Archives for July 7, 2019

Eng: Show Betting is the Ideal Horse Racing Bet for New Fans

… I wrote in my newcomer’s book “Betting on Horse Racing for Dummies” that racing has a bet tailored for novices. It’s the simple show wager. And years later I still feel that way.

I do think a few things should be done to show betting to make it more attractive.

First is lower the takeout (amount a track takes from a betting pool) to 10% from the 16-18% it is in most states. Even if that makes the show pool break even or a small minus it can be considered a loss leader like companies do with certain items in the retail business.

Now, tracks can lose money in huge minus show pools. My advice there is to eliminate show betting in that handful of races. Those races are fairly easy to predict. When a favorite looks like it’s going to be 2-5 or 1-5 odds, why bother.

I would then like to see nickel breakage in the show pool. I know this can be done because places like NYRA and Woodbine already offer it.

What makes show betting so easy for newcomers to learn and win is their horse can run first, second, or third to cash.

Now to generate potential larger payouts from show bets I suggest reintroducing show parlay cards. I guarantee most of you have been at the races with friends and partnered in a show parlay …