The gate springs open, the horses shoot off, and the spray flies as they hurtle down the racetrack…
The chairman of the races’ organising team, Hajji Sukri, denies that the children taking part in the race face any danger, saying they are all skilful riders and none have been killed or seriously hurt.
This could be a scene at any racecourse around the world, but with one important difference: some of the jockeys racing near the Indonesian town of Bima are as young as eight years old. The reason why? Because child jockeys are lighter, says a district government official.
This gambler collecting his money after winning on a race is among the crowds of cheering spectators gathered around the track. The races, which this year lasted 11 days, have been held at the end of the rice-harvesting season for as long as anyone can remember and no one here lets laws against gambling spoil the fun.
The ones who depend upon luck or some other esoteric method are more like lottery players than handicappers, but the thing they all have in common is that all there money goes into the same pool and some from each group will be successful while many will not.
On the other hand, the ones who depend upon luck invest nothing but money and very little time. There are many more people, perhaps millions around the world, trying to make money betting on horse races depending upon luck or some other system to be a winner.. The thrill of winning is probably pretty close to the same for each group, though the handicappers also have the satisfaction of working hard and getting rewarded for it.
The way you make money handicapping and betting on horse races is in finding a good bet.
The big advantage that the handicapper has over the gambler is that he or she has an idea of each horse’s chances of winning and therefore, how much a horse has to pay to win in order to make money on such bets in the long run.
For some people, horse racing handicapping is an intellectual sport and they prepare themselves and work hard at it. That edge is what separates gamblers from handicappers and is why, in the long run, handicappers win more, but in all fairness, they don’t just win it, they earn it.
Your chances of success are much greater if you educate yourself, prepare, practice, and work hard, but there are no guarantees. The only work they do is to walk into the club house and maybe read a simple list of horses and riders. If the success rate for handicappers is 5-10% then it is probably 1-2% for those depending upon luck.
There are thousands of people trying to make a living from horse racing by handicapping the horse races and then betting on horse races
For example: “For race 3 I want to bet $2 on horse number 7 to win.”
A day at the track is a ton of fun. Most prefer to make this bet for horses they don’t totally trust.
If you are at the off-track betting facility then you will also need to indicate the location (which horse track) of the race.
The ‘win’ bet is simply that: a bet to call the winner of the race. To make a ‘win’ bet at the track you’ll need to give the teller this information: race number, horse number, type of bet, amount of bet. The following will outline the most basic bets you can make at the track.
Things You Will Need
Most off-track betting facilities offer $2 dollar straight bets. Very few dedicated professionals throughout the country can count on handicapping horse races as a source of income.
A day at the horse track is a great time. Win bets will be worth the risk if the odds are a little higher.. If you are going to place a ‘win’ bet I highly recommend you check the odds to make sure the payout will be worth the risk. Knowing how to bet properly makes a day at the track even better. It’s important to remember that odds given are mostly for ‘win’ bets. For the risk, that’s really not much of a payout. At most racetracks they make the ‘place’ & ‘show’ bets visible on the scoreboards. For instance, if you choose the favorite to win and the horses odds are 2-1 that means you will get $2 or every $1 you bet. Good luck!
Tips & Warnings
Remember to begin betting with small amounts of money to help get an idea of the odds, payouts and chances of winning.
Also, betting on horse races is only meant to be recreational. Again, this bet will not pay much when the odds are too good. If you bet the smallest amount allowed ($2) your payout will only be $4. If you go to the race track it is likely they will offer 5 & 10 cent bets on more exotic wagers. If your chosen horse has 7-1 odds and you make a ‘place’ bet you will not get 7-1 odds if you win. This bet won’t pay much unless your horse has long odds. You can have fun betting at the off-track facilities, especially if you go with a group. When I use the ‘place’ bet, it’s typically for horses with longer odds.
Making a ‘show’ bet means you are predicting the chosen horse to come in either first, second or third. Like the ‘place’ bet, you need to make sure the odds you get are specifically for a show bet. You will only win this bet if your horse places first in the race. If you fully understand these three basic bets you’ll be prepared. However, I highly recommend visiting your nearest horse track since the live experience is unmatched in it’s excitement.
When you make a ‘place’ bet you are predicting the chosen horse to come in either first or second place