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Why Horse Racing Betting is Superior to Sports Betting
For the life of me, I can’t figure it out. Why do people bet so much more money on sports than on horse racing?
I mean, to win real money betting on sports, you not only have to win more than 53% of your bets, but you have to bet big. Whereas with horse racing, a $1 bet can win you hundreds of thousands of dollars.
Do you think I’m kidding? Look at the 2009 Kentucky Derby payouts. A $2 exacta on Mine That Bird and Pioneer of the Nile brought in $2,074.80. Now some of you may be saying, “Come on Denny, nobody had mine that bird.” TRUE. But a lot of people had Pioneer of the Nile. A simple $2 rear and front wheel for $76 set you back over $2,000.
Please tell me what sport you can bet on and get this kind of return? A 15-team parade? Here you only needed a good position and the other 18 bad. And you still got over $2,000 back for a $2 bet!
But let’s not stop there. A $1 TRI (BOX) paid $20,750.30 and a $1 SPR (8/16/2/7) paid $278,503.20. Again, what sport will give you that kind of feedback in 2 minutes?
And to say it’s impossible is really an ignorant statement. For what? Because people cashed in! Otherwise there would be no payment!!
My biggest gripe with sports betting is that I play against the book that makes the lines. They have experts determined to make lines that cause me to lose more than I win. Not only that, I have to pay 10% for the privilege of being sucked into the 1/2 point hook.
Whereas with horse racing I bet against other players. There is no incentive for the track or the handle to cheat or take away any advantage I may have. They don’t care if I win or lose, as long as I bet.
Sure, they take a bigger share of the pools, but at least the odds are controlled by the amount of money in the pools. Not by a hash mark who hid information about injuries and such.
Call me silly but I’ll stick to horse racing any day of the year. You can take your bets for less than even money. I will try to make a lot of money while limiting my capital risk.
I’d like to end with a quote from one of my favorite movies, “Let it Ride” There’s a fine line between winning and losing – Yeah. The finish line.
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