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17/5/2008 edition

Horse Racing Betting Strategies

When big money is bet on a horse is that a winning betting tip straight from the race track? Does it pay for punters to follow the money and expect to win?

When the horse wins, so you can judge for yourself whether you should also "follow the money" horses on the tote over the long term, we have also included the the SuperTab tote dividends. Plenty of tote punters will have collected that tote dividend. Many of them would have "followed the money" on the tote.

Are they getting big enough winning dividends when they "follow the money" on the tote to cover themselves for when "following the tote money loses"?

The jockeys and trainers are also important. You may see some jockeys and trainers consistently bringing home plunges whereas others regularly fail to deliver.

Each week we feature tables showing just how successful the "smart money" was. To qualify a horse must have firmed 5% in the bookmakers' official betting market. For example if a horse was backed in from $5.00 (20%) to $4.00 (25%) it will qualify. You can also check tables of betting odds and what their percentages are at Odds calculator.

Randwick
Australian Derby & Doncaster Handicap Day
Saturday, 26th. April, 2008

Horse, jockey
and trainer

Firmed from % Firm SuperTab
Tote		 Finish
Von Costa de Hero
 3.70 2.80 8.68% --- 6/11
Craig Williams (jockey) David Hayes (trainer)
Bella Cantata
 2.90 2.50 5.52% --- 12/12
Blake Shinn Gai Waterhouse
With the bookies opening the markets very tight, at high percentages, no horse firmed 5% in the bookmakers' betting ring at Sandown Hillside.
 

It's unlikely you'll get a high enough strike rate backing short priced tote favourites and poor value tote horses to make up for big unders on the tote. Especially in Sydney and Melbourne metropolitan racing on Saturdays.

If you regularly get poor odds you increase your chances of losing money.

It's very unlikely you'll make a long term profit by consistently backing short priced tote favourites.

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  Disclaimer: This site covers various aspects of horseracing in Australia. We provide betting tips, online gambling strategy and links to many thoroughbred sites. OZmium Pty Ltd is not responsible for the content of the links and also accepts no liability for financial loss or misadventure caused by the information provided here. We strongly recommend you bet within your budget and only with money you are prepared to risk.