Place and show wagers are not glamorous, or flashy like exotics; however, I think a re-evaluation of place and show betting is long overdue.
Betting place and show is obviously less risky than win betting, and will get you a much higher hit rate than betting to win or placing an exotic bet. The other side of the coin is that in order to make it profitable, you need to maintain that very high hit rate, and at the same time stay away from the small type payoffs of $2.10 and $2.20.
In addition, in order to get your wagers up high enough to garner significant profit levels, you will need to restrict yourself to major tracks on major circuits (or the special big-name stakes race days at the smaller tracks) where the pool size will support higher wager amounts without payouts being much affected.
When wagering by placing bets on lower odds horses, a relatively short collection of historical data in regard to your own betting will serve to provide close and adequately accurate projections of what you can expect. Since payoffs are relatively small, generally from $2.80 to $6.00, a test of a couple hundred races will be solid enough for predicting what to expect long-term.
Even though the tracks seem to be offering every kind of bet imaginable these days, they still do not offer place and show Pick 3s, or Pick 4s. Even if they did, you would be stuck with the currently less-than-acceptable rules for where your money goes when a scratch occurs after the series has started.
However, place and show parlays put you back in control since you choose the races you want to play and you can modify the wager even after you are into the series. Unlike Pick 3s or Pick 4s!
It is likely that some of you are already serious place and show bettors. Like for one like to place my bets on the horse placing place. I would suggest that if you are a serious horse bettor, that you read as many articles as you can on this site.
Have you ever been in a losing streak? I’m sure you have since most do! There is no better way to break a losing cycle, than to drop back to place and show betting for awhile. You immediately start cashing tickets, things begin to look a bit rosier right away. However, just do not bet any race for the heck of it. Remember, you should develop a profile for specific race types and of the horses who have all the best going for them in today’s race. You want super-solid types that, barring unforeseen racing luck, you will not often be disappointed when given today’s conditions and probable pace scenario.
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