The Ultimate Source for Info on Horse Race Betting
Factors Impacting Horserace Betting Odds
People who’re used to betting regularly on the horse races are usually well aware that they can’t afford to wager their hard-earned cash in an indiscriminate manner. It must also be noted that, gambling on a sport like horse racing isn’t merely about the luck factor. You can’t trust your income with pure luck, especially when you may have several other important factors to take into consideration.
One important thing that all bettors putting their money on horse racing tracks pay close attention to is the horserace betting odds. These odds help them in deciding the horses that they should put their money on. However, what about the factors that impact these horserace betting odds? Let’s learn about them as follows:
The reputation factor
Reputation of the horse and its jockey has a significant impact on the betting odds for that particular horse. Reputation is derived from the off track and on track records, rankings and past performances of both the horse as well as the jockey.
The horse’s reputation provides people with a fair idea whether to bet on it or not. And this reputation is earned by running in countless number of races. A well-reputed racing horse receives higher odds of winning a particular race. On the other hand, a horse that’s almost unknown and hasn’t proved its mettle in the past races may have a hard time providing favourable odds to the bettors.
The condition factor
Many horse racing gurus or experts can be seen studying the condition of the competing horses before the start of the actual race. The competitors’ condition helps in determination of more realistic horserace betting odds on the racing day. When we talk about condition, it refers to several characteristics of both the horse and its jockey. It may include, but isn’t limited to:
- The emotional condition of the horse/jockey and its/his fighting spirit. It tells you how much the horse/jockey will fight to realise its/his true potential on the racing day.
- The physical condition of the horse/jockey, telling about it/his physique and stamina.
The conditioning of a particular horse is also very critical, something that experts study very carefully using all sorts of instruments and equipment. Many people view this exercise as a useless expense, but people who’re closely involved in horserace betting business know exactly how much impact such conditioning can have on the race results, and hence on their payouts.
The house factor
In most cases, it’s the track or the house which places bets for horse races happening there. As a result, the final betting odds may get adjusted slightly based on the odds set by house/track. Needless to say, a large majority of people go with the betting odds decided by the house, as the house knows best which horse stands the best chance to win on its track.
To conclude, please keep in mind that horserace betting odds should only be used as a basic guide or blueprint. Eventually, you must use your own due diligence, combined with such useful information, to place the final bets.