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Horse racing handicapping can be a lot of work and confusing if you don’t do it in a systematic and orderly fashion. There are just three steps to horse racing handicapping success, but don’t let that fool you. It doesn’t mean it is easy to make money betting on horses. You are competing with many people when you try to make a living handicapping races. Some of those people are very knowledgeable and skilled.
So this is really just an overview. If you want to go into it in more depth, I suggest you start with by buying a good horse racing system and adapt it to suit your own needs as you learn how to handicap a race.
1. Step one is choosing the right source of information. Handicapping horse races
is a matter of comparing factors such as class, pace, speed, and connections (jockey and trainer). The past performances are where you will find this information. You can also use a program, but they usually do not list enough races or go into depth.
2. Comparing factors to rate each horse. When you compare speed, class, and the other factors, you create a hierarchy. The top class horse will be in position number one in the class column. The top speed horse will be in the top position for speed. I like to use their last three races, paying particular attention to horses who have done well in the last 30 days.
3. Once you have them arranged in order from the best to the worst, it is now time to price them. Place a fair odds value on each horse. For instance, a horse who has the highest class and second highest speed who finished well in a race two weeks ago is a horse with a very good chance of winning. IF you can get 2-1 odds or higher on such a horse, it is probably a good bet.
Shop around for value. The real trick to making money handicapping horse races is finding value bets. Value bets are horses who have a better chance of winning than their odds reflect. In other words, let’s say the example of the horse we used above, the class horse with speed and recent form is going off at 2-1. We know from experience that they win almost half the time. That means out of 10 races the horse will win 4 times.
If it pays $ 6 each of those times, you collect a total of $ 24 in ten races, but a $ 2 bet in each of those races only equals a total of $ 20. Therefore, you will make a $ 4 profit for every $ 20 wagered. In other words, a 25% profit. In horse racing handicapping and betting, that is a good return.
These examples have been simplified and as I said before, it takes practice and a good system to beat the races, but if you keep these three steps in mind and work at it, it is not impossible.
If you want to learn how a horse owner and insider handicaps just go to http://williewins.homestead.com/truecb.html and get the truth. Bill Peterson is a former horse race owner and professional handicapper. To see all Bill’s horse racing material go to Horse Racing Handicapping, Bill’s handicapping store.