Fifty years ago when I first started betting on the horses, the win, place and show bets were about the only choices you had. If you wanted to bet you had to go to the race track to do it. At that time the computer wasn't used to determine the payouts. It was done manually at the track.
As the years passed and the computer started to be used to determine the payouts the exacta and the quinella were introduced. Then came a new stream of what became known as exotic bets. The trifecta, superfecta, rolling doubles, pick 3, pick 4, pick 5, and pick 6 all became popular.
In 1993 the internet opened up betting from a personal computer. As the race tracks one by one began to allow betting from all over the country through simulcast betting at the home track, it then became possible to bet from your computer at home. Youbet, Expressbet, TVG, Twinspires (and others) were internet websites that allowed betting at most tracks around the world.
The process of betting now becomes quite complex. You have so many choices that you must resolve where, when and how much you're going to bet. Here is where betting strategies come into play. I remember as a kid going into a candy store and there were so many choices that with the dime I had to spend I had to decide which were my favorite candies and how much to spend on each. That's the situation that one is faced with today with horse betting. You have a bankroll that determines how much you have to wager with. If you bet exotics you must calculate and know for a particular bet what the cost will be. Your choice of bets, their cost, how the bets fit into your bankroll and how many of your bets have positive payouts will determine your success or failure. There is an old track saying "you can't win them all but you can lose them all". Let's summarize with some betting strategies.
Betting Strategy #1:
Determine the track and the race you're going to bet on.
Betting Strategy #2:
Determine the kind of bet that you are going to place and figure out what it will cost.
Betting Strategy #3:
Keep track of the running balance in your bankroll. Never exceed your bankroll if losses accumulate. Don't bet money that you can't afford to lose.
Betting Strategy #4:
Use discipline in the bets you make. Know when to "fold'um" if you hit a losing streak. Be able to accept your loses and never "double down".
May luck be with you.
Monday, July 26, 2010
Sunday, June 27, 2010
Approaches To Betting the 10-Cent Superfecta
Most horse bettors have their own way of making personal choices when they determine how they will place a bet. With the internet there are dozens of ways to get the support information you need to make your choices. There is Equibase, Brisnet, Twinspires, Youbet and many, many others. I won't get into which ones to use (I'll leave that up to you), but merely say that each horse bettor has his own personal way to get to his choices.
Let's approach the 10-cent superfecta bet with three top choices: 1st choice, 2nd choice, 3rd choice. Next there is the 'confidence level' you have in your three choices for a particular race.
For a high level of confidence one approach to a 10-cent superfecta bet might be 1/2,3/ALL/ALL.
For a medium level of confidence the bet might be
1,2,3/1,2,3/ALL/ALL.
For a low level of confidence the bet might be
1,2,3/ALL/1,2,3/ALL.
Then there is the Black Swan bet
ALL/ALL/1,2,3/1,2,3.
The other consideration to take into account is the size of your bankroll. Depending on you tolerance level you may bet several of these.
May luck be with you. There's nothing to compare to good luck.
Let's approach the 10-cent superfecta bet with three top choices: 1st choice, 2nd choice, 3rd choice. Next there is the 'confidence level' you have in your three choices for a particular race.
For a high level of confidence one approach to a 10-cent superfecta bet might be 1/2,3/ALL/ALL.
For a medium level of confidence the bet might be
1,2,3/1,2,3/ALL/ALL.
For a low level of confidence the bet might be
1,2,3/ALL/1,2,3/ALL.
Then there is the Black Swan bet
ALL/ALL/1,2,3/1,2,3.
The other consideration to take into account is the size of your bankroll. Depending on you tolerance level you may bet several of these.
May luck be with you. There's nothing to compare to good luck.
Friday, April 2, 2010
Side-by-side Betting with Ten Cent Superfectas
The payoffs for ten cent superfectas can be huge. In side-by-side betting with ten cent superfectas the wager is constructed as follows: assume that the horse you are keying on is the #7 horse then the bet would be 6,7,8/6,7,8/ALL/ALL. At Remington Park during the quarter horse meet there is a maximum of 10 horses in any race. The cost of the bet is dependent on the number of horses in the race.
7 horses $12
8 horses $18
9 horses $25.20
10 horses $33.60
This size bet can be handled by a modest size bank rolls so the risk-reward is well worth it.
Let's look at some results from last weekend.
March 26
Race 1 G R Carter on #5 - result 4,5 payout $469.83 cost $33.60
Race 2 G R Carter on #5 - result 4,5 payout $183.74 cost $33.60
Race 6 G R Carter on #4 - result 4,5 payout $190.31 cost $25.20
March 27
Race 1 G R Carter on #6 - result 6,7 10 cent super $173.18 cost $33.60
Race 7 Larry Payne on #2 horse - result 3,2 payout $216.77 cost $33.60
To check these results go to http://equibase.com
7 horses $12
8 horses $18
9 horses $25.20
10 horses $33.60
This size bet can be handled by a modest size bank rolls so the risk-reward is well worth it.
Let's look at some results from last weekend.
March 26
Race 1 G R Carter on #5 - result 4,5 payout $469.83 cost $33.60
Race 2 G R Carter on #5 - result 4,5 payout $183.74 cost $33.60
Race 6 G R Carter on #4 - result 4,5 payout $190.31 cost $25.20
March 27
Race 1 G R Carter on #6 - result 6,7 10 cent super $173.18 cost $33.60
Race 7 Larry Payne on #2 horse - result 3,2 payout $216.77 cost $33.60
To check these results go to http://equibase.com
Wednesday, March 24, 2010
Side-by-side Betting with Trifectas
In my previous articles I have shown how to structure a side-by-side bet using an exacta. Let's now extend this to a side-by-side trifecta bet. Why would we want to do this? Because the trifecta payouts are much larger and more profitable. Let me give you an example from last Friday, March 19. In race number 3, our side-by-side bet keyed on Larry Payne who was riding the #7 horse. Our exacta side-by-side bet was to box 6,7,8. The cost for this $2 exacta box was $12. The result was 8-7 with Payne placing. The exacta payout was $85.60.
The trifecta side-by-side bet was structured as follows: 6,7,8/6,7,8/ALL. There were 10 horses in this race so the cost of this $2 trifecta bet was $96. Since this size bet is usually out of the range of many bettors bank roll a $1 trifecta for the same bet was $48. This $1 trifecta paid $905.10. The minimum trifecta bet at Remington Park is $1. This turned out to be a 7-1 return on the exacta and a 19-1 return on the trifecta.
With a large enough bank roll to manage these size bets the return can be very rewarding.
The trifecta side-by-side bet was structured as follows: 6,7,8/6,7,8/ALL. There were 10 horses in this race so the cost of this $2 trifecta bet was $96. Since this size bet is usually out of the range of many bettors bank roll a $1 trifecta for the same bet was $48. This $1 trifecta paid $905.10. The minimum trifecta bet at Remington Park is $1. This turned out to be a 7-1 return on the exacta and a 19-1 return on the trifecta.
With a large enough bank roll to manage these size bets the return can be very rewarding.
Wednesday, March 17, 2010
Remington Park Quarterhorse Side-by-side Results
Over the weekend March 12-14 the side-by-side results continued with remarkable payouts. 10 races out of 30 were side-by-side results. That's one out of every three races. The average side-by-side $2 exacta payout was $103.68. Here is a summary of the results.
Friday, March 12
Race 1 Result 2-1 (#1 was the ML favorite)..........Payout $121.60
Race 4 Result 5-4 (#4 was the ML favorite)..........Payout $72.60
Race 5 Result 7-8 (#7 was the toteboard favorite)...Payout $67.80
Race 9 Result 7-8 (Hard one to pick, I missed it)...Payout $141.20
Race 10 Result 1-2 (G R Carter rode #2)..............Payout $23.40
Saturday, March 13
Race 4 Result 3-4 (G R Carter rode #4)..............Payout $145.40
Sunday, March 14
Race 1 Result 6-5 (#5 was one of 2 favorites).......Payout $250.20
Race 4 Result 9-10 (Larry Payne rode #9).............Payout $76.20
Race 7 Result 3-4 (#4 was the ML favorite)..........Payout $52.00
Race 9 Result 4-3 (G R Carter rode #3)..............Payout $86.40
Read the previous two blog articles to see what a side-by side bet is and how to structure one. For those of you who like to check things out go to equibase.com for Remington Park results.
Friday, March 12
Race 1 Result 2-1 (#1 was the ML favorite)..........Payout $121.60
Race 4 Result 5-4 (#4 was the ML favorite)..........Payout $72.60
Race 5 Result 7-8 (#7 was the toteboard favorite)...Payout $67.80
Race 9 Result 7-8 (Hard one to pick, I missed it)...Payout $141.20
Race 10 Result 1-2 (G R Carter rode #2)..............Payout $23.40
Saturday, March 13
Race 4 Result 3-4 (G R Carter rode #4)..............Payout $145.40
Sunday, March 14
Race 1 Result 6-5 (#5 was one of 2 favorites).......Payout $250.20
Race 4 Result 9-10 (Larry Payne rode #9).............Payout $76.20
Race 7 Result 3-4 (#4 was the ML favorite)..........Payout $52.00
Race 9 Result 4-3 (G R Carter rode #3)..............Payout $86.40
Read the previous two blog articles to see what a side-by side bet is and how to structure one. For those of you who like to check things out go to equibase.com for Remington Park results.
Saturday, March 13, 2010
Side-By-Side Quarter Horse Bets
In my previous blog article I demonstrated that side-by-side results for win-place had a high occurrence. Infact almost one-half of the time, on opening weekend at Remington Park, ended in side-by-side results. This is a statistical occurence waiting to be taken advantage of.
I will enumerate several steps to take in order to structure these bets.
1 - Identify a 'high probability to win' horse to key on. In my last article I pointed out jockeys and trainers that can be keyed on, also ML favorite and tote board favorite.
2 - If there are high odd horses on either side of this keyed horse then that's what you want. The payoffs will be larger. (Having a hangup about odds can ruin this bet.)
3 - Is there more than one horse to key on in this race?
4 - Depending on your bankroll, start with exactas, then trifectas, and superfectas.
Let's use examples to illustrate. The first thing I do is go to the newspaper or the internet and lay out on a piece of ruled paper the post number of each horse in the race and order them by morning line odds. Here's an example.
Race 6 Post Position ..6..9..8..10..(1)..3..4..7..5..2
Morning Line ..7/2..4..9/2..5..6..10..12..15..15..15
Let's assume that one of the jockeys I mentioned in the previous article is riding horse #1 above. An inexpensive way to play this side-by-side bet is to use an exacta box 1,2. The morning line odds on #1 is 6/1, the ML odds on #2 is 15/1. I would play a $5 exacta box and it would cost $10. Another bet on the same race would be to key on the ML favorite #6. A $1 exacta box would be 5,6,7. It would cost $6. If either or both bets won your payout would be outstanding. You might even want to quit for the evening. Yes, Remington Park has all evening racing this meet.
UPDATE: Last night I went down to Remington Park. I used my side-by-side betting strategy using only exactas. Would you believe, 5 of the 10 races had side-by-side results. Race 1, result was 2-1 and the $2 exacta paid $121.60. Note that #1 was the 5/2 ML favorite. #2 had a ML odd of 15/1. Race 4, result was 5-4 and the $2 exacta paid $72.60. Again #4 was the 5/2 ML favorite and the #5 horse 15/1 ML. Race 5 result was 7-8 and the $2 exacta paid $67.80. The #7 horse was the tote board favorite. Race 9 result was 7-8 and the $2 exacta paid $141.2. The #7 horse was again the toteboard favorite. Race 10 result was 1-2 and the $2 exacta paid $51.60. G. R. Carter rode the #2 horse.
To check these results for yourself go to equibase.com and look at the summary results for Remington Park for March 12.
I will enumerate several steps to take in order to structure these bets.
1 - Identify a 'high probability to win' horse to key on. In my last article I pointed out jockeys and trainers that can be keyed on, also ML favorite and tote board favorite.
2 - If there are high odd horses on either side of this keyed horse then that's what you want. The payoffs will be larger. (Having a hangup about odds can ruin this bet.)
3 - Is there more than one horse to key on in this race?
4 - Depending on your bankroll, start with exactas, then trifectas, and superfectas.
Let's use examples to illustrate. The first thing I do is go to the newspaper or the internet and lay out on a piece of ruled paper the post number of each horse in the race and order them by morning line odds. Here's an example.
Race 6 Post Position ..6..9..8..10..(1)..3..4..7..5..2
Morning Line ..7/2..4..9/2..5..6..10..12..15..15..15
Let's assume that one of the jockeys I mentioned in the previous article is riding horse #1 above. An inexpensive way to play this side-by-side bet is to use an exacta box 1,2. The morning line odds on #1 is 6/1, the ML odds on #2 is 15/1. I would play a $5 exacta box and it would cost $10. Another bet on the same race would be to key on the ML favorite #6. A $1 exacta box would be 5,6,7. It would cost $6. If either or both bets won your payout would be outstanding. You might even want to quit for the evening. Yes, Remington Park has all evening racing this meet.
UPDATE: Last night I went down to Remington Park. I used my side-by-side betting strategy using only exactas. Would you believe, 5 of the 10 races had side-by-side results. Race 1, result was 2-1 and the $2 exacta paid $121.60. Note that #1 was the 5/2 ML favorite. #2 had a ML odd of 15/1. Race 4, result was 5-4 and the $2 exacta paid $72.60. Again #4 was the 5/2 ML favorite and the #5 horse 15/1 ML. Race 5 result was 7-8 and the $2 exacta paid $67.80. The #7 horse was the tote board favorite. Race 9 result was 7-8 and the $2 exacta paid $141.2. The #7 horse was again the toteboard favorite. Race 10 result was 1-2 and the $2 exacta paid $51.60. G. R. Carter rode the #2 horse.
To check these results for yourself go to equibase.com and look at the summary results for Remington Park for March 12.
Tuesday, March 9, 2010
Playing the Quarter Horses at Remington Park
This last weekend March 5-7, the Quarter Horse meet began at Remington Park. I enjoy being right down at the rail and watching them go flying by at 50 to 55 miles an hour. What a thrill! So far this last weekend there was a lot of futurity qualifying going on. 250, 300, 330, and 350 yards was where most of the action was. In most of the races there 8, 9, or 10 horses. This meet every race has 10 cent superfectas available. A real opportunity. I'm going to give you some of my opinions on how you can take advantage of these 10 cent supers.
Over the years I've found a few things to watch for that makes quarter horse racing just a little different. First, getting out of the gate cleanly is everything. Times are measured in hundreds of seconds between winning and losing. Another feature to take into account is that quarter horses like to keep up with the horse next to them. Many large exactas are collected by boxing horses next to each other in the gate. A high odd horse may perform way beyond his expectations just by competing with the horse next to him. With this bit of information exactas, trifectas, and superfectas can be constructed to take advantage of the situation.
The next thing to take into account are specific jockeys and trainers. At Remington Park you do not want to leave out two trainers, Eddie Willis and Rodney Reed. Eddie Willis horses always seem to be live and ready to roll. The same is true for Rodney Reed horses. The jockeys you never want to overlook are Hall of Fame jockey G. R. Carter and Larry Payne. Therefore in your betting strategies you can use their horses to key on.
Now why bet 10 cent superfectas? One answer is that you can get a lot of combinations at a low or at least reasonable cost to the bettor. Some times the payoffs can be huge. For this last opening weekend here are the average payouts on 10 cent superfectas.
Friday, March 5 $313.94
Saturday, March 6 $150.61
Sunday, March 7 $518.47
The largest payout was $2506.33 and the smallest was $5.18.
There were 28 races and G. R. Carter won 4, Larry Payne won 7, Eddie Willis horses won 7. There were 13 out of 28 races where win and place were side by side. For example, race 4 on Friday #7 won and #8 placed and in race 6 #2 won and #1 placed. A side by side betting strategy over the weekend could have been very profitable.
In my next blog article I will show you how to structure these side by side bets.
May the racing Gods be with you.
Over the years I've found a few things to watch for that makes quarter horse racing just a little different. First, getting out of the gate cleanly is everything. Times are measured in hundreds of seconds between winning and losing. Another feature to take into account is that quarter horses like to keep up with the horse next to them. Many large exactas are collected by boxing horses next to each other in the gate. A high odd horse may perform way beyond his expectations just by competing with the horse next to him. With this bit of information exactas, trifectas, and superfectas can be constructed to take advantage of the situation.
The next thing to take into account are specific jockeys and trainers. At Remington Park you do not want to leave out two trainers, Eddie Willis and Rodney Reed. Eddie Willis horses always seem to be live and ready to roll. The same is true for Rodney Reed horses. The jockeys you never want to overlook are Hall of Fame jockey G. R. Carter and Larry Payne. Therefore in your betting strategies you can use their horses to key on.
Now why bet 10 cent superfectas? One answer is that you can get a lot of combinations at a low or at least reasonable cost to the bettor. Some times the payoffs can be huge. For this last opening weekend here are the average payouts on 10 cent superfectas.
Friday, March 5 $313.94
Saturday, March 6 $150.61
Sunday, March 7 $518.47
The largest payout was $2506.33 and the smallest was $5.18.
There were 28 races and G. R. Carter won 4, Larry Payne won 7, Eddie Willis horses won 7. There were 13 out of 28 races where win and place were side by side. For example, race 4 on Friday #7 won and #8 placed and in race 6 #2 won and #1 placed. A side by side betting strategy over the weekend could have been very profitable.
In my next blog article I will show you how to structure these side by side bets.
May the racing Gods be with you.
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