the hardest part for me because, like most gamblers, I like the action of having a few bucks on the races I watch. If you love two or three horses, build a strategy around those two or three horses or simply bet most of esaiest bankroll on those horses to win. There is value to finding horses that seem to be almost slam dunks to win, but that value might be skipping the race entirely or identifying longshots to fill in underneath for exactas, trifectas, or superfectas and around for multi-race wagers like the Pick 4.

Finding the right value price

Your top plays should offer value — in other words, a horse you think has a much better chance to win than his morning-line odds when planning, or live odds when betting, indicate. If you make three substantial win bets on horses at a solid value, you only need one winner to make a nice profit.