Jeff unveils his preferred approach to wagering on horses! Jeff is an expert in the world of horse racing and is now ready to share his preferred approach to wagering with the world. It’s quite simple. Let me explain.
Betting on horse racing can be a thrilling and potentially profitable experience. But in order to maximize your chances of success, it is important to understand the different types of wagers available. One popular wager is the Across-the-Board (ATB) bet. This type of bet is a great way for bettors to increase their chances of success and get better value for their money. This strategy works well in the long-term for fields of eight or more horses when there is no odds-on favorite in the race.
Betting horses across-the-board can often be a better value than putting all of your bankroll on the win wager. This is because it offers the bettor more options and a greater chance of making a return on their investment. Most horse players are just not aware of the ROI (return on investment) this bet has shown over the long haul. Lets dig a little deeper!
An Across-the-Board bet combines the Win, Place, and Show wagers into one single bet. This means that if your horse finishes first, you will collect on the win, place and show payouts. If your horse finishes second, you will collect on the place and show payouts, and if your horse finishes third, you will collect on the show payout. It’s almost like buying insurance. It may not be advisable to risk 100% of a bankroll on your horse to win. Instead, spread it out and put one-third each on 'Win', 'Place' and 'Show'. Remember, the post time favorite usually wins roughly 30% of the time, while hitting-the-board just over 60% of the time.
This is generally considered a better value than betting your entire bankroll on the win wager alone. The most obvious difference between betting across-the-board and wagering on just the win is that an across-the-board bet gives you three chances to win instead of just one. When you bet an underdog in the NFL, you have two chances to win; by covering the spread or winning outright. You need to be constantly looking for an edge when wagering on sports. Betting underdogs in the NFL and across-the-board in Horse Racing gives players an edge over the long run in my opinion.
When you bet on a horse to win, you are betting that your chosen horse will cross the finish line in first place. Not an easy task in this business. However, if your horse places instead of wins, then you will not receive any return on your wager. This means that if the horse you picked does not come in first place, you could potentially lose your entire bankroll. Nobody likes that feeling! If you’re a good horse handicapper, I would guess that your pick has come in second numerous times and probably some thirds as well.
By betting across-the-board, you are able to take advantage of potentially higher payouts associated with the place and show wagers. These wagers often have higher returns than the win wager due to the fact that there are more horses that can finish in first, second, and third place. By making an across-the-board bet, you are able to potentially increase your winnings while minimizing your loss potential.
Betting on horses across-the-board is a great way to maximize your returns while minimizing your risk. Rather than putting all your money on the win wager, betting across-the-board allows you to spread out your wagers and increase your chances of making a return.
Instead of wagering the entire $300 when betting on a 3-unit play, break it down into smaller portions; for example, bet $100 to win, $100 to place, and $100 to show. Adjust units according to your budget. This way, you can maximize your return while reducing risk. You should not be overly greedy when trying to make a profit in horse racing!
Good Luck at the Track!