Sea Side Scrap Book » The Basics Of Horse Race Handicapping

The Basics Of Horse Race Handicapping

One of the reasons that the popularity of sports gambling has skyrocketed in recent years is its accessibility. It’s easy to bet on most major sports because everyone understands the basics, which teams are good and why they win. Horse handicapping, on the other hand, is a completely different and somewhat arcane discipline. Where there are some shared concepts, success at sports betting doesn’t guarantee the same playing the ponies. Legendary sports handicapper Jimmy ‘The Greek’ Snyder was famous for killing the books with his sports plays–and giving it all back with his inept horse bets.

Below are some very basic concepts that you need to know to enjoy a day at the horse track. This information doesn’t even scratch the surface of what you’ll need to know if your goal is to become a serious horse betting devotee. If that is the case, you’re best advised to check out one of the many theoretical books devoted to the subject.

Arm yourself with information: The first step for any horse handicapper is to pick up a copy of the Daily Racing Form (DRF) and the track program. The publications give the names of the horses, jockeys and trainers, the morning line odds, and the types of bets available for each race. You’ll also have past performance charts, which are crucial for serious horse handicappers. These charts reveal a lot about a horse and what they’ve done on the racetrack, including its record, where it ran, the quality of competition it ran against, and what position the horse was in at various points in the race.

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You’re not playing against the house: One thing to keep in mind when playing the horses that is drastically different from sports betting is that you’re not playing against ‘the house’, you’re playing against other betters. The track just accepts and pays bets, taking out a cut (called the ‘takeout’) for their services. The track odds are determined by the money bet on each horse. Long odds on a horse doesn’t necessarily indicate a ‘bad horse’ but just one that for whatever reason isn’t attracting bettor interest.

So where do odds in the newspaper or program originate? These are known as the ‘morning odds’ or ‘morning line’ and is basically an educated guess as to where the betting will go. They can be helpful as a handicapping tool, but may or may not reflect what will happen in the actual betting.

Handicapping basics: There are so many different approaches to handicapping horse races that its difficult to even know where to start. Some handicappers emphasize past performance data. Others factor in the results of recent workouts, while others prefer a visual examination of the horses in the paddock.

Once the handicapper starts to work out what he thinks will transpire in a race, he has to weigh that against the prices available on each horse. A likely winner might not be a good bet if his price is too high. Conversely, a long shot could be an overlay if his odds–and potential payback–is high enough. It’s all a matter of doing the math–its importance in gambling alone justifies a greater emphasis on the subject in American high schools.

Training and bloodlines: Handicappers often focus on a horse’s breeding lineage, considering the quality of the bloodlines and the racing pedigree of his parents and grandparents. Others put great focus on a horse’s trainers. An ‘A-list’ trainer can often get the most out of a horse much in the same way an elite level NFL coach can cause a team to ‘over perform’.

The horse’s jockey: Jockeys are free agents, meaning that they get paid on their performance. In theory, this means that they’ll do their utmost to win in every given race. While there are a few exceptions, many serious horse handicappers downplay the importance of the jockey. Assuming the horse’s ‘mount’ is competent, there are much more salient factors to consider when handicapping a race than the jockey.

Dedication and Discipline: There’s not a set formula for successful horse handicapping, so try different things and find what works for you. And, as always, don’t go overboard with the money you wager and particularly until you get a feel for what you’re doing. If you’re interested in learning more, check out the Daily Racing Form website.

Ross Everett is a experienced freelance writer who covers travel, casino gambling and sports handicapping. He is a consulting handicapper for Anatta Sports where he is responsible for providing daily free sports picks. In his spare time he enjoys fine dining, falconry and deep sea diving. He lives in Las Vegas with four dogs and a pet coyote.

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