Punt to Win
Horse Racing Betting Strategies
Are plunge horses winning betting tips from the racetrack? Does it pay to follow the money?
When the horse wins, so you can judge for yourself how sensible or otherwise it is over the long term to "follow the money" on the tote, we will also include as an example the the SuperTab tote dividend. Plenty of tote punters will have collected that tote dividend. Most of them would have "followed the money" on the tote.
Are they getting big enough winning dividends when they "follow the money" on the tote to cover themselves for when "following the tote money loses"?
The jockeys and trainers are also important. You may see some jockeys and trainers consistently bringing home plunges whereas others regularly fail to deliver.
Each week we will feature tables showing just how successful the "smart money" was. To qualify a horse must have firmed 5% in the betting market. For example if a horse was backed in from $5.00 (20%) to $4.00 (25%) it will qualify. You can also check tables of betting prices and what their percentages are at Odds calculator.
Not one horse firmed 5% or more in the bookmakers' betting ring at the big Victoria Derby Day meeting held at Flemington. Just like on Melbourne Cup Day, with big money around, the bookmakers, wary of being caught, were opening the markets very tight.
Of course the tote doesn't have to worry about being caught out by a betting plunge and losing money on the race. If any horse is "plunged" on the tote on raceday it just reduces its odds for all punters, including those who wgered on it before the plunge!
This edition of Punt to Win:
You Need Top Odds
It's unlikely you'll get a high enough strike rate backing short priced tote favourites and poor value tote horses to make up for big unders on the tote. Especially in Sydney and Melbourne metropolitan racing on Saturdays.
It's very unlikely you'll make a long term profit by consistently backing short priced tote favourites.
|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.|