Handicapping races is a fun way to make new friends at the track, and a good way to score some extra cash. But it’s also a bit of a mystery to most people. That’s why you’ll see spbo handicap articles popping up all over the web. If you’ve ever been curious about how it’s done, now you know. This article will cover what handicapping is, the different types of handicapping, and how to become a successful handicapper.
What is handicapping?
Handicapping is the art of predicting the outcome of various racing events. The goal of handicapping is quite simple – make money. No matter how savvy the handicapper, there is only one way to make money from handicapping: by winning.
Handicapping is a fascinating hobby, and one that can provide surprisingly good returns if you learn how to do it well. There are many different handicapping methods – each with its own advantages and disadvantages – but all handicappers essentially follow a three-step process.
Types of Handicapping
Pari-mutuel (Book) – The pari-mutuel system is the method most racetracks use to collect bets.
Arbitrage (Online) – This is betting on races that are run at different tracks, generally on an exotic route.
Owned (Online) – This is betting on individual horses or dogs that you own.
How does handicapping work?
The handicapper’s job is to determine what the betting public thinks will happen in each race. The handicapper then uses his knowledge of racing to determine what the result of that race would be if it were run today.
Tools like form charts and racing statistics are helpful for handicappers, because the more information you have, the easier it is to handicap.
You’ll also want to pay attention to what the public’s betting on. If most people are betting that Secretariat will win the Belmont Stakes, but you think GUT will take the race, you’ll want to adjust your betting accordingly.
Tips for Handicapping Success
Know the Rules – Some of the more basic handicapping concepts, like the definition of a favourite, are rarely discussed in handicapping articles. This one is for sure: favourites are usually the ones that win.
Bet Big – It sounds cliché, but betting big is the best way to make money off handicapping. The more money you bet, the bigger your profit if you’re right.
Be Flexible – If you get too attached to a horse or a dog, or you’re absolutely sure they’re going to win, you’ve got to be willing to make adjustments. This is especially true if you’re betting on an exotic route.
Have Fun – Remember that handicapping is a hobby, not a job. It’s not supposed to make you crazy, and it’s supposed to be fun.
Handicapping races can be profitable if you know what you’re doing. You just have to be willing to put in the work and stay flexible. That said, most of the work will be up to you. With a little practice, you can become a successful handicapper.