Whenever betting on horse racing, there are many different ways in which to handle this. Your goal will be to make a profit and even so, most gamblers are going to handicap a horse race in order to see what horse will have a better chance to win. Simply because there is one horse that has a bigger chance to win does not mean that this is the best possible bet that you should make.
Keep in mind that even the horse racing bets that will often come in will not necessarily be profitable. The main thing that you need to understand is the fact that they help you due to the fact that they will often cash. The real trick is to use favorite information in order to improve profit and handicapping. This is done so that you can figure out what horse will stand out as a really good bet when analyzing payoff and probability.
In the event that you see that the horse has a 50-50 chance of winning and it will pay over $2 for a $1 bet, this is definitely a bet that comes with positive expectations. Your risk is low when compared to the reward, which will be higher.
As you will surely know already, the most common bet that is done is putting money on the favorite in a race. The show, place and win bets are called straight betting and on average the favorite will win around 1 third of the races. In the event that you look at the stats, the race type, runner ages and all the other important factors, you are going to be able to locate the race that is hold at a specific race track that will bring in a high chance for a favorite horse to win.
One really good trick is to bet on the horse that has the highest possible average speed rating when faced with maiden claiming races that see no first time starter and no horse that will drop from a MSW race. Just take a look and look at the results in this case and you will notice that the outcome is usually really profitable. There are many winners that will appear even if the favorites that you bet on will be low priced. Never stray away from the betting system that you are currently using in order to make sure that what you are doing to keep making money will still work.