Horse racing odds payoffs win place show bet

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It is also called the lazy bet, and rightly so as you do not need to spend a lot of time analyzing and making specific selections: less effort, fewer rewards. This result is the case unless you use The Wizards selections, where we research on your behalf and only suggest a handful of place bets each day at the track. The bet can also get more expensive. It is sporadic that you will get back a substantial value, and your overlay is high. All in all, this bet is one of the least stressful chances, and when you are just starting — you want to have fun.

This bet tactic is one of the best doors to enter the world of horse betting. The win place show bets allow you to do just that. The other bets could seem lucrative, but the winning probability is relatively low even for the most experienced unless you are using The Wizards picks, which significantly increase your chances. Hence, these bets form the first nature steps for beginners.

Do not get turned off by the modest payouts. You can act smart, and win decently if you play your bets right. For instance, many experts advise to bet only on win bets and to pass on the other two place and show bets. If you are even a bit decent in your selection and can pick out multiple winners — you will compensate for the lost races. The profit from a few win races will most likely be higher than what you will cash out in place and show.

Point being, even with these small traditional bets, you can accumulate some cash and experience to play the more exotic bets. So, go out there and cash some small tickets on these straight bets! These bets sometimes allow for good wagering opportunities with a simple bet.

The key is to make a Win bet on a horse whose odds are bigger than what they should be. This rounding is called breakage. Calculating the Win Odds on a Horse If you want to calculate the exact win odds on a horse, you will need to use a couple of other figures from the tote board: Total win pool Amount bet on that horse The total pool is all the money bet on all the horses to win, but it is not the amount that will actually be paid out to the holders of winning tickets.

Before the track pays off the winners, they deduct the "take," which is generally between 14 and 20 percent and is different in every state. This money goes to pay state and local taxes, payment for the horsemen, expenses at the track, and the track's profit. To calculate the exact odds on your horse, just subtract the take from the total pool, then subtract the amount bet on your horse to give you the amount of cash to be paid out. Divide that figure by the amount bet on your horse to get the exact odds.