The automatic bet is something handicappers have long sought to discover. Wouldn’t it be nice to recognize an automatic bet at the racetrack that is a guaranteed winner? Unfortunately, horseracing just isn’t that kind of game. There are no certainties when it comes to making a bet on horses.
There are, however, bets that win with such frequency that they could justify an automatic bet. Learning how to recognize these rare occurrences will make you an expert at EZ Horse Betting and put more money into your pocket when you wager at one of our recommended racebooks.
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Favorites Are Not an Automatic Bet
You might be thinking that betting the favorite at a racetrack is an automatic way to make money. You would be wrong. Favorites only win one-third of races. This is one of the most reliable statistics in horseracing. You can depend on it to hold true year after year.
If these horses are called favorites, why do they win such a small percentage of faces? The answer is that so-called favorites at a racetrack are not always the legitimate favorite. The betting favorite is determined by the public as they make their wagers. On average, the betting public does a pretty good job as handicappers. They get it right one-third of the time. That is a respectable percentage.
The problem is that the times they get it wrong most often return much more winnings that the times they get it right. Sometimes the betting public will make a horse a prohibitive favorite, meaning that a bet on the horse to win does not justify the risk. These horses often have odds of even money or less. Some of them can even return as little as $0.10 on the dollar when they win!
The two-thirds that the public miss, however, can pay astronomical odds to win. Some longshots have even returned $100 for every $1 wagered.
When you visit the racetrack, do not automatically bet on the favorite in each race. If you do, the chances are you will leave the track disappointed and broke. On some days, favorites may win every race on the card. On other days, they will not win a single event. Don’t be swayed by what your fellow bettors have decided the odds should be on any given horse.
Betting Odds-On Favorites to Place
One bet at a racebook or live track that seems to work exceptionally well is betting odds-on favorites to place. This bet has often shown a higher ROI than many other bets you can make.
One can suppose that the reasoning behind this is that the public is smart enough to recognize horses with talent when they may not be able to distinguish which one is the most talented. For whatever reason, sometimes the favorite comes up short in a race and runs second.
Odds-on means that the favorite offers odds of less than even money. This means they are 4-5, 3-5, or 1-5 on the tote board. While these situations happen so often that they may seem like an automatic bet, there is a flaw in making these bets that many bettors overlook.
A place bet will return significantly less than a win wager in most cases. With an odds-on favorite, you could be risking $1 to make $0.40 or less. While you will be cashing a lot of tickets with this method, it is hard to make a consistent profit. If you lose just one of these bets you are in a hole that is almost impossible to climb out of by making the same bet on other horses.
Automatic Bets and Track Bias
You may be able to occasionally take advantage of a track bias and approach something close to an automatic bet. When this happens, it is as though the heavens have parted and the racing gods have smiled down upon you. Learn to recognize it and take advantage of it. Often this situation requires no other handicapping skills other than realizing a track bias is working its magic.
Racetracks are funny things. They can change over the course of one racing day. Sometimes they will favor the horses on the inside. Sometimes they will favor horses on the outside. On some days horses from the rear of the pack will be able to zip past their opponents. On others, horses on the lead can simply not be overtaken.
The only tried and true way to recognize a track bias is to study the charts of each day’s events and watch a lot of races on the circuit you like to play. There are handicappers who literally make a living by betting the track bias. It’s all they do.
Begin by looking to see which type of horses are winning most often. Are most of the races being won by horses on the lead or by horses that come from the rear of the pack? This is a good starting point. You can also explore many articles from the Daily Racing Form and other publications that will give you insights on how to recognize and bet track bias.
Did you know that you can get access to past performances and charts from your favorite racetrack by registering an account with our racebook partner? You can also access new player bonuses and other promotions which offer you free money to bet on horses.