Horse Betting 101
April is Kentucky Derby Prep month. Absolutely free slots for fun. The biggest, most important, Derby preps of the year take place in April. Then, the first Saturday in May is the Kentucky Derby. Today we look at our Horse Betting 101 tips to maximize your sportsbook profit.
Two weeks after the Derby is the Preakness Stakes. Three weeks after the Preakness is the Belmont.
In the next 9 weeks or so, online bookie agents could make more money in their racebooks than they will during the rest of the year.
A win bet is just what it sounds like; you are making a bet that the horse of your choice will come in first. Place and show bets are a bit broader. A place bet signifies that you think your horse will finish in either first or second place; a show bet means that you think the horse will finish in the top three.
Horse Betting 101
Check out the tools you, the agent, will need to make the awesome online racebook profit. Video game gambling app play.
Horse Betting 101: The Sportsbook Tools You Need During The Races
Betting On Horse Racing 101
These are tools that every PayPerHead.com agent can utilize to increase, and protect, profit during the Triple Crown.
There are actually only two tools that you’ll need.
- Miler: A horse that prefers to race at or near a mile in distance. Minus Pool: When enough money is bet on one horse that the pool is insufficient, after the track take, to pay the holders of the winning ticket the legal minimum odds. In this situation, the track is required to make up the difference to ensure that the bettors are paid the full.
- Handicapping 101 Experienced bettors believe that a horse’s past performance indicates how it will perform in a race. By scanning a horse’s previous race results, you might be able to pick a winner too. However, because it’s not an exact science, no horse is a sure bet. Especially if you’re just starting out.
- The odds for any particular horse are not based upon that horse’s abilities. Rather, they are based on how much money is bet on the horse. Win odds are posted on TV monitors and the infield tote board. These odds are updated every 30-60 seconds and will fluctuate from the time you wager until betting ends. When you win, your payoff is.
Horse Betting 101 – Mass editing tool
When it comes to managing the racebook, there’s no more important tool than the mass editing tool. The reason is that controlling the amount wagered on individual races is the best way to ensure profit.
In sports betting, bookies make juice, or the vig, off every wager. Usually, the juice is 10%. That’s not so in horse betting and as a per head agent, it’s 101 to manage amounts wagered and amounts won.
The reason is that you can’t use a line mover to change horse racing betting lines.
You also can’t use a layoff account on a race.
How do agents manage online racebook wagering?
Another horse betting 101 as a bookie is to set max betting limits on single races. What this means is that a horse player can only invest up to a certain amount in a race. The amount could be something like $500. That’s it.
You must then set a max betting limit on how much a horseplayer can win betting on the race. Quadrupling the amount of money set as what horseplayers can invest into a single race should do it.
If they can invest up to $500, their max payout is $2,000. Agents should consider throwing in an extra $500. Hitting it big at the track doesn’t always happen.
The reason why the mass editing tool is so important is that you want to treat horseplayers all the same. Getting rich by betting horses doesn’t happen. There are winning horseplayers, but they play the long game.
No horseplayer wins every day.
TV listings tool
It’s obvious why the TV listings tool, found in the Prime Plan, is important. Not all races are shown on television. Derby prep races and Triple Crown races most definitely are.
You want to encourage non-horseplayers to make bets on televised races. That’s where you’re going to make the most profit.
You can currently upgrade your sportsbook software to a premium package for half the price. You’ll have access to the TV listings tool that will help you market to your casual bettors.
Get the Prime Plan for just $6.50 per head today.
For online bookie agents, TV listings and the mass editing tool are pretty much all you need to make huge amounts of money in the next couple of months.
Be sure to brush up on your horse racing popular bets, as well as our horse betting 101, and you’ll be able to secure the most profit as possible during the races.