BETTING STRATEGY HOLIDAY WEEK THIS WEEK: APRIL 22-28.
This week I would like to declare the week of April 22 - 28 as a holiday week for horse racing junkies like myself.
So if you are horse racing junkies like I am:
HAPPY BETTING STRATEGY HOLIDAY WEEK!
ALL WEEK THIS WEEK I WILL PUT OUT SOME BETTING STRATEGIES FOR THE UPCOMING DERBY.
BUT FOR TODAY, HERE IS A BETTING STRATEGY FOR THE UPCOMING DERBY:
DERBY BETTING STRATEGY
OKAY, DERBY IS A LITTLE OVER A WEEK SO LET'S DISCUSS ABOUT THE BETTING STRATEGY!
You probably already know that on Derby Day there will be lots and lots of good betting races, so to make the best of the abundance of good betting races we have to use some betting strategies to our advantage.
One of the best strategies is called parlay betting and it is outlined in the following:
Here is a very good betting strategy that is suited for certain situations -- such as a situation presented on Derby Day where there are abundance of good betting races.
The strategy is called "parlay betting".
This strategy is suited for certain situations only and it's doesn't apply to every day scenario.
The word parlay is a term used in horse betting strategy that is continuously -- betting race after race continuously.
It involved parlaying a small bankroll into big winnings by turning an initial stake or winnings from a previous bet into a greater amount by gambling -- i.e., betting race after race -- continuously.
It is a cumulative series of bets in which winnings accruing from each transaction are used as a stake for a further bet.
But for this betting strategy, we do not keep betting race after race continuously non-stop.
We bet only on three races continuously and that is all.
The three races are called legs: 1st leg, 2nd leg, and 3rd leg.
The three races are chosen by you -- the the horse player.
You choose which three races to play as your parlay play.
Do not choose more than three races.
The idea of a "parlay" betting is to make as much money as we can in three races.
In order to make as much money as we can we have to bet all of our money from the winnings generated from the preceding leg, 1st leg, 2nd leg.
For example, if you bet $10 to win, place, show on a horse in the 1st leg and generated a return of more or less than the original bet amounts from the 1st leg, you have to put all of that return amount in the 2nd leg, and repeat that process for the 3rd leg as well if there is any amount left after the 2nd leg is run.
In other words, whatever the amount left after the 1st leg is run, use all that amount to bet on the 2nd leg, and again, whatever the amount left after the 2nd leg is run, use all that amount to bet on the 3rd leg.
That is called "parlay betting".
To use parlay betting strategy use the following criteria:
Handicapping:
1. This is where your handicapping skills take over.
You have to be able to handicap races on your own.
This angle won't show you how to come up with the races to bet.
You have to be able to handicap races on your own and which races and which horses to bet.
If you cannot come up with the horses to bet, stop!
Don't play the parlay -- pass up the parlay strategy and sit on the sideline!
2. You must choose three races of your choice.
Choose three races from tracks available to you.
It can be one race from one racetrack and another from another racetrack and another race from another racetrack -- or the three races can be from a single racetrack.
It's your choice to choose which three races from which racetracks available to you to play.
It doesn't matter which three races you choose as long as you like them.
Again, this is where your handicapping skills take over.
3. THIRD LEG:
The horse must be a very heavy favorite -- a sort of a cinch (or locked) that is very likely to win the race.
We only want to put all of our winnings up to this point (3rd leg) on a horse that is likely to win the race; hence, a synch or a locked.
This means that when you're handicapping the races, first look for the 3rd leg horse first and then look for the other two legs that come before the 3rd leg.
The other two legs must go off before the 3rd leg so that you can accumulate the winnings from the first two legs.
Again you must like the two races that go off before the 3rd leg because that is the only way to play the parlay betting strategy.
If you found the 3rd leg horse but you can't seem to find good horses to bet that go off before the 3rd leg, don't play the parlay -- pass up the parlay strategy and sit on the sideline!
Don't force yourself to play the parlay even if you found a good third leg horse but found the preceding legs horses a little shaky.
Again, you have to like all three horses, especially the 3rd leg horse.
4. Bet to win, place, or show only -- no exotic bets.
This means that you can choose to bet on any leg (or all legs) WIN, PLACE, or SHOW only, including the 3rd leg horse.
For example, bet $10 to win, place, show on the 1st leg; bet to place on the 2nd leg; and bet to win on the 3rd leg horse.
Or bet $10 to win, place, show on the 1st leg; bet to place and show on the 2nd leg; and bet to win on the 3rd leg horse.
Or bet $10 to win, place, show on the 1st leg; bet to show on the 2nd leg; and bet to win on the 3rd leg horse.
Again, you have to feel comfortable betting on all three horses and bet them accordingly -- meaning how much amount of money to win, place, or show in any of the leg are based on your comfort level.
In other words, the amount of money to win, place, or show in any of the leg don't have to be equivalent to one another.
Hint On Handicapping
1. Look for the 3rd Leg horse first and then look for the other preceding legs horses.
The 3rd Leg horse must be a very heavy favorite -- a sort of a synch that is very likely to win the race.
2. The first two legs must come or go off before the 3rd leg.
3. Morning Line Odd On 3rd Leg Horse: The morning line odd on the third leg horse must indicate that the horse is the favorite in today's race.
A 6/5 or less in the morning line odd is a good start of your handicapping process.
Again, this is where your handicapping skills take over.
WHAT HAPPENS IF THE FIRST LEG LOSES AND NO MONEY LEFT IN THE PARLAY BANKROLL?
Well, just like any other bettings you don't stop betting just because you lose one bet -- you continue on to the 2nd leg by putting more money on the 2nd leg and hope that the 2nd leg yields better result.
WHAT HAPPENS IF THE 2nd LEG LOSES AND NO MONEY LEFT IN THE PARLAY BANKROLL?
Again, just like any other bettings you don't stop betting just because you lose one or two bets -- you continue on to the 3rd and final leg by putting more money on the 3rd leg because this leg is your bread and butter leg.
As far as how much money to parlay -- it's up to your comfort level.
[End of Parlay Betting Strategy]
OKAY, MAKE SURE THAT YOU USE THE BETTING STRATEGY OUTLINED ABOVE ON DERBY DAY BECAUSE THERE ARE PLENTY OF GOOD RACES.
THE STRATEGY CALLS FOR USING ONLY THREE LEGS BUT YOU CAN MAKE MULTIPLE PARLAYS BY SELECTING A COMBINATION OF THREE RACES USING THE cinch "HORSE" AS THE ANCHOR THIRD LEG.
FOR EXAMPLE, FOR EARLY RACES THERE IS A cinch HORSE NAMED IDIOMATIC AND YOU CAN USE HER AS THE THIRD LEG FOR ONE PARLAY PLAY.
ANOTHER ONE IS FIERCENESS AS THE THIRD LEG FOR ANOTHER PARLAY PAY.
THERE MAYBE OTHER HORSES ON DERBY THAT YOU CAN USE AS THE THIRD LEG -- I DON'T KNOW WHAT THOSE HORSES ARE AS OF RIGH NOW BECAUSE IT IS TOO FAR IN ADVANCE.
STAY TUNED!
