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Sunday, March 18, 2007

horse race odds


Horse Race Betting Tips
How to Bet on Horses All bets are placed based on the numbers assigned to a horse by the track. These numbers are printed beside the name of the horse on the race program. Some tracks use the post position as the horse number. Irrespective of the method used by the track, you should always use the program assigned number when purchasing bets.
"Scratches" are horses that have been withdrawn from the race. No bets are sold on these horses.Tennessee casino Bets are refundable on late scratches unless the bet specifically states otherwise (eg. off time favorite substituted). Simulcasting is the acceptance of betting on a race that is being conducted at a different track.
BETTING ODDS Odds are an approximation of how much a horse will pay to win a race. You will notice that as wagering on a race progresses closer to post time, the odds will change. Why is that you ask? The monies that are wagered in a race are counted up and put into Pools. What is a Pool? A Pool is where the total amount of money that is wagered on a specific type of bet is held to be redistributed to patrons that have correctly selected the outcome of the specific wager they have placed. Out of these pools certain percentages are subtracted. Why is that you ask? The reason being, a percentage of all money wagered go to governments, racetracks, and Horseman. The Government receives a percentage (for tax purposes) for allowing conduct racing in a certain jurisdiction. The Racetracks receive a percentage for promotions, maintaining the racetrack, and paying employees. The horsemen receive a percentage that makes the Race Tracks able to offer purse money to the owners and trainers for racing horses. If there were no money, there would be no races. After the percentages are removed, the remaining money is paid out. This is where we get our payoffs for winning tickets.
The odds are usually of the form x/y (e.g. 5/1, 9/5). Dividing x by y gives a ratio to 1. The smallest ratio or the largest amount of money on a number represents the favorite.
Winning odds of 2/1 will pay $6.00 for a $2 bet, while 5/1 will pay $12.00 for a $2 bet. Payout is calculated by (odds ratio to 1) x bet amount + bet amount.
Example: For odds of 5/1, the approximate payout for a $2 bet is 5 x $2 = $10 + $2 = $12.
Some tracks allow different minimum amounts on each bet type; generally, $1 bets tends to be the minimum on all bets. The odds are computed based on the sales on the bet less a government and handling tax. These deductions vary and are usually controlled by a regulatory body. Deductions may vary at the same track if there are simulcast races. In addition some tracks tax payouts in excess of a specified limit; generally, this limit is 600/1.
BETTING TIPS Bet only on horses you feel have a good chance of winning. If you don't like a horse, don't bet on it. Give preference to winners. Choose a horse that has won before. Avoid betting on a horse that has just moved up in class. Give an extra point to an experienced jockey on longer distance races (over a mile). A jockey's ability assumes greater importance as the distance increases. Most apprentices are capable to break a horse fast, which is very good in sprint races, and the majority of their wins are usually accomplished under such circumstances. However, in route races (distance of longer than 1-1/8 miles) they usually do not fare as well. This is not necessarily because they are lacking in basic ability but because they are lacking in the experience needed to properly gauge the pace of a race. An experienced jockey can enable a front-running sprinter to perform as well in route races.
Also, give an extra point to an experienced jockey on hurdle racing than on flat racing. A jockey's ability becomes even more important in hurdle racing because no matter how fast the horse is if the jockey falls off or the horse pulls up, the race for that horse is over. There is not even a possible second or third place.
Look for value odds as much as likely winners. If you keep looking for them, you will learn to spot them fairly quickly. Look for a horse that has a fair chance of winning and is not overly backed. Hawaii casino This is usually a good value bet in the long run. On odds of say, 10:1, you need to win once in ten attempts to break even. Anything more is net profit. Horses backed heavily by touting services and computer handicappers may win more often, but are usually poor value bets.
The sportsbooks or bookmakers are very well informed and have a very long experience in determining the odds. Their starting prices are usually excellent indicators as to which horses are likely to be among the first three in a given race. Sometimes the mass of the punters will put a lot of weight and money on a horse which will then go to a false price and because of that the other prices of horses will drift in the market, that is get longer. As a result a horse shown favorite or second favorite in the early starting prices may then drop down the list as the start of the race approaches and his odds improve significantly, that is get longer. This doesn't always happen but when it does, bet on the horse that was initially favorite. It is always a good value bet and in the long run you should make a profit.
When the track is slow or heavy, give preference to fast starters. Slow, muddy and heavy track conditions usually favor the horse that takes an early lead. A straight bet is simple, manageable and not too difficult to win. Play it but always weigh up the odds. Avoid favorites and long shots (outsiders) too. Be selective - don't bet on anything or everything. When betting straight, consider betting to win and show, or each-way, if the odds are relatively high.
If a horse is heavily backed just a few minutes before the start of the race and his odds are sharply reduced, bet on it.Virginia casino This is a strong indication that somebody has reliable favorable information about the horse that nobody else is aware of.
The horses to look out for in Lightweights Handicap Races are those whose overall form shows that they are capable of winning, regardless of the class of race in which they compete. Two or more wins in the form shown in newspapers are often indication of a possible big win by a low weight. An added bonus is they usually start at big prices.
When making selections, always give preference to a horse that ran recently. A horse that has not raced for several weeks may have suffered some setbacks like an injury or an illness. No matter how good his form was if it is not recent, chances are the horse will not win.



Friday, September 22, 2006

bet

bet


In a fixed-limit poker game, a big bet (BB) is the larger of two fixed bet amounts. A big bet is used in the final rounds of a game to increase the pot amount and thereby enable the possibility of a bluff. Big bets are generally double the wager of the initial or small bet. Any multi-round poker game can use big bets to standardize wagers while maintaining a sufficient risk-ratio to encourage bluffing. Casino poker tables use big bets to set a limit to the amount of money a patron can lose in each wager. Statistical Analysis Big bets are used in place of variable limit raises to add considerable risk to staying in a game until a hand is shown. This added risk enables other players to bluff or to win a considerable pot when proving that they weren't bluffing. Other methods of adding structure to poker games include buy-in limits and maximum raise limits. Some sort of table or bet limits are required in poker to keep a person with the "deepest pockets" from "buying the game." Examples While any multi-round poker game can use big bets, the unlimited buy-in nature of casino style play is best suited for BB limits. Casinos can advertise the relatively low maximum wager of the BB as a way of attracting players, and players can join the table at any time. Casino style draw poker Big bets are used in draw poker during the final round of betting to weed out tentative players. In theory, only those committed to their hand after seeing their final cards will be motivated to wager twice as much as their previous bet. In practice, however, additional motivation for players to fold is usually needed in a single draw game such as: a half-pot limit, a pot limit, or a spread limit. No limit poker is only employed when table limits are imposed, thereby disallowing casino guests to join the table after play has started. Texas hold 'em In a $2/$4 Texas hold 'em game, the big bet would be $4, wagered in each bet of the last two cards. The $2 would be the small bet, wagered during all other bets of the game. Given that a small bet is generally half of a big bet and that a small blind is generally half of the small bet, the minimum BB in casino style holdem is four cents. On the other side of the scale, the largest required BB in regular play is that of $8000 at the Bellagio in Las Vegas. At this table, professionals like Doyle Brunson, Phil Ivey, Daniel Negreanu, Chau Giang, and Gus Hansen, along with wealthy tourists, are required to wager $8000 in each bet of each of the final two rounds of the game. Omaha hold 'em Big Bets are used in Omaha poker to allow buy-ins of players at any time. The American casino variant of Omaha, called Omaha Eight-or-Better has a greater odds of winning and therefore less motivation to fold with a tentative hand. For that reason Omaha Eight-or-Better is sometimes played in a pot limit betting structure instead of big bets. Casino style seven-card stud Big bets are used in seven-card stud, generally after the last upcard, to motivate tentative players who already have a lot of money in the pot to fold anyway. By the last upcard, seven-card stud players have wagered an ante and three rounds of betting. With that much money already in the pot, there is little motivation to drop out during the final two rounds of betting, especially when there is a possibility that another player may be bluffing. The effect of adding the requirement of a big bet to the final two rounds of seven-card stud betting is that the game becomes one more of skill than of luck.


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