Has your curiosity recently been perked by pick 3 and pick 4 bets? When you start spending time at the horse track, it seems like you often overhear other bettors talking about hitting it big with these combinations. Is there something to this hype that you should be aware of?
As a beginner, you can easily master the pick 3 and pick 4 bets if you are good at understanding exotic gambling. This means doing your homework with handicapping and doing plenty of planning.
General idea of pick 3 and pick 4 bets
For the beginner, it is often next to impossible to prevent blowing your budget on your first big strategy horse racing bets. The main for this reason is that pick 3 and pick 4 bets are loaded with combinations. Since each combination costs you, it may take awhile before you can comfortably work like a professional.
For instance, an advanced horse bettor will use strategies to place bets over multiple tickets. In the meantime, keep in mind that picking consecutive winners in 3 to 4 races is the basic definition of pick 3 and pick 4 bets.
Similar sounding betting tickets
One of the confusing aspects of betting online can be the similarity of the different types of betting tickets offered; in general, pick 3 and pick 4 bets are exactly that. Anything else may be a variation on pick 3 and pick 4 bets or something completely different. For example, anyone that is gambling online for horse races may be doing that in another country and that could cause variation in the types of bets available.
Regardless of the system that we use in the United States, the betting system is for a pool and not the house. This pari-mutuel scheme is legal and found in other countries like Sweden, Japan, the U.S., the U.K., Australia, and Ireland. Either way, using a betting pool does not mean that they are limited on the ways these bets can be split.
Far beyond the standard wager methods like show, place, and win, there are also bets split in ways that are unique to those particular countries. In Ireland, their pick six option gives you a chance to bet on races 1 through 6 at one meeting. The days they are limited to are typically Sundays. Ireland also has a pick 4 bet called the jackpot. On this ticket, you select 4 horses to bet on for races 3 through 6 at every single horse meet.
Winning with handicapping
It should never be overlooked that the best way to win any that is to study the horses beforehand. When it comes to determining or predicting how a horse will perform in a race, this science is called handicapping. For example, each racetrack will have odds compiled based on the opinions of their own handicappers.
Whether or not you trust the judgment of these handicappers is a whole separate issue. For this reason, in addition to doing your own research, you may feel the need to consult independent handicapping sources.
Why pick 3 and pick 4 bets online pay off more
Since there is only one form of legal gambling allowed in the United States, it is interesting to learn how racetracks and casinos make their money from pick 3 and pick 4 bets; this form of retribution is called the takeout. In addition to taxes, these places of business will take part of your winnings from the pool of cash put together by all of the other bettors to pay themselves back. This can be upwards of 30% depending on the location.
With this in mind, many serious horse bettors are looking online to save some of their winnings. Instead of taking fifteen to 30 percent, some of the online rebate shops are only taking one to two percent. They still make a profit since they have little to no overhead.
Of course, anyone that is serious about earning money from pick 3 and pick 4 bets will save all of the nickels and dimes they can find. One other point of convenience about online betting is that you do not need to live next to a site that offers betting. Instead, you can place bets in your pajamas and have a mimosa without needing to tip a waiter.
Using pick 3 and pick 4 bets calculators
A final point that makes a difference is to advanced horse betting individuals is that online gambling is easier online due to the accessibility of payout pick 3 and pick 4 calculators. Instead of compiling these figures in your head, learning a system, or doing them on a piece of paper at the track, you can organize yourself using your computer. After all, using the best tools is really what a successful long term pick 3 and pick 4 bet is founded on.