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Understanding Breakage in Horse Race Gambling

Financial Math: Highest Interest Rate You Can Afford

Radius of a Sphere Given the Volume or Surface Area

How to Calculate a Dimesale

Figure Weighted Grade Averages with Excel

What these numbers mean is that if a gamber bets on Abracadabra and she wins, the gambler will net 4.95 times the amount bet. The same $20 win wager on Abracadabra will now net only $98, a decrease of 5 cents per dollar bet.

One thing to keep in mind when you’re reading the toteboard before the race has begun is that the odds will change as more players enter the pool and place new bets on different outcomes. And as the odds change, the breakage also changes.

In horse race gambling, breakage refers to the way the house rounds down the payout m88 odds on the outcomes of a race. For example, if the bettor wagers $20 on A, then when he cashes in his ticket he will get his original $20 plus $99.

Bad Whiskey: (1190 – 300)/300 = 2.9666667

Bad Whiskey: 2.9

Everything after the tenths place is dropped. This means that the house’s true takout percentage is often between 16% and 17%, rather than the posted value of 15%.

More Practical Math Articles:

Diomedes: 1.3. If you should place a winning bet, the house will take at most 9 cents per dollar and at mininum 0 cents per dollar, for an average of 4.5 cents per dollar. Since most horse racing arenas that allow betting break on a dime, meaning they round down to the nearest tenth, a winning bet may be reduced by a maximum of 9 cents per dollar wagered. The betting pool before the house takes its cut is $1400. As for the wagers, $200 is staked on A, $300 is staked on B, $400 is staked on C, and $500 is staked on D. Here is a simple example that shows the effects of breakage, or you can also test different scenarios using a horse race betting calculator.

Copper Penny: (1190 – 400)/400 = 1.975

Without breakage, the payout odds for each horse are calculated as follows.

Four horses are competing in a race: Abracadabra, Bad Whiskey, Copper Penny, and Diomedes. What this means is that the race track takes in more than its standard takeout from the pool, and win wagers payout a little bit less. Now suppose the race track takes a standard 15% cut from the pool, so the true size of the pool is $1190.

Copper Penny: 1.9

Abracadabra: 4.9

However, in nearly all race tracks that allow betting, the payout odds are rounded down to the next tenth, this means that the payouts will actually be

Diomedes: (1190 – 500)/500 = 1.38

Abracadabra: (1190 – 200)/200 = 4.95

You won’t know how breakage will affect your payout until the betting station has closed

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Sports :: Free Horse Racing System – Placepot System

It consists of a single selection in two of the races, two qualifiers in another two races, and three qualifiers in the remaining two races. If you are an experienced form student you may add your own know-how to the selection process, but at this juncture we are going to base our qualifiers on SP forecasts. To cover three in every of the six races would require 729 bets, IE. If there is a abundance of meetings then it is as a rule better not to use the main meeting of the day as this pretty frequently includes races with huge, competitive fields, and it makes our work of discovering horses to place more problematical. These will be the most dependable favourites of the day, and even if they do not win, they ought to place. Conversely, the lowest grade meeting of the day, particularly in the flat season, in addition has its issues. 729 times the minimum stake at 0.10p a line!! #72.90 Ouch!!

Now to select our qualifiers for the perm. Unfortunately it’s not that straightforward! The more racehorses we pick in each horse race, the more expensive our stake. – Obviously in the outstanding two races, we use the first two in the betting forecast as our two qualifiers in the perm.

To win the pot we need to decide on a placed horse in every race. If you use it on a daily basis you ought to win the Placepot a few times a month. Using the morning betting forecasts is a very dependable selection method to employ with this system.

The Placepot Horse Racing System Method:

The perm we exercise in this plan uses just 36 lines, at 10p unit stake the bet costs simply #3.60. Obviously if we had covered say, three racehorses in each race then our odds are greatly enhanced. This is largely a Fun m88 bet so do not go sticking wads on it, nor expect a load of winners, but when it does win you can be paid out #100s!!! This horse racing system ought to point you in the correct direction.

Here’s what to do:

One final note with reference to which paper to use. What it pays though depends on how many others share the pool.

Firstly, we have got to choose which meeting to employ each day. These perform as our single entries in the perm. The horses here are frequently ridden by the poorest standard of jockeys that makes research grueling. Don’t be fooled into thinking that since the selection method is fast and simple, it is useless. So when presented with a diversity of meetings select the second biggest meeting of the day to work on. Look for the two races with the shortest priced favourites. Most bookies now supply Placepot perm slips that make entering easier, but you can additionally do them online these days.

The Placepot is likely without doubt the finest value bet in betting. To win the Placepot you need to pick a horse to be placed in each one of the first six races at a horse race meeting. The one with the second highest value will be the one to take advantage of.

Having selected our meeting, we now need to build our selections using the horse racing system for qualifiers.. Forecasts tend to be more accurate, but whichever you use, keep to the same one every day.

- Look at the SP forecast prices for the six horse races concerned. – Select the two races with the largest fields, they are typically big handicap races, and are constantly the hardest to pick winners in. 1 x 1 x 2 x 2 x 3 x 3 = 36 bets in total.

Good luck with this Placepot horse racing system.

We now have all the elements for our perm. It is better to stay to just a single meeting for each day. I suggest using the Racing Post as their SP. This allows us to select more than a single horse in every race. If you are uncertain which one this is, then add all together the prize values of every race at every meeting. Take the first three racehorses in the betting forecast in every one of these races, they will be our three qualifiers in the perm. To win the Placepot we are going to use what is termed a Placepot perm

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What poker, Buffett, and Federer have to do with investing

© 2013 CBS Interactive Inc.. The first difference is that when playing poker, the competition is only the players at your table. Those costs include research expenses, other fund expenses, bid-offer spreads, commissions, market impact costs and taxes (for taxable accounts). To help understand the difference the following analogy from my 2011 book “The Quest for Alpha” is offered. All Rights Reserved.

The bottom line is that the nature of investing results in a much higher level of competition than does poker, and with investing, it’s a negative sum game due to expenses. On the other hand poker is a game of skill and the best poker player will win in the long run. As an analogy, I would play the stock market if I was Warren Buffett. Their quest for alpha generates incremental expenses. In terms of individual skills, Andy Roddick has a better serve, Andy Murray has a better backhand, Fernando Gonzalez has a better forehand, Rafael Nadal has a better baseline game and is considered a superior player on clay, Radek Stepanek has a better net game and David Ferrer is faster. It is as if the market were a huge, relatively low-cost, continuous polling mechanism that records the updated votes of millions of investors in continuously changing current prices. Until I am certain that I am, or have advice from, the best in the game, I’ll take a pass on the entertainment account.”

The quest for alpha is a game played on a different field

Here is another way to think about the quest for superior investment performance: “The potential for self-cancellation shows why the game of investing is so different from, for example, chess, in which even a seemingly small advantage can lead to consistent victories. In other words, unless you see Warren Buffett when you look in the mirror, it’s a game you’re not likely to win.

(Money Watch) My post of September 09 was on the value/need investors have for an entertainment account. The level of competition is of an entirely different variety in the world of investing. The entity you are competing against is the entire market and the accumulated information discovered by all the participants and reflected in prices.”

Image courtesy of Flickr user slgckgc

Roger Federer is the greatest tennis player of his era and perhaps the greatest ever. One reader offered the following comment: “As I see it there are different types of gambling. If you are better than your opponents, no problem. Today, Nadal and Djokovic are battling for that spot.)

Let the greats play the game

Each investor, using the market to serve his or her own self-interest, unwittingly makes prices reflect that investor’s information and analysis. Investing is more like poker. I am not Warren Buffett, nor are most who claim to be. His stats have since changed. Investment managers trying to outperform are not engaged in a zero-sum game. The market is too vast and too informationally efficient.”

While the competition for Roger Federer is other individual players (just as it is at the poker table), the competition for investment managers is the entire market. In light of this mechanism, for a single investor (in the absence of inside information) to believe that prices are significantly in error is almost always folly. If that had been the case, Federer would not have produced the same results.

The world of investing presents a different situation. It would be as if each time Federer stepped on the court he wore a pair of ankle weights while his opponent had no such handicap.

Rubinstein is making the point that the competition for an investment manager is not other individual investment managers, but is instead the collective wisdom of the market — Adam Smith’s famous “invisible hand.” As author Ron Ross points out in “The Unbeatable Market”: “The quest for market-beating strategy boils down to an information-processing contest. I will only play in poker games when I am the best player. But what is important to understand is Federer’s competition is other individual players. Investors implicitly lump the market with other arenas of competition in their experience.” Rex Sinquefield, former co-chairman of DFA, put it this way: “Just because there are some investors smarter than others, that advantage will not show up. (Note, at the time I wrote the book, Federer was the clear number one player in the world. Public information should already be embedded in prices.

When Federer plays tennis (or poker, unless he is playing at a casino which takes its cut from every hand) he is engaged in a zero-sum game — either he wins the match or his opponent does. With as much as 80 to 90 percent of the trading done by institutional investors, it is difficult to think of a large enough group of victims to exploit in order to generate alpha, especially after considering the costs of the efforts — bringing us to the next important point (which presents another difference between investing and poker).

While I think the analogy of poker to investing is interesting, there are important differences between the two that renders the analogy inappropriate. Any time gambling involves conceding odds to the house, I’ll pass unless the stakes are truly immaterial. Yet, Federer is the best player.. The combination of these two factors results in the requirement of a much greater advantage in terms of skill to expect to win the investment game in the long term — the only term that matters. The difference is why we don’t see persistence of outperformance of investment managers. To understand the difference, we need to understand how securities markets set prices.

Dr. No one would consider it luck he won a record 17 Grand Slam singles titles. Mark Rubinstein, Professor of Applied Investment Analysis at the Haas School of Business at the University of California at Berkeley, provided the following insight:

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Party Casino – The Outstanding Gaming Feature Enables You to Easily and Quickly

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The Basics Of Casino Gambling

The Worlds first online casino: Internet Casinos Inc (ICI) started its operation in the year 1995. Statutes also state that it is inappropriate to use a gambling ship for the transfer of goods or people from one place to another. For example: Which is the better option among these two? Playing a slot machine which has million dollar pay out or playing a blackjack which has less price money? Definitely, if they both have same price we will prefer a slot machine. Players should evaluate the game and inquire about the probability of winning it. Gambling is not a simple task, it needs patience and at the same time innovative moves. Any such business affecting the inter-state business and commerce, and failing to abide by t state rules for running a business will also come under the jurisdiction of gambling laws. It is really difficult to predict how online gambling malfunctioning can come under the proper control of the law and order and that’s why one needs to know the basics of casino gambling in order to be on the right track.

The emergence of these technologies was accompanied by a sense of uncertainty at the time of using them, especially for private communications. According to a recent survey conducted there are around 14.5 million gamblers around the globe.

If a player has an intention to play in an online casino, compulsorily he should have a bank roll. This online casino started its services with 18 games from 18th august 1995. On the other hand, although gambling has been disciplined by state laws, some lobbies in the government exist in favor of gambling. Today there are around 1400 websites offering varieties of gambling games. Second important point a gambler should have is patience. The first thing you understand in casino gambling is Bets valuation. Gambling laws are aimed to address this issue and provide assurance about the sense of security and privacy among the public.

For tips on how to play casino games, visit our website. This bank roll allows him to place bets on the games being played. It is known that online gambling sites cannot accept any kind of encrypted credit card data that can be used for making payments. Gambling is not illegal; players can go to online casinos and play these games.

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Sports :: How Air Jordan Made Nike the Most Popular Athletic Shoe Company

They basically needed a way in which to reinvent themselves in order to appeal to the market once again, which is how the business relationship with Michael Jordan first came about. For one this type of shoe had never been released in anything but white whereas the Air Jordans were black with bold red detail, causing them to soon be banned from the basketball league, a ban that Jordan himself broke time and time again, resulting in Nike getting fined but to Nike this was ok as people were starting to pay attention to the shoe. Out of all the sneakers that were produced within this brand it is this version that is said to be the favorite of Michael Jordan; in fact he wore this version during the 1988 Dunk Championship, which he went on to win along with many other historical events during his career. Nike saw an opportunity in Jordan and as a result signed a $2.5 million deal with him for five years; Nike now stands as the most popular athletic shoe company in existence.

The designers responsible for the Air Jordans take aspects of Michael Jordans life, ideas and hobbies into account when producing the athletic shoes and as a result there are over 24 different models available. Also within this version of the shoe, it was the first to feature the famous Jumpman logo. This was designed by Tinker Hatfield and was the first within this product line to feature a visible air unit on the heel, similar to that of the Nike Air Max. Since its first release back in 1985 there have continually been new designs of the Air Jordan Athletic shoe released each year, even after Jordan retired from basketball. It is this increase in technology and the advancements that have come with it as well as Michael Jordans input that has pushed Nike to be the most popular Athletic Shoe Company in society today, a title that looks like its going to get stronger as more and more shoes are created and released.

Each of the new Air Jordans that are created each push the boundaries of style and technology, an example of this can be seen within the third version of this athletic shoe that was created. This offers an array of style, color and design for you to take advantage of; so basically with the amount of choice that is open to you, the Air Jordan makes the perfect shoe to be worn not just on the basketball court but also on a daily basis as well.

How Air Jordan made Nike the most popular Athletic Shoe Company

The most recent release within this lineup comes curtsy of the Air Jordan 2009, which represents a sports shoe that uses technology known as Articulated Propulsion Technology, which is based around the carbon fiber prosthetic running technology. This attention soon became clear as many companies were starting to imitate the design in their own releases.

Before 1984 Nike had absolutely no credit in the basketball world, in fact it faced jeopardy from the fast paced sportswear market in general. However when the first shoe was released back in 1985, things didn’t start out so smoothly and the release turned the athletic shoe industry upside down with some people praising its release while for others it caused nothing but controversy. This shoe is definitely one of the most famous within the Air Jordan series.… More Info

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When is a bet not a bet? A day at the Iran races | Reuters

Not by “betting” on the horse, he insisted — betting is illegal under Iran’s Islamic law — but by “predicting” Rio Collection would win.

NOWRUZABAD, Iran As Rio Collection galloped across the finishing line, Sardar hooted with joy and high-fived his friends.

The really big bets happen at bigger tracks, particularly at the 10-000 capacity Gonbad-e Kavoos hippodrome in northern Iran.

But technically, he added, only the archery contestants and riders of the horses or camels in the races are permitted to bet.

The way it works is that jockeys authorise the horse-racing committee to place bets for other people on their behalf.

Wearing loose black trousers and speaking with a strong local accent, Sardar, a carpenter, said he chose not to buy prediction tickets as winnings were limited.. I predicted correctly,” said the 18-year-old.

Under Islamic sharia law, gambling is generally seen as illegal and Sardar’s wager, made with a friend, was actually not permitted. Odds are not given before the race and returns are calculated afterwards.

Inside, a dozen women, wearing obligatory headscarves, sit behind windows, taking predictions and paying out winnings. Camel racing — popular in some Arab countries across the Gulf — is not a significant sport in Iran and archery has no great popular following.

Of the total money coming into the official betting office, some 70 percent is given out as winnings with the remaining 30 percent going to cover the costs of racing.

People can also place bets on horses through the federation’s website, but that misses out on the spectacle.

However, three forms of gambling are permitted under Islam, said a cleric consulted on the matter by Reuters.

Despite its limited availability, people from many walks of life crowd the “predictions” office next to the track in Nowruzabad where legal betting takes place inside a building where an electronic screen advertises: “Make a prediction, win a prize”.

By Mitra Amiri

| NOWRUZABAD, Iran

Betting among individuals is not legal but still goes on.

“All forms of gambling are haram (forbidden by Islam) except for horse racing, camel racing and archery,” said Mohsen Mahmoudi, a cleric at a north Tehran mosque, adding that those manly, warrior sports were all encouraged by the Prophet Mohammad.

“I had a great time,” Tamanna said. “I knew he would win. It hold races over a 10-week season each year.

Most of the people buying prediction tickets legally from the racetrack office did not seem concerned, however.

He had just won 200,000 rials (almost $20). “He once won 30 million rials.”

To make it possible for spectators to take part, the Equestrian Federation of Iran sought permission from senior clerics known as “sources of emulation”, to whom Shi’ite Muslims turn for guidance on moral issues.

After the revolution the idea fell out of favour and today there are only four racetracks in the country. But thanks to certain religious rulings, many race-goers are permitted to put money on the horses legally as long as they are “predicting” through official channels.

MASS APPEAL

“I just paid 50,000 rials. As well as a computer screen with race details, each has a basket into which they toss the takings.

As the horses pass the finishing line, the spectators — including dozens of women — jump up from their seats near the track and rush to the predictions office to see how much they have won and place money on the next one.

“Last year someone won $75,000 there in a bet,” a race official said, speaking on condition of anonymity.

“In negotiations with some sources of emulation , we finally managed to receive permission to bet on horses under certain conditions,” said Ebrahim Mohammdzadeh, an official at Tehran’s horse-racing committee.

The Koran describes gambling as “evil, unclean and Satanic” and people found guilty of illegal gambling in the Islamic Republic can be sentenced to flogging and jail.

The 2,000-capacity Nowruzabad track off a major highway to the west of Tehran is the only track easily accessible to the population of the capital. Mohammad Reza Pahlavi — the last shah who was overthrown in the 1979 uprising led by Ayatollah Ruhollah Khomeini — was a keen horseman and aimed to expand racing.

Cleric Mahmoudi warned of the dangers of gambling.

Prediction tickets can be bought for as little as 10,000 rials (around $1) with no official upper limit, although large bets are rare. “In a way we are donating this money to help develop the races.”

“People are reluctant to place big bets with the prediction office,” he said . I hope I can win something,” said Erfan, 15.

“I always buy prediction tickets from this office but my dad bets directly with others,” he said. “Big bets take place unofficially and the winnings are exchanged from hand-to-hand.”

“The bettor makes gains easily, without working and this causes others to lose money with consequent dissatisfaction and grief,” he said, pointing out one reason Islam regards gambling as “haram”.

(Editing by Sonya Hepinstall)

THE BIG BETS

“I just lost 30,000 rials but I had a lot of fun,” said fine arts student Tamanna, 30, showing her ticket printed with a line that says cash spent buying the ticket goes to support the horse races, rather than in the hope of winning.

In pre-revolutionary Iran, horse riding was considered an elite sport… More Info

Using Reverse Line Movement To Win

Last year was a good RLM season for NFL sports betting (45-29, 60.8 percent, +11.91), but two sportsbooks that were in the top five in NFL RLM in both seasons.

College Basketball sports betting was not too shabby either, with a two-year mark of 492-356-22, 58.0 percent, +91.96 units. However, instead of the line rising as you might expect, it instead drops to Chargers -6. . Carib ruled the roost season at 93-66-9, 58.5 percent, +18.55 units after ABC held the penthouse spot in the 2007-08 season.

To back this up, our friends over at Prosportsonline.net have tracked the records for games where over 60 percent of the public has been on one side, yet there was reverse line movement of at least one full point from the opening number at the top sportsbooks in NFL, NCAAF, NBA and NCAAB. NBA sports betting has the lowest two-year five-book RLM winning percentage among the 11/10 sports, but then again, every gambler in the world would kill to go 382-301-9, 55.9 percent, +48.90 units, and the 57.5 percent win rate this past season is nothing to sneeze at. It should be noted that many fewer MLB games have qualified so far this season (is the whole world using RLM now?), but smaller profits is still profit.Again, these records are for Money Lines only and do not include totals.Finally, NHL sports betting has picked up 148.49 units in two years, and unlike MLB, NHL had four sportsbooks out of the top five gain double-digit units this past season. Keep a close eye on Canbet here, as that Australian sportsbook cracked the top five both years.

Thus, following reverse line movements is the same thing a following the smart money. Sure, using this approach leaves open the possibility of the line turning around and moving back against you, but as you will see in bit, betting as soon as an RLM qualifies has been profitable in every major North American sport such as the last two seasons, so if one line turns around, so be it. Quite a few RLM followers watch the moves until almost game time, and then bet accordingly. Another important recommendation is to use a slow moving (but reliable) sportsbook. This would make Miami +6 the RLM play.

So what causes RLM when the aim of most sportsbooks is to get as close to balanced action on both sides as possible? The answer to this is quite simple: the sharp bettors; the one’s who give sports betting advice. RLM takes place when more money/ sportsbook picks are bet by the small percentage of bettors that are on the unpopular side (the sharps) than is bet by the huge majority of players betting the popular side (the squares). Furthermore, they list the RLM records for many individual sportsbook, making it easy to spot which books this system is working at and which books it may be best to ignore.

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So what exactly is reverse line movement? RLM takes place when a large majority of bets are on one team, yet the line moves in the opposite direction. The records quoted below are based on the bets being made at the triggering books, so beating the move by a half-point or a few cents now and then would actually make your record even better.

prosportsonline.net

Also, games where over 60 percent of the public are on one side, yet there is reverse line movement of at least 10 cents on the Money Line from the opening number at the top five sportsbooks in MLB and NHL sports betting has also been profitable. All of this will be fun to follow (not to mention profitable) when every sport except baseball are going on simultaneously during the winter months.

http://prosportsonline.net

The highest two-year winning percentage using RLM from the top five books belongs to College Football, which went 480-341-10, 58.5 percent, +95.10 units. Keep an eyes on the top five sportsbooks at Sports Insights though, as NCAAF sports betting has been very liquid in that regard, with only one sportsbook (believe it or not, Bodog) finishing in the top five both years.

So what we recommend is to only use the top five each season for each individual sport (in terms of units won). Note that these records are for sides only and do not include totals.

The NFL sports betting is generally considered the toughest sport to beat, yet blindly following this method produced an exceptional 59.2 percent win rate last season, improving the two year record to 328-249-12, 56.8 percent, +59.06 units. This may enable you to get the stale more favorable sports betting line at the time the reverse line movement hits at the triggering Sportsbook. This is where an important word of caution is in order though. The huge problem with this is that the nfl line, ncaaf line or nhl line may have moved too much by that time, and all of the value has been sucked out of the unpopular side.

Now do the sharps win every single time? Absolutely not! However, they are right more often than they are wrong, so being on the same side as the sharps is a prudent strategy over the long run, and again, the best thing is that there in absolutely no conventional sports handicapping necessary..

By: Manny G

The proper way to make a sports bet using reverse line movement is to place your bet as soon as there is an RLM of one full point (or 10 cents in MLB and NHL) off of the opening line. Keep in mind that NCAAB was the most liquid sport in terms of top-five sportbooks however, with not a single sportsbook making the top five both years. We tracked the top five books for each of the pointspread sports for the last two years, as as you can see, this strategy has been profitable in every sport. To illustrate, let us say that San Diego Chargers open at -7 … More Info

Quick Guide to Betting the Horses

Since this has multiple wagers in combination, it is a $1 minimum wager at most tracks.

Place

Your horse must finish first or second to collect. This is a $2 minimum wager at most tracks.

Exacta

You play two horses. These wagers are found at just about all types of tracks, including thoroughbred, harness, quarter horse, and greyhound tracks. They must come in first, second, third, and fourth in EXACT order. You play four horses. Since this has multiple wagers in combination, it is a $1 minimum wager at most tracks.

Show

Your horse must finish first, second or third to collect. This is a $2 minimum wager at most tracks.

Here is a quick description of common wager types at race tracks in North America with minimum bets and how they work. They must finish first, second, third, and fourth in ANY order. They must finish first, second, and third in any order to collect. This is a $2 minimum wager at most tracks.

Trifecta

You play three horses. They must finish first, second, third, and fourth in ANY order. This is a $2 minimum wager at most tracks.

Superfecta Key

1 horse over 3 others – $6

1 horse over 4 others – $24

1 horse over 5 others – $60

1 horse over 6 others – $120

1 horse over 7 others – $210. Since this has multiple wagers in combination, it is a $1 minimum wager at most tracks.

Superfecta Key

You play four horses. Exacta Box

2 horse box – $2

3 horse box – $6

4 horse box – $12

5 horse box – $20

6 horse box – $30

7 horse box – $42

8 horse box – $56

Exacta Box

You play two horses. You may play more than two horses in second and third, which means any two of those horses can finish in those positions and you will win. You may play more than three horses in second, third, and fourth, which means any three of those horses can finish in those positions and you will win. This is a $2 minimum wager at most tracks.

Win Odds and Payoffs for a $2.00 wager

1-9$2.10  6-5$4.40  3-1$8.00  12-1$26.001-5$2.40  7-5$4.80  4-1$10.00  15-1$32.002-5$2.80  3-2$5.00  9-2$11.00  20-1$42.001-2$3.00  8-5$5.20  5-1$12.00  30-1$62.003-5$3.20  9-5$5.60  6-1$14.00  40-1$82.004-5$3.60  2-1$6.00  8-1$18.00  50-1$102.001-1$4.00  5-2$7.00  10-1$22.00    

Superfecta Box

You play four horses. They must come in first and second in EXACT order to collect. Since this has multiple wagers in combination, it is a $1 minimum wager at most tracks and some even go as low as 10 cents for the minimum!

By Cindy Pierson Dulay

Wager Types:

Trifecta Box

3 horse box – $6

4 horse box – $24

5 horse box – $60

6 horse box – $120

7 horse box – $210

8 horse box – $336

Win

Your horse must finish first to collect. Also included is a guide for estimating the cost of wagers that involve multiple combinations like boxes and keys and a chart of payoffs for $2 win bets.

Superfecta Box

4 horse box – $24

5 horse box – $120

6 horse box – $360

Superfecta

You play four horses. They must come in first and second in EITHER order to collect. This is a $2 minimum wager at most tracks.

Updated

November 24, 2015.

Trifecta Key

You play three horses. They must come in first, second, and third in EXACT order to collect. You chose one horse to win, called the key horse, who must come in first followed by the other two horses second and third in any order to collect. You chose one horse to win, called the key horse, who must come in first followed by the other three horses second, third, and fourth in any order to collect. Since this has multiple wagers in combination, it is a $1 minimum wager at most tracks and some even go as low as 10 cents for the minimum!

Multiple Combination Wager Costs

All costs are based on using a $1.00 minimum wager amount

Trifecta Key

1 horse over 3 others – $6

1 horse over 4 others – $12

1 horse over 5 others – $20

1 horse over 6 others – $30

1 horse over 7 others – $42

Trifecta Box

You play three horses… More Info

A Beginners Guide To Betting On Greyhound Racing

There are often multiple dogs that are involved in the race and the bets are made on the position that the dogs are going to arrive over the finish line. Many times, these prizes are outlined with the bet that is being made, allowing even beginners to determine the potential prize that is available with the bet that has been made.

The important odds to consider are the first, second and third for most bets that are being made. It is important to realize that the odds given for the race are accurate and the odds makers have years of experience in determining the results of the race and therefore the odds should be considered accordingly.. As one of the most popular types of animal racing in the world, greyhound racing betting has many different types of bets that can be made with many different types of outcomes. These odds are going to determine the likelihood of a certain dog coming in a certain place through the race.

Using the odds and learning about the dogs and the specifics of the sport can be a great way to get into greyhound racing betting online.

Many online racebooks allow the bettor to take part in betting practices without actually being in the local area, as they can showcase the matches online with the use of the streaming video that can be presented to clients, allowing the clients to watch the races that are being bet on, with ease.

Choosing between the many greyhound racing websites that are available is simple, when the reputation of the website is compared with the races and the bets that can be made.

How can you determine what the prize will be once the bet has been made? The prize that will be given to the successful bettor depends on two factors; the amount that has been bet and the odds that are placed on the bet that has been made.

Using these two factors, greyhound racing betting sites will determine the prize that is going to be awarded. Online betting sites with “racebooks” set the greyhound racing betting odds.

The odds are available through the race and are created by the sports books… More Info

Horse Racing Systems: 5 That Work

To the extent that most handicappers use pedigree at all, it’s usually to identify horses that may improve when switched to the turf, or those who may be expected to win as first time starters. The inside post combined with early speed is a particularly potent combination, since the horse will not have to exert himself as much to gain his preferred position at the front of the pack.

Nunamaker reported that the inside post in dirt route races won at a 20% greater than expected rate, and lost only 10 cents on the dollar, much better than the track take. I was able to replicate this result in my own study of nearly 100,000 races conducted a decade later.

Instead of blindly betting all horses breaking from the inside, you might use this to supplement your handicapping, paying particular attention to the inside horse, and betting it when you like the horse on other handicapping grounds. Let me let you in on a little secret about these “magic formulas”. This is somewhat counter-intuitive since you’d expect that horses with good pedigrees that end up in the maiden claiming ranks probably can’t run at all.

Second, the very nature of the parimutuel system itself means that any profits to be made from following a particular set of rules will quickly be arbitraged away as the followers of that system drive down the odds of horses chosen by the system.

Horse Racing System #3 – In maiden claiming races, bet the horse with the best pedigree. The inside post in turf routes actually showed a small profit, but this was based on a small sample size and cannot be relied upon. My computer studies of pedigree, based on nearly 100,000 races, suggest that using pedigree in that manner offers no advantage to the player.

The horse with the best last race speed figure (whether Beyer, BRIS, or Equibase) may not be the best horse in the race, but he’s probably not far off, so we can use that as a proxy for selection purposes.

Horse Racing System #5 – Bet Horses breaking from the inside post in route races. Because speed figures have gained in popularity over the years, anyone following that system now would have trouble coming up with gas money for the ride home from the track.

In the first place, the parimutuel takeout in horse racing is large (over 15%) and the mutuel pools are relatively efficient, so that even systems with a strong basis in reality can’t overcome the size of the takeout.. I’ve identified some of the most useful handicapping factors that have a proven history of doing much better than the track takeout and put them together with some simple rules that should make your trips to the racetrack more fun and profitable. In most case the public seems to take a horse’s last running line at face value. It must follow, therefore, that if we bet the best horse that has started at least twice, we stand an excellent chance of beating the takeout, particularly in races that have several first and second time starters.

This causes the favorite to be under bet in the place pool, leading to a profit opportunity for us to take advantage of by betting the favorite to place. The horse with the best combination of the two is the play.

For as long as humans have bet on horse racing there have been system sellers trying to con the gullible into parting with their hard earned money with the lure of easy profits to be made on the sport of kings. This offers opportunity to more diligent players.

How do we identify the best pedigree, then? If you’re using the DRF past performances, use the stud fee as a proxy for quality, and the Tomlinson figure to judge suitability for the distance and surface. It should go without saying that you should actually like the favorite’s chances after evaluating the race with your own handicapping.

In that spirit. If the tote board suggests that the public is overlooking these mitigating circumstances, make your play.

For instance, many speed figure handicappers reported making horse racing profits in the 60′s and 70′s simply by betting horses with the best last race speed figure. With the BRIS pp’s you can use the Sire Production Factor in concert with the pedigree rating. Thanks for reading, and see you in the winner’s circle.

Horse Racing System #1 – In maiden races, bet the horse with the best last race speed figure that has had at least two career starts. They will, however increase the chances of a profitable day at the races by ensuring that your wager dollars go where they have the best chance of success. This is another mistake that bettors make: in a race with a clear standout, many people give up on the win pool and bet their choice to place, thinking that they’ll get paid even if the favorite wins.

Horse Racing System #2 – Bet horses that have an excuse for a poor performance in their last race. My study suggests that’s not the case.

Looking for a dead simple horse racing system that will allow you to quit your job and make a living betting the horses in just 10 minutes a day? Good luck with that!

Look for comment lines like “bled”, “lost rider”, “clipped heels”, “stumbled”, “steadied”, “between horses”, “rank”, and “jumped shadows” that suggest that a horse’s last race was not indicative of its true ability. None of them work.

First time starters return only about 60 cents on the dollar, and second time starters are only a little better, returning less than 70 cents on the dollar. This system takes advantage of one of the few glaring inefficiencies in the parimutuel pools, namely that first and second time starters are badly over-bet.

Horse Racing System #4 – Bet low-priced favorites to place. Few bother to even look at the comment line for … More Info

Legalized sports gambling would be winning bet for NBA & NFL

But New Jersey might not get a long-lasting edge. And he hinted that his league might be less opposed than in the past, primarily because of the interest gambling generates. This week, Gov. What New Jersey hopes is that the opportunity to bet on football and basketball will bring in bettors who also throw a few bucks into slot machines and at blackjack tables.

Even if the obstacles are cleared, sports betting is not likely to be a cure for Atlantic City’s casino problems.

CNNMoney (New York) First published September 9, 2014: 3:18 PM ET

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NBA Commissioner Adam Silver recently said it’s inevitable that legal sports betting could spread beyond Nevada, the only state that now allows it.

“Everybody knows here that if you have a gentlemen’s bet or a small wager on any kind of sports contest, it makes you that much more…engaged in it,” Silver said at a sports forum in New York.

Leagues have opposed sports betting because of the possibility it could compromise their games’ integrity — a concern ever since the thrown World Series in 1919. 9, 2014 by Chris Isidore   @CNNMoney September 9, 2014: 5:26 PM ET

Don’t bet on that lasting. Chris Christie declared sports gambling decriminalized in casinos and racetracks.

Terms & Conditions apply

NMLS #1136

Legalized sports gambling would be winning bet for NBA & NFL – Sep. “That’s where we’re going to see it pay dividends.”

Related: Sports gambling vs. The National Football League and Major League Baseball declined to comment. That’s the main reason that despite being an attractive and growing market, no major sports team is based in Las Vegas

The first state poised to try to join Nevada is New Jersey, where casinos are tumbling into bankruptcy and cutting thousands of jobs. He says the casinos hope the problems can be resolved in time for the Super Bowl in February.

But an attorney for the state’s casinos, Lloyd Levenson, says there are federal obstacles to legalized sports betting that need to be resolved. the stock market

NBA spokesman Mike Bass wouldn’t say if Silver’s comments represent a formal change in policy in the league.

In Nevada, the sports books are the least profitable part of the casinos, accounting for just 2% of revenue. States surrounding New Jersey all have casinos, and could act to legalize sports betting if they thought the Garden State was winning big… More Info

Lions’ upset over Saints completes 20,000-to-1 parlay, paying $100K

She had the Falcons as a three-point underdog, and the Texans and Redskins as one-point underdogs; they won and covered. They scored 61.

The final game of the parlay was on Monday night, where she had the Lions as a three-point underdog. She cashed in by being on the right side of the point spread in 14 games and correctly picking the over in the  Steelers/ Broncos game.

For William Hill sports book director Nick Bogdanovich, this weekend wasn’t a good one, to say the least. Even though she was getting higher odds for picking against the spread, she said she spent time just picking who she thought was going to win the game instead.

The closest game she had was the Steelers, who were six-point favorites on the card, beating the Broncos by a touchdown after spotting Denver a 17-point lead. They beat the Saints, 35-27.

Bogdanovich said the $5 15-team parlay card for $100,000 has hit before. The Packers won by 10 as a three-point favorite.

Her dream, she says, is to make Vegas a pit stop on the way to owning a beach house in California.

Thanks to one of the most improbable betting stories, that might happen sooner rather than later.

The against-all-odds story gets better: Polia said this is only the second bet she has placed in her life.

An hour later, Polia, with $20 in her account, risked $5 on the parlay. Not only did Polia’s payout come through, but a 15-game parlay where bettors just have to pick the winners also hit. “So I thought it was strange when I looked at it [Tuesday] morning and saw that I won.”

Aside from the Giants as five-point underdogs, Polia’s card had the Vikings as a five-point favorite, and they won by 21. Polia had the Giants as a five-point underdog.

“I remembered that I picked the  Giants and they lost,” Polia said. William Hill paid out a couple times in Delaware, where betting on the cards is permitted.

Polia then called up William Hill and the person on the other line informed her that she was picking against the spread. “Of course, he didn’t believe me.”

The 26-year-old Polia, who had just moved to Las Vegas two months ago, got 20,000-to-1 odds on the parlay card on betting firm William Hill’s mobile site. A progressive pot of $170,782 was split by 17 people.

One of the biggest long shots in betting history will be cashed on Wednesday afternoon when Tayla Polia gets paid $100,005 for her $5, 15-leg NFL parlay that came through this week.

Polia said she has loved sports her entire life — a Celtics logo tattoo on her hip is a testament to her love of Boston, which she left because she got sick of the winters.

Polia said, upon hearing the news, she fell to the floor of the law firm where she works in disbelief and, minutes later, said she was going out to lunch.

“On Sunday morning, my boyfriend and I were sitting on the couch talking about how spreads worked,” Polia said. The Panthers beat the Giants by three. She bet that both teams would score more than 45 points. Polia also was required to pick the over or under on that game. The Chiefs, as an eight-point favorite, crushed the Ravens by 20.

. Her card had the Cardinals and Bengals as four-point favorites, and they won by 23 and 10, respectively.

“I somehow drove back home to tell my boyfriend in person,” Polia said. “He was frustrated since I wasn’t getting it right away.”

The Chargers, as a two-point favorite, beat the Dolphins by 16. The Patriots and  Seahawks were 14-point favorites and they both won by 17… More Info