💰 Betting on Horse Racing For Dummies Cheat Sheet - dummies

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But like those lottery games, the odds are stacked against the horseplayer for jackpot wagers. Get to Know All 13 U. The allure of a six-figure jackpot is tempting. Northern Dancer: The Patriarch Stallion. Takeout the amount of money that goes to the track that is not returned to bettors for win, place, and show bets is less than most exotic bets. Otherwise, I will never invest a dollar in a jackpot wager. Click image to purchase shirt. Your top plays should offer value — in other words, a horse you think has a much better chance to win than his morning-line odds when planning, or live odds when betting, indicate. Sign-up now!{/INSERTKEYS}{/PARAGRAPH} Take a Pick 3, for example, that wraps around one of your top plays. Penelope P. Inside the Numbers: Santa Anita Derby. But, if you connect a few decent prices around or underneath an top play, you could be looking at a huge score. This is the hardest part for me because, like most gamblers, I like the action of having a few bucks on the races I watch. Related Stories. Now, if there is a mandatory payout at the end of a meet or at the end of a big weekend, count me in. Follow Us on Social Media. The win bet should be the key bet, especially for newcomers. {PARAGRAPH}{INSERTKEYS}Such is the nature of gambling against your peers in pari-mutuel wagering. Triple Crown Winners Share. If you love two or three horses, build a strategy around those two or three horses or simply bet most of your bankroll on those horses to win. Plus, there is the astronomical takeout when you consider the money rolling over. Related News. Stay up-to-date with the best from America's Best Racing! There is value to finding horses that seem to be almost slam dunks to win, but that value might be skipping the race entirely or identifying longshots to fill in underneath for exactas, trifectas, or superfectas and around for multi-race wagers like the Pick 4. This probably doesn't qualify as a lesson learned, since I've never been a jackpot player, but it's a point worth making here. The biggest opportunities often come when you identify a heavy favorite as vulnerable, or find several favorites that you have zero interest in betting. If two-thirds of that money is tied up in place and show bets, you might need all three to run well. It seems simple, but you need to put in the work in advance handicapping the card so you know going into the day which races you have the strongest opinion about. So, there is a chance you could hit a Pick 6 and still essentially share what amount to a consolation payout with the other winning tickets. If you make three substantial win bets on horses at a solid value, you only need one winner to make a nice profit. The allure of horse racing when comparing it with sports betting is the chance to win a bundle without risking that same bundle. Triple Crown Winners. Prepare It seems simple, but you need to put in the work in advance handicapping the card so you know going into the day which races you have the strongest opinion about.