Posts Tagged ‘Odds’

What sources are available for thoroughbred horse racing performance statistics?

Monday, April 6th, 2009
CRK asked:


The statistics would include, but not be limited to past performance, pedigree, track name & track conditions, gate position, odds at post time, etc. There are many stats available, but they are in PDF format and must be purchased. I am looking for data in a table or tabular form and preferably free of charge. Tab delimited or comma separated formats are ideal. Any help would be greatly appreciated. Thanks!

Sylvia

Horse Racing Tips

Friday, October 3rd, 2008
horse racing
Sebastien Veilleux asked:


There are a lot of misconceptions when it comes to betting on the horses. Some people believe that it’s impossible to profit in horse racing. Some believe that all you need to do is bet the favorites. Still, others believe that the only way to make money is to bet the huge long shots and pray for a miracle. All of these thoughts are false. You can make money betting on horses, and you don’t need to pick favorites all the time or bet on miracle finishes often.

Here is a juicy piece of information for you. The favorite wins the race (thoroughbred racing) about 33% of the time. Therefore, if you simply bet the favorite, you will be losing 67% of the time. Since favorites don’t always pay too well, you would end up losing over the long run. Still, money can be made betting on favorites. Each race is different. In some races, the favorite might be an even money favorite. In others, the favorite might be a 3-1 favorite.

How you bet is just as important as how much you bet. A common bet is called across the board. When you make this wager, you are betting on the horse to win, place and show. If the horse comes in first, you win all three bets. The show bet is the most conservative wager in horse racing, and it pays like it. It’s common to be paid only 20 cents on the dollar for a show bet. Many inexperience bettors place a show bet “to be safe,” but it’s a money sink.

Unless the horse is going off at a good price (odds), making a show bet is a losing proposition. The best way to wager on a good horse is win and possibly place—never show. Think about it this way, if I told you I had a proposition that you might win 33% of the time, and it will pay 1-5, which means you bet $5 and win $1, would you jump on it? Of course you wouldn’t. This is kind of what it’s like to make a show bet on a good horse.

At the end of the day, how you wager can up accounting for half or more of your success potential. Bettors that don’t figure this out wonder why their bankroll is not larger after their “winning” day. Place your bets properly and you will be halfway home to being a successful horse racing bettor. Money can be and is, made in horse racing every single day. On busy days, there are more than one hundred betting opportunities to take advantage of. One last piece of advice. If a race is not favorable to you—odds wise—move along. There will be plenty more races to bet on.



Leon

Thoroughbred Horse Racing and Their Various Forms

Monday, July 7th, 2008
horse racing
James Murray asked:


The most popular form of horse racing in the whole world is Thoroughbred horse racing and got so popular that some horse racing fans do not know of any other form of horse racing. Thoroughbred horse racing is also known as the “sport of kings” by some horse racing fans. A thoroughbred horse owner would hire a trainer to condition and train his horse for only one form of horse race, because a good trainer will know that there are training regimens for every type of horse race. Sometimes an owner will opt to enter his horse in races that are similar to what the horse is being trained for.

Thoroughbred horse racing comes in a number of different forms.

a) Maiden races, this type of thoroughbred horse racing places untested horses against one another and it is the debut of all these race horses. Some horse racing fans like this type of thoroughbred horse racing to be more exciting because of the fact that all the horses involved have not raced before. The whole career of a race horse in their maiden race often determines their future success and shows the world just what a race horse is capable of doing.

In maiden races, thoroughbreds of varying ages participate. In this type of thoroughbred horse racing, in order to even the odds, horses carry similar weights and no handicapped penalties are involved.

b) Allowance racing, this type of thoroughbred horse racing involves horses that have already raced in their maiden race but are not ready for the grand stakes races. Usually, this type of thoroughbred horse racing involves racing for a purse that is higher then the purse involved in maiden races and owners use this type of race to train their horses.

c) Grand stakes racing, this type of thoroughbred horse racing is the most popular form with horse racing fans since it will involve a lot of money. Horse racing fans like this form of thoroughbred horse racing so they can wager money on their favorite race horse. The “grand stakes” in this race the reputation of the horse is on the line and also the amount of money involved. A grand stakes race winner usually becomes a celebrity among race horses.

In this type of thoroughbred horse racing, the dreams of countless horse racing fans are also at stake because wagering in this type of thoroughbred horse racing can cost a lot of money. Some horse racing fans like to put their hopes and dreams on only one horse and that is the reason why thoroughbred horse racing will remain supported by horse racing fans all over the world today.

d) Handicap race, this type of thoroughbred horse racing is the evenest of all horse races, theoretically. The reason is that all the horses racing in this event have been handicapped according to their past performances in other horse races. More horse racing fans wager at this type of thoroughbred horse racing and the reason is that all of the odds are even. Theoretically, any horse has a chance to be a winner in a handicap race.

Although thoroughbred horse racing gains popularity because of the money involved, there are horse racing fans who see it as a great test of spirit. There are horses which have the potential to be great and real winners. However, if that horse did not have the will to win, then the potential would forever be useless. Thoroughbred horse racing is not just a game, it is a reflection of life.



Diane