Did you know that you don’t have to place large bets in horse racing to win big money? Many new bettors think just the opposite and they place large bets in hopes of turning a profit. As a result, they end up losing big. You don’t have to follow in their footsteps just because you’re new to betting on horse racing. Instead, start off on the right track.
When you’re serious about making money betting on horse racing, you can place small bets and still win big money. The key is to make the bets you do place count. You need to learn how to bet smart and manage your money by learning about the strike rate, return rate and factors that affect the outcome of the race.
Understanding the Strike Rate and Return Rate of a Bet
The first step in making a profit off of horse racing is learning your strike rate and the return of a bet. In other words, you need to know how many times you win each time you bet and how often you lose on average. This will help you plan out your bets and decide how much money you want to put on each one.
The return rate of a bet is how much you make when you win. You’re not trying to make a huge amount here but you do need to make enough to cover all of the bets you made that day plus a profit. This is why you need to know how much each bet will pay off before you place it. If you won’t win enough to cover all of your bets, you’re not benefiting.
Factors to Consider Before Betting
There are several factors to consider when placing a bet. These will help you find the bets that have the best odds. First, look at the history of the horses to see how well they’ve been running lately. Check to see if any of the horses have been injured recently and also check to see when the horses raced last. Check the frequency of the races for each horse. They should run frequent enough to stay in shape but not so often that they become a high risk for exhaustion or injury.
The number of horses and the distance of the race will greatly affect the outcome. The horse must have the endurance needed to make it to the end of the race while keeping his speed up. If the horse is used to running a shorter track, the odds of him wining is low even if he has a winning record.
The track surface will make a big difference. Some horses run well on turf, others do better on dirt and some run better on tracks made from synthetic material. Weather conditions will also affect the way the horses run. When all of this information is compiled together, it will help you determine which horses have the best odds of winning. These are called the favorites.
Betting Favorites
If you want to win big with small bets in horse racing, you don’t want to bet on the favorites like everyone else does. They do have the lowest odds and a better chance to win but most bettors will be betting on them, which means that when they do win the payoff is usually small.
On the other hand, if you bet on a horse with longer odds but one that still has a chance of winning, the payoff will be bigger. The second or third favorites are great choices. It’s a little more risky than betting favorites but you can bet less and win more when you do.
