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Horse Racing Betting Strategies are the KEY to being successful long term
Horse racing is one of the most popular and traditional betting markets in the world. Punters can place a bet in a variety of ways and test their luck. But also prove betting strategies for horse racing.
Regardless if you are a novice that is looking to place a bet on a major race such as the Grand National or a “high roller” who is ready to stake a big amount on a horse race. I promise you will find something that suits your needs. Your chances of winning will be slim if you place a bet with no real knowledge or logic.
I wish I could tell you that betting on horses was all about intuition. You can, by all means, have fun this way but betting on the horse is half of the winning strategy. Some punters might tell you that the horse racing betting system is fairly simple or even a myth, I can definitely say that is not true.
The misunderstanding of betting systems or strategies is that people believe that they are magical and punters can make money straight after they start using a betting system for horse racing. The reality around betting systems is that betting strategies help you to pick up value in the market. In other words, it helps you gain more from what you bet on.
With this explained, we have selected some of the more effective betting strategies for horse racing. However, before deep-diving into the winning strategies or in other words strategies that work in horse racing, I will have to outline two main methods of describing or expressing odds in the betting worlds.
There are two forms of odd in the world of racing:
In online betting, the major betting websites offer fixed odds systems. What exactly do fixed Odds mean? The payout of a winning bet is fixed or agreed upon at the same time when the bet was placed. This will not change under any circumstances.
Additional to the fixed odds some betting providers will offer a Parimutuel odds system. However, this method is less popular in Europe compared with other places in the world. This method of horse racing betting is managed by a ‘tote’ system. The tote system takes into account all bets, in terms of money, in the betting pool and calculates the payouts bets that win after some margin is removed. Some people might call the margin ‘house’s cut’. Parimutuel odds differ from fixed odds because the total payout will only be decided after the betting pool has been closed by the bookie. After we address the odds in horse racing and you understand them we can move further. Let’s outline some simple horse racing betting systems that work in the UK and the rest of the world. With these systems, you can increase your chance to be successful in the iGaming area and take some advantages in front of bookmakers.
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The lay means that you are betting against a runner. To apply this system, punter, you have to find a race that has more runners the minimal runners should be 10. After you find such a race next it to identify the three favorites and check their odds, this is the key element of this system.
After identifying the top three potential winners in the race, punters pick up the runners with odds between 3.0 (2/1) and 5.8 (4.8/1) and lay against the runner with the lowest odds. Statistics show that you will be selecting the winner 80% of the time.
Statistical analysis and simulations show that horses that have these ranges only win around 17% of the time. So you bet that the horse won’t win. You should be able to realize a profit of 83%.
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The second horse racing betting system that works is the beaten favorite system. If a strong horse performed badly in a previous race this can be taken advantage of. Public opinion will start to flow against the horse as a consequence of the previous loss. The odds will change when money is bet on other horses.
But in the horse racing world, even the best horses can lose, no matter what, there will be a time when they start to lose their races. At some point, the “old” favorite will recover its performance and this is the importance of this system that in the long run, it will almost always win. Some people call this betting strategy for horse racing a “sure” bet.
From the mathematical point of view, one of the best or maybe the best betting strategies for horse racing is the Dutching System. The core of the Dutching system is that if you bet on a selection of horses, punters will make the same profit, regardless of who is winning the race. However, before placing a bet it is very important to make the right calculations. In overall calculations, relativity is simple. In fact, there are online calculators that can make all the calculations.
To start with the calculations, you will need to find a race with enough runners. 10+ is the minimum amount. As in the beaten favorite strategy you pick three favorites but this time you shortlist two out of those three favorites and take a close look at the odds that should be good. Punters should calculate implied probabilities from the odds (how to do that? you can find it in our odds section).
We need to guarantee a profit regardless of the outcome of the race. Therefore, make sure to bet the appropriate amount on each horse. Take a close look at the process as actions:
Probability of an 12/1 runner = (1 / (11/1 + 1)) * 100 = 8.33% Implied Probability of an 3/1 runner = (1 / (3/1 + 1)) * 100 = 25%
Stake on the 11/1 runner = (8.33 / (25 + 8.33)) * $10 = $2.50 Stake on the 3/1 runner = (25 / (25 + 8.33)) * $10 = $7.50
If you understand this formula correctly then you can see that regardless of which session wins, the punter will receive 30$ in return for the bet.
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You probably can see that horse racing bettings strategies are not magic. All strategies presented in this article heavily rely on numbers as data to make it more logical. You can be sure that those strategies can be qualified as betting strategies for horse racing that work.
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