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Betting horses in Vegas

Discussion in 'The Sports Book' started by reedy, Mar 19, 2013.

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  1. reedy

    reedy Low-Roller

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    Hey,

    I just wanted to as a favor of anyone on the board who is familiar with betting horses in LV.

    I have always pretty much gambled on baseball, football, soccer and basketball in Vegas. Can someone tell me how to place a ponies bet and also what are you favorite bets to place? Also are there minimums and any special types of bets i should be making other than a straight up bet?

    Thanks in advance.
     
  2. Rush

    Rush High-Roller

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    Make sure you go the the RACE BOOK window! :beer:

    $2 will get you action!
     
  3. mike_m235

    mike_m235 Tourist

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  4. reedy

    reedy Low-Roller

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    Did read that mike. Good shit.
     
  5. gpenguins67

    gpenguins67 High-Roller

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    I am not expert when it comes to horse betting, My friends do a lot of horse betting and I tag along and make some bets to kill time. i beleive the program should tell you what bets are available for that race and the min bets.
    exacta: 1st and second place
    trifecta: 1, 2, and 3
    superfecta: 1, 2,3, 4

    Win: horse will come in first
    Place:horse will come in second
    Show: horse will come in third.
    win/place, win/place/show-- horse will come in any one of those positions.

    Pick3, pick4, pick5, etc: pick the winner first place winner for 3, 4, 5... consecutive races.

    I personally bet mostly exacta and trifecta's. when I figure out which horses I like I usually make a "box" bet so I can hit it in any combination. So a 2 horse exacta box for $1 = $2 ($1 for every combination. Or if I picked 3 horses for a trifecta box for $1 it would be $6. (six different combinations to bet it.... 1,2,3 - 1,3,2 - 2,1,3 - 2-3-1, 3,1,2 - 3,2,1). Also of I have a really good feeling about an underdog I'll put in a bet for a win or win/place.

    Don't forget most sportsbooks gives drink service for every $10 bet on horses.
    I should also mention I don't usually win... I play more for killing time and having a few drinks. My friends take it a lot more seriously than I do.
     
  6. mike_m235

    mike_m235 Tourist

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    Oh, and the one rule of horse/dog betting...late money is smart money.
     
  7. reedy

    reedy Low-Roller

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    Is this because the late odds reflect what side the smart money is on?
     
  8. Viva Las Vegas

    Viva Las Vegas Ramblin' Gamblin' Man

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    You should start by getting a racing program (or at minimum a scratch sheet) and start to learn how to read the program / racing form. Many casinos will hand you harness programs for free. Casinos have different policies regarding handing out racing forms (some are free, some the charge, some they give to people with players cards or room key cards if they are staying at the hotel).

    I've bet the ponies since the 1980s ('83 for Harness at Maywood,, '85 for thoroughbred - won with Spend A Buck (Cordero aboard, Lukas in the barn), worked at the tracks for several years (high school through college) and will likely bet the ponies until I die.

    While many prefer going after bigger payouts betting gimmicks (Picking 2-4 horses to finish 2-4 in a race or the winners in 2-6 consecutive races), I prefer betting a combination of win, place or show. You only have to worry about 1 horse and the house edge is lower (vig = 20-25% for gimmicks, 17-20% for WPS bets - the amount the tracks pull out of the pari-mutual pool).

    The are 20-30 minutes between races, and if you are not a degenerate (like some people - OK like me), you won't be betting several tracks simultaneously during an afternoon/evening. This gives you time to review the field, scan / learn how to read the program and bet a few races.

    The best piece of advice I can give you or any horse player is this - You can win a race, but you can't beat the races. Once you get comfortable with reading the form / program, you should bet your top picks on the day. This rule also holds true sports betting (keying on your top 1-3 selections vs. betting every game on the card / on television). Some people like action, and will pay dearly for it. Pick your spots and you will do better in the long run.

    Most casinos offer horse racing betting. I like the Hilton, Gold Coast, Orleans and Red Rock off-strip. On strip, with The Stardust closed :cry:, I like playing at Mandalay Bay, Mirage and the Wynn.

    The Sports/Race Books are more generous with drink tickets for horse racing bets. Be sure to ask the clerk for a ticket or two after your wagers. They will hand you a ticket, or tell you the minimum bet required for a drink ticket. Tipping the clerk goes a long way in scoring tickets / extra tickets.

    Hope this helps with your questions.
     
  9. mike_m235

    mike_m235 Tourist

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    Yes, exactly. Or it could be an old wives tale. But that's how I learned.
     
  10. reedy

    reedy Low-Roller

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    Very informative. Thanks for taking the time to post.

    I always spend a fair amount of time in the SB while in LV. Every casino that i go to always has a large section for horse bettors {small screens and the like} but is never very busy in comparision to the area of where people bet on other sports. Always seems like over kill on space to me as i never see more that 5 guys betting on the ponies.
     
  11. Viva Las Vegas

    Viva Las Vegas Ramblin' Gamblin' Man

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    On sports wagers, casinos make 5-10% + on the average sports bet (5% on a -110 line, 10% on a -120 line) and more on parley cards and futures bets.

    On horse racing wagers, they make between 17-25%, a much higher house edge.

    Interest in Horse Racing has declined over the decades. There was a solid drop off in support and attendance after the mid-late 1980s. People have shorter attention spans (to wait 20-30 minutes for a bet) and far more gambling options (local casinos, internet betting, "fantasy" sports betting, etc.). Also, tracks typically could not air tracks outside of their state until off track gambling became widespread in the 1990s. People can now stay at home to bet all tracks.

    Over the past 20 years, the percentage of business at a sports book has flipped, with sports accounting for a majority of action / profits. Horse players are typically older and while more profitable on a per $1 bet basis, they are outnumbered by the masses who follow and bet sports. Also, there are people who sit in the sports book without betting, whereas most people in the horse racing section are betting.

    Those are some of the reasons why race books are as large, and unfortunately less populated, than sports books.
     
  12. IxAccDnf

    IxAccDnf VIP Whale

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    With a racebook, except for the ones that book house quinellas,they don't have any risk.
    The casino just pays the fee for using the signal ( I think around 4% )

    With sports betting the casino has exposure and could lose money
     
  13. Sinatraatthesands

    Sinatraatthesands Low-Roller

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    Don't forget to bring your oxygen tank and the worst attitude you can muster so you fit in!
     
  14. Rush

    Rush High-Roller

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    Typical race book scene:

    You are sitting by yourself, trying to figure out you next wager. About three rows away, you have two guys "talking" about a race. Of course, they are talking loud enough for everyone in the book to to hear their "expertise" on this race.

    "That 7 horse was just shipped in from the East coast. The trainer has Espinoza on him, and he would NEVER give him that ride if he didn't think he could win this race!"

    "You're right. You gotta put that 10 horse right up there, though. Round it out with the 2,6 and 13.....you gotta real good trifecta box!"

    "I agree.....I agree."


    ---------Now we cut to the race, and our heroes are screaming at the screen as loud as anyone in the book. (I never understood this shit, either!)


    "COME ON!!! GO!!!!!.......RUN, YOU BASTID!...........NOOOOOO! NOOOOOOOOO!..........Where in the hell did the 4 horse come from??"


    "I told you, Lenny! I knew we shoulda put that 4 horse in there!!!"

    Ahhh, shit.....You're right. He's a great closer. Never should have had that 2 horse in there. Shoulda been the 4 all the way."


    :rolleyes2:



    All day, every day. Sit in a local joint if you really want a show!
     
  15. Viva Las Vegas

    Viva Las Vegas Ramblin' Gamblin' Man

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    Setting aside Trotter's 9 win day and scoring Jennifer Tilly, the most realistic movie about life at the track.

    [YOUTUBE]cVnbiYHCb1A[/YOUTUBE]
     
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