What do I need to know about horse betting January 21st, 2012
Okay i’m sure I’m missing a lot more detail, I don’t know anything about betting on horses other then just how payout on the ods works
50:1 odds means if I bet 1 dollar and my horse wins I make 50 bucks, Im sure that the house takes a cut of that but how do I figure out that cut.
I am trying to figure out a little math trick
AND YES I KNOW THAT EVERYONE SAYS THAT THEY HAVE THE SYSTEM THAT COULD MAKE A KILLING AT THE RACES AND THAT IT WONT WORK AND IT NEVER WORKS AND ITS ALL BLIND LUCK
It’s just for entertainment and to see if there is something there. Also I just need a list of odds and race results if thats possible to help give me data to work on the system.
You can also bet Place, which means second place, or Show, which is third. It pays less but you have a better chance since Place pays if the horse wins or comes in second and Show pays if the horse is first, second or third.
It’s not all blind luck. Successful horse players, and there are some, spend a lot of time and effort handicapping races. The only odds you can know for sure before a race is run are the win odds. If the win odds on the tote board are 50 to 1 and your horse wins, you get $102 back on a $2 bet. That’s Your original $2 plus 50 x $2. Place and show winnings cannot be calculated until after the race is run because the amount depends upon which horse came 2nd, in the case of place, or 3rd for show. The track takes a cut but it is built into the odds you see on the tote board or on whatever site you may be playing on, so, if you see 50 to 1, your odds are 50 to 1. To get started, try logging onto the Daily Racing Form (search on DRF) look at entries and, better, results for different tracks for different days. Have fun, it’s a great sport. If you you play for real money, don’t get carried away.