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8 Golden Rules for Betting on Horses

8 Golden Rules for Betting on Horses

People assume that betting on horses is based on luck, and that the only method to win money while doing it is to get inside information. By inside information, people generally refer to match fixes or some other knowledge that one or more of the horses is sick. This might have been true once, but in todays modern world where the gambling is institutionalized and checked daily, this sort of thing rarely (if ever) occurs.

So What Then? Should you gamble according to unexplainable hunches and simply hope for the best?

There is a better option. Base your bets on information that you collect about the different horses and then make a calculated guess. I have listed here the 8 Golden Rules you should look out for when judging how good a particular horse will fair in the race you are going to bet on.

1. Check out the weather, and then check how the horses in the race fared accordingly. Certain horses have a tendency to outlast others in the rain, while others charge unstoppable to the finish line on cloudy days. Why? I don't know, but what's important is that its true, and it has worked for me.

2. Do not think that older horses run slower than three-year old ones as the season comes to a close. This is just not true. What you have to check is how many races each horse did run. Sometimes horses compete in too many races and this slows them down, but this has nothing to do with age.

3. Surprisingly, though you might think that there is a direct ratio between the weight of the jockey and how fast the horse can run, but this is not true. Since most of the jockeys weigh approximately the same, its actually the relatively heavier ones who manage to win.

4. Similarly, heavier horses can run faster than lighter ones, but only up to a point. A colt weighs about a hundred pounds more than fillies and thus they are more likely to win long distance races.

5. Just because a horse has new blinkers does not mean that the horse will run faster. I know this sounds crazy, but a friend I met at the horse-track offered me this piece of advice, and I had to refute it to spare the heartache from any who do fall for it.

6. Check the pedigree of the horses. Remember to keep whatever information you find. You can even buy one of the books on certain horses at your local bookstores. After you have gathered all the relevant information keep in mind that a colt doesn't need as much of a pedigree as a filly to run very fast.

7. Don't rely too much on pedigree at the lower class races. This is the place where those horses with a weak pedigree tend to shine.

8. Female jockies are starting to make a name for themselves, so don't underestimate them when they race. Lately, they have been winning admirably.

Use the above 8 Golden Rules of Betting on Horses the next time you go to the track or enter an online sportsbook to place your bet so that your wager will have a better chance of winning.

Don’t Pass Betting

Don’t Pass Betting

Don’t pass betting in dice is one of the least used bets that can be made in a casino. There are several reasons for this lack of popularity of a don’t pass bet. The first and most obvious is it goes against the bulk of the crowd at the table as most bettors at a craps table are betting for the shooter to make points. Don’t players are also not very popular with the other players. Another reason is odds on don’t bets take more money than pass bet odds.

A dice game offers the best odds for a player if they are willing to bet properly. Proper betting means taking or putting up the odds on a shooter’s point. The house edge in a dice game is higher on the pass side than the don’t side. The edge is just over a tenth of a percent better on the don’t side. The house edge is 1.414 on the pass line and 1.402 on the don’t pass bet. This doesn’t look like much, but it is over time. In order to get this edge as low as possible the player must give or take the odds. That is the rub for the don’t player.

Let’s say the point is ten. The pass line bettor can take the odds and get paid 2 to 1 on their money if the ten repeats before the seven shows. The don’t bettor has to put up the payoff as odds and will only get half the money put up if the seven shows first. In the first case the bettor put up $10 to win $20 when the ten shows before the seven. In the don’t pass scenario the bettor had to put up the $20 to win $10 when the seven shows first. This odds differential of bet size is what stops many players from playing the don’t side. It is hard for many to put up 20 to win 10. If the table is running cold, then this is exactly what the bettor should be doing in order to get the best odds and lower the house edge on the game. All of the other point numbers are played the same way, except the don’t bet is smaller as the odds are less than two to one. The expert dice player wants to be on the right side of a table trend and the trend tells the player whether to take or give the odds.

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