Tag Archives: odds
What Percentage Of Races Does The Favorite Horse Win?
As a general rule, the favorite will win about 1/3 of the time, but what is amazing is how often the favorite will place, especially when less than half of the field is 5-1 or lower. In this case a favorite will place almost 100% of the time.
In order to win a horse race, you might want to predict the winner by using statistical calculations instead. In a race with 20 runners you have a 1 in 20 chance of picking the winner. However, let us say that the race has just six runners, then you have a 1 in 6 chance of winning. Thus, you can see that the fewer the runners there are, the better your chances of winning. Therefore, it is statistically speaking, a bad race to bet on. The key point: is stay away from horse races where there are lots of runners!
In a race with only six horses running, you have a 1 in 6 chance of picking a winner. However, bookmakers/tracks usually only offer poor odds if you bet place or show on such a horse. Of course, if you placed a win bet and the horse does win, then you will come away with lots of money. You really need odds of at least 4/1 to win anything if the horse that you bet on places second or third. Of course, this is providing that you placed a place or show bet. If the odds are less than 4/1, then I suggest passing such a horse race.
In my opinion, the secret of winning on the horses is to look at the statistics. I suggest that you choose horse races with nine runners and 1/4 odds on the first three, or six runners with 1/4 odds on the first two. Thus, I suggest that you limit yourself to horse races with either 6 or 9 horses running to have the best chance of winning.
Thus, the question asked is if you should bet on the horse most likely to win? Sometimes the answer to this is “no”. Often the odds on the horse most likely to win is poor. Remember, when you use this system, you are making your predictions on the odds. Thus, place your bet around 20 minutes to race time.
If the horses just below the favorite have better odds, such as 4/1, 5/1 or better; then place your bet on those horses. Remember, that your horse only has to come in the first three in a six or nine horse race for you to come away with a profit. And do not forget, the horse still has a chance of winning too. For this reason, I do not always place my money on the horse that is predicted to win. Look at the odds being offered and if they are better on the second or third horse, then go for it.
As one can see, it often is better to bet on a horse you think is going to place. The reason being that the odds are often better than the favorite winning the race.
Why does the horse predicted to place actually wins so many races? Maybe because the favorite usually only wins 1 in 3 races. In 2 out of 3 races some other horse wins.
The Aspects that Affect Horse Racing Bets Odds
People who gamble their cash in competitions like boxing matches or horse racing know that they can not bet their money indiscriminately. You see, gambling in events like these don’t purely depend on luck. You can’t trust your revenue to pure luck if you have other aspects to look at. 1 thing that those who bet on the track consistently do is consult the horse racing betting odds. These figures assist them decide where to place their funds on. They bet their income depending on the chances shown by the horse racing betting odds.
But what factors affect horse racing betting odds?
1) Reputation – the reputation of the horses and their jockeys certainly affects the horse racing betting odds. If you consider it which is the factor on which they base the horse racing betting odds before it could be affected by other elements.
The reputation of a horse and its rider sets the horse racing betting odds. This is due to the truth that the reputation supplies folks with the initial impulse to bet or not to bet. The reputation of a horse and its rider is earned via countless races. Thus, a reputable competitor gets beneficial odds of winning a race. The horse race betting odds are affected by the reputation primarily due to the fact that it’s, actually, an amalgamation of the outcomes of the horses prior races. Therefore, if the horse is really a virtual unknown, then it could be hard to set the horse race betting odds.
2) Condition – prior to the actual race, lots of “experts” study the condition of the competitors. This may assist figure out the actual horse race betting odds inside the day of the race. By “condition” we refer to the numerous characteristics of the horse and of the rider before the actual race. This includes the physical condition of the horse, which tells you about its possible performance within the race. It also includes the emotional condition or “fighting spirit” of the horse which will tell you how far a horse will go to achieve its possible.
Right now, the condition of the horse is so vital that many different experts make use of several equipment so that you can observe it appropriately. Some people today might see this as an extravagant expense, but individuals who are in on the company know that a good deal much more dollars depends on the condition of the horses.
3) House – it can be generally the case that the “house” or the track basically locations a bet on the horses. Due to this, the horse race betting odds become adjusted. A number of people today base their bets on the choice created by the track. This is often the case when a gambler wants to win a distinct quantity of cash. If, as an example, he or she bets on the “underdog” of the race, he or she could win a enormous amount of money.
Needless to say, many people just go with the house considering that the home is really able to observe the competitors much better. This way, they’ve a larger chance of winning although their winnings would be comparably smaller.
Whats significant about horse racing betting odds is the reality that those figures are info. Those figures help the undecided commit their money to one thing. With out the horse race betting odds, an individual would have no approach to determine which horse to bet on.