The challenge of betting on horses is to collect and analyze information and then make a sound judgment on what to bet on, what type of bet to place and how much.

Racebook Strategy - betting odds strategy

The challenge of betting on horses (Racebook) is to collect and analyze information and then make a sound judgment on what to bet on, what type of bet to place and how much. To create an opportunity to be a winner, you need to take into account three main factors, analyze them and act on your findings accordingly. These are:

The betting odds offer has to be at least 2:1 to make it worthwhile. If necessary, choose a selection with a slightly higher risk to prop up the price.

The value of the betting odds must be such that the sportsbook's commission is to a minimum, if at all. Some selections get 'steamed' unnecessarily. When this happens, the 'favorite' price lengthens. Take advantage of those situations.

Three types of bets seem to stand out as a sensible combination to use because they are simple, not too difficult to win and have good winning potential: the Straight bet, the Doubles and the Future.

Parlays have to be one of the most fun bets to wager. Win, Place, Show Parlays are simple to play and, if you have the nerve you can make a great deal of money. Let's use an example to make this easy.

When playing a parlay you must decide what type you will play. We will use a Win Parlay in this example. You look at the program and think in the 1st race the # 3 horse will win, in the 4th race you think the # 5 horse will win, and in the 8th race you think the # 9 horse will win. You are now ready to take your chances.

Lets play a $10.00 win Parlay in the example: 1st race $10.00 win on # 3. The # 3 wins the first race and pays $8.00. so now we take the $40.00 ticket and place it all to win on the # 5 horse in the 4th race. The # 5 horse wins the 4th race and pays $6.00 to win. We now have a $120.00 ticket. We now take the $120.00 and place it all to win on the # 9 horse in the 8th race. The # 9 horse wins and pays $5.00. We have just WON $300.00!!! All of this for a $10.00 investment. You can play 2 races or 12 races the choice is yours.

Note: Parlays are great to play when the favorites are at short prices. There is not much value in a $4.00 horse but if you can find 3 or 4 it can payoff playing parlays.

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