Finding Your Own Horse Racing Best Bets by Profit Handicapping
In horse racing there may be handicapping after which there may be revenue handicapping. Revenue handicapping implies that you assign truthful odds to every horse based mostly in your calculations after which use these truthful odds to seek out worthwhile bets. It is not sufficient to only determine a horse is more than likely to win the race or second more than likely to win a race, you need to additionally determine what that’s price in dollars and cents, kilos, euros, sheckles, or wampum or no matter you’re utilizing to maintain rating of how you’re doing as a horse picker.
A great way to start out your seek for a finest wager is to make use of a great horse racing system to handicap the race and determine which horse, in your estimation, has the very best probability of profitable the race and place a 1 beside it. Subsequent, determine which horse is the second more than likely to win and place a 2 beside it and so forth, till you have got found out an affordable order for a way you assume every runner will fare.
Now return and take a look at the components that you simply thought made the primary horse the very best and evaluate every one in every of them to the subsequent finest horse. If the best online horse betting has a mean pace score of 100 and the subsequent finest horse has a pace score of 90, it does not imply that the very best horse is ten p.c higher and can win 10% extra instances than the second finest horse. You continue to have to think about all the opposite components.
After evaluating all of the components, add the chances in addition to you’ll be able to. If the highest horse has earned 20% more cash in its final 5 races add that to the combo as effectively. When you have got executed this for every horse, evaluating it to the subsequent finest horse, you need to have developed a hierarchy of percentages, as an illustration, horse 1 is 20% higher than horse 2 who’s 10% higher than horse Three, and many others.
how significantly better every horse is than its closest competitor, you need to then be capable to assign truthful odds. If the favourite is at 2-1 in your reckoning, then the subsequent finest horse could also be at Three-1 and so forth. These are truthful odds that replicate what you assume is a break even wager on every horse. For example, in case you wager the 1 horse each time it ran at 2-1, you assume that it could win about one out of three races and you’ll get a base return of $6 to cowl the three base win bets of $2 for every race.
Now apply these odds by watching the tote board earlier than the race and on the lookout for the very best worth. The most effective worth, based mostly on the ratio of tote board odds to your odds is your finest wager. In case you assigned 5-1 on a horse and it’s going off at 15-1 which means it should pay 3 times what you assume it’s price. In case you assigned 10-1 to a different horse and it is usually going off at 15-1 it means it should solely pay 50% revenue in comparison with what you assume it’s price. Clearly the previous is the very best wager as a result of when it wins it should pay 3 times what it’s price.
That’s how you employ revenue handicapping to make a revenue at horse racing.