If you are serious about making money betting on horses you will not only need to learn how to handicap so you can evaluate the runners and compare them to each other, but you will also need to learn to bet to obtain the most profit for that risks that you take. Quite simply, you'll have to learn to handicap and how to bet.
Wagering on races is fun but can be also risky and profitable and a lot of what you'll get out of it depends upon the kind of person that you're. The potential risks that you take will be proportional for your comfort level and want for that adrenaline rush from plunking down cold income and watching a race. One popular method to wager on races is the wheel bet, or wheeling.
Wheeling implies that you place a horse on the top in an exotic bet, such as the exacta or trifecta and then if that horse wins, won by you, though that which you win depends not only around the odds of your wheel horse, but additionally on the likelihood of the horses that complete the exotic bet. That's really throwing caution towards the win and taking a gamble because, while you may know the odds in your top horse, you will have no idea which horses may complete the bet and for that reason, you won't possess a clue as to what the wager may return.
Wheeling is really a win bet on steroids and without filters. It may seem easy at first since you do not have to go to the trouble of figuring out which horses to play with your horse as you do whenever you play a vital bet and key the horse on the select group of horses, but you purchase that ease with many different combinations that do not and should not come in.
For example, in a trifecta bet with your horse wheeled on the top within an 8 horse race, you will find 42 possible combinations that may are available in, however when the race is finally official, only one of them will pay off. This means that you've spent an extra $41m if you play $ 1 trifecta wheel, for nothing. On the other hand, if you can narrow it right down to four possible horses that could complete the trifecta the wager costs only $12.
The issue, of course, is that the very horses you eliminate simply because they appear to have absolutely no way, pays the most when they do manage to get to your trifecta. Leaving out long shots means you'll miss the big payouts and only hit small trifectas. Admittedly you'll cash more tickets, and can you make an income?
Depending upon your ability to take risks and sit through some losing streaks, I suggest an agreement. Key your top horse over 4 other horses for your $12 bet, but instead of using only the top four horses, play two horses that figure to run well and find out if you can find two others that have grounds, regardless of how slight it might appear, to run within the money. It's a compromise between gambling and handicapping.