Posts Tagged ‘wps’

How to Not Go Broke at the Track?

The quickest way to ruin at the racetrack is to focus solely on the big payout bets. This includes the Pick Six and the superfecta. Your odds of winning these bets are extremely minimal, and thus should not account for a large part of your bankroll. The most efficient way to win at the track is to focus on the smaller, easier to win payouts, while using the large payout bets to supplement your winnings.

If you must bet the big wagers, it is done most effectively by selecting one or two horses that you think are far superior to the field. You can revolve your entire betting strategy around such a horse. However, you must have a large enough bankroll to justify such a strategy. Singling out a few key horses can help you to reduce the cost of a ticket. For example, if there are three races in a Pick Six that have two great horses in each, while the remaining three races each have four that could possibly win, your ticket would look like this: 1, 2/1, 2/1, 2/1, 2, 3, 4/1, 2, 3, 4/1, 2, 3, 4. Such a ticket would cost $512 (2 x 2 x 2 x 4 x 4 x 4), a very large price tag for the casual bettor. Suppose you can narrow down two of the first three races from two horses to one horse. Now your cost is only $128 (1 x 1 x 2 x 4 x 4 x 4), still a rather large investment. The casual bettor should stay away from the Pick Six unless they account for them as whimsical expenditures. In other words, you should not count on these large payout bets to win.

One strategy for winning these bets on a limited bankroll is to join a wagering pool for the Pick Six. This is best done with a group of friends at the track. The idea here is that everyone contributes a little bit to a single ticket, thus making the ticket more efficient without an individual having to make a large purchase. If a group of ten friends each contributes $10, suddenly, rather than ten combination’s, you have 100 combination’s. While this is still a difficult bet to win, your chances of winning have increased tenfold. You can spend the extra money you would have used on a large ticket to focus on more practical bets such as a straight win bet or an exacta.

The superfecta also requires a large bankroll in order to be treated correctly. A betting pool will work here as well, but if you must make this bet by yourself, there are some guidelines to follow. A four horse box costs $48 (4 x 3 x 2 x 1 x $2) for a $2 ticket, but even if you can select the top four horses in a field, the odds of those horses all finishing in the top four are extremely slim. This means that a key horse needs to be selected in order to make this bet more affordable. By choosing the best two horses in the field and placing them at the top you are now spending only $8 on the same four horse field. By reducing the cost of a ticket with key horses, you can increase your ticket’s efficiency by adding another horse to the ticket if you see that it has an outside chance of finishing fourth.