Why horse racing is the most challenging sport for bettors?

Why horse racing is the most challenging sport for bettors?

March 20, 2019 3:00 AM
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Why horse racing is the most challenging sport for bettors?

When it comes to sports betting, which sport poses the biggest challenge of winning? We’ve heard the NBA, which humorously doesn’t stand for National Basketball Association, it stands for No Betting Allowed (something that changed slightly this season). We’ve heard Major League Baseball and yes, we agreed that is a difficult one.

Also, high up on the list is NASCAR Racing and golf with such big range of competitors, male and female, they can be difficult to figure. However, to us it’s the sport of horse racing, hands down.

With fields averaging 8.3 horses per race, down from 10.6 in the last 50 years, it gives you an average of winning percentage of 12% or logically one out of every eight. In just about every other sport, you have a 50-50 chance.

Think about it, if you want to play the Dallas Cowboys for example or Alabama Crimson Tide or any other sport with two teams involved, you can lay points or take points. If you are totals player, you would bet under or over, and either way you’d win or lose but in all cases you would a have 50-50 chance of winning. …a much better chance than the 12% Horse Racing typically offers.

Albeit, the PGA and Auto Racing offers far bigger fields you must remember those grounds are controllers just by human beings. Although there are jockeys and trainers involved, horse racing is controlled mostly by the horse itself. In other words, you can have a horse in a race that looks unbeatable going in, but if the horse wakes up on the “wrong side of the stall”, so to speak that morning, and just doesn’t feel like running, how are you able to know that?

If Tiger Woods woke up one day and had the flu going on, he’d probably pull himself out of whatever tournament he was entered. If a Major League pitcher’s arm was sore on the day he was supposed to pitch, his manager would sit him.

Not only is horse racing the most difficult sport to be successful on, more specifically, the Kentucky Derby, which will be run for the 145th time in about seven weeks from now (4th of May), poses the biggest challenge.

It consists of 20 three year old horses, all that are equivalent of about an 11 year old children, running one and one quarter miles for the first time in their lives, in front of a crowd of upwards of 150,000 yelling and screaming people, on a track the majority have never ran over before and most very far from home.

Still, the hardest part of betting on horses is not about picking the winners. Horse experts can study them for years and it might be easy to predict the champion, especially when there are one or two heavy favorites. However, the real risk in horse betting is finding which of the competitors has a chance higher than the ones that the odds predict, which raises the possible profit. In horse racing, more than in most sports, there is always a high chance for an underdog, or a dark horse (where do you think this expression came from?), mostly cause due to the nature of the animals it is more difficult to analyze when they will surpass the expectations.

Yes, in other sports the payoffs, for the most part, are even money and a horse racing winning bet has a bigger “reward” as you can pick a horse that is say 5 to 1 or 6 to 1 and that would, of course, pay more than even money.

Nonetheless, 5 or 6 to 1 of nothing is still nothing. Your chances are still roughly 12% of a regular everyday horse race but plummet to just 5% (or one out of 20) in the Kentucky Derby. So, if you bet on human sports as in football, basketball, baseball and so on and you are up for a bigger challenge, try betting on horses.

Conversely, if you are a horse bettor and you want a greater chance of winning you should probably consider trying human sports. Either way, just remember that the grass... or money… is not always greener on the other side.

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