Tag: Racing

Is Horse Racing The ‘Original Sports Bet’ With Long-Term Appeal For Gamblers?

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Alex Waldrop is as optimistic about the current and near-future state of the pari-mutuel industry as a president of the National Thoroughbred Racing Association could be after the Triple Crown has been postponed, reshuffled, altered.

But with the Kentucky Derby moved from the first Saturday in May until Sept. 5, the traditional Triple Crown-capping Belmont Stakes shortened and pushed back to June 20 and the Preakness Stakes now the finale on Oct. 3, Waldrop sees a chance for horse racing to sustain some of the sports betting interest it absorbed during the COVID-19 shutdown.

Horse racing is uniquely qualified in the endeavor of enduring after decades of decline, and Waldrop believes it’s poised now to establish a new foothold.

PlayUSA spoke to Waldrop about this old-school sport will gallop into a digital realm of modern sports betting.

What has helped horse racing raise its profile since the major four sports were forced to shutter in March?

Waldrop: A couple of the things that we have done probably the strongest over the last couple of months is the fact that we have been on two national cable channels, FOX Sports and NBC Sports on Saturday afternoons, which has given us visibility, which we don’t ordinarily get beyond TVG, which is the primary television channel for horse racing.

 It’s available widely, but not widely on cable, generally on streaming live on the internet. But FOX and NBC Sports have both been showing us. In fact, NBC Sports has been taking TVG and rebroadcasting it on their own channel through all of their subscribers, nationwide. FOX Sports has done the same for some of the same tracks. Churchill Downs has exclusively on Fox.

So you have big platforms now that are showing racing that’s giving us visibility to people who don’t ordinarily watch racing horse racing as a sport. And then just [last week] we rolled out a new marketing strategy, a new marketing awareness campaign that is going to be focusing not just on television but also on digital and social media.

 And we have our [advance-deposit wagering] platforms, those online platforms which allow people to watch and wager every day. But certainly, now that opportunity is at a premium because many sports bettors don’t have that opportunity. From what I can tell, it raises our profile.

How have race tracks gone about conducting race cards safely while much of sports is shut down?

We’re doing it in a safe and responsible manner because we can social distance on these expansive back stretches. We’re not allowing fans in the stands. We’re protecting anyone who has to work on a daily basis there with all the hygiene protocols and social distancing protocols.

And the horses themselves, fortunately, the primary athletes, are not susceptible to the virus, so they can compete safely. And, we, of course, have to be mindful of the jockeys themselves.

Besides just being available, what has made horse racing an attractive option for bettors recently?

One of the things we have noticed, one of the other things that has gone up significantly, is the average field size, more horses per race, which we also think is a big factor here because that makes for a much more attractive betting interest. Bettors like full competitive fields because it means that the payouts will be better, on balance. And so as average field size has gone up, we’ve seen that handle increase, which is frankly what we had always known, that field size is important, hard to parse out exactly how important, but it’s very important.

How important is it to exploit the exposure the Belmont Stakes should get on June 20 before other major sports return?

It was disappointing to lose our normal season, if you will. Horse racing season is really the lead-up to and including the Triple Crown. And it’s never good to lose that traditional season because that’s the one time of year when we were top-of-mind. The ability to come back now, later, is great. For the Belmont to be on a day when it’s the only game in town, literally, that’s also great. We’ll see how that field shapes up. It’s going to be a different race, a shorter race.

Is Monmouth Park’s foray into fixed-odds wagering in July potentially a game-changer for horse betting in a growing sports betting market? 

Well, it’s certainly going to be for a guy like [Monmouth operator] Dennis Drazin, who’s as creative as anybody in the business. We’ll see how that picks up across the country with other operators.

How crucial is bridging the two systems between sportsbook wagering and commission-based pari-mutuel wagering?

You have to have a high tolerance for risk. Horse racing thrived more than a century ago because of the commission-based structure that it had, which really for the operator removes that operator from the process, provides an element of security and also of integrity, but also makes it difficult for some of these operators to go back into this world where every wager they have to set a price.

They’re used to letting the people that set the price and that works. And while in theory, it seems great, we know that there are sports bettors out there, there are horse players out there that are really annoyed by the fact that they think they have one price when the horse goes out of the gate and then by the time that the race is over them, the price has dwindled some because of the late-changing odds on the board, which are not because of past posting, we call it, not because people are betting after the race starts, but it’s because we’re collecting wagering from some 2,000 sites around the country and that can’t be done instantaneously. It takes some time to collect all those wagers.

Then generally that late money is going to change the odds and smart guys wait until the very last to bet and so when that price goes down, it is sometimes the inclination of folks to think there’s some kind of shady dealing going on and in fact there are people out there just as smart as they are who figured it out and just put bet a little bit later than they did.

No one wants to think someone else had the same brilliant notion, especially if it came in late, right?

Right. Nobody wants that smart money. That’s why they love Derby day. That’s why people love the Triple Crown – bettors do – because there’s a lot of folks in the pools that aren’t as savvy as the everyday player.

Because dabblers with a julep in their hands are betting colors and their favorite horse names?

Yeah, so you get these massive win pools or just massive pools that are just there for the picking for the guy who can figure out exactly what’s going to happen. It makes for a great day of wagering, but day in and day out, it’s tough because there’s so much information available about our sport now. And so it’s hard to define that one nugget that the other guy’s not going to get and focus on.

We run the National Horseplayers Championship, NHC, which is conducted in Vegas every February. We deal with the best of the best because we name the horse player of the year and give that person an Eclipse Award. And, so, we see firsthand how savvy these guys are. They’re men and women. I say guys, I don’t mean to exclude women. Certainly there are many women who enjoy horseplaying as well. And so there’s a lot of folks that love our business and we’re trying to get more to understand the unique challenges.

Fixed-odd wagering is part of that. It’s hard for me to say right now just exactly how quickly that would catch on and to what extent that will take up what percentage of the handle. It’s hard to tell right now.

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When Are Major Horse Racing Events Scheduled To Return?

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If it’s not already trademarked, Alex Waldrop should consider it.

“We were the original sports bet. We’re still here. And we’re still going strong.”

And with COVID-19 keeping sports contested by humans off their fields of play, the chief executive officer of the National Thoroughbred Racing Association earnestly hopes one of the United States’ original sporting passions can extend a moment it has inherited since major professional and college sports went dormant in mid-March.

While new-age virtual games such as eSports and iRacing have also had their moment, horse racing — for one of the first times since its slow decline in popularity began decades ago — has so far had the bandwidth to satisfy a national appetite for betting markets.

Horses can’t contract the novel coronavirus that has led to more than 100,000 deaths in the US. Expansive track facilities and a relatively small amount of humans needed to conduct the sport has allowed track operators to hold meets that were generally an online wagering enterprise and devoid of spectators anyway.

So while Russian table tennis has found a novelty following and a virtual NFL Draft flared and faded, the national pari-mutuel industry has so far surged. While national handle figures for May are not yet available, April revealed that horse racing had made some hay.

According to Waldrop, pari-mutuel wagering handle was down 24 percent from April 2020 as compared to April 2019, “but that is remarkable,” he told PlayUSA, “because we had a 72-percent decline in the number of races and race days. That tells you that we had much less racing product out there for horse players to bet on, but they were betting a lot more.”

The average wagering per race day, he added, was up 176 percent to $7.5 million. That was with a small collection of tracks including Gulfstream Park, Fonner Park, Oaklawn Park, Tampa Bay Downs and Will Rogers Downs. Now larger venues are about to open with social-distancing restrictions and governmental sign-off.

“Larger tracks, like Churchill Downs, Santa Anita has been back and operating for the last week or so, Maryland starts this weekend, [New York] starts sometime in early June,” Waldrop added, “so the major race tracks are about to crank back up and we should see an increase in the number of races and race days, which hopefully will translate into recovery, putting handle back to where it was or above last year.”

Attempting to maintain this momentum, the Breeders’ Cup and Jockey Club on Thursday launched a national campaign specifically targeted at sports bettors that are bolstering its coffers.

And at Monmouth Park in New Jersey, where a horseman’s lawsuit was the first maneuver in the campaign that eventually made legal sports betting a national possibility, track operator Dennis Drazin is about to unveil the device he has long seen as the bridge from sports bettors to horse players: fixed odds wagering.

Even with the Kentucky Derby rescheduled for just the second time since 1875 and its signature Triple Crown scrambled and delayed, horse racing is generating promise.

When will horse racing hubs open nationally?

California
Del Mar: July 18-Sept. 7
Santa Anita: underway through June 21

Florida
Gulfstream: underway through Sept. 27
Tampa Bay: underway through May 30, then Monday and Wednesday in June after an extension was granted by the Florida Department of Business and Professional Regulation.

Kentucky
Churchill Downs: underway through June 27; Sept. 1-5
Ellis Park: June 28-Aug. 30
Keeneland: July 8-12

New Jersey
Monmouth: July 3-Sept. 27 (not yet approved by state of New Jersey)

New York
Belmont Park: June 3-July 20.
Saratoga (NY) – July 16-Sept. 7

When are the Triple Crown races in 2020?

Belmont Stakes
June 20 (moved back two weeks and from final leg to opener)

*Note: The longest race of most thoroughbreds’ careers will not be on the resume for this crop of 3-year-olds. To alleviate injury concerns in a disjointed approach to the Triple Crown, stewards have reduced the race distance from 1 ½ half miles to 1 ⅛ miles. The Belmont goes from the longest to shortest Triple Crown race for this season. The Kentucky Derby is 1 ¼ miles and the Preakness 1 3/16. … The purse will drop from $1.5 million to $1 million because no spectators will be allowed.

Kentucky Derby
Sept. 5 (originally May 2)

Preakness Stakes
Oct. 3 (originally May 16, second leg)

Horse industry launches national campaign to retain sports bettors

The “Still. Running. Strong.” campaign, launched in conjunction with the NTRA, TVG network, which is an affiliate of the FanDuel Group; the Kentucky Thoroughbred Association and Thoroughbred Owners and Breeders Association will attempt to leverage “broadcast, digital, and social media elements,” according to a release to exploit heightened exposure even with the Triple Crown delayed more than six weeks. NBC Sports and FOX Sports have already filled programming gaps with live racing, providing a natural entry point for the effort.

A focal point of the digital and social media campaign is legal online horse betting, centered around educational materials at a new America’s Best Racing website.

“We’re going to be turning sports bettors, because we know there are lots of sports bettors out there that are desperate for content. They’re not able to bet right now. There’s not enough sports,” Waldrop said. “But horse racing is still going strong. And we have our ADW platforms, those online platforms which allow people to watch and wager, do it every.

“Certainly, now that opportunity is at a premium because many sports bettors don’t have that opportunity. It raises our profile. That’s the purpose of the awareness campaign. It’s the oldest form of sports betting.”

Horse racing getting a leg up as human sports shelter in place

Johnny Avello would have preferred that horse racing’s renaissance as a betting market was spurred by something besides COVID-19.

As head of sportsbook for DraftKings, he fully comprehends the impact of the pandemic shutting down the sports that would normally have comprised the vast bulk of his sports betting and daily fantasy sports company’s offerings. But even as a Las Vegas transplant, the product of Poughkeepsie, N.Y., longs for his annual pilgrimage to the Saratoga summer meet, and with MLB, the NBA and NHL still in the planning stages of a return to play, Avello hopes horse racing can capitalize on the opportunity. Because so far, he told PlayUSA, that’s worked well for the industry at large at a crucial time.

“Horse racing was getting dinged pretty good there with all those deaths of horses at San Anita, and I was really frightened for the game, especially in California,” he said. “California racing has been such a great product for many years. You’ve got Del Mar and then you got Santa Anita and then they go to the fairs during the summer.

“But I was concerned and I thought that this could be a good thing for horse racing because it could isolate them and as long as things went well, which they pretty much have, with the isolation, people could just concentrate on betting on horse racing because it was one of the few games that they were very familiar with.

Crucial, Avello said, is that the Belmont Stakes, traditionally the final leg of the Triple Crown, but now the opener, has the weekend of June 20 relatively to itself in terms of other major events.

“Talk about isolation. There won’t be a lot of sports going on, most likely,” Avello said. “So, I think that race is going to get a lot of exposure.

“And as we move forward here, you’ll have the Belmont, you’ll get a couple other races in between. You’ll have the Travers, which is normally in the end of August, probably going to shift the dates there and that’s probably going to be a prep for the Kentucky Derby. Hopefully, some younger people have gotten involved lately. Let’s hope that momentum continues. I can’t say it will for sure, but I’m hopeful that it will.”

Another reason horse racing and betting are still thriving

Though the disruption of the one annual period when horse racing becomes at least a passing mainstream interest represented a loss for the sport, Waldrop said, horse racing still holds an industry-wide advantage on professional team sports. Though its classics have been impacted, it’s daily business has been able to restart quicker despite local shutdowns.

“It’s never good to lose that traditional season because that’s the one time of year when we were top of mind. The ability to come back now, later, is great,” Waldrop said. “For the Belmont to be on a day when it’s the only game in town, literally, that’s also great. We’ll see how that feels shapes up.

“Our awareness campaign is really focused mostly on sports bettors than the casual fans who generally learn about us on national television. But it’s all about converting people from casual fans to fans who’ve watch and wager.”

DraftKings has a license to offer pari-mutuel wagering through its association with the Scarlet Pearl sportsbook in D’Iberville, Miss., but couldn’t capitalize on the rush because the state hasn’t legalized mobile and online wagering.

A report released last week by Infiniti Research claims that the “horse and sports betting market is poised to grow” by $139.52 billion, progressing by a nine-percent compound annual growth rate through 2024.

The first day of the delayed Churchill Downs, contested without fans posted a 183% increase in handle as compared to the same night, one replete with customary Louisville opening festivities, in 2019, according to WDRB television.

The home venue of the Kentucky Derby wasn’t the only park awash in interest. The handful of tracks open and running without fans – Gulfstream Park, Fonner Park, Oaklawn Park, Tampa Bay Downs and Will Rogers Downs exploded by 129 percent through the first few weeks of the meet.

At Santa Anita, the total handle for nine races on May 15 was $11,207,076, a 61-percent increase from an eight-race card on the same date a year ago.

While an increase of interest is a boon for the tracks, it has hardly been a financial windfall, with tracks being hit with the type of financial loss the major pro leagues could face with fanless games. The reason: tracks receive only a percentage the handle their tracks generate via simulcast and away from their betting windows.

The boom is also being experienced internationally with a Swedish government minister noting that “horse betting has exploded” during COVID-19 while debating regulations on the online casino industry there.

Horse racing resurgence amid COVID-19 shutdowns

Various sports and events have experienced an increase in exposure during the novel coronavirus pandemic. There was the wildly popular virtual NFL Draft, eNASCAR and eSports.

That horse racing — a vestige of America’s 17th-century agrarian past — and eSports, a digital vanguard of our presumed gaming future, were key among them created a fascinating spectrum for sports’ ecosystem. Both became focuses because they happened to be left standing for differing reasons when college and professional team sports were forced to go dormant. eSports can be conducted in relative confinement even though large arenas are being erected to present the spectacle of events like the Fortnite World Cup, pre-pandemic. Horse racing, which has fallen into a sad state of decline, where the Kentucky Derby is generally the only event to resonate with the general public, didn’t have many fans to turn away.

A collection of tracks remained open during the shutdown, notable among them Oaklawn Park, which hosted an expanded Arkansas Derby on the day the Kentucky Derby was originally scheduled.

In a perverse sign that business seemed to be as usual, the Bob Baffert-trained Charlatan, a runoff winner in one of the two races that comprised the event is said to have tested positive for illegal substances.

Can fixed-odds wagering bridge gap from sportsbooks to horse tracks?

Drazin knows their frustration. He’s absorbed it through their emails and voice messages: Dabbling horse player bets a filly at Monmouth Park at long odds. Filly wins. Dabbling horse player is surprised to find a pedestrian payout waiting at the window. Late money had come in on her, the odds plummeted. The payout decreased.

That quickly, a winning bettor and potential repeat customer had a bad experience.

Standing at the nexus of sports betting and pari-mutuel wagering, Drazin has long advocated for fixed-odds wagering as a means to appease those dabblers and perhaps retain sports bettors disinclined to accept that a lot of late money generated online and as smart as theirs ruined a payday. And their fun.

“They bet the horse at 7-1, then it’s 5-1, at the gate and 8-to-5 and by the time it breaks out of the gate it’s 3-to-5,” Drazin said. “They say ‘What happened?’ And that’s not because there’s anything improper going on, it’s just all these wagers that are made by computer and otherwise the last minute being added to the pools. But I don’t think it gives the public a good feeling. I think the public would feel better if they’d bet at 2-to-1 and they got 2-to-1. So I think that will help bring some people back to racing.”

So in February, the New Jersey Thoroughbred Horsemen’s Association and Darby Development LLC, which operates Monmouth Park, entered a 10-year deal with BetMakers Technology Group to facilitate fixed-odds wagering for that track. The Australian company will initially offer just win, place and show bets.

Fixed-odds betting has been credited with stimulating the horse racing industry in Australia and is expanding worldwide, but has been resisted in the United States because of the differences in takeout structure between sportsbooks and pari-mutuel pools. Tracks often hold up to 20 percent of handle to feed pools, while sportsbooks take less. Proponents of fixed-odds horse wagering assert that players will make up for the shortfalls with their increase volume of wagering.

“These are issues that happen not just on a state by state basis, but really on an operator-by-operator basis. People are moving cautiously in the sports betting arena,” Waldrop said. “It’s too early to tell whether the fixed-odds wagering will gain traction.

“It should, it absolutely should. It provides some certainty to players, the kind of certainty they’re used to getting in the sports betting arena. But I can’t predict how quickly that happens. The revenue factors that have to be considered. The risk factor is not an element for parimutuel because you’re basically commission-based wagering and how to convert a sports wager into DraftKings offered fixed-odds betting on the Haskell Invitational card at Monmouth Park last year.

Any vendor with a skin in a New Jersey sportsbook, Drazin said, is eligible to contract for fixed-odds horse wagering. Waldrop said that TVG, whose parent company is Flutter Entertainment, is also “looking at” fixed-odds wagering.

Horse racing provides boost to sports betting, needs a residual effect

It was once ironic that the campaign that ultimately led to the possibility of legal sports betting in the entirety of the United States began with a horsemen’s association lawsuit in New Jersey. All those new consumers would have even less reason to turn their attention to an afternoon program at Monmouth Park. But now there’s a symmetry.

The horse racing industry collectively hoped after the repeal of the Professional and Amateur Sports Protection Act in 2018 that newly cultivated sports bettors would turn the occasion dollar toward the flagging pari-mutuels industry, and for now, they have. While the industry faces the same sustainability questions as eSports and Russian table tennis markets once the “big four” return, the present is heartening.

“We love it,” Waldrop said. “We love it.”

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Horse Racing Bets Supplementing Minimal Sports Betting Options

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Welcome to another week of quarantine. Potentially, though, it won’t last much longer.

States across the country have started reopening select businesses and easing isolation restrictions as they pertain to the coronavirus pandemic. They have developed policies and guidelines for the public and industries to follow in order to resume operations.

In due time, it appears, casinos will reopen their doors after being closed, for the most part, since March.

Along those lines, major sports are reportedly close to returning. As such, legalized sports betting across the country could pick back up. For now, though, we continue to wait. Hopefully, not for much longer.

On to the Rewind:

Sports betting down, horse betting up in US

As spring turns to summer, any other year, we’d be coming out of one of the busiest times of the sports calendar, what with March Madness and playoff pushes in the NBA and NHL, not to mention the start of MLB and the Masters.

Of course, as it has been well-publicized, the coronavirus pandemic has resulted in the suspension and cancellation of major sports schedules and events, starting March 11. Notably, the NCAA tournament was scratched, which certainly hurt the wallets of bookmakers.

So it should come as no surprise that a virtually sports-less March included sports betting handle in the US plummeting by 65% as it relates to the previous month and reflects a year-over-year decline of 45%. Similarly, overall revenue dropped nearly 60% month to month.

Nevada took the brunt among states with legalized wagering, as its handle and revenue from February to March nose-dived by 71.1% and 96.2%, respectively. For the Silver State, the lack of March Madness delivered a blow, as basketball in March 2019 accounted for 83% of Nevada’s handle.

That said, it appears bettors may have found another outlet: horse betting.

In April, while year-over-year handle dropped 24.4%, horse racing attracted more than $639 million in wagers last month. Consider, though, that many tracks across the country remain closed and just 746 races took place — a 71.4% drop.

Most notably, the average race day boasted a whopping $7.5 million in handle. Compared with April 2019, that’s a 176.5% spike.

Michigan casinos closed until vaccine developed?

Since March 22, casinos in Michigan have been shuttered due to the COVID-19 outbreak.

Some tribes have targeted reopening as early as this month. That’s not the case in Detroit, where properties might not open back up until a coronavirus vaccine is introduced.

As told to The Detroit News, city Mayor Mike Duggan noted that while reported COVID-19 cases and deaths in the state have declined, “[w]here we are today is where we’re going to be in September and is likely to be where we are in January.”

Duggan added that the virus will continue to exist until a vaccine is developed.

That said, Duggan related a potential world in which casinos potentially operated “at 25%-30% capacity” until a vaccine is introduced. He continued, saying he wouldn’t push for anything “before it’s medically safe” and that casinos might not welcome customers for a “few months.”

Closed casinos certainly hurt Detroit, which pocketed adjusted gross receipts of $1.45 billion from casinos in 2019, resulting in more than $184 million for the city.

Louisiana sports betting bills come to light

While sports remain sidelined, lawmakers in Louisiana have introduced three bills to potentially land legalizing sports betting on the ballot and in the hands of the public.

Sen. Cameron Henry, as he told Legal Sports Report, expects the Senate to vote on his bill in short order.

That bill, S 130, simply requests the legalization of the industry to hit the November ballot. This strategy provides Louisiana legislators to take a step forward toward potentially regulating sports betting by gauging the interest of state residents.

It also gives lawmakers ample time to develop regulations, as Henry said, ones that “we’ll have months to work on rather than days or weeks.”

But it won’t be a statewide legalization. Individual parishes decided to approve sports betting via referendum. As an example, 47 of 64 parishes green-lit daily fantasy sports.

To reach the ballot, legislators must pass a referendum bill by June 1. If approved by voters, Louisiana then implements language for a bill in 2021. Finally, a revenue bill with tax rates and fees must pass the legislature by a two-thirds supermajority and receive governor approval.

The other two proposed bills also aim to get in front of voters and include regulatory language for legal sports betting at 15 riverboat casinosone land-based casinos in New Orleans and four racetracks. Both proposals limit online wagering to casino properties.

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Horse Racing Bets Supplementing Minimal Sports Betting Options

[ad_1]

Welcome to another week of quarantine. Potentially, though, it won’t last much longer.

States across the country have started reopening select businesses and easing isolation restrictions as they pertain to the coronavirus pandemic. They have developed policies and guidelines for the public and industries to follow in order to resume operations.

In due time, it appears, casinos will reopen their doors after being closed, for the most part, since March.

Along those lines, major sports are reportedly close to returning. As such, legalized sports betting across the country could pick back up. For now, though, we continue to wait. Hopefully, not for much longer.

On to the Rewind:

Sports betting down, horse betting up in US

As spring turns to summer, any other year, we’d be coming out of one of the busiest times of the sports calendar, what with March Madness and playoff pushes in the NBA and NHL, not to mention the start of MLB and the Masters.

Of course, as it has been well-publicized, the coronavirus pandemic has resulted in the suspension and cancellation of major sports schedules and events, starting March 11. Notably, the NCAA tournament was scratched, which certainly hurt the wallets of bookmakers.

So it should come as no surprise that a virtually sports-less March included sports betting handle in the US plummeting by 65% as it relates to the previous month and reflects a year-over-year decline of 45%. Similarly, overall revenue dropped nearly 60% month to month.

Nevada took the brunt among states with legalized wagering, as its handle and revenue from February to March nose-dived by 71.1% and 96.2%, respectively. For the Silver State, the lack of March Madness delivered a blow, as basketball in March 2019 accounted for 83% of Nevada’s handle.

That said, it appears bettors may have found another outlet: horse betting.

In April, while year-over-year handle dropped 24.4%, horse racing attracted more than $639 million in wagers last month. Consider, though, that many tracks across the country remain closed and just 746 races took place — a 71.4% drop.

Most notably, the average race day boasted a whopping $7.5 million in handle. Compared with April 2019, that’s a 176.5% spike.

Michigan casinos closed until vaccine developed?

Since March 22, casinos in Michigan have been shuttered due to the COVID-19 outbreak.

Some tribes have targeted reopening as early as this month. That’s not the case in Detroit, where properties might not open back up until a coronavirus vaccine is introduced.

As told to The Detroit News, city Mayor Mike Duggan noted that while reported COVID-19 cases and deaths in the state have declined, “[w]here we are today is where we’re going to be in September and is likely to be where we are in January.”

Duggan added that the virus will continue to exist until a vaccine is developed.

That said, Duggan related a potential world in which casinos potentially operated “at 25%-30% capacity” until a vaccine is introduced. He continued, saying he wouldn’t push for anything “before it’s medically safe” and that casinos might not welcome customers for a “few months.”

Closed casinos certainly hurt Detroit, which pocketed adjusted gross receipts of $1.45 billion from casinos in 2019, resulting in more than $184 million for the city.

Louisiana sports betting bills come to light

While sports remain sidelined, lawmakers in Louisiana have introduced three bills to potentially land legalizing sports betting on the ballot and in the hands of the public.

Sen. Cameron Henry, as he told Legal Sports Report, expects the Senate to vote on his bill in short order.

That bill, S 130, simply requests the legalization of the industry to hit the November ballot. This strategy provides Louisiana legislators to take a step forward toward potentially regulating sports betting by gauging the interest of state residents.

It also gives lawmakers ample time to develop regulations, as Henry said, ones that “we’ll have months to work on rather than days or weeks.”

But it won’t be a statewide legalization. Individual parishes decided to approve sports betting via referendum. As an example, 47 of 64 parishes green-lit daily fantasy sports.

To reach the ballot, legislators must pass a referendum bill by June 1. If approved by voters, Louisiana then implements language for a bill in 2021. Finally, a revenue bill with tax rates and fees must pass the legislature by a two-thirds supermajority and receive governor approval.

The other two proposed bills also aim to get in front of voters and include regulatory language for legal sports betting at 15 riverboat casinosone land-based casinos in New Orleans and four racetracks. Both proposals limit online wagering to casino properties.

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Can You Still Bet On Horse Racing in The US? Live Updates, Cancellations

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COVID-19 has wreaked havoc on the world of sports, with horse racing and betting being no exception. A myriad of horse racing events have either been postponed or will only be held without an audience present.

While the sport of kings is in a state of disarray, Play USA readers can expect this list to keep them abreast of all cancellations, and events tabbed to proceed. States omitted are those without thoroughbred racing tracks.

Tracks and online horse betting apps generally take wagers on races outside of the US, as well.

Arizona

The Turf Paradise racetrack on Saturday announced the cancellation of its season due to the Coronavirus.

Arkansas

Horse racing continued at Oaklawn Park on March 14, as Nadal won the Rebel Stakes. The racetrack has since announced that it will hold races without spectators through March 30.

California

Races at Santa Anita Park in Arcadia will proceed without an audience. The prominent California course will play host to the San Luis Rey Stakes on March 21.

Colorado

As of this writing, it’s unclear whether Arapahoe Park – the state’s only active racetrack- will hold events at the start of its season on May 23.

Delaware

As of this writing, it’s unclear whether Delaware Park – the state’s only active racetrack- will hold events at the start of its season on May 27.

Florida

Gulfstream Park in Hallandale Beach will hold horse racing events that are closed to the public. The Florida Derby is scheduled to take place at Gulfstream on March 28.

The Tampa Bay Downs will conduct races without spectators on March 18.

Illinois

While it’s unclear whether Arlington International Racecourse will be in operation for its opening day on May 1, the venue has canceled several other events this month.

Fairmount Park held a full slate of spectator-free races on March 17. The park and its OTBs will remain closed to the public through March 30.

Hawthorne Race Course has ceased all live races through March 30.

Indiana

Each of Indiana’s racetracks, Hoosier Park and Indiana Grand, announced plans to close for a two-week period starting March 16.

Iowa

The racetrack at Prairie Meadows was shut down on March 16, along with the property’s casino and hotel. The course is next scheduled to hold races on May 1.

Kentucky

The 2020 Spring Race at Keeneland has been canceled, the racetrack announced Monday. The race, which was to be held from April 2-24, generated over $16 million in handle last year.

The 146th Kentucky Derby has been moved to September 5, Churchill Downs CEO Bill Carstanjen said Tuesday. This postponement represents the latest blow the sporting world has absorbed from the Coronavirus pandemic.

Turfway Park hosted the Grade 3 Jeff Ruby Steaks on March 14, which was won by Field Pass. The park announced it will continue holding races through the spring and winter without spectators.

Louisiana

The Fair Grounds Race Course in New Orleans will hold spectator-free races. The venue’s on-site OTB, Pari-Mutuel, and slots facilities are closed, though off-Site OTBs remain open.

Maryland

The Laurel Park racetrack on Friday announced its intention to hold fan-free events. Laurel Park has since hosted the Harrison E. Johnson Memorial Stakes and Nellie Morse Stakes, won by Senior Investment and Arrifana, respectively.

Massachusetts

The Suffolk Downs racetrack announced plans to suspend on-track operations from March 15 through at least April 2nd.

Michigan

The Northville Downs racetrack will be closed through at least March 30.

Minnesota

The Canterbury Park racetrack announced plans to suspend operations starting on March 16.

Nebraska

Fonner Park announced the suspension of its season Monday. The racetrack’s most recent contests were held Sunday.

New Jersey

Each of the state’s racetracks – Meadowlands and Monmouth Park – announced plans to suspend operations on March 16. Meadowlands pledged to provide updates when available, and Monmouth Park updated its opening day to May 23.

New Mexico

The Sunland Derby, which was to be held at Sunland Park Racetrack on March 22, was canceled due to Coronavirus concerns. The racetrack announced it would take a three-week sabbatical starting on March 16.

New York

Events at Aqueduct Racetrack will proceed, albeit behind closed doors. Aqueduct’s upcoming races can be found here, and will air nationwide on FS1 and FS2.

It will be worth monitoring Aqueduct’s stance, as the racetrack has already received criticism from animal rights organization NYCLASS.

As of this writing, it’s unclear whether Belmont Park will hold races for its opening day on April 24.

The Finger Lakes racetrack will be closed until further notice.

As of this writing, it’s unclear whether Saratoga Race Course will hold races for its opening day on July 16.

North Dakota

As of this writing, it’s unclear whether North Dakota Horse Park will hold races for its season opening in July.

Ohio

Belterra Park in Cincinnati has been closed until further notice.

The Mahoning Valley Race Course has scheduled live racing without spectators for March 17. The facility will otherwise be closed to the public.

The Thistledown Racino has temporarily closed its doors. It remains to be seen whether the course will hold races for its opening day on April 29.

Oklahoma

The Remington Park racetrack will continue hosting spectators for live races with enhanced safety measures.

Oregon

The Portland Meadows racetrack temporarily closed.

Pennsylvania

Parx Racing said its racetrack will be “temporarily closed until further notice.” This applies to its Bensalem location, the South Philadelphia Race & Sportsbook, and the Oaks Race & Sportsbook.

Texas

Lone Star Park at Grand Prairie announced plans to close doors from March 16 through March 31.

Retama Park in Selma has canceled or postponed all live events. It remains to be seen whether the racetrack will hold events on its July 3rd opening day.

Sam Houston Race Park will continue its live racing program without spectators.

Virginia

The Colonial Downs racetrack closed on March 15 and will remain so through the 30.

Washington

The Emerald Downs racetrack said it would be closed to the public in a statement released March 12. As of this writing, it’s unclear whether the racetrack will hold spectator-free races in 2020.

West Virginia

The Hollywood Casino at Charles Town Races has maintained live racing, completing races as recently as March 14. Play USA will relay any updates to the course’s 2020 schedule.

The racetrack at Mountaineer Casino has taken proactive safety measures in light of the Coronavirus pandemic, but none have interrupted the venue’s racing schedule. The venue’s next live race is scheduled for April 26.

Wyoming

As of this writing, it’s unclear whether the Wyoming Downs racetrack will hold races on its opening weekend in July.



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Professional Poker Player Transition to Sports Betting – Where's the + EV in Horse Racing Systems?

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EV or Expected Value is a widely used term in poker terminology to determine if the outcome of a play is +, 0 or – in terms of profitability. This article is aimed for Poker Players who also like to punt on UK and Irish horse racing. It never ceases to amaze me how many good poker players are terrible at betting on horse racing. If they can spend so much time on their poker game then why not also put in the effort when placing a bet to ensure that you have the most + EV decision that you can possibly make with all the information at hand. The title of the post is actually a small bit misleading as I personally believe that all horse racing systems are doomed and the way to consistently profit at betting on horse racing is to have a horse racing method not a system.

The following article will lay the ground work for anyone who wants to start taking their punting to the next level. There is no better satisfaction then spending an hour or two analysing a race and 1 horse just stands head and shoulders above the rest when you compare all the different factors that I will explain below. Of course the toughest part is having the discipline to only wait for when these such occasions occur when placing a bet, and some times, this may mean you do not bet for up to a month. (This may help explain why I moved into playing poker from sports betting as the results of your actions are known instantaneously, and you can play a game anytime of any day). I also think you can compare a MTT player to a professional sports bettor – you can go long periods without a win and then score a few big results and then rinse and repeat and hopefully over the course of the year you will have been profitable.

1. You must specialize. All the most profitable professional sports bettors pick not only 1 sport but only a small niche in that sport. Patrick Veitch, who has won over 10 million punting on horse racing in the UK only bets on UK flat racing. He even has a massive team of researchers who do a lot of the work for him, but he as he also works 18 hours days during the flat season he is naturally burnt out by the end of the season.

For the beginner though, what I mean by specialize is concentrate on an area of ​​horse racing where you can get the most information. Information is power so unless you own a shed load of 2 year old horses or are the nephew of Aidan O Brein, there is no point in specializing in 2 year old horse races as you just wont have enough information to go on. Therefore it makes more sense to specialize on handicap races, where each horse in the race must of least have run 3 times to qualify but mainly are run by the same horses year in, year out until they are retired.

The best races then to specialize in are 4 year old plus handicaps in flat and national hunt racing as you have the most information available and you can start to see patterns in horses and therefore pick out some very + EV selections when you have spotted this pattern and the majority of the racing public haven't. This is the bread and butter of successful punting, going against the crowd.

Personally I used to specialize in 4 year old plus UK flat handicaps in the summer, and UK and Irish National Hunt handicap chases and hurdles in the Winter.

2. In your specialized area, when you select a race to analyze, you must go through every horse in the race to develop a shortlist. Below are my 5 essential criteria that every horse must have when you are placing a bet.

a) Going – The horse must be proven on going conditions.

b) Distance – The horse must be proven on the trip

c) Course Type – The horse must be proven on similar type of course

d) Fitness – The horse must have shown that it can operate at optimal levels since its last number of days off the track.

e) Class – The horse must have either won at the class he is currently competing in before or else gave a very good showing in a previous race at the similar or higher class level.

Going and Distance

With regard to going and distance and to a lesser extent course type, I will not fully discount a horse who has never raced on the going if he has extremely good sire stats (15% + strike rate) however I would always give precedence to another horse in a race who has won on for example soft going compared to a horse who has never raced on soft but has sire stats of 18% strike rate for soft going conditions.

With distance, I would also use sire stats if a horse is moving up or down in trip by 1 furlong on the flat, and 2 furlongs in national hunt. With experience, you can tell by looking at a race if a horses needs the extra trip or not and the sire stats can be a great way to back up that visual piece of information.

Course Type

This often overlooked by the general racing public. The best thing about UK and Irish racing is the different types of race courses you will encounter. Cheltenham (left-handed, galloping, undulating and testing track with stiff fences) is totally different to Stratford (left Handed, flat & Sharp) as it is to Sandown (right-handed, galloping, testing track)

A horse who has won twice in Cheltenham will probably never win a race at Stratford and vice versa. Bigger sized horses are more suited to galloping tracks as they can take the turns easier and can maintain a strong galloping pace for longer whereas a smaller sized horse is better suited to sharp tracks (ie less than 10 furlongs) as most of the running will be going around bends and therefore the bigger horses will not be able to maintain their top galloping speed for long on the stretches.

Also some horses can only run to their best at left handed courses and vice versa. You would actually wonder why trainers persist to run horses which clearly will not win on a certain turning race track, but then you realise by doing this, they will get their official rating down as horse will appear to be trying but will be hanging left or right the whole way through. You have to be aware that trainers will be trying to manipulate the handicapper a lot of the times in the lower grade races by running horses on unsuitable ground, at the wrong distance, on the wrong course type, or running the horse with a different style During the race all to try and reduce their rating so that they can set up a better chance for themselves to win in the future at a decent price.

I love Cheltenham race meet in March for the simple fact, the course is a stiff testing course which straight away rules out a lot of other horses in the race as they just cant handle it, the grade of racing and pirze money on offer means that everyone is trying to win, and you can nearly always guarantee what the going will be. Therefore if you just use the criteria above and select horses who are proven on the 5 factors (and this applies to the non handicap graded races too, you will see huge profits)

Fitness

To determine a horses fitness, you must look at its previous patterns of how it performed when it returns after a certain number of days off the track. The beauty of handicap races is you have loads of past information to go on and you can see if a horse is 0-5 when returning after an 80 day lay off, whereas he is 3-2-5 when he returns between 15 and 30 days.

Class

A horses class is often overlooked by the racing public. Statistically horses who are moving up in grade / class do not have a good strike rate, however the public will back it blindly if it sees it has won by 5 lengths in its previous race in a lower grade. Analyze past races to see if a horse has won or come close in the grade of race it is racing in today. You can discount a horse if it has failed 2 times at the grade when having all other conditions to suit except for when it is running for a new stable which has a good record at rejuvenating horses.

Also keep in mind that a horse who has placed in a black type race (ie grade, 1,2,3) will have a more class than a horse who has a good winning record in Class 2 (B) handicaps, so if it It is racing in a Class 2 handicap for the first time, do not discount just because it has never won a race.

3. Once you have created your shortlist based on the above criteria, you can now get down to the real dirty work of finding the eventual winner. Sometimes you might only be left with 1 horse, sometimes with 8, you must then start applying other filters to see if you can narrow down the list more. Sometimes the odds will allow to dutch 3 horses left if you can not narrow it down anymore. Then go for it as it is a plus EV move.

However be aware that every time you discount you must have a very valid reason backed up by a decent sample size. Here's a list of filters to reduce the shortlist.

Weight

Some horses as stated earlier have a bigger frame then others, therefore having top weight doesn't make much difference to them, whereas the smaller horse will struggle. Again by studying previous races you will spot a pattern

OR

This is the official rating that the horse racing board's in house handicapper assigns to a horse to determine what weight it should carry in its next horse race. The OR is updated weekly, therefore you sometimes see trainers turn out a horse 3 times in a week to try and take advantage of this before the handicapper reassigns it a higher rating. For an excellent explanation of official hores racing handicapping see this article written by good friend Malcolm Smith over at www.UKhorseracing.co.uk .

After a while, horses will reach their peak and start to hover around a certain OR mark. Therefore it will be unlikely that it will win if its OR mark is higher than its highest winning mark unless the horse is an improving progressive sort. But for older horses, this OR mark becomes more important and can be more relied upon.

Field Size

Some horses will not race unless they are covered in the pack, other horses need room otherwise they get into trouble during the race. The trick is to identify these type of horses. You will start to spot where some horses only win in races with less than 8 runners, but never figure in races with more than 12. You can safely assume that he needs the perfect ride in a big runner race but more than likely will not get that (This is when you can factor in the Jockeys ability to see if its OK to rule out this horse or not) The field size matters more in National Hunt, as some horses prefer seeing the jumps early / later and as they are pack animals prefer chasing a leader than actually leading

Seasonal

A lot of horses prefer to run in certain times of the year. This could be down to how a trainer prepares the horse over the course of the season and aims it to be at full fitness come March time for example, but other times horses just perform better in certain months. Again by looking at past patterns you will begin to spot these trends.

Trainer Statistics

8 years ago it was a very profitable trend to follow certain trainers at certain race tracks for certain race types. This edge has slowly eroded since the markets have caught on, however it still needs to be factored in when trying to finalize your short list.

Trainer – Jockey combinations

If you try and follow this blindly by backing winning Trainer-Jockey Combos, you will most likely end up with a loss. However it is a good tool to have when you are trying to reduce the shortlist as some stats are just too good to ignore.

Jockey Booking

This is actually a powerful indicator. However this again does not mean much if the horse does first qualify for the 5 essential criteria above. Also if you only ever back horses with the top jockeys on board you are forgoing on EV as, the odds will drop on a horse with the likes of Ruby Walsh or Tony McCoy on board, but odds will still remain good on a horse if for example the jockey booking was Graham Lee, who is a very underrated performer. Look back over past races and see how the horse has performed under their guidance before. You will start to see profitable trends and indicators.

Gambling Stables

There are a few ways to do this. One is manually record stables where horses have been heavily backed and won. Another way is to look at a horses previous wins and see what the average odds were. The lower the winning odds, the bigger chance that the stable money only goes down when the horse has a good chance of winning (Kevin Ryan is an example of a gambling stable). The higher the odds, means the horse has won races that they weren't fully expecting to win and therefore less likely a gambling stable (Veneita Williams comes to mind here for being an honest stable).

Post Race Comments

This is often overlooked. If you see what trainers, jockeys and owners have said to the press after a horse has won (See the racing post website for all the comments), you can pick up some useful information which can help you lean one way or the other on a selection.

Pace of the race.

To understand the pace of the race you first need to figure out what is each horse's preferred running style. They can be broken down into front runners, prominent runners, Hold up horses. Here's is a fantastic article which details the breakdown of winning% of different horses running styles compared to the actual number of race entries of horses with different running styles.

It shows that you should really be concentrating on front running and prominent horses as it accounts for 65% of winners compared to being only 50% of entries in races. Front runners in particular account for 20% of winners even though they only supply 11% of runners in a race.

You can use this to your advantage once you get to know all of the different course types. By backing a front running horse that satisfies the 5 essential criteria on a race course which has a sharp track with a short run in, you have added a few% EV points to your selection.

Another factor here is analyzing the previous 3 races the horse has ran in and check out the in running comments. Especially look at the horses who came placed or came outside the top 4 but were close near the end. Keep and eye out for comments like "finished strongly", "kept on well", "stayed on well", "kept on final furlong" and for other tidbits like "hampered" but then "finished strongly". These can point towards a horse who is on the upward curve and given the perfect conditions in the next race will have a very good chance of winning.

Another thing to factor in is if a race does not have any natural front runners, then the race will not be run at a true pace, therefore could throw up some very unusual results. It may mean that the horse who has the best speed on a flat track will win when it drives all out in the last furlong.

When the pace of the race is guaranteed, the classier horse which satisfies the essential criteria will more often than not win the race.

4. Resources

For 6 years, before getting lured into the world of Online Poker, I punted successfully on horse racing and I used the following resources

Ratings from ukhorseracing.co.uk.

The ratings are based upon advanced pure mathematics but are presented in a an easy to read pdf. The main feature in my view that sets this service apart from a lot of pretenders is the 'Class' filter they derive using their mathematical approach. Fantastically accurate for Non Handicap graded races in both National Hunt and Flat racing in the both UK and Irish racing. They also have a great forum where you can exchange ideas with the other members and have recently introduced a Racing Bot where you plug in all your profitable racing systems and sit back and watch.

Stats and ratings from ukracestats.com

I only found this website 4 years into my sports betting career, and it was free for nearly 2 years after that. It is without doubt the biggest time saving tool when it comes to analysing a race using all the criteria and filters I have mentioned above in the article. The only negative is that they only cover UK horse racing.

Racing Post Website- Last year they introduced a subscription service and I suppose it was about time considering all the information that it provides. It is essential for anyone serious about racing. I used it to confirm my findings from the ratings and stats mentioned above.

At The Races Website – Good for watching previous races and offers different race analysis from the Racing Post. As far as I know this is still free.

I hope that after reading the above that you will now not just throw money blindly at the favorite when you have a punt on the horses. Put a bit of time and effort into the selection process and give yourself a + EV chance of winning.

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Source by Paul Redfern

Horse Racing – The Sport of Kings

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Thousands of years ago, man discovered that an animal from the Equus order was good for carrying his burdens and lightening his load. Then one day, as the human race as a whole are natural competitors, we began to use that animal, called the horse, to race against others.

Then man began breeding horses to excel in speed and endurance. When this new type of entertainment and sport began to evolve, it was the nobility, or royalty, who could afford the expense of breeding horses for this purpose. Therefore, that “class” of people were the ones who most often enjoyed the leisure of competing in horse races.

Early picture records of horse racing were found in the origins of prehistoric nomadic tribesmen of Middle Asia. It was they who first domesticated the horse around 4500 B.C. The first written records came much later, after horse racing was already an established sport from Central Asia to the Mediterranean. Horse racing became a part of the Greek Olympics around 638 B.C. And the Roman Empire was obsessed with the sport.

Modern racing traces its roots back to the 12th century. Knights of the British Empire imported Arabic horses upon their return from the Crusades. In the years that followed, hundreds of Arab stallions were crossbred with English mares to give the most desirable combination of speed and endurance. This breed of horse became known, after its evolution, as the Thoroughbred and of course the nobility were leaders in staging competitions between two superior Thoroughbred horses for private wagers, as a diversion.

As the sport evolved to being more professional during the reign of Queen Anne in the early 18th century, one-on-one races gave way to events in which several horses competed. Racetracks offered purses, or prize money to the winner of the events. And those purses grew larger in order to attract the best horses.

During the mid-1700s, it was decided that there needed to be a governing body to determine the rules and standards by which racers, breeders, and owners must abide. As a result the Jockey Club was established in Newmarket, and still exercises complete control over English racing to this day.

Once the Club established the complete rules and standards of the horses and the races which could be run under sanction of the Club, five races were designated as the “classic” races for three-year-old horses. The English Triple Crown – which is open to both colts and fillies – consists of the 2000 Guineas, the Epsom Derby, and the St. Leger Stakes. Two other races, which are open only to fillies, are the 1000 Guineas and the Epsom Oaks.

As the British settled in America, they brought very fine breeding stock and racing horses with them. The first known racetrack in the Colonies was on Long Island in New York. It was first laid out around 1665. Though horse racing was a popular local event, organized and professional racing did not actually start until after the Civil War. From there, the sport escalated in popularity across the settled parts of the country. And many of the racetracks were run by the “criminal element.” As this was quite undesirable to the more prominent track owners and breeders, they met in New York in 1894 and formed the American Jockey Club. They soon established rules and regulations, similar to those of the English Jockey Club, and quickly eliminated much of the corruption.

The Kentucky Derby, one of the best known horse-racing events in the United States, was first run in 1875. Its home is at the Churchill Downs in Louisville, Kentucky. It is one of the three races which make up the American Triple Crown. The other two are the Belmont Stakes, first run on Long Island, New York at Jerome Park in 1867, and the Preakness Stakes, first run in 1873 at Pimlico Park in Baltimore, Maryland.

Although interest has waxed and waned over the years, horse racing is the second-most attended spectator sport in the United States, outranked only by baseball.

There are other forms of horse racing in both Great Britain and the United States. These include:

– The steeplechase, which requires the horse to clear such obstacles as brush fences, stone walls, rail fences, and water jumps. The oldest and most famous steeplechase in Great Britain is England’s Grand National. It was first run in Aintree in 1839, and continues even today. The most famous in the United States is the American National. It was first run in 1899 at Belmont Park and continues to be held there annually.

– Hurdle racing is similar to the steeplechase, but is much less demanding. It is often use as a training arena for Thoroughbreds who will later compete in steeplechases.

– Point-to-point races are generally run by amateurs throughout the British Isles.

– And last but by no means least is harness racing, which was very popular during the Roman Empire. Once the Empire fell the sport all but vanished until its resurrection, by those who liked to race their horses in harness on the country roads of America, at the end of the 1700s. The first official tracks for harness racing came about in the early 1800s, and by 1825 harness racing became a favorite attraction at country fairs all across the U.S.

Out of the rebirth of harness racing, a new breed of horse was born. In 1788, an outstanding English Thoroughbred stallion was imported to the United States. He was bred with American Thoroughbred and mixed-breed mares to establish the line of Standardbred. The name is based on the “standard” distance of one mile in harness racing speed. The descendants of this line were rebred over the years to create this new breed which has the stamina, temperament, and physical size and structure to endure racing under harness.

Although harness racing suffered a decline of popularity again in the early 1900s, it bounced back in 1940 after being reintroduced at a raceway in New York as a pari-mutuel betting event. Its number of tracks and scheduled annual events outnumber those of Thoroughbred racing in the United States today. It has also gained popularity in many European countries, Australia, New Zealand, and Canada.

What was once almost exclusively “the Sport of Kings” has segued over the years to encompass people of all lifestyles and income. It remains, however, a sport quite often associated with the “well-to-do”, those who can afford the vast expenditure involved with raising the standard of horse required to run in, and win, the large purses awarded by, the most popular horse-racing events around the world.

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Source by Michael Russell

Categories: Sports Betting

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Beginners Guide to Australian Greyhound Racing

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Greyhound racing is popular not only in Australia but also in other countries such as the United States, Great Britain, Ireland and New Zealand. These are actually the five main large-scale greyhound-racing countries in the world. Some of the small-scale greyhound racers on the other hand are Argentina, Brazil, Mexico and a whole lot more.

In this sport, the grayhounds race by chasing an artificial hare or rabbit, also known as the lure, around a track until they reach the finish line. Whichever crosses the finish line first is of course the winner of the race. This type of racing has extensively become part of the gambling business, which is why the sport has such a stronghold in the aforementioned countries despite expressed concerns of people regarding the health and well being of the dogs.

The history of this racing can be traced back in the 1870s when an experimental grayhound racing was conducted on a straight track at Hendon, beside the Welsh Harp reservoir. The sport did not develop though until year 1912 when Owen Patrick Smith introduced the use of oval tracks for the race and an artificial hare as a lure to campaign for a halt in the killing of jackrabbits. Greyhound race betting then started in the 1920s when the certificates system was developed.

In Australia, the Australian Greyhound Racing Association or AGRA is the governing body that regulates greyhound welfare and living conditions. The said association is further divided into various state governing bodies to help facilitate grayhound welfare regulation. One of their responsibilities is to check the grayhounds for parasites, malnourishment or any medical condition, or basically just an overall examination that will assure that the dogs are healthy and in good condition before they actually compete.

The sport is extremely popular to male working-class audiences, especially when it comes to the art of betting. If you are new to the world of betting for this sport, you should first do your homework of researching for reliable grayhound racing tips before you finally place your bet. Greyhound racing tips actually emphasize that race betting is not really a game of chance but a game of analysis and careful scrutiny.

One of the top grayhound racing tips you'd most likely find helpful is to study the dogs. This is important when placing a bet. You don't just place your bet on any dog ​​without considering its qualities and racing capabilities. Although you can't know all the dogs too well right away, it would help if you try to find out first the grayhound's age and track record. In the event that you do win, it is a sound decision to not immediately replay your winnings. Although winning a bet gives you that incredible feeling and assumption that luck is on your side, getting too carried away might just reverse the table. Keeping your winnings with you after a bet instead of betting again immediately will decrease the chances of eventually losing all your winnings.

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Source by Jason L Penna

Categories: Sports Betting

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Pick 3 Horse Racing Tips and Betting Strategy

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While I am often heard warning my fellow horse racing handicappers to avoid low priced runners (any horse going off at less than 2-1 odds) there is a situation when I feel it is a good horse betting strategy to wager on a horse going off at short odds. Horse racing tips may leave you cold, but this is not a tip on a specific horse but rather a situation to look for when playing the pick 3.

As I am sure you know, the pick 3 is an exotic bet that requires picking the winner of three consecutive races. Here is a situation I look for when I find a horse going off at a short price that I have spent some time handicapping and want to make a profit for the time I’ve invested handicapping the race. If you locate a horse that looks like it has a better than average chance of winning a race, but is going off at low odds, try to play it as one leg in a pick 3.

The ideal conditions are to have a horse that lays over the field in one race and then two very contentious races that make up the rest of the bet. A typical situation might be your short priced favorite in the first race. In the next race, there are 6 starters and each seems to have a chance to win. In the final leg of the pick 3 there are 8 runners, but only four seem to have legitimate chance to win.

Your bet would look like this…

in the first leg you key on the favorite whom you like to win

1/

In the second leg you wheel all six horses

1/all/

and in the final leg you key on the four horses that you think are contenders

1/all/1234

The bet will cost you $48 based on a $2 pick 3 bet and will cover 24 possible combinations. The fact that you have some long priced horses in your bet will provide a nice payoff if the favorite should happen to falter in either leg of the bet and that is likely to happen.

Of course, there are no sure things in life, but keying on a horse that lays over the field and using this betting strategy allows you to take advantage of an opportunity that might have been missed if you only place win bets and limit your bets to horses starting at 2-1 or better. This simple system has worked well for me as long as I make sure my horse that I single on is a rock solid bet.

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Source by Bill Peterson

Categories: Sports Betting

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Horse Betting Racing Secret Systems – Punting Tips You Take to the Bank

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Let’s face it, making money with horse bet racing is tough. Trying to beat the bookies is a scam, they collect all of the betting money from punters, and then drop the odds off the map seconds before the race starts, leaving you and every other punter out there “hung out to dry”, even if you picked the winner. However, there are still so many proven ways to take consistent winnings with the proper horse betting racing system.

The truth is that 95% of all punters do not make any winnings consistently. This is not because they don’t want to win or are not putting enough effort into their selection processes, but more often than not, this is because the horse bet racing system they use themselves is weak or flawed.

There is a distinct horse betting formula which professional punters use to pull consistent, even full time incomes from horse bet racing. Betting secrets which professionals have spent years developing as well as hiding from the general public. I am going to provide you with a basic overview of the horse betting process and some tips to get you punting with success right off the bat.

1.) This you may find pretty standard, but if you don’t know anything about horse bet racing, or reading racing forms, follow closely. Start by looking at the daily racing form. These are available at the track, a newsstand, bookstore, or you can simply go to the internet. You are going to need to know some of the basics about reading the racing form because this can make all of the difference between a successful and unsuccessful horse betting run.

Reading the days racing form gives us an overview for all of the days events. Which horses will be running, which jockeys will be running, who is the favorite horse before the betting can begin, what time are the races scheduled, etc. Reading the racing form is a must if you are serious about making money through horse betting racing.

2.) You want to gauge each horse in the race field to get an idea of how they have been running in their past events, this is called a horses “form”. Take a look at their past 3 races, how has each horse competed? What place and time did they finish? The speed figures are listed in the racing form and you can then compare a horses average speed and position against other horses in the racing field.

Also, take a look at the distance of the last 3 races each horse has ran. How does the horses last race distances compare to the current days race? Think of it this way, lets say a horse has done well in their last 3 races at 800 meters, maybe even finishing in the money. Now, if the race that particular horse is running today is 1500 meters, we are going to have to be very careful in analyzing the other horses in the racing field. The change in race distance can be negative because the horse may be a better choice at its previously successful distances. So, just because a horse has done well in their last few showings, it does not mean they are ever guaranteed to win. These are just some basic questions you need to learn the answer to before placing any wagers.

3.) Look in depth into the jockey who is riding the horse you may consider betting on. A good jockey can be the difference between a strong finish and your horses potential not being used properly. Take a look at the racing form and see how each jockey stacks up against one another. Some jockey’s are “young” in the horse racing world and may have never even won a race before, while others can be some of the most coveted jockeys in the horse betting racing league. So be sure to see who is riding each horse in a racing field, usually there will be some well known names that stick out above the rest.

4.) Finally, you should look at the favorites in each and every race. Favorites statistically win 30-40% of the time so always be sure to look at a favorite very carefully. There can be different levels of favorites as well. A super favorite may be a horse that seems leagues above the other horses in their particular racing filed, but more often that not each race will have several horses that could be considered a favorite. When this happens you want to be even more careful with your selection process. There are ways to place tri-fecta and quinela wagers which can cover all of your tracks, that is getting into a bit more complicated horse betting secrets though.

The truth is that there is a distinct formula to consistent winnings with horse bet racing secrets. Knowing where, when, and how to act can make all of the difference between a horse betting system that produces consistent results and one that may strike a winner here or there. Horse bet racing is gambling, there is no other way to put it. So there is always going to be some risk involved, but with a well disciplined horse betting racing system you can very easily earn steady profits from smart horse bet racing tactics and take the “gambling” completely out of the equation.

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Source by Jim Bradley

Categories: Sports Betting

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Horse Racing System Betting Tips and Angles and Golf

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Horse racing systems come in many forms from the complex to the very simple and easy to use. I’ve been attending horse races for five decades as a man and boy and horse racing is in my blood. In that time I’ve seen many methods for handicapping and making winning bets and there is one conclusion I’ve reached. Nothing works all the time but almost anything works some of the time. Remember you heard that from a man who creates and sells horse racing systems. It is the unvarnished truth.

Whoa, there, you may say. A guy who sells horse racing systems telling us they don’t work all the time? That’s right. On the other hand, a good method is worth learning and knowing because with practice you can learn when and where to apply the methods successfully. It’s no different than playing golf when you think of it. Do you use the same club for every shot?

Playing 18 holes is no different than playing the different races on a program. The only difference, of course, is that you can skip a race or two but not a hole on the course. Each hole comes with its own unique challenges and each horse race comes with its own challenges. A good golfer thinks the whole hole through before teeing off.

A good horse racing handicapper may think about different racing systems and methods when looking at a race. Perhaps there is something familiar that will bring back a memory of another similar situation in which a spot play or horse racing angle worked well. There may be too many unknowns and the horse player may decide there are too many hazards and pass the race.

The best tip that I can give you is to learn several good methods for finding positive betting situations in which the betting public underestimates the chances of a runner winning. There are usually one or two on any program and therefore a chance to make a profit betting on horse races. However, it is still very risky and there will be long losing and winning streaks that will test the patience of the most seasoned horse player.

The public will always talk themselves into making one of the runners into a favorite. There are some races where one horse has something going for it that isn’t readily apparent from the track program. You’ll have to dig for that extra bit of info such as a jockey that has successfully piloted a horse to the winners circle on many occasions being reunited with that horse and the public overlooks the fact.

Experience will teach you which methods to apply to certain kinds of races and which betting systems work with those races. The bottom line, of course, is to always demand value. If your experience shows that horses in a particular situation must be at 4-1 or higher to make a profit, then by all means wait until post time and only wager if the odds are good.

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Source by Bill Peterson

Categories: Sports Betting

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Greyhound Betting Tips – How Win Big in Greyhound Racing

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Greyhound racing has been a popular sport involving animals these days, which allows betting on who will win the race. In fact, you can bet online if you want to. Although greyhound racing seems to be a simple betting game, there are also people who have lost a considerable amount of money due to this.

Whether you are a first timer in greyhound dog racing or you have been trying your luck in this betting game a few times, here are a few greyhound betting tips might help you improve your game.

– Check out the age of the greyhound. To be able to determine which one of the greyhounds is the fastest, check out the age of the dog which can give you a hint on where to place your bet. A dog at the age of two years often is at its prime. For the females, they usually have their prime at the age of three years.

– Be keen with your selection. Do not just go with the crowd favorites nor go with those who are not so known, but have a careful choice based on the winning edge of the dog.

– Check out those dogs that have ran recently. This will give you a hint that they are in good shape. For dogs that have not been on the race track for quite a while might mean they have been through some injuries. Of course, a greyhound that has been active in the race track differs in performance than those who have taken a long rest.

– If the greyhound has been in the racetrack recently, also check on the quality of races it has been through. A dog that has been into a few decent races can be a good bet. Always check on their speed too.

– Bet on the inside traps if the racetrack is a bit wet especially during races when the weather is not that favorable.

– Research your sportsbooks. One of the best greyhound betting tips to keep in mind is to always research beforehand. Especially if you are into online betting, make sure that you have researched and done a background check before signing up in online sportsbooks. You have to check whether they are affiliated in a known association. You have to check also if your bet is safe with them by checking out the quality of their customer service as well as how they handle and settle disputes. It is also important to check how fast they do the payout.

Aside from being careful in selecting where to place your bet, it is also one of the important greyhound betting tips to avoid playing all your winnings back. Always keep a part of it, probably most of it, to help you take control in the betting. Take note that in betting, you should not target to win big money at the start. Start small than losing big at the first stages of the betting.

Lastly, it is important to read always the form guide. It contains good information that would help you place a wise bet, thus read it thoroughly for you to have an idea on who would most likely won the race.

Indeed, being informed is one of the best greyhound betting tips that you should always keep in mind. The more informed you are, the more chances of winning as well.

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Source by Carolyn Anderson

Categories: Sports Betting

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You Must Be a Contrarian to Win at Horse Racing!

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Betting is a hell of a lot more fun when you win. The public generally views anyone that bets on horse racing as a gambler, translation a “loser.” With my early Computer Group success, I have never considered myself either a gambler or a loser.

You must approach racing with the mindset of a stock market analyst. If you look at it any other way, your just another compulsive gambler. (Sorry if anybody is offended, but we need to keep it real) Racing is a new financial market that is slowly catching up to the rest of the world.

With the invention of peer-to-peer exchange wagering, racing can be attacked, conquered, and soundly beaten. Advanced algorithms we use in our computer programs still have a decided advantage over the public. We are not talking about the software you buy for £49.95 on the internet, but proprietary databases run by main frame computers.

THINK OUT OF THE BOX, BE A CONTRARIAN

To beat the bookmakers and flog the public, you need to “think out of the box” and do the opposite of what their doing. This is only accomplished by contrarian thinking. Instead of betting horses to win, like the rest of the cattle, become a bookmaker and take a stand against public opinion by laying horses to win. If you are a newbie to all this, let me quickly explain that in any event, you can either Back a horse which means your betting to win. Conversely, I take a contrarian position against you, which means I am Laying your horse to lose.

When backing, you bet 10 to win 50. I choose to be on the other side by putting up £50 in order to win 10. Sound crazy. I am asking you to risk a lot to only win a little. Do not leave just yet we are only getting started. Think about it, all your loser friends are betting horses to win year in and year out. Are they retired and living on a golf course, offshore in Paradise, like I am? Or would they rather borrow money from YOU each week until payday.

Casinos and Bookmakers in Las Vegas welcome all comers to bet anything they wish on race horses. Look on the internet, hundreds of casinos will give you a bonus, if you promise to lose money with them. Maybe these casinos and bookmakers are on to something. Bookmakers are successful because they understand the mathematical odds of racing and sports wagering. We started in 1979, and have spent years to learn the accurate mathematics on what constitutes a loser. Most people cannot figure out a system that is foolproof and mathematically correct. Math geniuses are few and far between.

Let us examine this proposition a little bit closer. You are in the position of being David verses Goliath when backing a horse to win. To win, absolutely everything needs to go your way. You need to trust the trainer. Has he been properly placed his horse in a race with his friends. (His friends of course are other horses that he can beat) Next, the Jockey must give you a perfect ride. Do not move to soon, do not get shut off, do not go too fast, is he an apprentice. Ouch, and do not go too slow, or move to late, and most important. Do not fall off.

The horse also needs to cooperate for you to collect. He must feel like running today. Those new blinkers or tongue ties need to work. What about that deep muddy track or the artificial surface, has he run well on it before? He cannot become spooked by a new track surface that is new to him. There are a million more little tidbits that can separate you from your cash.

Allow me to take a look at the Lay side of this same event. I have decided to error on the side of the casinos and bookmakers. I will bet that your horse will not win, I will be laying him to lose. Last time I looked, they were constructing some pretty nice casinos with this kind of thinking. And the good news is, you will need everything to go right. I only need one thing for you to go wrong. I also have another huge bonus. I have every other horse in the race running for me. So in a race of 15 runners, I am cheering for any of 14 of them to win. If you have spent years backing horses and going home a loser, maybe it is time to switch teams and start laying horses.

I WANT TO RETIRE YOU ASK CAN RACING MAKE ME RICH?

The internet is full of innumerable computer programs, systems, books and manuals that supposedly give you a chance to retire. Most of them will take your money and give you little more than empty promises in return. These programs are not terrible, there are just not sophisticated enough to give you the edge needed to win To be competitive, you must combine state of the art technology with mathematics and meticulous record keeping.

Can this be accomplished by hand or on your home computer you ask? Certainly, but you will need Santa’s little helpers working for you to input all the data. Also, make sure you are using computers with artificial intelligence. In other words, the computer learns each day from the results and makes corrections to the program when needed. No software program is guaranteed to work in the future. Racing is in a constant state of flux and change. It is imperative that you stay ahead of rule adjustments, track bias, weather, etc. or you will be eaten up by change.

HOW THE SELECTION PROCESS WORKS

Remember with lay betting, you need to adopt a reverse strategy for evaluating horses and racing conditions. You must analyze how a horse will perform under existing track conditions. You need to take a look at race shape. Is there much speed in the race today? What part of the track should your jockey place the horse?

Many people think they have a system, only to discover that it does not work all the time. To be validated as successful, your program or system must work at all tracks, covering all types of racing, anytime of the year.

If your systems under performs, you must resist chasing your losses. This only leads to stupid decisions, and that of course is never good. Remember, scared money “NEVER WINS.” LIVE BY NUMBERS AND FORGOT HUMAN EMOTION.

We are good at what we do, because all methodology is 100% Mechanical and subject to human emotions. Over 100,000 races went into the Matrix Profile to find out what makes a loser. This is the most important line in this article. You MUST take Emotion out of the handicapping equation, unless of course you are a HAL 9000 computer. You will only WIN by strictly trusting and following the numbers.

WHAT DO YOU WANT TO ACCOMPLISH?

Before designing a system or methodology you need to outline your goals. Mine were very simple, but reaching the objective took a couple of years.

1. Design a method that would work everywhere. (All tracks, weather conditions, class, artificial surface, turf, types of race, maiden, stakes, claiming, etc.)

2.Design a method that could function with Betting Robots. The only thing the Bot would need to sort, are the odds. (Bet Only horses at 9.9 or less Betfair) Some people are not financially able to stay home and sit by their computer.

3.Maintain consistent results through out the year, without long losing streaks.

HOW TO BUILD A LAY SYSTEM

After our database of over 100,000 races was in place, we had to decide what was important. To be successful at laying horses, we needed to profile a loser. What were the key traits that are shared with the majority of losing horses? Each event is independent of all others. First we must compare all entries while assigning and deducting points for past results. Not only do we need a profile of a loser, we also need to profile who stands the best chance of winning.

In simply terms, I want to assign each horse a percentage chance of winning the race

Example Race:     

Horse A = 75.00% Odds of Winning – 25.00% Odds of Losing 

Horse B = 66.66% Odds of Winning – 33.33% Odds of Losing 

Horse C = 58.33% Odds of Winning – 41.67% Odds of Losing 

Horse D = 55.60% Odds of Winning – 44.40% Odds of Losing 

Horse E = 38.90% Odds of Winning – 61.11% Odds of Losing 

Horse F = 30.60% Odds of Winning – 69.40% Odds of Losing  

Horse G = 27.80% Odds of Winning – 72.22% Odds of Losing 

Horse H = 11.11% Odds of Winning – 88.88% Odds of Losing 

Horse I   =   8.33 % Odds of Winning – 91.67% Odds of Losing 

Look at the raw data above, which of the horses stands the smallest chance of winning the race. Which horses do you want to lay? Is your Answer to lay both Horse “H” and Horse “I”? If so, you can go sit in the corner and put on the dunce cap. This is only a part of the equation. You must know what the Betfair closing odds will be to make that decision.

Horse Selection “I”, will only win 8% of the time. So that means if you Lay Selections “I” you will collect 92% of the time. It still sounds pretty good, a system where you will win 92% of the time. But what are the Betfair Odds? If that horse goes to post at 150.0 to 1, you will be in big trouble. First you will never be laying horses at 150 to 1 unless you have an interest in the Royal Family treasury. To win 100, you will need to make sure you have 15,000 in your trading account to cover the days when he does win.

Carrying on with the example, if you only lost once every hundred races, instead of the projected eight times (8%), you would still be negative 5,800.

You must look for an acceptable win percentage, and decide on the largest amount you want to risk. Remember, the public is always the indicator of who will win, so the lower the odds, the more chance a horse has of winning. That is why many people will never lay a horse below 3 or 4 to one.

I am comfortable laying horses at 9.9 Betfair or less. That means, my selections can be laid, at 9 to 1 or less. (If you are not familiar with Betfair odds, they add an additional 1.0 to each odds quoted, which represents the amount of your wager)

My raw strike rate is about 83%, plus or minus 2% percent. Here is an easy example. If we lay 100 races, we will win 8,300 with my consistent 83% strike rate. Looking at the last 20,000 selections, my average losing lay price on Betfair was 5.31. I expect to lose 17% of the time. Calculating my losses on 100 races, I can expect to lose 7,327. (That’s 4.31 Odds X 17 Losers = 7,327). So the profit over 100 selections is 973 or 9.73% percent.

The secret is to turn you bankroll over as many times as possible each month. Using my raw selections, I average 650 to 700 raw data plays per month. Which means you can turn your bank over six to seven times every thirty days and turn that 973 into a lot more. Those numbers are not bad considering the Bank of England is only offering 1.7% a year, when you deduct for 3% inflation.

THE SECRET TO DOUBLING YOUR PROFITS

The next secret is to double stake low odd selections. As I have stated before, because the market is made up of a pool of opinions, the lower the odds, the greater chance a horse has of winning. Our selections going off at 3 to 1 or less, (4.0 Betfair) we still show a strike rate of 77%. Not as good as our normal 84%, but you are risking a significantly smaller portion of your bankroll on each bet. Double staking short priced selections increases your bottom line. If you lose 100 on a selection that is 6.0, your loss will be 500. When you lose 200 on a selection that is 3.5 your loss is also 500. But we have big bonus here. When you win at 3.5 Betfair, and you will win 77% of the time, you collect twice your normal stake or 200.

This is not an overnight “get rich scheme.” It is a solid, stair step progression, where your bankroll grows at a very steady pace. Make every wager unit the same amount, with the exception of the double stake unit with post time odds of 4.0 Betfair or less. Start small, and be comfortable with your staking unit.

You should have 40 to 80 units in your bankroll before starting. If you want to win 10 per race, you will need to set aside 400 to 800. If you start at the 100 level, conversely you will need 4,000 to 8,000. Do not increase your units, until you have won at least half the amount of your starting bankroll. When a raise in stakes is appropriate you should only increase your wagers by 10% to 20%. Move slowly and do not become a hog. Remember, “Pigs get Fat, but Hogs get slaughtered”.

You may be able to improve on my Raw Ratings and increase the strike rate with a system of your own. By either increasing the strike rate thus eliminating losers, you will fatten your bottom line.

TIME TO APPLY SOME FILTERS

I literally have thousands of little filters in my database, that I can apply to hopeful improve my Raw Numbers. A filter example is: “Eliminate any runner who has won more than 90% of his races.” Or, “Eliminate all runners who finished second in their last race”. There are literally thousands of Filters you can dream up to improve the Raw Ratings.

Some are completely useless, while others can seriously improve your results. Before applying filters, you need to have enough data, to prove your conclusion. I have found by applying 5 filters, I can increase my strike rate about 3% to 4%. This may not sound like much, but it makes a huge difference. At the end of an average month, I will win almost exactly the same amount in dollars or pounds, as with the Raw Numbers. But I will only have about one-third as many selections; however my Return on Investment will triple,

Average Monthly return with a 100 Stake using Raw Numbers             

Strike Rate 83.9% – Selections 524 – Average Profit 7,633 -13.7% Return

Average Monthly return with a £100 Stake using Filtered Raw Numbers 

Strike Rate 87.9% – Selections 160 – Average Profit 6,400 – 38.2% Return

As you can see, by improving your strike rate a few points, and eliminating unnecessary selections, you could in fact triple your minimum stake. Again, you must be very careful whenever you filter broad base winning raw numbers. Having a strike rate of 83.9% over 1,000 races is much more impressive than a strike rate of 87.9% over 100 races.

I have fallen into the over filtering trap myself. At one time, I was applying over 30 different filters. Short term success was fantastic, but the numbers will catch up with you if your not careful. Take your time, do your research, and trust the numbers.

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Source by Steve Arthur

Categories: Sports Betting

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Winning Bets in Greyhound Racing

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Win Bets

In the modern world of greyhound racing players have been forced to play exotic wagers to get a reasonable return on their larger investments. When you compare the $100,000 plus win pools of thoroughbred racing to the anemic greyhound racing pools of less than $1,000 and the reason becomes clear. To extract any value at all in the sport of greyhound racing you must play exotic pools.

I play the horses and the puppies. I play both sports in completely different ways. What works in horse racing will not work in greyhound racing. It requires two completely different skill sets. When asked which I prefer my answer is always horse racing. It only makes sense if you think about it. When playing the horses I am simply looking for likely winners and then seeing if playing that horse to win will be profitable for me. In greyhound racing I have to find a winner then evaluate 7 other contenders to run with my key winner. I also have to analyze how many combinations I can play to give myself a shot at winning while keeping those combinations small enough that my wager will be profitable. I have always loved a good challenge, but given the option I’d just as soon play a greyhound to win. With the prospect of improved win pools to play in, hopefully in the near future, I decided to visit this possibility and discuss the things involved to be profitable with this form of play.

Handicapping

The first step is handicapping obviously. In my opinion I would only be doing you a disservice by trying to summarize how to handicap greyhounds in this short article. That is why I created an online greyhound university to teach. It takes training, time and effort to become good at handicapping. It certainly isn’t something I can teach in this short article. But I can give you a few pointers and how to apply them to playing win pools.

Speed, Class, Early Speed and Form are the primary fundamentals of greyhound handicapping. Those are the basics. Past that it is opportunity. That would be the set up of the race you are analyzing. None of those factors mean much if a greyhound is in a race that presents conditions that will give it a long shot of winning. There is much information online that you can Google and read for free on the topic of Speed, Class, Early Speed and Form. Using that information you you will develop your handicapping method.

Once you have a method you need to determine how accurate it is. In today’s world of online data it is much easier than every to gather results and see how your picks perform. You need to play on paper and compile results and statistics to know how good you are at picking winners. Most handicappers find that they perform better in some races than others. Some players specialize in Maiden races, or route races etc. Know what your strengths are and what your average win percentage is.

Value Betting

Once you have a handicapping method your role as a player becomes simple. You want to bet your selections in a profitable way. Below is a fictional example of how this might be accomplished

Let’s say you have determined that you can pick the winner in Maiden sprint races about 40% of the time. You also know your 2nd pick comes in to win about 25% of the time. You could even go further if you have the records to support it and say your 3rd pick wins 15% of the time. To play Maiden races for profits you simply need to make wagers that will yield a profit long term. Remember it’s never about whether you win or lose a specific race. It’s about playing a volume of races and making more from cashed tickets than you originally wagered. This is why record keeping is so important.

In the above example will assume your top 3 picks are 1, 2 and 8. One paper with their win percentages it would look like this

1 – 40%

2 – 25%

8 – 15%

What does that mean translated into odds? You will need to know this to make good decisions.

40% winners means true odds of the dog winning are 1 in 2.5 or 1.5/1 against. 1.5/1 in tote board odds is expressed as 3/2.

If you don’t have a good understanding of odds vs win % here is a chart to help you.

Win Odds – Win%

1/10 – 90.91

1/5 – 83.33

2/5 – 71.42

1/2 – 66.67

3/5 – 62.50

4/5 – 55.56

1/1 – 50.00

6/5 – 45.45

7/5 – 41.67

3/2 – 40.00

8/5 – 38.46

9/5 – 35.71

2/1 – 33.33

5/2 – 28.57

3/1 – 25.00

7/2 – 22.22

4/1 – 20.00

9/2 – 18.19

5/1 – 16.67

6/1 – 14.29

7/1 – 12.50

8/1 – 11.11

9/1 – 10.00

10/1 – 9.09

11/1 – 8.33

12/1 – 7.69

15/1 – 6.25

20/1 – 4.76

25/1 – 3.85

30/1 – 3.23

50/1 – 1.96

99/1 – 1.00

Don’t let the math and decimals and percentages scare you. With a little time you will become very familiar with it. I like using easy example to get people started. Once you grasp the easy ones it helps you understand them all. We all are usually more comfortable of tens. It’s the foundation the dollar is founded on and we are generally more comfortable with it.

If a dog has a 10% chance of winning, then he has a 1 in 10 chance. If you divide 100 by 10 you get 10. So there are 10 blocks and our dog has ONE of them. So 10% is a 1 in 10 chance of winning.

Now odds are represented as ODDS AGAINST. So if a dog has a 1 in 10 chance of winning, the odds AGAINST him are 9 to 1. This is commonly represented as 9/1 or the odds you usually see on a tote board.

To be profitable, if you know a dogs odds of winning all you have to do is get the win pool to pay you MORE than those odds! It’s pretty simple really.

So back to our example

1 – 40% 3/2 odds

2 – 25% 3/1 odds

8 – 15% 6/1 odds

So we would handicap the race and be ready to play well ahead of post time. It’s as simple as comparing the odds the crowd is giving you compared to the greyhounds odds of winning.

Lets say with 1 minute left to wager the 1 dog is at 1/5 odds on the tote board. The win pool is giving you way less than the actual odds of this dog winning. You need to get MORE to show a profit at the end of the week, month and year. Remember the odds table is fair odds. You need to get MORE than that as a return.

Your 2 dog has a 25% chance to win from your records. That is 3/1 odds. Looking at the tote board you see the 2 dog is at 6/1. That’s a double overlay! The crowd is willing to pay you twice the actual odds of this greyhound wining. So the best play in this race is to bet the 2 to win, even though there is a 40% chance the 1 will actually win the race.

This means 75% of the time you will actually LOSE the race. But remember… winning or losing one race is not the issue. Making money is the issue. Let’s look at the 2 dog we bet above hypothetically.

By your own research this dog should win about 25% of the time. This means he will LOSE 75% of the time. But let’s look at a series of 12 races. This means that 12 times this month we bet a 3/1 dog at 6/1 odds.

Bet $2 12 times for a total of $24 in wagers.

Dog wins 3 times (25%) at 6/1 odds

You collect $14 each time. 3 X 14 = $42

$42 collected

-$24 wagered

—————–

$18 profits

And that is how you lose 75% of the time and still make money

CONCLUSION

Betting to win is part art and part math. But it is far less complicated than constructing a complicated exotic wager. If you can hone your skills on the ‘art’ part of the process, the math part does the work on it’s own.

Now get to work on playing to win in the WIN pools at the greyhound track!

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Source by Brett T. Mason

Categories: Sports Betting

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Betting Advice – Horse Racing System Stats – Odds on Horses

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Horse racing systems are frequently based on research and statistics. Without them, building a horse racing system would be a lot more complicated. I use a lot of programs and Internet resources for my own research, but this can be very expensive and run into hundreds each month. So in order to present you a bit of a helping hand I have listed a number of helpful statistics beneath:

+Odds On Horses+

The vast majority of people seem to think odds on horses are unbeatable or bad value. Neither is true, they get beaten pretty often, and as for value if you get a Pattern winning horse running in a Seller at 1/5, that is potentially decent value.

A quick statistic now:

58% of odds on horses win their races on the flat.

54% win on the AW (All Weather). That 4% difference makes quite a difference, so pay closer attention to short-priced racehorses on this surface.

Splitting all flat races into race type with the percentage of winning odds on runners:
4+ & all age H/c’s – 48%
Specific age H/c’s – 53%
Claimers – 56%
2yo Sellers – 56%
3yo Seller – 60%
Other Sellers – 56%
3yo & all age Maidens – 59%
2yo Maidens – 61%
2yo condition races – 62%
3yo & all age condition races – 57%

All the above based on statistics over 5 years.

This will confidently give you a little help in pointing out prospective odds on winners.

———————

+5f Sprint Favourites +

In reply to a query I was sent with regard to how many odds on favourites win 5f sprints:

Over the last 16 years,

Handicap – 23% – 924/3960 – #376.62 Loss
Claimer/Auction – 35% – 420/1208 – #89.98 Loss
Non-Handicap – 35% – 779/220 – #233.10 Loss
Group or Maiden – 38% – 878/2310 – #175.09 Loss

Sprints are not really good for odds on runners, you ought to be looking at them in 1 mile and upwards races. Also using the betting exchanges will provide better prices on some, but in a number of cases once you deduct the commission you can have a lower price than the bookies offer.

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+Winners last time out – Flat+

Just some quick basic stats for the flat from 10 years of statistics:

Last time out winners win 17.45% next time out

Horses that won there last 2 races win 21.52% next time out

Winners of there last 3 win 24.81%

Last 4 win 26.25%

Last 5 win 29.17%

Last 6 win 38.24

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+Winners last time out – National Hunt+

Source – 10 years all NH races run under rules. Chances of horse winning next time out:

Last time out winner – 23.61%
Won last 2 – 29%
Won last 3 – 33.89%
Won last 4 – 37.65%
Won last 5 – 39.64%
Won last 6 – 38.53%

Compared to the flat, sequence winners over jumps have a much bigger probability of winning again.

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+Nursery Top Weights+

A Nursery is a Handicap race for 2 year old’s.

I read a comment in the RFO (Racing and Football Outlook newspaper) from one of their ‘tipsters’, that ‘top weight’s in Nurseries are always worth a second look.

Now me being what I am, I wanted to test this wonderful theory, as this is how we learn, so I ran it through my software.

As normal with this type of media information it is shot down in flames.

Over the last 16 years:

Qualifiers: 2459
Winners: 359
Strike-rate: 14.56%
Loss: -#461
Average loss per year: -#28

Only 1996 showed a profit of #36, clearly a coincidence.

Not very good is it? Obviously it’s the media giving the typical punter the normal worthless myths.

Remember, when you hear media remarks such as ‘horses for courses’, ‘always back the outsider of 3’, etc, the opposite is regularly true.

These stats ought to help you develop your method betting, and go towards building a horse racing system.

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Source by Keith Driscoll

Categories: Sports Betting

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Horse Racing Betting Profits and Systems Based On Tote Board Odds

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It’s very difficult to make a profit betting on horse races because the market is self regulating. In other words, it adjusts to the conditions. The bettors set the odds in a pari-mutuel system and the public is very good at determining the chances of a horse winning a race. The reason you can’t make money betting on their top choice is simple.

The track has to take money out of the pari-mutuel pool in order to pay itself and the state. In a perfect world, the bettor who is as good as the rest of the crowd at picking winners will still come up short to the tune of whatever the takeout may be. So if the track is taking 17% from the win pool the bettor will lose 17% plus whatever the breakage may be.

In spite of this daunting setup some people still try to make a profit by using the odds on the board. To use those odds the would-be tote board analyst must have something to compare to and to determine that there is an irregularity or inconsistency. For instance, if he knows that the chances of Horse A winning are one out of three, and yet the horse is at 4-1, he has a winning bet.

Other than handicapping, however, what can he base that opinion on? The reason people turn to tote board betting systems is to avoid handicapping. Some people consider it a wise guy’s way of betting on horses. That may or may not be true, but one thing is certain, if you bet on horses that are at the right odds you’ll make a profit. The tote board player needs to know the probability of winning. The thing that usually determines that probability, or at least an indicator, is the odds, themselves.

If the odds will stay the same after the race starts and the betting pools are shut down you can use those odds to find a bargain in the show pool or win pool. Dr. Z and his tote board system proved that many years ago. The problem, however, is that those odds rarely stay fixed and there are other last minute bettors looking to exploit inconsistencies in the pools. While you’re making your place or show bet other tote board players are doing the same.

Other than finding those inconsistencies from one pool to the other I’d say the tote board is only useful as a tool is you use a good handicapping system to find a horse that is under-valued by the crowd.

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Source by Bill Peterson

A Horse Racing System That Produces 50% Winners

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This article is written for people who do not know much about horse racing but from time to time want to enjoy the heart-pounding excitement of the Sport of Kings.

First understand, betting horses is a gamble. There is no short-cut secret to winning millions in a week. Although a lot of people would like to believe that.

If you want to go to the race track, to enjoy the atmosphere, the majesty and beauty of the amazing thoroughbreds, and the most exciting 2-minutes in all sports, read on.

Without betting there would be no horse racing, and that’s what really makes the races exciting – you have a stake in it.

Imagine going to a baseball game or basketball game without rooting for one side or the other? How dreadfully boring! This is the psychological aspect of sports that hooks people. Or for that fact, anything in life. In politics you take a side and invest yourself in it (not always with money, but with allegiance). There’s music you like and invest time in listening to it and learning the lyrics or musical patters. It’s all the same.

So if you go to the racetrack, I’m going to show you how to invest “yourself” – aka your money, have a great time and come out either even or ahead a few shekels. But the best part is that you don’t need to know anything about the sport – here’s how:

1.) Look at the Morning Line of all the horses in a race: This can be found in the race track program or the betting form. The morning line is an estimate of each horse’s odds of winning the race. The lower the morning line odds, the better the chance a horse is appraised chance of winning the race.

The odds usually run from 2-1 up to 50-1. That means a 2-1 horse has a probability of 50% chance of winning the race; where the 50-1 horse as a very small 2% chance of winning the race.

2.)  Look for the two lowest morning line odds horses: This is self-explanatory. It would be the two horses in the race with the highest probability of winning the race. This would usually be horses at 2-1, 5/2, or 3-1 morning line odds. Or put another way; choose the 2 horses with the highest probability, according to the morning line, of winning the race.

3.) Wait until 5 minutes to posttime and of the 2 horses, bet the horse that is now LOWER ODDS than his morning line: The morning line odds are simply an estimate of the horses’ chances, but the real odds are created by the betting public. For example you chose two horses, say the #5 horse with morning line odds of 5-2 (that’s 2.50 to 1 odds) and the #8 horses with 3-1 morning line odds.

Now with 5 minutes to post, you notice the #5 horse is 3-1 and the #8 horse is 9/5 odds (that’s 9 divided by 5 or 1.80 – 1 odds). What this is telling you is that the betting public (which includes the horse’s owners, trainer and some smart players) think the #8 is a better play than the #5.

You know very little about handicapping and want to follow the “smart money”, so you go to the betting window and bet $10 to WIN on the #8 horse. Ticket in hand, you go out and watch the race live. 

10 horses battle for the win. It’s a tight race and the #5, #8 and #2 are pulling away from the rest and vying for the win. You scream and root for the #8 horse. The jockey is urging the horse to give all he has and he responds and pulls away an easy winner!

You just experienced the thrill of horse racing and collect $1.80 profit for every dollar you wagered, that means you got back $28. A nice $18 profit – or 180% return on investment!

Will you get rich using this horse racing system? Not really. But you will win about 40-50% of the time, keep any losses to a minimum, give yourself a great chance to come out ahead, and most of all have FUN AT THE RACES!

Good luck to you!

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Source by Denny Nash

Categories: Sports Betting

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Betting On Horse Racing – Know Your Bankroll Limits

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If you're a gambler, you've probably bet at a sports book at one time or another. And you've probably wagered on any number of sports; baseball, football, soccer, etc. The problem I've found with sports wagering in general is that you don't get very good odds. In fact, you get less than even money return when you win. That requires a win rate in excess of 60% in order to be profitable. Not many people can be that accurate when it comes to picking winners. Horse racing is the friendly alternative to sports wagering because of one simple fact: you get odds. But in order to beat the track in the long run, you must learn how to handle your bankroll.

What is a bankroll? It's the amount of money a gambler has set aside to invest in sports wagering. This should be a set amount of money such as $ 1,000 or $ 500 or $ 5,000. You should not deposit more money on a weekly or monthly basis. If you continually deposit money to your wagering account, it will prevent you from realizing whether or not you have the skill to become a professional gambler. When you open an account with an online bookie, or you open an online wagering account for horse racing, start with an established amount and then let the balance decrease or increase on its own.

How much should you wager? The general rule of horse race wagering is to never bet more than 2% of your bankroll. Thus, if you have a $ 1,000 wagering capital, you should never wager more than $ 20. If you really want to play conservative, you should stick with 1% wagers, which would amount to $ 10 wagers based on a $ 1,000. And – this is important – your wagers should be Win bets. The Win bet is the standard wager for professional players.

Should you adjust your wagers over time? The simple answer to this question is yes. If your bankroll dips down to $ 500, then you should adjust your wagering amount accordingly. In fact, I believe you should adjust your bankroll at 25% increments. Example: If you start with $ 1,000 and it drops to $ 750, you should adjust your wagering limit to the $ 750 bankroll. And if it increases to $ 1,250 you should adjust your minimum wager to 2% or 1% of $ 1,250.

Money management, or 'bankroll management', is the key to success in horse racing. After all if you can't make a wager because you no longer have a bankroll, then you're out of the game altogether. You muse learn to manage your money if you wish to succeed at horse racing!

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Source by Christian Blake

Categories: Sports Betting

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Betting Horse Racing

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So you don’t live anywhere near a racetrack. No problem! Today, betting horse racing online at tracks around the world has never been easier. The sites we’ll talk about are well-established, legal, secure, and can provide much of the same experience you would get if you were at the track…without leaving home!

The basics of betting horse racing online are fairly straightforward. Typically, you register with one of these sites, make a deposit, and your winnings and losses are credited or debited from your account. Some betting horse racing online sites require the payment of a monthly subscription fee that is often waived if your betting exceeds a certain amount per month. Since you are betting horse racing online live, all the race conditions, types of bets, and so forth are exactly the same, although some sites do not pool their bets with the pari-mutuel pool. You can watch the odds being updated as they are on the track, with minimal delay. With some sites, your bet is added to the overall betting pool, along with all other wagers from around the online world and those made live at the track. Some of these sites even allow you to wager and check results via cell phone text messaging.

Betting horse racing online has three drawbacks. First, watching live races on a tiny window on your computer leaves much to be desired. While you watch and listen to the same feed that is being broadcast on the monitors at the track and OTB parlors, it can be difficult to see. If you are a serious handicapper, one option is to install a satellite television system in your home. Dish Network broadcasts TVG and Horse Racing TV. These channels are not available on most cable systems, and free equipment deals may be available for first time subscribers. Monthly rates for the Dish Network are $40-$50 per month.

The second drawback is that with anything else on the Internet, you are at the mercy of your hardware and software. Some betting horse racing online sites, for example, work with Internet Explorer, but not Firefox or Netscape browsers. A slow computer, or one which has frequent problems, may not be the best system for accessing these sites, especially if you are interested in watching the races live on your computer.

Lastly, some people find that betting horse racing online can be an overall unsatisfying experience. Being part of the action as it occurs on the track is exciting! Wagering online is close, but not quite the same. For some people, the inability to handle the cash makes for a lesser experience than that at the track. Plus, some handicappers also enjoy watching the horses live, especially when the horses are in the paddock area receiving their saddles and making their way to the track. Regardless, if the convenience of betting online, and the ability to bet at multiple tracks around the clock sounds appealing, then betting horse racing online may be for you!

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Source by Michael Hulligan

Categories: Sports Betting

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10 Books for Success With Horse Racing

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Horse Racing can be difficult to get started in for the novice learning about form, track conditions and which jockey is doing well at the moment. For those of you looking to get a leg up here is list of ten of the best books to help you improve your knowledge of horse racing. This list is totally subjective and opinion of the best books will differ. I invite you to post any other books that you might feel are beneficial to the other members.

1. Handicapping 101: A Horse Racing Primer, Brad Free (2007)

Winning at the races doesn’t mean you need an advanced IQ, but only that you have a basic knowledge of racing mechanics–this book teaches you that. Free’s basics of handicapping are easy for a beginner to understand as well as being a refresher for the veteran horseplayer. This book explains how a horse’s individual characteristics such as health, habits, and degree of ability all come into effect when deciding whether or not to bet on that horse. A horseplayer who learns how to recognize and use the characteristics of the horse can then realizethat winning bets are in his or her future. This primer gives practical ways to pick winners and avoid losers.

2. Betting On Horse Racing, Richard Eng (2005)

Want to be able to go to the racetrack with a group of friends and feel like you know what you’re doing? Want to be able to place smarter bets that increase your chance of going home with dollars in your pocket? Reading this book answers those questions for you. With more than 20 years’ experience in the horse racing industry, Eng focused this book on learning how to bet and how to increase your odds of winning. He doesn’t specifically go too in-depth into handicapping skills. This book teaches you how to read the race forms, which serious bettors use to increase their odds of winning. There is an excellent glossary at the end where the author explains all industry terminology so that you can understand every word he uses to describe the horse racing experience.

3. The Complete Handicapper, James Quinn (2013)

This book can help the beginning horseplayer as well as the experienced handicapper. It has been said that it is required reading for anyone who is serious about placing more winning than losing bets. James Quinn has over 40 years of experience in the horse racing industry and has set out the most important basic handicapping skills he’s learned through those years as well as the new ideas he’s learned in this 21st centuryof thoroughbred racing, all in this one book.

4. How To Turn Any Racetrack Into Your Own Money Machine (And Be Just One of the 2% That Do), Greg Boomer Wry (2005)

The world of horse-race handicapping can be very exciting, and this book helps to open it up to you. It is designed to teach you all there is to know about handicapping horse races, from learning solid betting strategies, to successfully managing your money so you have better chances to succeed. Through it, you will learn skills to last a lifetime. This inclusive book uses very understandable terms which are defined and explained, at times by giving examples. You will learn how to analyze a race by reading and understanding The Daily Racing Form and grading each horse to determine whether or not to bet on the race.

5. Bet With The Best: Expert Strategies From America’s Leading Handicappers, DFR Press (2001)

At the time it was published, it was the most comprehensive book on handicapping thoroughbred horse races to be published in over a decade.With nine different chapters written by nine different authors on nine different topics of the horse racing world, this book will appeal to beginners as well as expert handicappers. Example chapters are Beyer on Simulcasting, Quinn on Class, and Brohamar on Pace. If you don’t want to purchase 9 separate books on these 9 separate topics, then this book will be a good place to start to begin learning about each of them.

6. Betting Thoroughbreds for the 21st Century: A Professional Guide For the Horseplayers, Steven Davidowitz (2009)

This book is the revised and updated third edition to the author’s classic “Betting Thoroughbreds”, first published over three decades ago. The book is so popular and has such dedicated followers among both new racing fans and veteran players, that it has been the horse racing industry standard for handicapping for decades.This newly revised edition explains recent industry changes, such as synthetic surfaces, ‘super trainers’, wagering syndicates, computer software programs, and more. Have you ever looked at the past performance of a horse and wondered what it was doing in the race today? This book will answer that question as well as countless others. Diverse topics such as track bias to trainer intent are among those covered. This industry-standard handicapping book will become a favorite read for beginning horseplayers as well as a welcome refresher for experienced horseplayers.

7.The Best of Thoroughbred Handicapping: Advice on Handicapping, James Quinn (1987).

Quinn’s book contains 48 essays by some of the most knowledgeable thoroughbred handicappers, including Tom Ainslie, Andrew Beyer, William Quirin, and himself. Individual essays explainthat author’s system and give examples of how each works. Some of the systems are too complex to condense into one chapter, and the essays difficult to follow. But generally, the essays stimulate the horseplayer’s appetite to read the original books which are listed in an annotated bibliography. Topics ranging from betting strategy to pace handicapping to visual analysis of the horses in the paddock make this encompassing collection of writings useful to every type of handicapper. If you are looking for a well-rounded book on handicapping methodologies, this may be the one.

8. Exotic Betting: How To Make The Multihorse, Multirace Bets And Win Racing’s Bigger Payoffs, Steve Crist (2006)

“Handicapping a race is only half the battle, betting is the other”. Crist’s strategy teaches the horseplayer to make the most money by betting on numerous exotic bets, including the daily double, exacta, trifecta, quinella, superfecta, pick 3, 4, and 6. Crist says this book is not about picking winners at the trackbut teaches that how to bet is as important as who you like–especially in the 21st-century world of horse racing where new ways to bet such as the superfecta and pick four have surpassed the routine win, place, and show betting of days’ past. Both serious and casual horseplayers will benefit from understanding the strategies and mechanics of making these exotic bets.

9. Modern Pace Handicapping, Tom Brohamer (2000).

“Pace makes the race” is one of the oldest sayings you will hear at a racetrack, and this book is the go-to book on pace handicapping. For beginners, reading about running style will give insight into how the race will be run and which horses will benefit from the likely pace scenario. For experts, the Sartin Methodologychapter sets out a new method of analyzing the pace of a race. The author used the Sartin Methodologyto develop his own technique for handicapping horse races. He looked at running styles, turn times, track variants, energy distribution, and par times in predicting race strategy and outcome. Daily Racing Form charts are placed throughout the book.

10. Ainslie’s Complete Guide to Thoroughbred Racing, Tom Ainslie (1988)

This third edition is referred to as the “most complete, comprehensive and reliable guide to handicapping and understanding thoroughbred racing”. Even though some of its ideas may sound outdated by today’s racing standards, countless generations of people cut their teeth on the basic handicapping skills Ainslie teaches–skills necessary to help you become ‘expert handicappers’ and to be able to consistently pick winners at the track. Some of the basics the author covers are class, distance, form, speed, track conditions, jockeys and trainers, and breeding.

After taking the time to read this article about these amazing books on learning to bet and building your handicapping skills, remember to subscribe for FREE horse betting tips service that http://bettingforwinners.com offer along with our free horse racing tips.

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Source by Alan Smith

Categories: Sports Betting

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How to Consistently Win Money at Horse Racing and Sports Betting Using This Inside Secret Strategy

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It is actually quite easy to consistently win money betting on horse racing as well as betting on sports or in general sports betting. However, you must avoid making this one huge mistake that we see people repeat time after time.

The very first thing you must decide to do if you want to make money consistently betting on sports is this. You must decide if you are going to be betting on horse racing and different sports every now and then – or – are you going to make it something that will earn you the kind of income and lifestyle that some people have been able to make into a full-time career? Many people betting full time easily make 100k plus a year. Some players even go on to make millions. Case in point, Billy Walters who has actually made billions.

One big mistake for most people when it comes to making excellent money from betting is that they only bet on an event every now and then… and many people also make the mistake of only betting at certain times. This is one of the surest ways to lose money versus winning your bets by being consistent.

Inside Secret Strategy – The first inside secret I teach all of my horse racing and sports betting students to follow is to be consistent.

Here’s a great example of what I mean. Let’s say you are going to be wagering on horse racing. You select a track that has horse races running during the day like Parx Racing. Next, you do your handicapping for each race that day or you simply buy your picks.

Next, you will want to plan on betting a certain amount of money on one horse in each race until you win. This means that if you start betting on the very first horse race on Monday at Parx Racing and you bet all 9 or 10 races and have not hit a winner yet, you will simply want to continue on the next day, again starting with the first race until you win.

You see most people start betting with the wrong strategy in mind in the first place. They start betting without a plan to follow. Your plan must include what to do when you are losing as well as what to do when you are winning. The easiest way to lose is to start betting on horse racing or any sports betting without a plan. On the other hand, the easiest way to win is to start betting on horse racing or any other sports betting with a well laid-out plan.

Included in your plan should be: Follow through with consistency. Only betting once in a while is a sure way to lose – also – betting sporadic amounts is not the way to consistently win. You cannot bet five dollars one time, 100 dollars the next time and then 10 dollars the next time and expect to win consistently.

Knowing what increments to bet and when to place your bets will help you win on a more consistent basis just like the pros do. There is actually software you can use that figures out precisely what amounts to bet and when to bet that amount which will keep you in a consistent running profit – no matter when the event you are wagering on comes in.

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Source by Frank A Trueblood