Horse Racing: Win Bets and Place Bets
It’s said that the best bet in horse racing is the win bet. For one thing, it’s a simple bet. It doesn’t involve multiple legs like a pick 3 or pick 4 and it usually has one of the lowest take out figures. Exotics like trifectas and multiple leg bets often have a higher vig. (amount the track takes out of the pool). Therefore, you get the most bang for your buck, as they say.
On the other hand, many people who bet to win also back up the bet with a place bet. The place bet is a straight bet, just like the win bet, but the breakage is higher. Breakage is the rounding off of a payoff so that the track can payout in nickels or dimes rather than pennies. 먹튀검증
The race track gets to keep a little change that way and it is a part of the price we horse players pay to wager on a race. The more ways you split the money, the higher the breakage. Is the place bet worth it?
Since each horse race is a slightly different situation, there are almost no hard and fast rules to follow when you’re handicapping and betting. There are some generalizations we can make. Some pundits recommend that you back up your bets when the odds on your horse are over a certain amount.
For instance, if you identify a live long shot and it goes off at big odds, say 20-1 and manages to place, it’s a shame to sit there and watch it pay double digits to place when all you have is a win ticket on the runner. Double digit payoffs don’t come easy at the races and being able to find a horse that makes it across the finish line in the money and yet not cashing a ticket on it is painful.
I personally recommend that you bet a long shot to place in most cases simply because you’ll be able to live with yourself easier if it manages to place but not win and it pays well. I’ve tried just betting win on some long priced horses and it was a long drive home when I saw my horse place, getting nosed out for the win, and paying big when I didn’t have it backed up.
That doesn’t mean you have to bet as much to place as you do to win, however. You can put a saver bet on a horse by betting most of your money to win while putting enough to place to cover the expected cost of the bets. An example would be a horse at 10-1 that you bet $100 to win but back that up with $20 to place.
If the horse wins, most of your money is on the biggest payoff, but if it places, you’ll still get a decent ticket to cash, perhaps in the neighborhood of the total amount you bet. You may even make a little profit even though your runner didn’t win.