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Working Out Horse Racing Bets Best Horse Racing Betting Sites Video3 Horse Racing Tips for Maximum Profits (Strategy Guide)
We provide feedback on common questions about horse racing odds in the FAQ below. Racing odds are calculated by considering a number of factors for each horse.
Modern bookies rely on the same basic cues and information their predecessors did a century ago. Once these experts have weighed in with their opinions, and submitted their feedback to a bookie, the field is ranked according to ability, form and likelihood of victory in a race.
Once all this data has been compiled, software steps in to crunch the numbers and generate a price for every horse in the field.
During this process bookies add a small margin to each price to ensure an overall profit on the race irrespective of which horse wins.
This is known as the overround, and you can read more about this here. After the overround has been applied the price on each horse should be accurate enough that the odds can be used to determine a reasonably accurate statistical probability of the horse winning the race.
Instead one bookie will be the first to publish prices, and other bookies will then follow suit, using the early odds as a reference point. At this point the odds released are somewhat speculative, and prices will tend to fluctuate as punters begin putting money behind horses.
This puts bookies at risk of big losses if many punters get behind a horse at an inflated price. Get the bonus code for Bet Step 1: Generate Your Link Generate a link to share or save.
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Coral Promo Code. The point system works as follows:. You need to score the horse over its last 3 races.
This will give you the best indicator of its current form:. Finally, you then add a point score depending on the odds a horse has been given for that particular race:.
All the points added together will give you its point score rating for that race. This should be a good indicator of which horse has a better chance of winning.
If you can work this out, then you can work out which is more likely to finish the race victoriously. Dutching Betting is a rather complex method that involves sizing up the probability of different outcomes in a race.
You weigh them up against different odds from different bookmakers and place enough bets on different outcomes to make sure that you are highly unlikely to lose, but will still manage to get a profit when one of your horses comes in.
As you can imagine, this takes some serious working out and is for people who want an almost guaranteed profit, even if it is a small profit.
It was used originally by the gangster, Dutch Schultz, when he joined forces with the accounting maths whizz that was Otto Berman.
Berman used his understanding of the horses and the odds to calculate what horses to bet on and when to virtually guarantee a win.
The only way you can be successful at Dutching is when you find the Under-round as opposed to the Over-round, but how do we calculate this?
Well, imagine that there is a special 2 horse race, Crown Walk against Catterick. You need to look for the odds of both horses winning at different bookies.
Imagine Crown Walk has odds of 2. If we look elsewhere for odds, we might find that whilst sport still has odds of 2.
You really need to know the best online bookmakers for odds to make this work. However, horse racing involves more than two parties, so what then?
Obviously, this means there is a chance of losing your entire stake, but this is very low. You may wish to spread that stake over the 6 horses that have the best chance of a win, all with odds ranging between 4.
The advantages of this system are pretty clear. You are obviously maximising your chances of making a profit on every race you bet on.
The fewer the likely outcomes, the better, because this means you can spread your stake more narrowly and stand to make more of a profit.
If you see a race and you feel that there are 2 horses you feel might win, you could use this strategy to bet on both and still make a profit, no matter which one comes in.
The main disadvantage to this is the small amount of profit involved in winning compared to a normal bet and the more you spread it, the smaller the overall profit.
This is a low profit but highly effective method, although some betting sites that target the more recreational bettors might catch on and may restrict your account.
So, make sure you open the right accounts, set your overall betting goal and start putting down those stakes to watch the money trickle in.
When looking at horse racing betting strategies, the obvious act seems to back the favourite, as apparently, these are the horses with the most chance of winning.
However, laying the favourite turns this idea on its head and changes the way we can profit from a favourite horse in a race.
When picking a winning horse, with so many to choose from and so many factors to take into consideration for all the racers, it can be difficult and daunting to make an accurate prediction.
The good thing about laying a horse is that you simply take 1 horse and decide whether you believe it will win or not. This is when you might decide to lay the horse.
When horse racing betting, the idea of laying a horse is simple. Mel takes his time to check each race, he knows where to look for the best information and makes sure his sources are reliable.
The horse races that Mel chooses, as he himself says, are the most lucrative horse races. According to the advice of Mel Gee, it is very important to choose horse races that serve to double the profits in a single race, horse picks with odds superior to 1.
Subscribers will receive tips directly from Mel Gee system creator for use in upcoming horse races. The tips are the same used by the creator of the system to make his personal horse racing bets.
The system has the function of converting horse racing into a gold mine for subscribers. Not a magic system, the perfect system does not exist, but thanks to the hard work of Mel Gee, he has made this system for horse racing as one of the best options to take advantage of a sport that has several ways to generate money for the bettors around the world.
It is not about making money quickly with one or two races, but about winning bets with the direct advice of a horse racing betting expert like Mel.
The system is not for any type of punter, it is for punters who are willing to learn everything about secret horse racing tips and listen attentively what an expert like Mel Gee has to say.· When you choose numeric odds on a horse (i.e. 2/1 or ), this is pretty straightforward to calculate. If you placed your bet at fractional odds (i.e. 2/1) you simply multiply your bet by your odds to calculate your profit. You then add your stake to this number to calculate your total payout. You can work out the implied probability of a horse winning from their fractional odds using the following formula –. denominator / (denominator + numerator) = implied probability. In the example of 3/1 that works out like this –. 1 / (3+1) = or 25%. Calculate bet returns for Accumulators, Lucky 15's, Doubles, Trebles, Football, Horse Racing and more. The most comprehensive and reliable bet calculator.