Each player playing the horse racing betting always have intention of winning the games at the casino rather than losing the bets. According to research about 95% of the bettors who normally place their bets on horse racing do lose their money to the casino owners.What it takes for players to become Great Bettors on Horse Racing Game. The reason behind this is that the players do not study the information regarding the horse racing and also they don’t have information about the handicap in horse racing betting. There are many things to consider when you want to be a great horse race gambler.
What it takes for players to become Great Bettors on Horse Racing Game
Winning money placed on the horse racing can be a difficult task to the players who might happen not to have sound management strategy plan. When this is used there will be optimal betting which is always based on mathematical formula known as Kelly Criterion. This principle states that the percentage of the bankroll supposed to be used at the online casino is related to the advantage to the player in the game over the game. The advantage which is also known as edge using the Kelly Criterion’s mathematical formula is expressed as follows:
Edge = W-L/$ odds
Where W is percentage of the horses in the game that are likely to win the race
L is the percentage of those horses in the game that are likely to lose the race
$ Odds these are the possible average payment which is based on $1.
The player can make adjustment on the edge after every 200 wagers he or she made in the game. If the edge decreases if follows that the payment also decreases and if the edge increases it means that the payment also increases as a result. Player advised to be keen when it comes to increasing the amount of money during betting, it would sound awkward for a player to place more than 5% of his or her bankroll even if there is justification that the edge is good
Stick to what you intended to bet with
Before the player visits the casino to bet on the games, players are required to have made their minds on the amount of the money that is required to bet at the online casino sites. At the casinos, the players are being advised to stick to the amount they have initially decided to spend at the casino with. This will ensure that players do not spend more than is expected. There have been cases where players have opted to go against this and it has resulted to frustration among the players thus it is good if it is being considered by the players.
Consider the payouts
Before placing the bets on the horse racing betting it is good if the player will look at the payouts that are being offered at the online casino. There are situation where betting on horse racing would result to a very small tiny winnings. Such odds should not be bet on when the players are looking for the best payments. Always bet on the odds that would pay you a good prize in the end of the game.
Mastering the handicapping method
This is a winning method that most sites do not want to reveal to the gamblers. Methods used in the handicapping in horse are in different ways. Some of them are based on speed, other is based on space and other handicapping basically is based on the rating which is created by the casinos themselves. All these methods have both advantages and disadvantages and thus the players are required to know them and master them before using them in betting.