Actual Betting Strategies

Actual Betting Strategies

Consistent Amount Strategy
(Win Betting)

This strategy is based on always betting the same amount, regardless of a win or loss. The amount you select should depend on the amount of your bankroll and your projected losing streaks. You should be able to project possibl, since this is a progression strategy. You start off with one betting unit. If you loose a race you simply add one betting unit for the next race.

Let's look at an example:

You set your betting unit to $5. You bet one betting unit ($5) on the first race. If you win, you bet one betting unit ($5) on the next race. If you lose, you bet one betting unit ($5) on the next race.

Rules of the Road:

1. Determine in advance what your betting unit should be. It should be based on your overall bankroll.

This strategy is extremely conservative, and will work well, as long as you have a high win percentage (at least 45+%.)

STRATEGY #2:

Loss Progression Strategy
(Win Betting)

This strategy is based on slowly increasing your wager after a loss. You begin by setting a minimum betting unit, such as $5, $10, etc..). The amount you select should depend on the amount of your bankroll, since this is a progression strategy. You start off with one betting unit. If you loose a race you simply add one betting unit for the next race.

Let's look at an example:

You set your betting unit to $5. You bet one betting unit ($5) on the first race. If you win, you bet one betting unit ($5) on the next race. Everytime you win, you will revert back to one betting unit ($5). If you lose a race, increase your betting unit by one unit ($5). So, in this example, if you lose the first race, you will bet two units ($10) on the second race. If you lose the second race, you will bet three units ($15) on the third race, and so on.

You should have an understanding of the potential losing streaks to prevent running through your bankroll.

Rules of the Road:

1. Determine in advance when you should cut your losses and start over with one unit.

Loosing streaks will occur. We will be supplying the losing streak information, as it pertains to both the "Beat the Ponies" and the "SmartSelections". So, if you are betting on the horses contained in either report, this will help you manage your bankroll.

This strategy is still on the conservative side, and will work well if you start seeing the win percentage begin to decline around the 38 - 43% mark.

STRATEGY #3:

Win Progression Strategy
(Win Betting)

This strategy is based on slowly increasing your wager after a win. You begin by setting a minimum betting unit, such as $5, $10, etc..). The amount you select should depend on the amount of your bankroll, since this is a progression strategy. You start off with one betting unit. If you win a race you simply add one betting unit for the next race.

Let's look at an example:

You set your betting unit to $5. You bet one betting unit ($5) on the first race. If you win, you bet two betting units ($10) on the next race. Everytime you lose, you will revert back to one betting unit ($5). If you win a race, increase your betting unit by one unit ($5). So, in this example, if you win the first race, you will bet two units ($10) on the second race. If you win the second race, you will bet three units ($15) on the third race, and so on.

Rules of the Road:

1. Determine in advance what your betting unit should be.

This strategy will protect your bankroll during losing streaks. It works extremely well if the win percentage begins to climb past 45 - 50%. If the win percentage begins to decline, you can revert to the Loss Prevention Strategy, but only if the percentage is still acceptable.

STRATEGY #4:

Profit Per Race Strategy
(Win Betting)

This strategy is based on setting a specific profit for each race you bet on. The amount of profit you set should always depend on the size of your overall bankroll. You simply set a profit objective for each race. The amount you bet will depend on the horses' odds.

Let's look at an example:

You set your profit per race to $10. Your have a bankroll of $2000.

Race #1 - The horse you want to bet on is going off at 2-1. Your profit this race is $10. You must bet $5 in order to realize a profit of $10 ($10 / 2 = $5). If he wins, your objective for the next betting race is $10 again. If he doesn't win, your loss and objective from this race is carried over to the next betting race, and built into that objective.

Race #2 - (You did not win Race #1) Your profit objective this race is $25. Broken down: $10 (race #1 obj) + $10 (race #2 obj) + $5 (amt lost in race #1) The horse you want to bet on is going off at 3 - 1. You must bet $9 in order to realize a profit of $25. ($25 / 3 = $9 rounded) The horse wins and pays $8.00. You collect $36 ($8 x 4.5 times = $36). ($36 - $9 bet = $27 profit) You made $10 per race and covered your loss from the first race. If you lost this race, the objective for the next race would be $44: ($25 obj this race) + $9 (amt lost this race) + $10 (obj next race), but since you won this race, the objective for the next betting race would go back to $10.

Rules of the Road:

1. Objectives should be carried over to future days.

2. Set a limit that you will bet. For a $2,000 bankroll, the limit should be no more than $100. If you reach your betting limit, be sure to carry the excess over to the next race. For example, if the objective is $120 and the horses' odds are 1-1, you would have to bet $120 to make your objective. Since, your limit is $100, you would not be able to bet the entire $120, only $100. If you should win, the objective for the next race would not be $10, but rather $30. ($10 + $20 surplus)

3. Your objective will climb very fast whenever you bet on a horse having less than even money odds.

This strategy may work extremely well for Place betting. We're working on a process to determine the anticipated Place and Show prices.

STRATEGY #5:

Profit Per Race Strategy
(Place Betting)

This strategy is a Place betting strategy based on setting a specific profit for each race you bet on. The amount of profit you set should always depend on the size of your overall bankroll.

You simply set a profit objective for each race. The amount you bet will depend on the horses' odds.

Let's look at an example:

You set your profit per race to $10. Your have a bankroll of $2000.

Race #1 - The horse you want to bet on is going off at 2-1. This represents the Win odds. To find out the probable Place payoff look at the Payoffs.<trk> report for this track. Find the amount that represents the Place price average. This is not an exact method but it's close enough. Let's assume the average Place price for horses at 2-1 odds is $3.40.

Your profit this race is $10. You must bet $14 in order to realize a profit of $10:
(($3.40 - $2) / $2) = .70;
$10 / .70 = $14 (Rounded)

If he wins, your objective for the next betting race is $10 again.
If he doesn't win, your loss and objective from this race is carried over to the next betting race, and built into that objective.

Race #2 - (You did not win Race #1)
Your profit objective this race is $34. Broken down:
$10 (race #1 obj) + $10 (race #2 obj) + $14 (amt lost in race #1)

The horse you want to bet on is going off at 3 - 1. This represents the Win odds. Look at the Payoffs.<trk> report to find out the average Place price for that odds. Let's assume it's $4.22. You must bet $30 to realize a profit of $34:
($4.22 - $2) = $2.22 / $2 = 1.11
$34 / 1.11 = $30 (Rounded)

The horse wins and pays $4.40 to Place. You collect $66:
$4.40 x 15 times = $66).
($66 - $30 bet = $36 profit)

You made $10 per race and covered your loss from the first race. If you lost this race, the objective for the next race would be $74:
($34 obj this race) + $30 (amt lost this race) + $10 (obj next race).

But since you won this race, the objective for the next betting race would go back to $10.

Rules of the Road

1. Objectives should be carried over to future days.

2. Set a limit that you will bet. For a $2,000 bankroll, the limit should be no more than $120. If you reach your betting limit, be sure to carry the excess over to the next race. For example, if the objective is $150 and the horse's odds average Place payoff is is $4, you would have to bet $150 to make your objective. Since, your limit is $120, you would not be able to bet the entire $150, only $120. If you should win, the objective for the next race would not be $10, but rather $40. ($10 + $30 shortage)

3. Your objective will climb very fast whenever you bet on a horse paying less than $4.

This strategy is extremely powerful, regardless of whether you adopt a win, place, or show strategy. But it does take a large bankroll. Which one you choose should depend on what the win, place, and show percentages are.

STRATEGY #6:

Profit Per Race Strategy
(Show Betting)

This strategy is a Show betting strategy based on setting a secific profit for each race you bet on. The amount of profit you set should always depend on the size of your overall bankroll.

You simply set a profit objective for each race. The amount you bet will depend on the horses' odds.

Let's look at an example:
You set your profit per race to $10. Your have a bankroll of $2000.

Race #1 - The horse you want to bet on is going off at 2-1. This represents the Win odds. To find out the probable Place payoff look at the Payoffs.<trk> report for this track. Find the amount that represents the Show price average. This is not an exact method but it's close enough. Let's assume the average Place price for horses at 2-1 odds is $2.70.

Your profit this race is $10. You must bet $28 in order to realize a profit of $10:
(($2.70 - $2) / $2) = .35;
$10 / .35 = $28 (Rounded)

If he shows, your objective for the next betting race is $10 again.
If he doesn't show, your loss and objective from this race is carried over to the next betting race, and built into that objective.

Race #2 - (You did not win Race #1)
Your profit objective this race is $48. Broken down:
$10 (race #1 obj) + $10 (race #2 obj) + $28 (amt lost in race #1)

The horse you want to bet on is going off at 4 - 1. This represents the Win odds. Look at the Payoffs.<trk> report to find out the average Show price for that odds. Let's assume it's $3.50. You must bet $96 to realize a profit of $48:
($3.50 - $2) = $1.50 / $2 = .75
$48 / .75 = $64 (Rounded)

The horse comes in and pays $3.20 to Show. You collect $112:
$3.20 x 32 times = $102.
($102 - $64 bet = $38 profit)

You missed your objective by $10, because the horse paid less to Show than anticipated:
$48 (original objective) - $38 (profit) = $10 shortage

You have to make up your shortage in the next race.

In this example, the objective for the next race would be $20 instead of $10. Normally, it would be $10 after a win:
$10 (objective this race) + $10 (shortage from last race)

If in the 2nd race, the horse did NOT Show, the objective for the 3rd race would be $122:
$48 (race #2 obj) + $10 (race #3 obj) + $64 (amt lost in race #2)

You make up the shortage in the objective for the next race. If you lost this race, the objective for the next race would be $122:
($48 obj this race) + $64 (amt lost this race) + $10 (obj next race).

But since you won this race, the objective for the next betting race would go back to $10.

Rules of the Road

1. Objectives should be carried over to future days.

2. Set a limit that you will bet. For a $2,000 bankroll, the limit should be no more than $200. If you reach your betting limit, be sure to carry the excess over to the next race. For example, if the objective is $220 and the anticipated payoff is $4.00, you would have to bet $220 to make your objective. Since, your limit is $200, you would not be able to bet the entire $220, only $200. If you should win, the objective for the next race would not be $10, but rather $30. ($10 + $20 shortage)

3. Your objective will climb very fast whenever you bet on a horse paying less than $4.00 to show.

This strategy is extremely powerful, but it takes a large bankroll. If your Show percentage is very high, this will probably be the best strategy for you, since you shouldn't experience a long losing streak.