While betting on the horses can be an awful lot of fun and quite profitable if you are good at it. It can be a quite intimidating task to undertake until you actually either figure it out by trial and error or talk to someone that will take the time to explain it for you. Space limitations prohibit and in depth explanation, but lets demystify it a little for you here.
When it comes to effectively betting on a horse race, two things come into play and you need to look at them and take them into account unless you wish to rely strictly on luck to guide you, which will cut down on your odds and on the fun you will have at the track.
You will need to come to terms with handicapping and odds if you intend on making money consistently at the races.
Odds are fairly easy and simple to understand if you have a basic grasp of mathematics. Odds are figured in terms like six to one. What that means in lay terms is that, should you win, for every dollar you put down you will win six. So a one dollar bet wins six dollars, a ten dollar bet wins sixty, a one hundred dollar bet wins six hundred, and so on. Now remember that the bet minimum at most tracks is at least two dollars so remember to figure that into your math equation when figuring out your bet and computing the projected winnings. Now while this is an over simplified explanation, you get the general idea and can get a good start from that. Some tracks actually use a format where as the actual percentage payout depends on the actual number of people betting on a particular race. There is always a board located at the track, which will let you know these totals and what the actual odds turn out to be.
Handicapping is the art of taking the ability to predict which horse is going to cross the finish line first under a specific set of circumstances and turning that into a winning bet.
Handicapping is where horse racing has the majority of its appeal. Without the ability to handicap a race it would become very lackluster and you could have as much fun betting which car will make it down an exit ramp on the freeway first.
The basic theory behind the handicapping is that it should give each horse an equal opportunity to win. You will sit down with forms in hand look over the historical data on the horses that you pick and try to use that information to help you predict the outcome of the race and to predict which pony is going to nose over the finish line and into the winners circle.
There are people out there making a living figuring out handicaps for other people and there are people out there making a living off winning via picking the right horses with handicapping. Do not be discouraged if it does not come to you right away. As with any other skill, it will improve with time if you take the time to learn and use it.
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