How to calculate overlay indicator in horse race betting?

Question

I am an online horse race bettor, I would like to know, what are the ways to calculate overlay indicator in horse race betting? Please specify the ways through which I can calculate overlay indicator in horse race betting?

Answer 1

The indicators are based on traditional handicapping fundamentals but they under weigh factors that most handicappers over weigh in their handicapping.

The result is a list of contenders that will have the potential overlay horses appearing at the top of the list and the underlay horses that you want to play against placed at the bottom of the list.

In the final step, you will calculate the Overlay Indicator for each of your contenders using the odds on the tote board just before post time.  The Overlay Indicator will tell you which horse to play and how profitable your selection will be.  The higher the Overlay Indicator the better the play.

Indicator Handicapping works because it doesn't just handicap the horses, it also handicaps you real competition the other handicappers!