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Do you know how horse racing betting statistics can help you win big?
Every sport records significant accomplishments and other details in a match or game. Statistics are a big factor of any sport, including horse racing. This sport needs to record detailed data because it helps determine winners and losers of the race. It also helps people make educated decisions with their horse racing betting activities.Â
Horse racing is one of the most popular ways to earn money, such as owning a stable, trainers, and punters. Whichever field you choose to make money in, you need to know more about horse racing statistics to help you become more successful with this endeavour. Many people have high enthusiasm and fascination with horse racing. That’s why it is imperative for you to know horse race betting statistics before engaging in such activities. Here is some basic information about horse race betting statistics for your handicapping.
Horse Race Betting Favorites Win Percentage
Team sports have higher chances of predicting the correct outcome of the game, but horse racing is considerably less predictable. In most cases, horse race betting favourites would always prevail in more than one thirty percent of races. This creates upsets of more than sixty percent of the race results.
The win percentage of the horse race betting favourites can also change depending on the surface, class, distance, and many more factors. The number of horses that will participate in the race can also affect the winning percentage of the horse race betting favourites. Favourite horses couldn’t race better than expected, and the least choice couldn’t race worse than expected.
This is common information for horse racing, which will help you make good decisions about odds and percentages. Horse race betting can give you great opportunities in earning money, and it would be better to place your bets against the favourites that will lose the race. This happens most of the time, and betting on the horse that would finish 5th place can win around 18 percent most of the time. You may choose the general percentage chance to beat the crowd favourite and increase your chances of winning.Â
Jockey Win Percentage
Handicapping any race is important for all bettors to determine the best possible ways to win with their wagers. It is also vital to know jockey statistics to increase their knowledge and be ahead of the other top contenders.
This gives bettors more confidence with their bets and increases their chances of winning. The best jockeys often ride the best horse and would frequently win races. If you find a jockey with a consistent 25% winning rate, you will have a good chance of winning a bet one out of four times. Â
Many jockey stats are available from various sources with detailed information. Jockeys can deliver their top performance under certain conditions. For example, a jockey can have a chance to score at 20% with a 15% overall when racing on turf.
In-the-Money Percentage for Jockeys
Horse racing is about finishing first, but it is also crucial for other wagers for the horses who finished second and third place, like the exacta and trifecta. The exacta bet on horse racing gives good opportunities to learn more about exotic horse race betting. Bettors can also have the chance to win big for a small wager.
An exacta is about choosing the first two finishers in the correct order and are prevalent in the Belmont Stakes, the Preakness Stakes, and the Kentucky Derby. The trifecta bet on horse racing is when a bettor places a wager on three horses that they think will finish first, second, and third place. The bettor wins if the horses win in that specific order.
North America’s top 20 jockeys finished first, second, or third 48.2% of the time in 2019, and the top five jockeys have more than 50% “in the money” finish. Other racing circuits recorded more than 60% finishes.
Win Percentage for Trainers
Trainers have better win percentages than jockeys, which gives them the ability to select the best spots for their horses to enter races. The top 20 trainers of North America have an average 21.3% win rate, and others would even exceed more than 25% in 2019.
Trainers can also perform better in different conditions. A regular trainer would usually have a 20% winning rate, and the beginners would have an 8% winning rate.Â
In-the-Money Percentage for Trainers
The top 20 trainers of North America have 52.7% first, second, or third winnings in 2019. A successful trainer exceeds the 60% mark.Â
Combo Statistics for Jockeys and Trainers
There are trainers that continuously enlist one or two jockeys to race their top horses. Jockey and trainer combinations have different performances and result in more than a 25% winning percentage when they are hot.
Most bettors would consider checking the jockey and trainer combo to help them determine if they have higher winning percentages.
Return on Investment (ROI)
Bettors must know how to gain a steady profit in horse race betting. Jockeys and trainers can yield a +0.74 ROI return of $2.74 for a $2 bet from every bettor. Situations that generate a -0.92 ROI can trigger a $1.08 playoff for each $2 win wager or a $0.92 loss.
Winning Distance Statistics
Racehorses go through different distances on every track, which is why they are bred and trained to perform well. A foal that has an average winning distance shorter than 7 furlongs will most likely have milers and sprinters. A stallion’s progeny with an AWD between 7 and 7.4 would usually triumph over different distances. An AWD of 7.5 or higher shows that a stallion is passing on stamina to his progeny.
Handicappers would usually have post position statistics as part of their references where they would usually consider the post 12 wins are just 5% of the time or a 20% rail winning rate. These numbers are influenced by many factors such as sizes, field sizes, or numbers slant that favours inside posts.
There is an 8.3% chance of finding out the winner in a race that has 12 starters. But a race that has five starters, there is a 20% chance for each post. This means that inside posts have higher expectations of producing higher winning percentages than the outside posts.Â
Know the History of a Horse
Part of handicapping a horse race would be knowing the history of the horse and finding out its strengths and weaknesses from its past races. You should consider many factors before placing your bets on a horse, such as its experience and record, what tracks it raced before, how it performs during the race, and many more.
You also need to know the past and current condition of a horse, if they have enough rest or how much they worked out lately. Find out their race schedule if they have raced recently or they haven’t for quite a while. It is also important to know if the horse suffered any injuries or other health conditions that will affect its performance.
Track Conditions
Not all tracks are built equally for all kinds of racing, and there are also certain racers that perform better at various tracks based on many factors. The same goes with horse racing, as jockeys and horses face different track surfaces such as dirt, synthetic, and turf. Weather conditions also affect other track locations that heavily affect the horses’ performance.
You need to be prepared with these track conditions by gathering information about the jockey and the horse. Know how they fared in similar conditions in their past races.
Proven Owner
A successful bettor always has important data and information in making the right decisions in horse race betting You must do your research on some horse owners to determine how a horse would perform in a race. Horse owners make decisions on how much money they would want to spend for their horse’s overall development. They decide about the lodging, the quality of food, and how much they will train for race preparation.
Horse owners also get to choose the trainers who will give proper conditioning for their horse. Trainers are a crucial part of a team in developing solid contenders in the track.Â
Be sure to check out many owners first before placing your bet. Some may have mishandled their operations, but there are also many successful horse owners who seem to have the right formula for winning races.Â
Running Style
You must also pay attention to how a horse performs during a race. There are horses with strengths on various track conditions, and there are those with balanced training that gives them a fair chance of finishing a race in the top position. Many horses start strong and tend to fall off late in the race. Then some maintain constant speed the whole track.Â
Final Thoughts
Horse race betting takes a lot of research, understanding its statistics, and observing the trend to help you avoid making mistakes. You will have a good picture of how a horse would perform during a race with the help of its owner, trainers, and jockey. You can find many sources of horse racing statistics and be able to pursue placing your bets.
