hawthorne

horse betting guide




Horse Racing Betting Guide
When trying to profit from any system you must have an effective betting strategy. If a system does not make a profit by following a flat level stake staking plan there is nothing you can do to turn the loss into a profit. For years punters have toyed with various staking plans such as doubling up after a loser, betting a percent of the bank, Kelly plans etc. But most of these are just gimmicks used to overcome a low strike rate, or loss making system and divert your attention away from winner finding. Don't waste your time researching staking plans just follow the two golden rules:
It is always the price of a horse which determines the stake, and the assessment of probabilty of winning or placing which determines the type of bet.
It is all about getting value, and assessing your risk. Maximise your returns when you are very confident, and to minimise your losses when not.
Below are some examples of the type of horse racing bets we place. Usually, there may only be one selection per day. If this is a value bet a decision will be made to bet win or each way depending on our assessment of the probability of the horse winning or placing.
Two or more selections will involve doubles and trebles etc. In this case rarely will we bet singles as it can be proved that placing multiple bets is more profitable than single win betting. In theory you would want to bet at level stake on win singles. But in reality this is not practical. If there are 4 selections and your normal stake is £100 win, then on days when you can't attend the track, have to go to work etc. you will have to place 4 x £100 win bets in your local betting shop. Two problems here: you need £436 cash upfront, and the staff may not accept all your bets. Far better to bet multiple selections, spread over different betting shops if possible.
Exotic bets such as Forecasts, Trifectas, Jackpot and Placepots are played quite often. Pool bets which rollover can provide excellent value especially when the favourite has a low chance of winning.
Remember to keep a log of every bet. You will never know how successful you are unless you do this.
Win or Each Way Singles A typical mistake punters make is to bet win on favourites and each way on anything above a certain price, say 5-1. At first this makes sense, because if the 5-1 horse is placed you will get your money back in races paying 1/5 the odds a place, and make a small profit if it pays a 1/4.
If we think the top rated selection has a lower chance of winning than the norm, say, 45%, but a most definite chance of placing, 90%, we may place a £100 each way bet, sometimes at odds as low as Evens. If we calculate a 5-1 horse has a 30% chance of winning and 40% placing it would make sense to place a £200 win on this selection. Most punters would do the opposite of these examples. Remember, the trick is to maximise your returns when you are very confident, and to minimise your losses when not.
Another punters fallacy is to bet more money on lower price horses and less on outsiders. If you have a system which regularly hits 60% winners at average SP of 5-2 most punters would bet say £200 if the selection was Evens, and £50 if the selection was 4-1. This is nonsense, the opposite will provide more of a return. If you have the same confidence of a 4-1 horse as an Evens horse then the risk is the same. Invest more on the 4-1 and less on the Evens horse.
It is always the price of a horse which determines the stake, and the assessment of probability of winning or placing which determines the type of bet.
Doubles We often place doubles if there are two selections in one day and ignore betting singles. Once again, an each way bet may be placed if the probability of winning is low, and probability of placing is high. Note that the probability of the double being achieved is the probability of each horse winning multiplied together. i.e. if Horse A has a 65% chance and Horse B 50 %, the chance of the double winning is .65 x .5=32.5%. This bet will win about 1 time in 3.
Typical Doubles and Each Way Treble bet
3 x £10 Doubles, £10 EW Treble
CASTLE SEMPILL 3rd 5-2 INFOTEC 2nd 4-1 KOOKABURA 3rd 11-8 Staked £54.50 Returned £34.43 Loss £20.07 29th September
This bet included win doubles and an each way treble. We were very confident of all 3 placing, and were aiming for 2 winners. A separate win bet was also placed on Infotec. Losses were minimised due to the place treble.
Trebles Once again, you must assess the probability of each winning to determine whether to bet singles and doubles as well and whether the treble is each way. If you bet the treble and the doubles each way this will cost you 8 x stake and can eat into profit. But remember, you must try and maximise your return and minimise losses. Sometimes an each way treble with all placed will return your stake money. And if 2 were to win the double would be a profit booster.
Note that you should never place a substantial treble bet in one betting shop. Always spread this bet over a number of betting shops if your are investing over £100. The bookie may refuse the bet, and if the first two win a call is often made to head office where money may be sent to the course to reduce the SP of the last horse.
Typical Each Way Treble bet
£10 EW Treble
TAKHLID 1st 13-8 SHOUF AL BADOU 1st 6-4 ALTICHIERO 1st 13-8 Staked £21.80 Returned £196.50 Profit £174.70 2nd October
We were extremely confident of all 3 placing and very confident of all 3 winning - our confidence was rewarded. This bet was placed in many different shops and returned a nice profit. Takhlid was the selection in the 7.30 because of his profile, Shouf Al Badou and Altichiero were selected via System X systems.
Yankees Once again, punters fall into the trap of betting each way on high price horses, and win only on favourites. It is surely a dream to get 4 winners at 10-1, but realistically at these odds you will most often have just 2 places which will not return half your stake money. Far better to bet win only at these odds and wait for the day when you get 2 or maybe 3 winners.
It is amazing how much an each way Yankee pays with 4 places at odds as low as 3-1. Yet at these odds most punters bet win only. When you get 4 places the doubles and trebles multiply up and can return a profit of 60% on stakes invested. 3 places and you get half your money back. And of course, any winners is a profit booster.
As with trebles you should never place a substantial bet in one betting shop.
Typical Each Way Yankee bet
£2 EW Yankee
MORE MAGIC 1st 5-4 RAYAAN 2nd 13-8 GRIEF 1st 15-8 KEW GARDENS 1st 11-10 Staked £47.96 Returned £107.54 Profit £60.57 4th October
We could have placed a £4 win Yankee for the same cost and the return would have been £123.28 but we were only expecting 2 to win, but all 4 to place. The place part returned £45.90 which just about covers the stakes, once again the winners are the profit boosters.

There are a heck of a lot of online racebooks out there. And let's face it, the internet's full of just as many bandits as pioneers. So how do you protect yourself and your investment? You ask for references. That's what we're here for. While we don't want to keep you from your fair share of the gold claim, we do want to give you good advice on how to steer clear of the desperadoes. Which is to say, we don't want to limit your choices, but we do want to show you the companies that we and a lot of others have had good experiences with. We'll also let you know about the scams and how to keep clear of them.
So in our humble opinion, there really are only a handful of good online racebooks in existence. Most of these sites have been in business for over a decade, and all of them at least five years. In that time they've established a respectable reputation of timely payouts, fair play, and good service. These sites are solid, and we'll stake our reputation on it.Compare bonuses and incentives, and navigate to reviews on all of them. The reviews will give you every bit of company information you could ever need, as well as thorough, in-depth, and objective opinions based on our own betting experiences with these companies. And if there's anything you're looking for you don't find here, let us know, we're always looking for ways to improve.

Horse Racing Betting Guide
When trying to profit from any system you must have an effective betting strategy. If a system does not make a profit by following a flat level stake staking plan there is nothing you can do to turn the loss into a profit. For years punters have toyed with various staking plans such as doubling up after a loser, betting a percent of the bank, Kelly plans etc. But most of these are just gimmicks used to overcome a low strike rate, or loss making system and divert your attention away from winner finding. Don't waste your time researching staking plans just follow the two golden rules:
It is always the price of a horse which determines the stake, and the assessment of probabilty of winning or placing which determines the type of bet.
It is all about getting value, and assessing your risk. Maximise your returns when you are very confident, and to minimise your losses when not.
Below are some examples of the type of horse racing bets we place. Usually, there may only be one selection per day. If this is a value bet a decision will be made to bet win or each way depending on our assessment of the probability of the horse winning or placing.
Two or more selections will involve doubles and trebles etc. In this case rarely will we bet singles as it can be proved that placing multiple bets is more profitable than single win betting. In theory you would want to bet at level stake on win singles. But in reality this is not practical. If there are 4 selections and your normal stake is £100 win, then on days when you can't attend the track, have to go to work etc. you will have to place 4 x £100 win bets in your local betting shop. Two problems here: you need £436 cash upfront, and the staff may not accept all your bets. Far better to bet multiple selections, spread over different betting shops if possible.
Exotic bets such as Forecasts, Trifectas, Jackpot and Placepots are played quite often. Pool bets which rollover can provide excellent value especially when the favourite has a low chance of winning.
Remember to keep a log of every bet. You will never know how successful you are unless you do this.
Win or Each Way Singles A typical mistake punters make is to bet win on favourites and each way on anything above a certain price, say 5-1. At first this makes sense, because if the 5-1 horse is placed you will get your money back in races paying 1/5 the odds a place, and make a small profit if it pays a 1/4.
If we think the top rated selection has a lower chance of winning than the norm, say, 45%, but a most definite chance of placing, 90%, we may place a £100 each way bet, sometimes at odds as low as Evens. If we calculate a 5-1 horse has a 30% chance of winning and 40% placing it would make sense to place a £200 win on this selection. Most punters would do the opposite of these examples. Remember, the trick is to maximise your returns when you are very confident, and to minimise your losses when not.
Another punters fallacy is to bet more money on lower price horses and less on outsiders. If you have a system which regularly hits 60% winners at average SP of 5-2 most punters would bet say £200 if the selection was Evens, and £50 if the selection was 4-1. This is nonsense, the opposite will provide more of a return. If you have the same confidence of a 4-1 horse as an Evens horse then the risk is the same. Invest more on the 4-1 and less on the Evens horse.
It is always the price of a horse which determines the stake, and the assessment of probability of winning or placing which determines the type of bet.
Doubles We often place doubles if there are two selections in one day and ignore betting singles. Once again, an each way bet may be placed if the probability of winning is low, and probability of placing is high. Note that the probability of the double being achieved is the probability of each horse winning multiplied together. i.e. if Horse A has a 65% chance and Horse B 50 %, the chance of the double winning is .65 x .5=32.5%. This bet will win about 1 time in 3.
Typical Doubles and Each Way Treble bet
3 x £10 Doubles, £10 EW Treble
CASTLE SEMPILL 3rd 5-2 INFOTEC 2nd 4-1 KOOKABURA 3rd 11-8 Staked £54.50 Returned £34.43 Loss £20.07 29th September
This bet included win doubles and an each way treble. We were very confident of all 3 placing, and were aiming for 2 winners. A separate win bet was also placed on Infotec. Losses were minimised due to the place treble.
Trebles Once again, you must assess the probability of each winning to determine whether to bet singles and doubles as well and whether the treble is each way. If you bet the treble and the doubles each way this will cost you 8 x stake and can eat into profit. But remember, you must try and maximise your return and minimise losses. Sometimes an each way treble with all placed will return your stake money. And if 2 were to win the double would be a profit booster.
Note that you should never place a substantial treble bet in one betting shop. Always spread this bet over a number of betting shops if your are investing over £100. The bookie may refuse the bet, and if the first two win a call is often made to head office where money may be sent to the course to reduce the SP of the last horse.
Typical Each Way Treble bet
£10 EW Treble
TAKHLID 1st 13-8 SHOUF AL BADOU 1st 6-4 ALTICHIERO 1st 13-8 Staked £21.80 Returned £196.50 Profit £174.70 2nd October
We were extremely confident of all 3 placing and very confident of all 3 winning - our confidence was rewarded. This bet was placed in many different shops and returned a nice profit. Takhlid was the selection in the 7.30 because of his profile, Shouf Al Badou and Altichiero were selected via System X systems.
Yankees Once again, punters fall into the trap of betting each way on high price horses, and win only on favourites. It is surely a dream to get 4 winners at 10-1, but realistically at these odds you will most often have just 2 places which will not return half your stake money. Far better to bet win only at these odds and wait for the day when you get 2 or maybe 3 winners.
It is amazing how much an each way Yankee pays with 4 places at odds as low as 3-1. Yet at these odds most punters bet win only. When you get 4 places the doubles and trebles multiply up and can return a profit of 60% on stakes invested. 3 places and you get half your money back. And of course, any winners is a profit booster.
As with trebles you should never place a substantial bet in one betting shop.
Typical Each Way Yankee bet
£2 EW Yankee
MORE MAGIC 1st 5-4 RAYAAN 2nd 13-8 GRIEF 1st 15-8 KEW GARDENS 1st 11-10 Staked £47.96 Returned £107.54 Profit £60.57 4th October
We could have placed a £4 win Yankee for the same cost and the return would have been £123.28 but we were only expecting 2 to win, but all 4 to place. The place part returned £45.90 which just about covers the stakes, once again the winners are the profit boosters.

I've read it and referenced to it many times. It was written for the Golden Anniversary of Hawthorne in 1972. The booklet, being 34 years old, has now become history, itself.Reading through his Acknowledgments page is like reading a who's who of Hawthorne; Rose Schwabauer, Cleona Crozier, Dr Leo Fate, Leila Schlimmer, etc. Once all upstanding citizens of our little community, now all gone, but they've all helped leave this piece of history for us to read.
I've always wanted to add it to the website but never had the time at 24 words per minute, to type it out, but thanks to my classmate and great friend, Linda Jones Reynolds and her typing ability, it is now here for us all.
First of all thanks to Bob Fraser for the booklet. Without him it would probably be gathering dust in a closet somewhere.Also, thanks to Linda Jones Reynolds for taking time out of her schedule to do the transcribing of the pages.
I hope you enjoy it. It IS our Hawthorne History.
large number of people helped on the project. A special tribute must be given to Leila Schlimmer, Rose Schwabauer, Cleona Crozier, and Grayce Kmieciak who served with me on the Golden Anniversary Historical Committee and opened many doors for interviews with citizens who lived and worked in Hawthorne during its formative years. All of them helped organize or were members of many clubs and took a prominent part in many civic functions. Mrs. Schwabauer was city treasurer for twenty years and treasurer of the Chamber of Commerce for seven years. Her scrapbook contained a goldmine of information.
Thanks must be given to C.D., "Pop" Morgan, Dr. Cecil Garton, the French brothers, Wayne, Jack, and Holt, and Walter Hawley for supplying pictures and documents. I am grateful to Wesley Simmons, Lou O'Rourke, Richard Kessler, and Hank Desmond for their assistance on information about annexations, city government, the municipal airport and the water department.
My thanks also to Ethel Odgers, Nina Fraser, Dr. Leo Fate, Dorothy Anderson, Viola Isaacs, and Bessie Carroll, who spent many hours relating to me the many incidents of early history appearing in this narrative.
I must pay special tribute to Mrs. John Scheliga, who gave me free access to her voluminous files of pictures and documents which she has been collecting for many years with the intention of writing a Hawthorne history. I sincerely hope Mrs. Scheliga will complete her worthwhile objective.
This history is not as complete as I would like; much important information has been precluded because of the limited time to get it ready. It is my hope that the information contained herein may be helpful in future stories of our city.