If you’ve ever placed a wager on the fortunes of a horse, you’ll have most likely done so with the intention of winning some money. In this installment of the Betting a Horse series, we’ll examine three betting strategies that, when implemented correctly, will enable you to make large profits from betting on horse races.
Betting 3 to 1
One of the simplest and most effective methods for betting on a horse race is to place a wager on the exact opposite of what your instincts tell you is going to happen. We’ll call this approach “betting 3 to 1”. For example, if you’ve got a hunch that a particular horse is going to win, but that hunch is contradicted by the odds, you can profitably place a wager on the opposite. In the event of a tie, you lose your 20 bucks, but you’ll make back your 3 to 1 investment plus a little bit more. Keep in mind that tying on a horse bet is never a good idea, so if you’re inclined to do so, avoid it. Another important point to make is that, in general, you shouldn’t stray too far from even betting ratios. Sticking too close to 1.5 or 2 to 1 will reduce the risks of going against the odds. This is especially crucial for novice bettors who might not be aware of how much they should be risking.
Dividing the Bank
An alternative to backing your horse 1 to 1 is to put up a “divided bank”. This involves putting down a certain amount of money on a number of different horses – say, 5 dollars on horse #1, 10 dollars on horse #2, and so on. In the event of a win, you’ll make all the money back plus some. If any of the horses you bet on win, you’ll make more than you risked. If they all lose, you’ll lose what you risked plus some. The advantage of this strategy is that you don’t necessarily have to pick a winner. You can spread your wager money equally among the horses you choose, and if any of them turn out to be winners, you profit. You should only use this strategy if you’re feeling lucky and know what you’re doing. Otherwise, you’ll lose money in the long run. Remember that, if you go down in flames, you’ll lose everything you risked plus some. This is why novice bettors should stay away from this strategy and only resort to it if they’re feeling lucky and know how to control their risks.
The third and final technique we’ll discuss today is “using margin”. This involves borrowing money to fund your horse bets. The beauty of this strategy is that it doesn’t require much in the way of investment. You can simply make repeated wagers without owing any money. The disadvantage of this strategy is that you’ll need to make sure that you’re able to pay back your debt at any time. The worst-case scenario is that you might find yourself in trouble when the music stops and you can’t pay back your creditors. In that event, you could find yourself in serious financial difficulty. It’s best to be safe than sorry when taking this route, so make sure that you’re aware of the risks before resorting to this option.
As you might have guessed, there’s a lot more than meets the eye in betting a horse. Aside from the three strategies we discussed above, you should also beware of certain betting patterns that might put you in a compromising situation. For example, consider the case of “the longshot” – a term used to describe a longshot winner in a horse race. These kinds of winners are almost always a surprise to the lay person, and since they carry such high volatility, they’re often followed by sharp drops in the value of the horse. It’s important to remember that sharp drops in value aren’t necessarily bad; it all depends on what you’re planning to do with the horse. For example, if you’re planning on breeding it or selling it, you might want to avoid races that feature longshot winners. The reason behind this is that longshots are often a product of fluke accidents or unusually good harvests, which makes them highly unpredictable.
Another example of a situation that might put you in a compromising position is when a favored horse wins by a nose – a result that rarely occurs in most horse races. When this happens, people who backed the winner often find themselves in a bit of a pickle because they’ve lost their initial stake – sometimes even more than they risked. This is why it’s usually a bad idea to back a horse that you know is going to win; sometimes, it just doesn’t work out that way. In addition to being a betting snarl, a win by a nose can also lead to the disqualification of your horse, which might put you in a tight spot.
Horses are a popular subject for gamblers and enthusiasts because they give the person betting on them a realistic chance of winning. However, knowing when to bet and how to place wagers can be tricky. This is especially true when you’re new to the game. If you’re not sure about anything, ask your broker for help or read the online FAQs for common queries. Remember: if you’re betting for fun, you’re likely to lose a lot of money if you don’t know what you’re doing. If this is a course you seek to continue, then make sure to learn the rules and strategies associated with betting on horses so you can do so effectively and profitably.