The Factors that Affect Horse Racing Betting Odds
People who gamble their money in competitions like boxing matches or horse racing know that they cannot bet their cash indiscriminately. You see, gambling in events like these do not purely depend on luck. You cannot trust your money to pure luck when you have other factors to consider. One thing that people who bet on the track always do is consult the horse racing betting odds. These figures help them decide where to place their money on. They bet their money depending on the chances shown by the horse racing betting odds.
But what factors affect horse racing betting odds?
1) Reputation – the reputation of the horses and their jockeys obviously affects the horse racing betting odds. When you think about it that is the factor on which they base the horse racing betting odds before it can be affected by other factors.
The reputation of a horse and its rider sets the horse racing betting odds. This is because of the fact that the reputation provides people with the initial impulse to bet or not to bet. The reputation of a horse and its rider is earned through countless races. Thus, a reputable competitor gets good odds of winning a race. The horse race betting odds are affected by the reputation mainly because of the fact that it is, in fact, an amalgamation of the results of the horse’s previous races. Thus, if the horse is a virtual unknown, then it would be hard to set the horse race betting odds.
2) Condition – before the actual race, many “experts” study the condition of the competitors. This will help determine the actual horse race betting odds in the day of the race. By “condition” we refer to the various characteristics of the horse and of the rider before the actual race. This includes the physical condition of the horse, which tells you about its potential performance in the race. It also includes the emotional condition or “fighting spirit” of the horse which will tell you how far a horse will go to achieve its potential.
Today, the condition of the horse is so important that various experts make use of different equipment in order to observe it properly. Some people may see this as an extravagant expense, but people who are in on the business know that a lot more money depends on the condition of the horses.
3) House – it is often the case that the “house” or the track actually places a bet on the horses. Because of this, the horse race betting odds become adjusted. Many people base their bets on the decision made by the track. This is often the case when a gambler wants to win a specific quantity of cash. If, for example, he or she bets on the “underdog” of the race, he or she could win a huge amount of cash.
Of course, most people just go with the house since the house is actually able to observe the competitors better. This way, they have a larger chance of winning although their winnings would be comparably smaller.
What’s important about horse racing betting odds is the fact that those figures are information. Those figures help the undecided commit their cash to something. Without the horse race betting odds, a person would have no way to figure out which horse to bet on.
Horse Racing Betting System Essentials
Horse racing is a kind of sport that is now popularly known as a betting game. But you have to take into account that the horse racing betting does not only refer to laying a bet on the horse with the most beautiful name or the one with the best odds. In fact some people have this perception that one has to be a horse racing expert to be a winner.
Here are some of the important things you must consider in making an effective horse racing betting system:
The distance that will be run by the horse to reach the finishing point is a very important factor that you have to weigh up before you pick out the horse that you will lay a bet on. If the distance is short, the horse has only little time to show its best performance. Conversely if the distance of the race is too long, there are several possibilities like the horse might get tired or the horse rider might drop off. Keep in mind that the safest distance of the horse race is in the range of 5 furlongs and not more than 3 miles.
Number of Runners
The number of runners is also a very crucial element that you should consider when betting. A horse’s chance of winning is greatly affected by the number of contenders in a race. If the field is big, then naturally, it means there’s large numbers of runners who will vie in the horse racing sport. It is quite tough to choose which horse will do well in the race where there are so many runners who compete with each other.
The Kind of Ground
Another important factor that you should take into consideration when betting on a horse is the kind of ground in which the horse will run. The rule of thumb is that the “going” must be excellent. Examine if the ground is soft or heavy. The smoothness or firmness of the “going” is also crucial in the race. The size of the horse’s feet has also an effect on the result of the race.
When the Last Race was Run
The last race of the horse is also another aspect that you have to think about before you pick out your bet. You must consider when the last time the horse have its race was. It is quite difficult to tell if the horse is in good shape or not when it has been vacant in the horse racing scene for a short time. Ideally, a good bet is a horse whose last race was in the current season or at least 28 days ago.
Check the Horses Form
You will notice that there are letters C and D indicated in the horses form. The C here indicates that the horse has been a winner over a certain track in the previous races while the D denotes that the horse has been a winner over the distance being run in the race. When there is C or D in the horses form, you should not think twice to bet on that horse. This indicates that they’re good runners.
You can also consider those horses that are considered to be top favorites in the present season. Experts agree that there is a higher probability that these horses come first in the race. Hence, check out some favorites and their records in the racing field. If they have 3/1 or less in the betting, then, that’s an indication that they can be a good pick.