Frustrated that you’re not winning as many bets on the races as you should be? Handicapping should be your best friend. Even though a lot of people do not like taking the time for handicapping, the truth is that this is the only way to fly if you’re going to be a serious punter. There’s no real point in betting on the races if you’re not prepared to look at a ton of data. Of course, this doesn’t mean that the casual player can’t have a little fun. But we’re going to assume that you’re into more than just entertainment. You want to actually make some money. There’s nothing in the world wrong with that. We like making money on the races.
Handicapping sounds difficult at first but it definitely gets easier. Here’s a few more tips for the frustrated among us. Even though you’re not guaranteed to win anything, these tips should help you do pretty well in the races to come.
One of the biggest mistakes that newbies make is that they bet on maiden claiming races. You have to work with horses that have already proven themselves. Leave the experimenting to someone with deeper pockets. You can look at whether or not the race is a claiming one just by checking out the race description in the track program.
From here, you need to calculate each horse’s lifetime earnings per start.
The equation is pretty easy: LEPS = the horse’s lifetime earnings / the horse’s lifetime starts.
The information you need will be in the upper right hand corner of the listing from the past performances.
Finally, you can bet on the horse that has the highest LEPS as long as the closing odds will be greater than or equal to 8:1.
What you’re really betting on is the horse’s level of ability. This is why there are different classes of horses within the world of thoroughbred horseracing. If you have a good horse, you’ll still make money on him even if he’s dropped to a lower class level.
Trainers manipulate this system as well. They know that a horse that’s been dropped to a lower class due to injuries will still have a good chance of beating out the competition within that class. And if the horse improves? They make even more money.
Keep in mind that this method isn’t without problems. You can still lose money. It’s not “sure money”, but what would the horse betting world be if you had to go with everything being a sure bet? Test the method out for yourself and see where it takes you. Good luck!