root. Spreadsheet Templates. April 07th , 2021.
If you are serious about your horse race handicapping and wish to make some money at the races, then one of the best investments you can make is to use excel spreadsheet templates. Not only will they save you time and effort, they will dramatically improve your profit potential. Many people who take the time to learn how to calculate a horse's chances of winning, then handicap the race, then come back and add the figures into a spreadsheet template, come up with very good betting numbers. Some of these have even made money!
I have known people who get paid for taking bets on horses and then coming up with those numbers. This sounds too good to be true, but it is true. Now don't get me wrong, there is no magic formula that makes your horse bet numbers are automatic. There is however, a lot of "pre-made" software packages that claim to do this. These types of software is usually what is called "probability machines". This sounds nicer than it is and in actual fact, these formulas often do not make any money, because while they may look like they work, the random number generators within them are not random at all and the chances of a winning bet are calculated before the horse is chosen.
So, what is the solution? Don't use excel spreadsheet templates for horse racing handicapping anymore. There is a much better way. Believe it or not, all you need is a formula that works, but one that is based on statistical data, not gambling style guesswork.
In horse racing terms, there are two main statistics to use. The first is the win rate. This tells you the percentage of wins that a horse has compared to the number of losses it has had. Obviously the better the win rate, the better the chances of winning. Using this figure, you can find horses who are good bets and eliminate those who are bad or don't stand a chance of winning.
This is how horse race handicapping works. It uses the statistics to find horses who have a much better chance of winning and then eliminates the horses who are better bets or don't stand a chance of winning. This eliminates a good amount of staking options, which makes it better for the handicapper. However, it leaves out the horses who have the best chances of winning, but are not profitable staking options.
There is software available that takes this further by giving you the win rate of every horse in the race, as well as other statistics. You can see this information in an excel spreadsheet, but another important piece of data is the price per head. This figure tells you how much the trainer will make if you picked the winner, or how much you should pay each bet. You can also get this figure in a spreadsheet, but the other information is not as readily available.
Horse racing is a very difficult process, but can be very profitable. It is all about picking the right horses, finding out which ones are better bets and then placing your bets. These are some of the most difficult processes to do and will take a great deal of research on your part. Horse race handicapping is often used to determine winners, or find low odds bets. However, it can also be used to pick winners and high-odds bets.
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