|Horse racing and
Punt to Win
Win Betting Tote Firmers
How often do punters hear, "There's been a big go for this horse." They then rush to back it on the tote.
A prime example was at Morphettville some time ago where 4YO mare Kyshnaha was first up in a restricted race run over 1200 metres. The mare had won her only other race, a Gawler maiden, five months earlier by over three lengths.
On track Kyshnaha was solidly backed and firmed from $11.00 to start at $6.50. Tote punters, no doubt well informed about the money coming in on track for Kyshnaha, saw the tote price flashing in front of them, indicating a tote firmer and joined the party.
Kyshnaha won the 15 horse race. No doubt they were pleased.
But: The best tote odds were $4.20, while SuperTab paid a paltry $3.80.
This is a prime example of why win betting tote "firmers" should not be done. You cannot take $3.80 about a horse which starts at $6.50 after being $11.00.
Getting such big unders on your winners is a guaranteed way to lose money over the long term, because noone gives you refunds on your losing bets. That means you have to squeeze out the maximum odds you can get when you back a winner, not get $3.80 when $11.00 was available.
This edition of Punt to Win:
2006 Melbourne Cup Carnival Winners
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