Horse Racing Handicapping And Long Shot Bets

horse-racing-systems3Making money from horse races are tough enough. You want to stack the odds in your favor as much as possible. Although betting on favorites and using horse racing systems that are based on picking favorites can give you a lot of wins, your profits tend to be quite modest.

If you want to make the big money from horse races, then you either have to up your betting amounts or you have to start betting on better odds. Unfortunately better odds can greatly reduce your chances of winning. However, some long shot bets are actually worth looking into and by applying this simple method you can greatly increase your chances of winning with long shot bets.

First of all, never base your betting predictions on so-called tip offs from a friend’s friend. They rarely work and it’s a recipe for losing money. Here’s a simple betting strategy that you can use to pick winning horses with great odds.

- Look through the morning line and find every horse that has odds of 10-1 or higher
- Look ate very one in more detail and find the ones that have won previously. Make sure that they have won…

a) at the same distance,
b) on the same surface
c) at the same class or higher

- Look at the race favorites. Try and identify false favorites – those favorites that probably don’t belong there because of some statistical flaw.

- If there are false favorites, you should take the long shot bet. Basically you now have as good if not a better chance as the favorite. The only difference is that your odds are MUCH better and you will win ten times what you would have won by playing the favorites.

This betting system basically revolves around the fact that if a horse have won previously under the same conditions, then he has a good chance of doing it again. Horse go out of form, the get new trainers, they change training routines – a lot of factors outside the race track can influence a horse’s performance.

Nothing is as reliable an indicator as a horse’s previous winning history. If you are going to make long shot bets, then make sure you apply this betting method to help you tilt the odds in your favor. Yes, the risk is there but the rewards make it worth it. Playing the favorites is safer, but your wins won’t bring you as much money as winning with bigger odds.