What is a good horse racing betting formula?

Question

My brother plans to bet on a horse race but has no sound knowledge of a good horse racing betting formula. Can you help me, have some good information about a profitable horse racing betting formula.

Answer 1

As a handicapper for many years, there are no magic formulas I promise you. YOU first must know how to understand race horse handicapping. Assuming you don't..your will definitely need to know how to read a horse racing form. Handicapping is a skill in which one gets better with time, and with time your skill will still continue to grow. I've been handicapping for years and still find new angles. When making picks, I first handicap the race, I look at each horse's performance under prior racing conditions that most matches the conditions of the track and race that day. This information is usually in the program. The Daily Racing Form  is a great source on-line and is usually on sale at the track, this form is designed to provide all of the past performance information, as well as articles, analysis, and handicapper picks and tips.
Keep in mind, The Daily Racing Form has an incredible amount of information entered into a small space, so abbreviations are used, and columns are used. It's not as confusing as you would think. Once you're familiar with reading the Information properly, it becomes very easy. The bottom line is to seek for clues to predict the winner of the race. Most importantly, handicapping is taking all of the available information, combining it all, and analyzing the horses. The more information you utilize in your picks, over time you will better your chances of having winning tickets. It is, of course, NOT guaranteed that you'll always have the winner, you're dealing only with probabilities and possibilities, because Horse Racing is very unpredictable, anything can happen at any time and it usually does, so if anyone promises a guaranteed pick, don't ever believe it, for it's impossible. I enjoy horse racing, however, I only bet on certain races, mostly the High Stake Races. I do it for fun, and manage my money wisely. I'm very active in helping race horses, trainers and owner, and the Industry, so it's more than a betting game to me. I love it, and I'm not in it for the gamble. Always remember there is NO Guarantee in anything ! The odds on a horse are a good indicator of where the horse is expected to finish (a horse with 2/1 odds has a better chance of winning than a 30/1 horse, but the 30/1 horse is a much better payout, however, if you want to play it safe, look for a horse with at least 3/1 odds). Other factors to take into consideration: When did the horse run its last race? Experts say you want your horse to have run a race within the last 28 days to be sure it’s in good shape. How many horses are competing? Obviously, it’s a lot harder to pick a winner when there are a lot of contestants in the race. What does it say on the horses form? If there is a C, the horse has won on that track before. If there is a D, the horse has won on that distance before. These are both good bets. There's a whole lot more to handicapping, and it's a skill that takes time and the learning never ends.