Horse Race Betting Strategy
As someone who is a fan of horse racing, you need to study form of each horse and race and get to understand the effect that things such as the weather and the current going of the race course are going to have on each horse’s chance of winning.
But it is true to say that there are some other much quicker ways that you will be able to pick out the potential winner, and one of the easiest betting strategies for horse racing that anyone can adopt is to simply put in a progressive type of wagering system when betting on the favourites.
The chances of the favourite winning any horse race can of course be determined by the odds being offered by betting sites and bookmakers, however over the years the type of race you are thinking of betting on will have produced some interesting stats.
As such if you are intending on betting on a flat race, then the number of favourites on average that win such races is 32.3%, but by placing a similar unit stake on all those favourites you would have ended up, over the years, losing just.6% of your money considering their winning odds.
But by using a progressive system, whereby you increase your stake when betting on the favourite on each flat race if the last one has lost and ensuring that if any horse wins you get your previous losses back and make a profit you will indeed end up making a profit over the long term.
But having said that the stake money you will have to place to ensure you do get all previous losses back and lock in a profit when a favourite does finally win could be huge, so you will need to keep that in mind if you do wish to follow this betting system.
Looking at horse races that are running over the hurdles, you will find some slightly better stats regarding the number of favourites that have won their respective races.