Horse Race Wagering

  • The Realm of Gambling

    Thoroughbred Horse Racing at The Great Race Place Santa Anita Park

     

    "A whole lot of people got to get up real early and do a whole lot of work so I could place that wager, it's about connecting to those winning energy currents that begin to peak early in the morning on race day and buzz all around us like a whirling dynamo by post time; and that's a dynamic process."

     

    Omar Montes de Oca
    Founder and Chief Operating Officer

     

    The Law of Large Numbers

     

    GAMBLING on thoroughbred horse races is a thinking person's game, one in which the players who apply skill with discipline can expect to make a profit.  This is due to one of the principles of probability, referred to as the Law of Large Numbers; which provides that despite extended streaks one way or another, the frequency of events with the same likelihood of occurrence will even out over time, reverting to an expected value with enough trials or instances.

  • The Totalizator Board

    Thoroughbred Racing at the Great Race Place

     

    THE QUESTION: To Bet or Not to Bet

    The tote board is a random self organizing system that comes alive as it channels the crowd's energy, armed with knowledge of the Fair Odds (after the racetrack takeout) for each horse in the race; horses offering overlaid odds are readily identified.

  • Dynamic Contender Valuation

    Thoroughbred Racing at Santa Anita Park

    Three minutes to post and you're about to make a play on a legitimate win contender offering 9:2 (nine-to-two) odds, with a quick glance at the board from the betting line, you notice the public has taken interest in your horse; bettors have driven the price all the way down to 3:1 (three-to-one) at the last tick, you step out of the line wondering what to do.  At odds of 9:2 (nine-to-two), $20 to WIN would've paid $110 but at 3:1 (three-to-one) odds, the payout will be $80; a 27% reduction, is the play still worth the risk of a wager?