| Many people out there are confused by betting on | | | | on a horse or greyhound's recent form, career form, |
| horses and betting on greyhounds. They are confused | | | | and how it has previously raced at the track it is about |
| about how the odds are calculated for a horse or | | | | to run on. |
| greyhound, and they don't know how to pick a winner. | | | | 4. Follow Current Form: Current Form is generally a |
| In this article I will show you how a payout is calculated | | | | good guide about how a horse is going, but take note |
| and I will also give you some pointers on how to make | | | | of blocked runs and other mishaps that could have |
| money betting on horses and betting on greyhounds. | | | | marred previous races. |
| As a way of explaining how odds are calculated, let's | | | | 3. Look at overall Percentage Placed ratio: if a horse |
| assume that $10000 is bet to win on all horses or | | | | has won or placed in more that 50% of its races in |
| greyhounds in a particular race. The particular betting | | | | similar fields. |
| shop will take a certain percentage of the top to keep | | | | 2. Don't Chase the Big Money: There is no point betting |
| themselves in business. The percentage taken off the | | | | on an outsider if it has no chance of winning. Making |
| top varies between organisations. Lets assume that in | | | | small wins on more short price horses makes more |
| this example it is 10% or $1000. That means there is | | | | sense than continuously throwing away money in the |
| $9000 left in the pool. | | | | hope that one day you might get your long-odds |
| Let's say horse number 1 wins. The winning pool is | | | | winner. |
| divided amongst all those who bet on horse 1. If 1000 | | | | 1. Bet For A Place: The odds might not be as high, but |
| people bet on this horse the payout would be $9. | | | | there are more chances for a payout. |
| There is no such thing as a 'sure thing' in gambling but | | | | In this article, you have learned how to understand the |
| below is outlined my five tips for making money betting | | | | odds and been given some tips on betting on horses |
| on horses or betting on greyhounds: | | | | or betting on greyhounds. Now all you need to do is |
| 5. Learn How to Read the Form Guide: To many | | | | put these tips into action and hopefully you can see |
| people, the form guide can seem like a foreign | | | | some winning results. |
| language, but it has some very important information | | | | |