Points Based Staking: Beginner to Winner
Horse racing wagering is an easy way to add even more excitement to the celebrated sport of kings, but while casually picking winners based on trivial factors such as a catchy name or attractive racing colors can yield a lucky break once in a while, consistently making money from these wagers requires sticking to a defined points based staking system.
A points based staking system is a methodical ranking process that can show a given horse’s likelihood of victory in a race based on past performance, present track conditions and the competing field, and working with such a system can greatly increase your odds of picking winners over time.
My Winners: Easy Point System for Horse Racing Wagering
Managing your Investment
Successfully generating a profit over time from horse racing wagers requires a fairly substantial initial investment of staking money. This wagering pot is then divided up into points, and determines how much you have to stake on each bet. Managing your investment judiciously is critical to sustained profits, as even a winning bet can end up losing money in the long run by choosing an unprofitable wager. The most successful bettors are known as professional handicappers, and they work to find the most profitable bets while minimizing their losses on unlikely wagers.
Handicapping horse races begins with an examination of the various factors that go into winning a race, which allows a calculation of the appropriate amount to place on a bet. This calculation starts with 100, or all of your staking pot, but horse racing tracks typically collect a portion of all wagers placed on the day to cover track expenses. This fee is known to insiders as the “vig,” and as the typical rate is 20 percent, most calculation systems in widespread use, start at 80.
Next, the 80 can be divided by the size of the field to show how much each factor will determine the winner of the race. For example, an event with an 8-horse field would render an equation of 80 divided by 8, equaling 10. This figure can then be converted to a percentage, making each factor worth 10 percent, or a “unit” for handicapping purposes.
Horse racing is known for its exciting and unpredictable finishes, but the vast majority of horse races can be narrowed down to a few true contenders long before the starting gun by considering the abilities of each horse. An evaluation for handicapping purposes starts with finding the class horse, which is calculated by dividing the horse’s yearly winnings by the number of races won if it has had 5 races or more, and the winnings by the number of starts for horses with less races. The horse with the highest winnings per start average is the class of the field and receives a unit.
The next most important factor is consistency, which is determined by dividing the number of starts by the wins accumulated over the year. Jockey winning percentage and trainer winning percentage are also highly indicative factors of a horse’s chances at the victory circle, each worth a ranking unit on their own. Speed ratings are commonly used to measure the capabilities of horses, but where they are unavailable the horse with the fastest time on the surface of the day and at the current race distance receives the unit. Also factored in is the horse’s last racing performance, with the most impressive display receiving a unit in the factoring process.
After determining the influence of central factors for each horse in the race, percentages can be assigned to each runner. The class horse of the race receives a 10 percent ranking bonus, and the factors are tallied to give each horse a projected chance at winning, shown as a percentage. These percentages can then be converted into fractions, meaning that a horse with a 50 percent ranking would win races roughly half the time.
From this point, ensuring a profit on horse racing wagers is done by taking advantage of favorable odds. For a horse ranked at 50 percent, any wager set to pay more than $4 for every $2 wagered represents a profitable bet, and as the odds constantly change leading up to the race, savvy bettors watch the odds carefully until the last minute before placing a wager guaranteed to show a profit as a winning bet.
Wagering on horse races is one of the oldest forms of public entertainment, and handicapping horses is a way to turn the fortunes of the day in your favor. There are many effective horse ranking systems that help horse racing enthusiasts gain an edge, and understanding the basics of how it’s done can help you devise your own advanced system and achieve even more consistent success.
For more information about the upcoming horse racing events in the US, visit the sports and horse race betting hub https://www.mywinners.com/ for all the latest information and if you’re feeling lucky, you could even place the odd bet or two.