Myths and Misconceptions about Horse Racing Odds

There are many different myths and misconceptions about horse racing odds being spread around out there. Some of these myths are perpetuated by television shows and films; others are repeated by people who don’t know very much about the sport.

Betting on horse racing odds is somewhat of an underground profession and not everyone understands how it works. Here are some of the most common myths and misconceptions which are believed about horse racing odds and betting at the race track:

Horse Racing Odds are 100% Luck

The myth is that betting on horse racing odds is entirely luck, but this is not completely true. In fact, it is a combination of knowledge, trends and winning patterns which inspires professionals to make a particular bet. If professional gamblers were merely betting randomly, they would be likely to lose more money than they win, but their careful analysis of the game is what gives them the upper hand. It is more like poker, you might have a bad day but your success is ultimately based on your skill and strategy.

Betting On Horse Racing Odds Will Make You Rich Overnight

This is a common misconception, probably perpetuated by movies which show people striking it rich at the horse races in one day. The truth is that betting on horse racing odds is a long and drawn out process and it takes time to get to the point where you are consistently winning money. It is more likely that a professional gambler will make smart, educated choices over a long period of time which will allow them to gather a slow and steady accumulation of winnings.

Professional Gamblers Always Win

This is not true. Although professional gamblers are very good at working out the probability of a race scientifically, the horse might not always run scientifically. The unexpected can always occur. However, professionals know how to handle a losing run and get back on track.

These are just a few of the most common myths and misconceptions which are passed around about professional gambling on horse racing odds. However, as you can see these statements are not quite true and there is a lot more to this profession than many people realize.

Have you ever heard these myths and misconceptions about   horse racing odds ? Find out the real truth here.