|Horse racing and
Punt to Win
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.
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!
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:
2010 Melbourne Cup Day
|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.|