If you are new to horse racing or even if you’ve been going to the races for years, but still want to learn better ways to pick winners, here are a few angles based on odds that may help you. There are really people who can make a profit by watching the tote board and betting a certain way based on the odds, but rest assured there aren’t many of them and it is a very specialized skill. There are also people who can add large columns of 7 figure numbers in their heads, but that too is a very special skill. So unless you are a tote board savant, you probably aren’t going to get rich just betting based on odds.
Even though you won’t be able to look at the board and pick a winner every time, here is a way to pick more winners. First of all, the toteboard is a pretty accurate gauge of a horses true chances of winning. The only problem with that information is that it is a good estimate of the horses chances, but only after the last flash, which is when the race has already started and the tote is locked down, meaning no further bets.
Many people don’t realize it but about half of all the money wagered on a race isn’t totaled or figured in until the last click, which is too late for you to get a bet in. Therefore, here is a real important caveat, anything you see on the tote board is subject to change without notice. People who use the tote board odds and make money betting on horses also have to be good at spotting trends and knowing which way the odds will go, no small trick, believe me. In lay betting, this is a very important skill as well.
Here are some important angles that you should consider when looking at the tote board. First of all, the winner of most races is usually found in the top three betting choices. About 70% of races are won by a horse in the top three. In horse race betting there may be eight horses in the race that account for 100% of the pool, but the winner is probably in the top 38%. If you keep your bets in the top three horses, therefore, you have a better chance of winning, according to statistics.
Another angle people use when following the odds is to look for early money and late money. If a horse gets a lot of action as soon as the tote board flashes the odds for that race and then just before the race starts, the same horse is bet heavily again, even if it isn’t the favorite, it may mean the horse is live and insiders are trying to get their bets in before anyone realizes the horse is going for the win.