Takeouts: The most important lead is the reduction of vigorish percentage, called takeout between gamblers. The win, place and show bets takeout has been reduced from 15 percent to 14 percent. The exacta, quiniella and the daily double takout was lowered from 20 percent to 17.5 percent. And the pick-six takeout on non-carryover days decreased from 25 percent to only 20 percent. This change surely will help the gamblers who try to profit from horse racing.
With the new takeouts it becomes completely unprofitable to use a two-horse parlay instead of a daily double. Even though, some parlays paid more than the double, before the change there was 10 percent difference between two 15 percent takeout and one 20 percent takeout. Today, the difference is between 2x14 percent and 17 percent, which makes it 10.5 percent and makes two-horse parlay even less profitable. Handicapping Contests: Many tracks run handicapping contests and award top four handicappers with money prizes and entries to the World Series of Handicapping in Las Vegas where they can win a huge money prize. However, in New York, the entry fee for such content is 300 dollars. All entry fees paid by all participants are then paid to the winners, but many good handicappers do not want to take part because of this fee. They say that it is never sure whether you will win the contest or not, and with 300 dollars in your hand you have much better chances if you spend them on three cold 100 dollars doubles or exactas. Favoured Winners: Some horses are favored to win the race but are not favored to place or show. Although it seems strange, it actually happens and there are many of reasons for this. However, if you want to back the favorite you better back those that are also favored in the adjoining pools. Breeders Cup Some of the horses that were chosen for this years Breeders Cup will participate in another race until the end of the year. Because of being Breeders Cup participants these horses will surely receive a lot of attention at the window. Backing them is not a good choice. These horses will be really exhausted by the Breeders Cup competition, so if you can not find another horse to back, just skip the entire race.
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