Horse Tote
Betting Pools Hold Hidden Clues to Good Wagers in Horse Racing Handicapping
Horse racing handicapping has many angles and one popular one is watching the toteboard and pools for good bets. Do you watch the pools before you bet on a horse to see if it is live? Many people won’t bet a horse to win unless they see that it is also being used in the doubles or other exotic betting. That may be good or bad depending upon how you look at it.
Many horses that are at low morning line odds and seem like an obvious choice as a contender will be used by the crowd to fill exotic bets. The handicappers selections are usually printed at the bottom of the program or the form you use may have a consensus that picks horses. Any horse that is found in those two places will be used a lot by the public that is too lazy to actually handicap the race and who prefer to go with the handicappers selections.
I don’t mean to disparage those people. If that is their form of handicapping and their level of expertise and effort, that’s fine. But if you are trying to find a good live bet think about how that horse that is at 5-2 and being used in all the exotics got to be that way.
It may all come down to the opinion of one person who set the morning line or decided the horse’s number should be at the bottom of the program. So, in other words, the horse isn’t being bet because a lot of people spent time handicapping the race and agreed that the horse was a contender. The horse is being bet because one person made it a contender, and who knows how much thought he or she really put into handicapping the race (probably not much).
If a horse is bet evenly across the pools, it probably means that it is a public choice. It may win the race but it is very hard to make a profit from betting on horses when you use such a horse. The best way to make money betting on horses and using the pools is to find that runner who has a strange or unexplained disparity in the amounts bet on him or her.
For instance, if you find a horse with very little in the win pool, but who is bet heavily in the exactas, it may be live, but the insiders who are betting it don’t want to give it away by flooding the win pool. They are looking for their profits in the exotics or will pound it in the win pool only when the race is ready to start and there isn’t enough time for the tote watchers to react. Your job as a handicapper is to be aware of where the money goes and to use that information to structure your own profitable bets. Many times, that starts with differences in the pools that don’t add up.
About the Author
The most consistent horse racing systems have to have the basics and a handicapper must understand the basics. I have been around horse racing for 50 years including as an owner. Without the basics the rest is not going to do any good. If you want to learn how a horse owner and insider handicaps just go to http://williewins.homestead.com/truecb.html and get the truth.
Bill Peterson is a former horse race owner and professional handicapper. He comes from a horse race handicapping family and as he puts it, “Horse Racing is in my blood.” To see all Bill’s horse racing material go to http://williewins.homestead.com/handicappingstore.html , Bill’s handicapping store.
Witch Hats – Ma Birthday (Live At The Tote 03/11/06)
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