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10/9/2011 edition

Horse Racing Betting Systems
Beware These Betting Tips



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Continued from previous page

We suggest it is best to avoid selection methods and horse racing betting systems based upon the following ideas:

2. Any trifecta methods based upon taking combinations of short priced tote horses to win and place. Short priced tote horses destroy trifecta dividends. Have two of them in the trifecta and the payout is usually not worth collecting.

3. Place betting methods based upon backing short priced tote horses.

a)
Tote place odds are consistently below bookmaker traditional each way odds in fields of eight or more horses. Oh for those traditional bookmaker place odds that we used to get! But those traditional bookie odds do give an indication of what you should be looking for. To work out what bookmaker traditional each way odds are subtract one dollar from the win dollar odds, then divide this price by four, then add the dollar back to the price.

For example if the win odds are $5.00, subtract one dollar, now divide $4.00 by four. You get $1.00. Add the dollar back to the price.and you can see that a horse starting at $5.00 would have each way place odds of $2.00. Now try getting $2.00 on the tote for the place! Or even with today's bookies!

b)
Legislation still allows TABs to get away with paying a win dividend of $1.00 money back for the place, but taking the stake should the bet not place. Backing very short priced tote horses for the place gives you the risk of having placed a bet where you can lose 100% of your stake, but cannot make a profit.

c) Rounding down of tote dividends also destroys your anticipated dividends. You might expect $1.20 but because the price drops to $1.19 you receive $1.10. That's 50% less than expected. It doesn't work the other way.

Because of the consistent poor tote value, the above forms of betting will most likely lose long term. It also probably doesn't matter whether you work the selections out yourself or get them worked out by a computer and even automatically placed on the tote for you by a computer program.

This edition of Punt to Win:
Beware these horse racing betting system & selection wagering strategies
The Professional Punter's horse racing news
The High Strike Rate Place Betting horse racing betting system
Horse racing form analysis and betting system tips
Horse Watch betting system - future winners
Free horse racing betting tips package membership!
Get those betting odds
Betting favourites in small fields: 3/9/2011 & 27/8/2011
Betting favourites in small fields: 20/8/2011
Best odds for well bet winners - bookmaker or tote?
Betting top weights - horses carrying a weight handicap of 59kg.
Punt to Win 20/8/2011
Punt to Win index


2010 Melbourne Cup Day
Winners under $10.00
Best Bookmaker Win Odds
Best Tote Odds

Horse

Get these prices? Or these prices!! Extra Profit $30 bet
Macedonian 5.60 7.00 $42
Launay 4.30 5.50 $36
Jersey Lily 4.90 5.50 $18
Palomares 5.20 5.80 $18
Stirling Grove 3.10 3.30 $6


 

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  Disclaimer: This site covers various aspects of horseracing in Australia. We provide betting tips, online gambling strategy and links to many thoroughbred sites. OZmium Pty Ltd is not responsible for the content of the links and also accepts no liability for financial loss or misadventure caused by the information provided here. We strongly recommend you bet within your budget and only with money you are prepared to risk.