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Horse Racing - A Quick Guide to Get Ahead With The New Year:

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As the year begins, horse punters are looking forward to maximize on the upcoming major horseracing events and newcomers are eager to learn and master the tricks at an early start.  
There are things you need to learn and grasp whether you are a professional punter or newbie.  The start of the year is the right time you can gear-up and start making profits. This is the time when you look back at your past performance as well as comparing your lows and highs.
Even the professional punters, when looking back, they can recall an event were they did blunders;
“I should have wagered more, I underestimated that jockey/horse”
“Oh no, why didn’t I wager on that race, I had all the horses on paper”
“Now that was a dump move, I shouldn’t have put so much trust/confidence on that horse”
In horseracing, mistakes are possible and they come in multiples causing a huge loss but as a professional punter you need to know how to lessen your mistakes to a minimal.  Others may debate to say that professional punters do not have room for mistakes but there is something you need to put into consideration. 
From a professional punter’s point of view, the golden rule to be applied should be as follows;
“If a loss incurs from one particular race, its losses should be covered by gains from other races and breaks even”
This is true but if you have incurred a loss in a particular race this means that there is something you did that caused such a loss at which you need to detect and fix your leaks. Now, when newbies try to apply this concept they may tend to lose so much and incur higher losses thinking that they will cover their losses if they keep wagering on other races.
Horse betting is very risky and each given horse has an equally likely chance of winning (horses are handicapped) and the professionals know this. In order to get a winning edge in horseracing there are two things of paramount importance: The selection of horses and the betting options to be used.
Selecting Your Horses
In order to win, you need to select the right horses for that particular race. Selecting a horse should not be biased (looking only at the favorites) and you should avoid picking horses according to their sounding names at which this is one common mistake often done by newbies.
On the other hand, you should not wager on a horse according to your heart’s desire but rather try using your brain.  Many people tend to think that having dreams of certain numbers can give you a winning edge in horse betting. It may work for you today but certainly this will not be consistent because lady luck will not keep knocking on your door regularly. Skill and tactic is the only way you can keep winning at horseracing.
Firstly, when looking at the race form, you should look at the odds given to each particular horse. The odds make it easier to group your horses. For newbies, horses that have high odds do not perform well while horses with low odds are good and often referred to as the favorites. For example, two horses with odds 55/1 and 3/1 would mean that the favorite/best horse out of the two is the horse with odds 3/1.
One thing you need to understand is that the odds only give you a picture of the horse’s performance but will not guarantee that it will be the winner. Odds are set according to the horses past performance as well as its performance during training. Other horses may have bad odds due to its consistency of false starts, and many other factors that cause the horse to underperform at which it can surprise everyone during the main event.
The online race form shows summarized odds whereas the actual race form/printout version shows how the odds are derived. The race form will include detailed information such as the trainer, jockey, the weight of the horse, its last run date, second last run, third last run, the number of times it has appeared as a win, place and runs and other vital statistics.
Horses that have been marked ‘first run’ are very difficult to select and the ones that have a previous track record are easier. Hence, selecting a race with horses that have previous track records can easily help you to select good horses.
Other important factors you should consider are the length of the race track, the conditions of the race track (muddy, sandy, etc.) as well as the fast starters.  Fast starters perform well in sandy and muddy race tracks over short distances but if the length of the race track is long they tend to suffer on endurance.
Your Betting options
After selecting your horses, you need to know the betting option to use in order to maximize your gains. One thing you need to know is that straight bets (win, place and show), and exacta bets should be played as multiples in order for you to maximize your gains. These bets give out a small payout/dividend because they are very cheap. For instance, a wager of a $1 for a straight bet such as a win can give out a dividend of about $10 or even more if the horse was not marked as one of the favorites.  Also, the dividend paid out can be lower than $10 such as a $2.50 or bellow. This means that for every dollar that you wagered you will get a profit of $1.50. Hence, the more money wagered, is the more you get.
Wagering on straight bets can be very risky because they are hard to hit and boxing all horses would be very expensive and if the dividend is low this would result in losses than gains. Straight bets and exacta bets are cheap when compared to all other betting options but getting that specific horse tends to be very tough at which it will be like searching for a needle in a hay stack. And after finding it, you may be disappointed with the payout dividend.
Betting options which pay are the exotic bets (trifecta, quartet /superfecta, pick 6). Newbies tend to think that exotic bets are for the high rollers or people with a bigger budget.  However, with exotic bets, these can be played as fractional bets.
For instance, if an exotic bet such as quartet/superfecta – 12 horses boxed costs about $2000+ but if you look closely on the online betting tab you should notice 3 segments for your bet
(1)    Possible combinations
(2)    Stack size
(3)    Cost of Bet

The segment (possible combinations) cannot be altered and it generates the possible combinations to the number of horses selected according to boxes, floating banker, etc.
The stack size can be altered by the user/punter. For instance, a selection of 12 horses boxed would automatically show as 1 stack size meaning that it is being played once.  Increasing the stack size means that you are creating multiples of your bet at which the dividend paid out will be multiplied according to your stack size.
Now, if you are considering playing fractional bets on the exotic you should pay attention to the stake size.  If the stack size shows an initial value of 1 it would generate automatically the cost of the bet. For example, a quartet bet showing a stake value of 1 and total cost of bet is $2,000 can be adjusted to a fractional bet by adjusting your stack size of 1 to a lower value. For example, reducing the stack size to show as 0.20 would mean that you have set a fractional bet of 20% against the dividend. If the dividend pays out as $10,000 you will be awarded a share of the $10,000 equivalent to 20%. Hence, reducing the stack size to a value below 1 would result in fractional betting and this would be the percentage you will obtain from the dividend.
Fractional betting reduces your cost of bet, a lower fraction e.g. 0.10 would be cheap but also bear in mind that you will get only 10% of the dividend.  But the major advantage of playing exotic bets is that their dividend is usually high especially for major horseracing events at which fractional bets are highly profitable.
If you have a very low budget, why not try playing exotic bets as fractions, they can be very profitable especially when you target the major upcoming horseracing events this year.


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