Racebook betting is a research intensive form of gambling. It requires that the player collect and analyze information and then use the conclusions to decide what to bet on, what type of bet to place and how much.
To give yourself the best chance to be a winner, you need to take into account three main factors, analyze them and create actionable data. These factors are:
- The betting odds offer (Price)
- The value of the betting odds (overpriced or under priced?)
- The type of bet (single, multiple, combination, etc.)
- The betting odds offer will need to be at least 2:1 to make it worthwhile. Sometimes you may need to make a selection with a slightly higher risk to prop up the price.
You are going to want to limit the commission to the sportsbook. Try to stick to odds holds the sportsbook commission to a minimum, or, in the best case scenario, eliminates it altogether. Take advantage of situations where the selection has been ‘steamed’ unnecessarily. When this happens, the ‘favorite’ price lengthens.
Simplicity can be key in betting situations. Some types of bets stand out as a sensible combination to use because they are easy, not too difficult to win and have strong winning potential: the Straight bet, the Doubles and the Future.