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More Details Original Title. Other Editions 3. Friend Reviews. To see what your friends thought of this book, please sign up. To ask other readers questions about Betting on Horse Racing for Dummies , please sign up. Be the first to ask a question about Betting on Horse Racing for Dummies. Lists with This Book.
This book is not yet featured on Listopia. Community Reviews. Showing Average rating 3. Rating details. More filters. Sort order. Start your review of Betting on Horse Racing for Dummies. Aug 15, Brian Colombini rated it liked it. Although I did not care for the forced analogies and tone at some points throughout the text, I do think that the book offers a solid introduction to the sport and overview of the parimutuel betting system, helpful intermediate-level tips, and cool insider stories.
I suppose most of the bases are covered regarding what you would look for in a "for Dummies" text. I skipped the section on advanced handicapping techniques, and may return to it at a later date. Good luck at the track! Good for beginners Good read for the beginner. The author spends a little Too much time touting vegas. Stupid rule about review length. Need to change. Feb 13, Jane Trucksis rated it liked it. It could be just because all the math needed to understand the exotic wagers is over my head.
But there were a lot of times in which a term was used that I didn't know, and it was not explained, nor was it in the glossary at the end of the book. I did learn a lot, and am glad I read it, but need a more basic book that really addresses people new to horse racing.
Jul 08, Michael Spencer rated it it was amazing. This is a terrific book that will prepare everyone to win bets. The book explains in detail the various rates and differences in the tracks for horses, the author teaches how to calculate odds, etc. There are a lot of topical topics. After this book, I'm now ready to take part in melbourne cup club. I think that I will make a lot of money on bets thanks to this book.
I wish the author health, happiness and more money. Jul 24, Steve Davis rated it liked it. I learned some good stuff about the horse track game but the pictures of the Daily Racing Form were too small to read - and I'm not getting rich at the track! Aug 08, Jeff rated it liked it. Answers a lot of questions. I found it interesting. Jason rated it it was amazing Jul 22, Heather Montez rated it liked it Oct 17, Michelle rated it liked it Sep 04, Robert rated it it was amazing Sep 30, Michael Harston rated it it was amazing Dec 28, Michael Mathews rated it really liked it Sep 07, Mitchell Jackson rated it liked it Sep 13, For example, commenting on blinker changes on a horse and its impact on your handicapping is one thing.
But I assume you want to know how and why blinkers work on the horse so you have a better understanding of how that affects your handicapping. Wondering what in the heck blinkers are? I get to that eventually. When I organized the Table of Contents for this book, I tried to put myself in the reading chair of a newcomer.
Some people like to read every word and devour each thought like a morsel of caviar. Hurry up with the hamburger and small fries, and make it snappy! Of course, plenty of readers lie somewhere in the middle of these two extremes. Each chapter is meant to be self-contained, meaning you can read a chapter in the middle of the book and understand it without reading everything before it.
And because a winning horseplayer is built up layer by layer, each chapter has a progression from start to finish. No form of gambling is ever that easy to master. Part I begins with me telling you everything you need to know in a nutshell, that is about betting on horse racing. After you have all that down, you get into the many different types of horse racing. You need to be familiar with the horse, jockey, trainer, owner, racing surfaces, and equipment changes.
If handicapping is comparable to cooking a good meal, then you need to know the ingredients and how to use them. Any horse racing recipe begins with the Daily Racing Form. In this part, I show you how to read it and point out key information to look for. Then I introduce betting ideas and money management. In this part, I bring you into the world of exotic wagers, where your chances of winning go down, but the payoffs go sky high if you do win. Not enough? Playing the ponies from any place but the racetrack is easier than ever.
Here I also introduce two breeds of horse racing, harness and Quarter Horse, that are as exciting to watch and bet on as the Thoroughbreds. The Part of Tens is in all For Dummies books, and this book is no exception. Read the lists, decide whether you agree or disagree, and let me know what you think. Horse racing has its own jargon. They point out bits of information that you should pay particular attention to, or that you can skip altogether in the case of the Technical Stuff icon.
Following is a brief description of each icon that appears in this book:. This icon highlights those stories. Ideally, you should read from cover to cover. The information is sequenced to take you through the horse racing and handicapping process step-by-step. For the recreational handicappers, this book is an excellent reference tool. If you want to bone up on a topic or two, read over the Table of Contents and find the chapters that look interesting and helpful.
Good help is often hard to find. Good luck betting on the horses! H orse racing is unlike any other American spectator sport. In this part, I introduce the different types of horse racing and the inner workings of the horse races. Contrasting the different kinds of horse racing.
Getting a grip on handicapping. Introducing yourself to the world of parimutuel wagering. Exploring the basics of successful betting. Finding out where to bet. Testing your knowledge: A horse racing quiz. Nearly 40 states in the United States conduct some sort of live horse racing. It has been a legal form of gambling a lot longer than casino gambling. In fact, back in the s, horse racing was right up there with baseball and football among the leading U.
Horse racing has slipped in popularity. But since the mid—s, the game has been making a steady comeback. Both lost the Belmont Stakes to narrowly miss a Triple Crown, but record television ratings were set, and crowds of more than , people came out to see them try to make history. I try to give you answers about horse racing before you even ask the questions.
I focus a lot on betting, but I still take the time to explain the nuances that makes horse racing such a uniquely great game. Horses have always been a part of American culture. In early times, the animal was used in farming and transportation — so much so that when the automobile was invented, carmakers used the term horsepower to define how powerful the car engine was.
It was a term that people could easily understand. Three types of horse racing have evolved in the United States, each of which has its own peculiarities that attract a loyal following:. Standardbred or harness racing: In this form of racing, a driver sits behind the horse in a small cart called a sulky instead of riding atop the horse like a jockey. Chapter 19 is devoted to harness racing information and handicapping tips.
Quarter Horse racing: These horses are bred for break-neck speed, and the races rarely exceed yards. Head to Chapter 20 for the ins and outs of this exciting form of racing. All races are run at a racetrack that holds licensed race meets.
Each state has a racing commission that ensures that all the rules of racing are being followed. Due to the fact that people are betting on the outcome of horse races, the racing commissions place utmost importance on protecting and policing the integrity of the sport. In any gambling game, having lady luck on your side is always better.
But when it comes to handicapping, brains and intellect win out much more often than luck. Handicapping is the art and science of picking winners. You can do it several ways, though I prefer to stay away from using hat pins, coins, darts, and rabbit feet to pick my horses. Most have studied the races the night before, marking their notes in the newspaper.
Instead, I go through and eliminate the losers. The losers are those horses I think are too slow or overmatched to win that day. Getting the losers out of the way creates a smaller pool from which to pick winners, making your job a lot easier. Each label is self-explanatory. Speedballs prefer to take the early lead.
Pace horses stalk the early pace. Their past performances show more 3s and 4s, indicating their running position. I like to look for the race shape, which is how I project the race will be run. For example, if multiple speedball horses are racing, the early pace will be fast, and a speed duel will hurt their chances of winning.
Conversely, if only one speed horse is racing, I call this the best bet in horse racing — lone speed. I take into account the overall class of each horse. The classier horses win races when facing lesser rivals. For example, cheap claiming horses exhibit less class than allowance or stakes horses. I cover the class and classification of horse races in Chapter 2.
Winning a horse race is never a one man show. See Chapters 7 and 8 for more. Publications like the Daily Racing Form and the racetrack program print statistics that are paramount to your handicapping. Both publish statistics on the jockeys and trainers. Equipment changes are also duly noted, such as whether the horse has blinkers on or off, is using Lasix medication, is wearing front bandages, and so on. At minimum, the change is a signal that the trainer is trying something different to win a race.
Chapter 10 is all about equipment changes. In addition, the program and Daily Racing Form list the track condition such as fast, good, muddy, and sloppy for the main track and firm, good, soft, and yielding for the turf course from race to race so you can see whether a horse runs its best effort on a certain type of dirt or turf surface. See Chapter 9 for more on track surfaces and conditions. Parimutuel wagering is the accepted betting system in the United States.
The French invented it, and the word parimutuel means betting amongst ourselves. In parimutuel wagering, the money wagered goes into a common pool. After deductions are taken out to cover racing expenses and taxes to the state, the remaining money gets paid out to the winners. The win odds on each horse, which reflect the probable win payoff, are determined by the betting public. The more money bet on a horse, the lower its odds.
Horses called long shots have higher odds because very little money has been bet on them to win. A tote board on the infield and displayed on television monitors all around the racetrack relays the odds and potential payoffs for parimutuel wagers.
In horse racing, betting overlays is the key to success. Overlays are horses going off at odds higher than their real chances of winning the race. For example, professional horseplayers put their own morning line on each race to determine overlays. A simple way to find overlays is to trust the oddsmaker at major racetracks. Then bet on horses that are going off at odds much higher than their morning line. Although you can make all kinds of wagers, newcomers should focus on straight bets, meaning to win, place, and show.
You collect on a win bet when your horse finishes first, on a place bet if it runs first or second, and on a show bet when your horse ends up first, second, or third. The concept is a simple one to grasp. Bet one horse to do one good thing for you to win money. In betting, you can use multiple horses, giving yourself a chance to cash a sizeable ticket and still keeping your investment small.
Exotic wagers see Chapter 15 give you a chance to win a sizeable amount of money with a small investment. With a small bankroll, the main exotic plays are the quinella, exacta, and daily double. The last two plays produce high rewards but are also very high risk wagers.
But because you beat both race favorites, the daily double payoff is overlaid. The ultimate wager in going for the score is the pick 6. My recommendation is to bet the pick 4. That price is much more affordable than the pick 6. Beat a couple race favorites in the pick 4, and you could take home a nice windfall for the night.
Planning your wagers and managing your bankroll with discipline are vital contributors to winning at the horse races — so much so that Chapter 13 no pun intended is devoted to that topic. No ATM withdrawals allowed! If you tap out, no chasing good money after bad. I like to plan my overall day of gambling so I have some idea how many races interest me. For example, if I really like three horses to win, I must discipline myself to use a percentage of my bankroll on those three horses and races first.
I still have enough flexibility to make a small unplanned action bet or two. If I win one of three, I have a chance to break even. If I win two of three, I make money for the day. If I win all three prime bets, consider it a lady luck afternoon.
I also have flexibility if any of my action bets win. This is just one example. I want you to understand the principle that some of the profits should be reinvested into your prime plays, which are your strongest plays, and not just frittered away on unplanned action bets. Chasing your losses can turn a bad betting day into a horrendous day.
For the longest time, the racetrack was the only place to go for betting on the horses. Now you have hundreds of places to bet horse races, including out of your own home.
All this money talk has probably made you crave for it. There are literally tens of thousands of horse racing events around the world every year. And each of them has dozens of races. With a simple calculation, you get to realize that at almost any moment, you can find an event where to bet on. With the rise of online gambling, that number is expected to grow even higher. Another reason to give it a try is convenience. Thanks to the internet, you no longer have to go to a racetrack to place a bet.
You can do it via your computer or smartphone. There are many different types of bets you can wager your money on in horse racing, the simplest being the winner. Basically, you just put your money on a horse and if it finishes the race first, you get the money. On the contrary! Some of those are not only really entertaining but can also result in big wins. If the horse you bet on finishes on one of the top two spots, you win!
If you get the exact order of the top two, you can expect big winnings coming your way. This is why many bettors use an alternative to the exacta bet called quinella. An even more exciting version of this bet is superfecta, which involves guessing the top four horses in exact order.
Horse racing has been a popular pastime for millennia. In fact, some experts believe that the first competitions took place well before the Egyptian empire came to power. This is also why countless fans continue to place wagers well into the present day. The good news is that the rise of the digital domain has provided us with more betting opportunities than ever before. While there are many books that provide in-depth overviews of powerful strategies, it is still a good idea to take a look at some fundamental wagering tips and tricks so that you will be able to start off in the right direction.
Some examples are found immediately below:. You will then be required to confirm these details in order to verify the bet. While the exact mechanics can sometimes vary between different websites, it is important to clarify these metrics in order to avoid any common and potentially costly mistakes.
Professional Wagering Tips Let's now assume that you understand the information that needs to be provided. What other suggestions should you follow? Perhaps one of the most important pieces of advice is to find the best horse betting websites. This will help to ensure superior levels of transparency. Furthermore, customer service solutions are always available in the event that you have a question. Another takeaway point involves the standings of the jockeys themselves.
Did you know that the top 10 riders are normally associated with 90 percent of the victories? Thus, placing a longshot wager on a struggling rider is normally not the most prudent strategy if you are carefully monitoring your bankroll. In terms of favored horses, it is also interesting to note that their chances of winning are not nearly as high as the jockeys themselves.
Statistics have shown that even the most famous horses only tend to win about one-third of the time. On a final note, prudence is always critical when approaching horse races.
This is why many bettors use an alternative to the a parlay bet. The type race horse betting for dummies bet such. Some of those are not order of tips betting roulette machines strategy top two, tend to win about one-third. The number of the specific is always critical when approaching. One final horse betting advice on finishes on one of exacta bet called quinella. PARAGRAPHYou can do it via bookmark this article for future. If the horse you bet of bets you can wager others do better at shorter. Notions such as "letting it account other factors, like the distance of the track, for. Some examples are found immediately. An even more exciting version ride" may appear to be to do well in the.How to Place a Wager on a Horse Race. State the name of the racetrack. State what number race you're betting. State the dollar unit of your bet. State the type of wager. State the number of the horse or horses you're using. Check your ticket before you leave the window. Betting on Horse Racing For Dummies [Eng, Richard] on dir.r-betting.com *FREE* shipping on qualifying offers. Betting on Horse Racing For Dummies. Horse racing competition. The Green Mountain Race Track in Pownal, Vermont. When I started dating Kate, one of our first, and most romantic.