Betting in a horse race requires a good system. One has to adopt a betting system for horse racing in order to win more money at horse wagering. The most common horse racing betting system involves several factors in determining which of the horses will most likely win. Every horse racing bettor who has played the game for quite a while will know that the horse that will likely win, based on the system one has adopted or formulated may not necessarily be the horse with the best value or may not be the favorite pick to win the race. When one’s choice of the winning horse does not correspond to the horse that is the favorite pick to win the race, the practice is referred to as picking longshot.
A horse betting system could focus on either trainer-jockey combination or other factors such as pace or speed while other bettors could focus on longshot bets. But while there is no guarantee that any horse racing betting system will give a bettor money every time, many people continue to place their bets on longshots because this is the way to make more money compared to placing one’s bet on the track/house favorite.
Horse racing bettors have learned through time that it is the best option to bet against a racetrack favorite. This may sound to be a very unconventional idea since statistics showed that horse racing favorites win about a third of the time but betting on a favorite horse gives the bettors less money compared when one bets on some longshots that will eventually win the race. A horse becomes a favorite in a particular race because the public has put more bets behind this particular horse in the racetrack, in the process ignoring the racing longshots. Having cornered a bigger chunk of the public’s bets, and being the favorite in the race, does not always translate into a huge payday for the bettors. If the favorite wins, the payout will be a considerably small; if the favorite loses, the huge bets will turn into huge disappointments for the bettors. This is the situation that is being avoided by the long shot handicappers. They figure that if a favorite horse gets too much bet from the public, then there is the great possibility that the racehorse is bet beyond its actual value and therefore, it is a good go-against horse and the situation calls for betting on the horse racing longshots.
Winning is not everything in horse racing. A bettor aims to win and make money at the same time. It is a known fact in horse racing that favorites are priced too low. Even if a bettor goes by the statistical third of the time winnings by favorites, he still will not make money by betting on the favorite horse. Going against horse racing favorites could turn out to be a good way of betting in horse racing. The favorites sometimes get more bets far more than they should get. A horse racing bettor must take time in analyzing the horse race and check for weak favorites and spots so he could go against those horses in long shots horse racing. This could be where a huge windfall will come from.
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