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Betting Systems for the Track
2008-04-08 23:11:53
The purpose of a system is to reduce the percentage against the player and to give him more winners.
But there are two parts to any system. One is the selection method and the other is the plan of wagering. Just as the selection method is designed to increase the percentage of winners, betting methods are drawn up to increase the "take" from those selections.
The primary system of betting is a flat sum to win, place or show or a flat sum across the board. This sum is not decreased nor increased no matter if the horse wins or loses. Players call this system "flat bets."
Before he decides if flat bets are the answers to his problem, the player should be fully aware what is involved. On the basis of 100 plays at $2 each, the player must put up a capital of $200.
Wagers on horses that average an even money payoff means the fan must collect 50 of those 100 wagers in order to break even. He doesn't start collecting any profit until he hits the 51st" winner. Obviously, if he elects to play short-priced horses, he must have a selection method that clicks consistently.
But he doesn't necessarily have to run the percentage up too high in order to make the method reward him. In such a method, what he wants above all is consistency. He seeks a method that day in and day out will consistently follow a pattern that will produce a net profit. Once he is sure of that, he can increase his profit at will by simply expanding the size of his wagers.
Suppose his system as regularly as a clock clicks off 55 wins at even money for every 100 days. That means for every 100 plays ($200) he wins $20, or a 10 per cent return. Any refinement that ups the percentage of winners to 60 per cent will mean $40 profit in every 100 plays. Once the player can depend upon it, he can increase that profit by as much as he cares to put into it.
As the mutuel prices increase, the percentage of winners will drop, for it means the player now is off the most substantial horses. A player who sticks to 4 to 1 horses (or a $10 mutuel), needs only 20 winners in every 100 plays to break even.
The percentage of winners and the prices they can be expected to pay must be figured together before any method can be evaluated. Cashing one ticket from every two bought is a pleasant diversion, but that high percentage might not be adequate to show a profit because the mutuel will be short.
The place and show payoff, too, may be studied profitably by a player contemplating certain methods of selections. A general rule is that a horse will pay half as much to place as to win and about one-third as much to show as to win. This general rule, like all such rules, is subject to many exceptions.
Often, there will be only one substantial horse in the race. Many turfites will concede that he will win but that he will be short-priced. Rather than play against him, they pick a longer-priced horse and play him for place. So many of them may follow this procedure that a 12 to 1 shot which runs second may pay only even money for place instead of $6.
Some tracks, following the example of baseball in wooing women, have a special "Ladies Day," usually on Monday when business is light. Many women, especially those not too familiar with racing, are conservative and they like to wager for place and show. A top-heavy proportion of place and show bets will throw out of kilter the general rule about payoffs.
On the other hand, an outstanding horse may pay more for second than for first because, again, fans conceded him the win and either played him or stabbed for a long shot. Few play such a horse for place or show because, after conceding the race to the favorite, they believe they will get better returns by putting their second and third money on long shots. The mighty Equipoise, in setting the world's record for the mile at Chicago, paid even money to win but $4.40 to place.
About the Author
FREE information on Horse Betting -- Get the facts you need. It's FREE! Click here: www.AllAboutBettingonHorses.com
Jon Weaver
Previous Blogs:
2008-04-08 23:02:23
Dutching is a system of backing two horses in a single race to guarantee you a set target profit whichever horse wins. Because you have two good horses on your side, a better than average success rate is assured.
Of course, when you back two horses to win the same race, one will always lose - but if you follow this clever staking plan, you'll always make a net profit whichever of your selections...
2008-04-01 04:01:38
It seems like a dream or a fantasy. Can you really bet on both sides of a sports contest and come out a winner? How about a big winner? The answer is a surprising yes. It’s something that is not talked about too much, but it exists. This article is going to explain how you can win at sports betting by betting both sides of an NBA game. The concept is very easy to follow and you will be...
2008-03-20 20:20:48
If you've read any of my articles before, you know I always emphasize the fact that there are many viable systems for any type of gambling. Sports betting is no exclusion. I've tested and found success with several sports betting systems, several of which would allow someone to quit their job and make a full time living at it. Here is just one simple system for you to test for yourself...
Take...
2008-03-07 03:23:58
A betting strategy or betting system is a calculated approach to gambling - horse gambling in this case, which is intended to counter or upset the partiality that inherently favors the house or bookmakers in any sports betting event. Any successful strategy increases the players’ odds of winning in order to produce long term profits. These days, horse racing systems are based...
2008-03-07 02:01:32
After studying and cataloging hundreds of different NFL betting systems over the past decade or-so, I have learned that there are really only 3 distinct types of systems that effectively beat the spread. They each have the ability to expose opportunities for profit versus the line—they just do so in very different ways.
The first and most common category (which accounts for the majority...
2008-03-07 01:59:46
If someone where to ask me: "Is their one particular NFL statistic that you would class as indispensable when working against the point spread"? It wouldn't take me long to respond. The answer--Pass Defense ratings, or PDE for short.
This may come as a surprise to those purists who believe that the NFL is built on the rushing game, but yes, how well a team defends against the pass is...
2008-03-07 01:58:14
Red Zone Conversion percentage is one of those basic-box score stats that has been around for so long, it's easy to overlook it in today's 12-15 page NFL Gamebooks. It's a deceptively simple, yet powerful statistic--teams that consistently convert Red Zone drives into touchdowns are the same teams that win games, and cover spreads. Teams with strong rushing attacks and tall, athletic receivers...
2008-03-07 01:56:34
While most certainly an American invention, the true origin of the point spread is cloudy. Some experts believe it was introduced in the 1920's while others claim it wasn't widely used until the 1930's in the New York area. Regardless of its actual birth-date, this much is known--In the years following the 2nd world war, the point spread became the dominant form of wagering for both American...
2008-03-07 01:43:35
Finding profitable betting opportunities playing the ponies is not as hard as people may say. If you would like a winning horse racing system that is easy to use, why don’t you try this great little system? It has three rules yet it is so simple that anyone can become an excellent handicapper with it.
I’m going to list the rules, and then I will explain...
2008-02-28 00:09:21
Betting arbitrage is a method of creating a bet that has a zero risk - in other words, you always win! The concept of 'arbitrage' comes from the financial world, and describes the activities of traders who find two different places offering the same trade, but at different prices. They then exploit this difference by selling in one location and buying in the other. Whatever happens to price, they...
2008-02-28 00:07:04
The most important rule of this system that you should never break is that once you have reached your goal winnings for that day, YOU QUIT AND WALK AWAY.
The first step in using this system is to set a value of how much you wish to win each day. As a rough rule, the safest figure is 5% of your total bank.
This is purely down to you. The higher the % the more risk you have of needing to...
2008-02-28 00:05:36
People assume that betting on horses is based on luck, and that the only method to win money while doing it is to get inside information. By inside information, people generally refer to match fixes or some other knowledge that one or more of the horses is sick. This might have been true once, but in todays modern world where the gambling is institutionalized and checked daily, this sort of thing...
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Typical House Edge
Roulette (EU) Single "0" Wheel
2.7%
Roulette (US) Double "0" "00" Wheel
5.2%
Blackjack
0.6%
Baccarat
1.23%
Craps
1.52%
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GLOSSARY OF TERMS
ANTE
-Forced bet placed by all players in poker before the cards are delt.
BANKROLL
-The total amount of gambling funds available to you.
CALL
- A Poker player matches the current bet on the table.
CHECK
-A player can check in order to stay in the game but not bet.
DOUBLE DOWN
-In blackjack, it is the players option to double their original bet in exchange for just one more card.
EVEN MONEY
- A bet that pays back the same amount wagered 1:1
FACE CARDS
-The jack, queen, and king cards - any suit.
HIT
-In blackjack, to take another card.
HOUSE EDGE
- The odds are slightly in the favour of the casino to ensure income for the casino.
KICKER
-An odd high card held that doesn't contribute to a straight or a flush.
MARKER
-An established line of credit between a player and casino.
PAY LINE
- The active line or lines on a slot.
POT
- The total amount bet during a poker hand the pot goes to the winner of the hand.
PROGRESSIVE
-A slot machine jackpot that get higher every game.
PUSH
-Drawn game / tied hand.
RAKE
- The amount of money casinos charge for each hand of poker.
SESSION
- Amount of time spent gambling at any game.
STEAL
-A win in poker won by bluffing.
TRIPS
- 3 cards of the same kind.
WILD CARD
-Card that can be used as another card to complete a hand - Normally a Joker.