Most people who wager on horse races can readily see that cashing a ticket on a horse that paid $18.60 to win is preferable to cashing a ticket on a race where the winner paid $3.40. What most people cannot deal with is the number of losing races they must encounter between celebrations. However, finding horses that pay boxcar prices ($10.00 or more) is crucial if you intend to show a profit over an extended period of time. Yet, how do you find a large enough percentage of long shots to keep your bottom line happy?
Clearly, when a horse wins a race and pays $18.60 to win, someone is cashing tickets on that horse. When you take into consideration the sad fact that the number of people who attend the races is dwindling, you cannot not assume it is little old ladies playing their grandkid’s birthday, or some old codger who always bets the number five. While there may be an occasional wager made by such gamblers, most winning horses that pay between $10.00 and $50.00 show something in their past performance records that indicate it is possible for them to win the race they have been entered into.
Some professional handicappers spend hours searching for just the right circumstances, and may only play one or two races out of the hundred or more races offered throughout the country on any given day. Others, including me, watch the tote board, looking for horses the general public has chosen to ignore; horses which, based upon the morning line odds assigned them by the track odds maker, show something worthy in their past performance records that warrant their being included in the upper tier of horses for a given race.
If you want to become a winning horseplayer, you need to find out what works for you. I suggest you start by ignoring the obvious horses in the race and experiment by making paper bets on horses that you find have potential, but which have been overlooked by the betting crowd.