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Horse Racing is a worldwide sport and was the first legal form of gambling. In 1665, the first racetrack was constructed on Long Island. It is the oldest Thoroughbred race in North America. The American Stud Book was started in 1868, prompting the beginning of organized horse racing in the United States.
Probability: 25 horses, 5 tracks, 3 winners (1st, 2nd, 3rd)
5 Races of 5 Top horse of each race moves on to final race
5 horses in final for, 1st 2nd & 3rd place
Odds of winning first round is 1 / 5
If you move on, odds of winning first place is 1 / 5
Total probability of winning 1st place is 1 / 5 *1 / 5 =1/25
Total probability of winning any place is 1 / 5 * 3 / 5 =3/25
Horse Racing Odds:
How much do I win?
Approximate Win Payoffs Based on $2 Wagers
Odds: The odds on the tote board are based on win wagers. They reflect the odds to $1 unless otherwise indicated. It is easy to calculate approximate payoffs. If the odds are “4” (as in 4-1), double the odds and add your $2 wager.
For example, a $2 win bet on a 4-1 horse will pay $10 (4 * $2 = $8) + your $2 wager = $10.
Multiple Wagers: Multiple wagers consist of Daily Double, Pick 3’s, Picks 4’s, Pick 6’s and Place Pick All’s. The larger the number of bets the harder it is to pick, as well as the greater the payoff. For these bets, it is recommended to take several combinations of horses in each race to increase your chances of winning (although it does increase the cost).
Source: Horsemen’s Park
How to play:
Step 1. Buy a Racing form
Step 2. Check for two things, Beyer speed figure and Layoff
Step 3. The beyer speed figure is the most powerful tool when selecting a winner, it measures how fast a horse runs, and takes account to how fast the surface is.
Things to remember:
- The racing form is an easy tool to use; the higher the beyer speed figure the faster the horse is.
- The layoff is how long The horse has been off between races a 30-60 day gap between races is a good break for the horse; and it should be in prime condition to win the race depending on the track.
- A break that last 90 days or longer is considered too much and the horse might not be in peak condition to win.
- If a horse does well after a 45 day layoff it’s considered a good bet and is in even better form to win the next race.