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For Horse Racing Handicapping Success Think Like a Bookmaker
How long have you been playing horses and do you know how to make a profit by handicapping horse racing? If you were to set odds on a horse race, take bets on the race and then pay out the winners, could you do it and make a profit? This is exactly what odds makers do all the time. In gambling cities like Las Vegas, where wagering and sports betting is legal, odds makers set up a morning line or odds line and then have to pay out winners while trying to make a profit.
Take a minute and think about it. They have to be competitive because they compete for bettors’ money. Bettors will go where they get the best odds. Years ago, when betting was legal in many states, before pari-mutuel betting and the modern days of horse racing, there were men who made their living knowing what the fair price of a horse and setting that price. They didn’t make much money sometimes and even went bankrupt from time to time.
On the other hand, many of them were great handicappers. Lay betting in other countries, such as Great Britain, is similar to this. Punters can offer themselves odds on a horse’s chances of winning or not losing a race. Bettors who do it well make a profit, sometimes a lot of profit. If these people can set a money limit well enough to make a profit, it shows that it can be done.
Sometimes they lose, which shows that a good handicapper can beat them.
So if you want to cash in on crippling horse racing, you need to learn how to set your own morning line and do it well enough to beat the book. It’s really not that different when you bet against the crowd. The principle is always the same. They put a price on a horse based on their estimate of its odds and you have to decide if they are right.
The best way to do this is to have your own morning line. At first it can be daunting because the crowd is very good at pricing a horse, but if you give yourself at least a month, say 25 days or racing schedules, you may find that you develop a talent for this and that you can set good odds. Once you learn this skill, you can start profiting from your horse racing handicap.
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