Horse Racing Gambling - Gamble in Dog and Horseracing

Horse and dog race betting is a type of sports betting but there are important differences. Horses and dogs are not people. They couldn't care less about some of the "desire" concepts that enter into other forms of sportsbetting. Also, in racing, it is easy to mix with trainers, jockeys, track personnel and even owners. Try wandering around the Yankee clubhouse someday. It won't happen, but it is easy to chat up folks at the track who have insider knowledge.

Even more important, because of pari-mutuel betting, the only way you can make a good score is if few other people make one at the same time. It will be fairly rare that your own research and study will occur without similarly savvy people also discovering this "good bet". If others find your good bet too, the odds can go into the toilet, and it ends up not being such a good bet after all.

Race handicapping likely is the most strategically complicated of all gambling, even though (unlike poker or blackjack) a person doesn't actually have to do anything, and it easy for another person to make the exact same bet while being clueless as to why it is a good bet! Animal racing has a lot of variables that are nonexistent or at most trivial in other types of sports betting or gambling.

Unlike some of the other mid-skill types of betting, racing doesn't really have the equivalent of the "jackpot" where betting becomes a clear positive expectation. The closest parallel is a Pick 6 carryover, but even then you need to pick winners.

Horse and Dog Racing

How much gamble is there in racing?