Betting on the favorite horse seems to be the logical way to go when it comes to horse racing. After all, the odds are already in the horse’s favor, right? So then, your chances of winning are quite high already. It really makes sense. However, though this argument makes total sense, there are other factors which you must consider. First and foremost would be the fact that countless other people would be thinking the same way as you do. The result of this would be less winnings. How so? Let us say that the favorite horse that you bet on does win.
So you get a part of the money. However, the chances are that hundreds, or even thousands, of people also bet the same way as you did! Now you would have to split the earnings with each of them. There goes the huge amount of money you were hoping to get. These principles apply to all forms of risk and online poker is no different.
So how do you bet on favorite horses without having to spread all that cash around with other people? There are several factors that you must take into consideration. First of all, just because a horse is a favorite does not mean that you should automatically bet on it. Take note of all the favorites in various races and then narrow your choices even more. How do you do this? Come up with a set of qualifying factors. Eliminate certain risks that might just make the horse lose. As a result, you will have a few secure favorites on your hands. That makes for higher chances of winning. But don’t bet just yet!
Take other factors into consideration. One thing to look at would be the horse trainer and the jockey. Their past records would be a good indication of whether your favorite has good chances of winning or not. After taking a look at these two factors, also take into consideration the recent forms. That is, the past three or so races of the horses. Another factor to look into would be the track or course that would be run. See if the favorites are best suited for this track.
Now it is time to actually place your bets. Maximizing your wins would also mean increasing your bets somehow. It is simply not realistic to expect large amounts of winnings with a mere dollar. Bet not merely to win but to place. It might mean a little bit more investment on your part but if your selection process is sound, then your returns would be bigger than usual.