There are a lot of misconceptions when it comes to betting on the horses. Some people believe that its impossible to profit in horse racing. Some believe that all you need to do is bet the favorites. Still, others believe that the only way to make money is to bet the huge long shots and pray for a miracle. All of these thoughts are false. You can make money betting on horses, and you dont need to pick favorites all the time or bet on miracle finishes often.
Here is a juicy piece of information for you. The favorite wins the race (thoroughbred racing) about 33% of the time. Therefore, if you simply bet the favorite, you will be losing 67% of the time. Since favorites dont always pay too well, you would end up losing over the long run. Still, money can be made betting on favorites. Each race is different. In some races, the favorite might be an even money favorite. In others, the favorite might be a 3-1 favorite.
How you bet is just as important as how much you bet. A common bet is called across the board. When you make this wager, you are betting on the horse to win, place and show. If the horse comes in first, you win all three bets. The show bet is the most...
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