Is There a Way to Bet on Horse Races and Make a Profit Strictly From the Odds
Posted by: willie in Where's WillieHandicapping horse races can be a lot of work if you get into it in depth and try hard to make a profit. As many people find, there is no easy road to riches when betting on horse races. You can use a simple system if you just want to be a recreational bettor and have a nice day at the races and perhaps make a profit.
But if you are seriously trying to make money at it, you will have to work hard and learn your craft, and even then, it may not be enough. There are people who grow weary from trying to handicap the races who try to find a way to just use the odds and to manipulate their bets in such a way that they make a profit.
Years ago, Dr. Z showed us that he could make a profit from place and show bets just using some simple calculations and by following the pools off the tote board. I think it would be safe to say that Dr. Z., a mathematics professor, was a mathematical genius. It would also be safe to say that he not only proved it could be done, but by publishing his system, so that it was available to many people, also made it very unlikely that you can do it today. The problem is that now too many people know how to do it.
That ruins the odds and also makes it difficult to get that last minute bet in without seeing the odds make their last flip down and wiping out any advantage you may have had. Across the pond, in great Britain, where bookmakers still make odds, it is possible to structure bets according to a system and to make a profit, if you are good and the book maker isn’t paying attention, but bookmakers rarely let you get away with that very often. They are trying to make a profit, too.
My own experience has been that there isn’t a way that I have found to consistently make a profit strictly by watching the odds board. However, I have found that certain discrepancies in the pools show that the stable is betting its own horse. That is the only gold I’ve found lately on the tote board, but just knowing who is betting their own horse can be a real gem, if you think about that.
I’m not saying there isn’t a way to make a profit from betting the odds board, just that I haven’t found it in all my years of staring at them.
The most consistent horse racing systems have to have the basics and a handicapper must understand the basics. I have been around horse racing for 50 years including as an owner. Without the basics the rest is not going to do any good. 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. He comes from a horse race handicapping family and as he puts it, “Horse Racing is in my blood.” To see all Bill’s horse racing material go to http://williewins.homestead.com/handicappingstore.html, Bill’s handicapping store.
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