The Long Shot Bet
By: Richard Bleuze
The Long Shot Bet
f you place a bet in every race, you will most likely go home a loser more often than not. I have learned that picking winners does not mean anything. Especially, in this information age when many horse bettors use the internet.
If you like two horses in a race and one of them is the odds-on favorite and the other horse, the long shot, is going to post at 6/1, which horse should you bet? Most horse bettors will follow the crowd and bet the favorite, yet the better bet every time is the horse with 6/1 odds.
In general, odds-on favorites will never win enough races for you to make money long-term. Although, I must confess that I do like betting the odds-on favorites once in awhile! However, long shot betting is where you can make money. In general, you would have to pick fewer long shot horses to win just to break even. On the other hand, for a 1/5 favorite, you need to cash a ticket 84% of the time to break even.
So, why do you bet on odds-on favorites if you really cannot make money.
However, most horse bettors get suckered into betting on odds-on favorites over and over again rather than the long shot. Why?
I believe the that most horse bettors would subconsciously rather lose a bet on a low-priced horse that finishes second or third than they would a bet on a 9/1 long shot that finishes seventh or eighth. These horse bettors let their ego get in the way of making sound wagers.
Many horse bettors have been brainwashed into thinking you can make money following the guidelines outlined in books, TV commentators, and seminars and from the comments you hear tossed about by so-called experts. I suggest that you do not since you are beaten before you have even started.
Believe it or not, you can start making money by horse betting if you can get past the need to find "the winner" in every race and ignore your natural "follow the herd" mindset.
Once you get the long shot mindset and that you must pick a "winner" in every race, you will start making money. Afterall, that is the reason I bet on horses races. Don't you?
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About the Author:
Richard provides articles and information about horse betting on his website at http://www.bettingthehorsesonline.com
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1. Some of the best horse racing results can be had during the week when the fields are typically smaller and it takes little time to place some wagers.
2. Learn about the horses as well as the jockeys. In horse racing both are of major importance when it comes to crossing the finish line.
3. When you place your bet, what others say or the hype surrounding a team should not be what sways you. Check into where the team came from, how long they have been racing and even what class they moved up from and when.
4. Research the track. The track itself can change the way a race goes. There are different textures, different temperatures and even different lengths.
5. When it comes to horse racing one of the most valuable tips you can follow is to learn more about the sport. Know the participants and the location. Use this information to put together your best bet for the next race.
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