Re: horse racing for novices
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I've been dabbling at the track lately and have developed this strategy: I find who I think is the best horse at a good number (through past times, track conditions, drivers, etc.). Then I bet them WPS. I have left the track everytime up money.
But I don't know if this is really a +EV strategy. Has anyone ever tried anything like this?
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Betting horses is all about looking for value. In order for a bet to be profitable, you have to be getting a better price then the horses actual chances. This is rare because the juice is so high (15 - 25%). Betting across the board like you are doing probably isn't best because one of the pools will have better value then the others, because there is less proportional money on the horse in that pool. You probably want to betting in the best pool only.
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