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Everyone quickly understands the basics of sports gambling, because its as simple as the sports themselves. Horse racing, on the other hand, is a more difficult form of gambling to approach successfully. While there are some similarities between sports gambling and horse handicapping, success in one by no means assures even competency in the other. CBS Sports icon Jimmy ‘The Greek’ Snyder was by all accounts a first rate sports handicapper, but downright awful at forecasting horse races.

The information below is the bare bones basics of what you need to know to enjoy a day at the horse track. If you’re interested in becoming a serious horse handicapper, you’re best advice to start with one of the countless books or DVDs that deal specifically with the discipline.

Arm yourself with information: The first step for any horse handicapper is to pick up a copy of the Daily Racing Form (DRF) and the track program. The publications give the names of the horses, jockeys and trainers, the morning line odds, and the types of bets available for each race. You’ll also have past performance charts, which are crucial for serious horse handicappers. These charts reveal a lot about a horse and what they’ve done on the racetrack, including its record, where it ran, the quality of competition it ran against, and what position the horse was in at various points in the race.

The House Doesn’t Care Who Wins: One thing that is important for the sports bettor to remember when playing the horses is that its a parimutuel situation. In other words, you’re not playing against the house, you’re playing against the other bettors. The track just facilitates the betting and acts as a middleman, handling the money for a fee (15 to 25 percent of the parimutuel pool). Another difference is that the track odds are determined by how much money is bet on each horse. If everyone bets on one horse”whether it is the best horse, or just has the catchiest name”it will go off as the favorite. Long odds on a horse doesn’t necessarily indicate a bad horse, but just one that the wagering public isn’t investing in. Sometimes this can be one and the same, but not always.

So where do the odds in the newspaper or program come from? The so-called morning odds are basically educated guesses as to where the wagering will go. Its roughly analogous to overnight lines in sports gambling. They can be helpful as a guideline, but may or may not be indicative as to how the actual wagering will go.

The Basics of Handicapping: Even expert handicappers approach the sport differently and, like his sports gambling counterpart, may place greater emphasis on the importance of certain data than other handicappers. Some handicappers place a great deal of weight on a horses past performances, including the quality of opposition hes run against. Others place greater value on recent workouts, and still others go to the paddock to eyeball the horses and try to determine which ones are ready to run.

Once the handicapper starts to work out what he thinks will transpire in a race, he has to weigh that against the prices available on each horse. A likely winner might not be a good bet if his price is too high. Conversely, a long shot could be an overlay if his odds–and potential payback–is high enough. It’s all a matter of doing the math–its importance in gambling alone justifies a greater emphasis on the subject in American high schools.

Trainers and breeding: Some handicappers prioritize a horse’s breeding background–considering his bloodlines and the competitive quality of his parents and grandparents. Then training must be considered–a good trainer can often get a horse to ‘over perform’ much in the same way a good coach can get the most out of his team in sports.

Jockeys: Jockeys are independent agents, and thus to make the most money they need to win the most races. The more a jockey wins, the better ‘rides’ he gets and the more money he makes. Surprisingly, many serious horse players put minimal importance on the jockey. It’s essentially a case where even the best jockey can’t win with a bad horse. In other words, if a jockey is seen as ‘competent’ there are many other more significant factors for the handicapper to consider.

Don’t Go Overboard, and Try to Find What Works For You: As with any new betting discipline, its always sound advice to not go overboard with the amount of money you wager. These are just the basics of how to bet a horse race and what some of the salient factors are in determining who will win or lose a race, and doesn’t even to begin to scratch the surface of successfully handicapping the sport. If you want to learn more, Id suggest starting with the Daily Racing Form website, after which a simple Google search can expand your options from there.

Ross Everett is a respected freelance writer who covers travel, casino gambling and sports handicapping. He is a staff handicapper for Anatta Sports where he is responsible for providing daily free sports picks. In his spare time he enjoys fine dining, flower arranging and deep sea diving. He lives in Southern Nevada with four dogs and a pet coyote.

The Kentucky Derby takes place every year on the first Saturday in May, and its a race that many horse racing novices like to follow. Along with the Breeders’ Cup and the other ‘Triple Crown’ races, the Derby attracts the most mainstream attention. Understanding the intricacies of horse racing is a very involved study.

While understanding and predicting horse races is a very complex discipline, here are some basics that can help the amateur understand the Kentucky Derby. Back during the seventies, it was a race dominated by the favorite including three great Triple Crown winners–Secretariat, Seattle Slew and Affirmed–and a great horse that came close, Spectacular Bid. Since Spectacular Bid won the Derby in 1979, however, you can count the favorites who’ve won the race on one hand with fingers left over. If I was a serious horseplayer, I might not advise you to do this but since I’m just worried about predicting the outcome of this one race Im going to suggest that you forget about the favorite altogether. Not only will you not be flying in the face of recent history, but also it allows you to concentrate on the horses offering greater value.

In all fairness, it should be noted that the favorite has been a historically strong proposition. In the 135 Kentucky Derby races the post time favorite has placed in the money at a 69% clip over the history of the race. So why have the favorites been on such a money losing run in the past two decades? My personal theory is that it is a function of the growing hype surrounding the race”in other words, you get a lot of amateur horse racing fans that distort the notion of the favorite being the most likely to win the race. The most hyped horse becomes the favorite, but this is not always the best horse. In any case, though it could be argued that the anti-favorite bias could be due for a turnaround, for the purpose of understanding this particular race Im going to forget about the post time favorite.

Post position is also something that the horse racing neophyte should pay attention to. Obviously post position number 1 is an advantage relative to the outer ones, but it hasnt been a strong edge over the other inside positions. Twelve Derby winners have had the #1 position going into the race (the most of any position) but positions #4 and #5 have had ten winners each. In terms of percentages, positions #1 through #5 have yielded 49 winners (or just under 40%). On the other hand, the outermost positions (#11 through #20) have had just 16 winners (or just under 13%). It is important to note that theres not always that many horses in the race, which would obviously result in few higher posts winning. Still, concentrating on horses with favorable post positions is another way to pare down a field that you know little about.

Another factor worthy of consideration is the horses lineage and breeding. Start at the beginning”where the horse was born. Most, but not all, serious racehorses are born in Kentucky. If you see a horse in the race that wasnt, forget them. This is not any sort of home field advantage but a result of the concentration of the Thoroughbred horse industry in the state. Over 80% of Kentucky Derby winners have been born in Kentucky. Next, consider the horses gender, or more specifically dont consider any entry with a gender other than male. Only eleven horses other than intact males have ever won the race (eight geldings and three fillies). A gelding did win as recently as 2003, when Funny Cide took the roses but again for the newcomer this is an easy way to cut down the horses under consideration. This isnt a gender bias or anything, but for our purposes we can forget about non-male horses.

Don’t forget to consider dosage index numbers. These are a complex mathematical formula that measures a horse’s breeding lineage plus his past performance. You want to look for horses with a dosage index of 4.00 or less–over half of Derby winners have met this criteria since dosage numbers came into common usage in the mid 1980′s.

If you want to learn about horse racing in more depth, there are countless books available to introduce you to the subject. For a recreational fan who just wants to have a better understanding of the Kentucky Derby, these rules can help.

Ross Everett is a freelance writer and respected authority on World Cup betting. His writing has appeared on a variety of sports sites including sportsbooks and sportsbook directory sites. He lives in Las Vegas, Nevada with three Jack Russell Terriers and a kangaroo. He is currently working on an autobiography of former energy secretary Donald Hodell.

Seattle Slew–the last living Triple Crown winner–died on May 7, 2002 at the age of 28. As one of only 11 Triple Crown winners in history, he is by default one of the greatest horses in the history of thoroughbred racing. Of those 11 legendary animals, Seattle Slew was the only one to complete the Triple Crown with an undefeated record, as well as the only one to have been purchased at a public auction. After retiring in’78, Slew became one of the most important and successful stud horses in the history of the sport. He sired 1,066 foals including 102 stakes race winners. Among this impressive group of offspring was the’84 Kentucky Derby winner, Swale. All told, Slew’s offspring have won an amazing $76 million dollars at the race track. Slew’s stud fee of $300,000 made him a very profitable horse even after his racing career was over. Slew wasn’t a particularly attractive horse, but he had the toughness of a championship boxer and the sort of intestinal fortitude and desire that can only be given by The Creator.

The Seattle Slew story began very modestly at a public auction in Lexington, Kentucky. The Keeneland Summer Yearling sale wasn’t supposed to be the marketplace of champions, and the idea that this particular horse would ever amount to anything other than a farmhand was downright laughable. Slew looked clumsy, due primarily to a right forefoot that splayed outward and resulting in a shuffling gait at a trot. He also wasn’t a majestic beast like his predecessor by a few years, Secretariat. Slew was borderline ugly. So ungainly a creature was he that he was given the less than inspiring nickname “Baby Huey” by the Keeneland staff. He was purchased by two couples (Karen and Mickey Taylor and Jim and Sally Hill) for $17,500. What wasn’t apparent at the yearling sale was the intangibles that make up a championship thoroughbred–poise under pressure, love of competition, toughness, heart and desire. The Taylor’s and Hill’s had stumbled onto an equine Tiger Woods or Michael Jordan who’s competitive fire quickly became apparent to the trainers that worked with him and the jockeys that rode him. His first race came at Belmont in’76, and the three races he entered–and won–as a 2 year old gave a hint of what was to come.

Slew quickly became a horse to watch as a three year old as he won three Derby prep races including the Wood Memorial. In the Derby, Slew got off to a terrible start as he stumbled out of the gate. He recovered from the miscue and essentially bulled his way through a pack of horses to lead at the 1/4 mile pole. Slew would win the Derby by a length and 3 quarters. He took another tough victory at the Preakness before clinching the Triple Crown with a 4 length victory in the Belmont Stakes.

Slew ran in a few races as a 4 year old but in the pre-Breeders’ Cup days there wasn’t as many opportunities for an older horse. He retired to stud in’78. We’ve already discussed his prowess in the breeding shed, siring a number of first rate horses such as the aforementioned Swale, and the’92 Belmont champ AP Indy. Slew stood at Three Chimneys Farm in Midway, Kentucky from’85 until early 2002 when he was moved to Hill ‘n’ Dale Farm in Lexington, KY following a spinal operation.

Slew was in someways overshadowed during his prime by his predecessor–and arguably the greatest thoroughbred race horse in history–1973 Triple Crown winner Secretariat. In hindsight, however, it has finally been noted what an exceptional horse he really was. Jockey Angel Cordero, who rode Slew during the twilight of his career noted “If I had a chance to take any horse in the world, if someone said your life is depending on riding one horse to win, I would take (Slew). I rode 44,000 horses, but he was special, he was different. He was muscled, like a wrestler. He ran different than any other horse. It was like he came from another planet.”

Following his death in 2002, Slew was laid to rest at Hill ‘n’ Dale Farm in Kentucky under a statue memorializing his legacy.

Ross Everett is a widely published freelance writer and highly respected authority on sports betting odds comparison. He writing has appeared on a variety of sports sites including sportsbooks and sportsbook directory sites. He lives in Southern Nevada with three Jack Russell Terriers and an emu. He is currently working on an autobiography of former interior secretary James Watt.

Though it is sometimes overshadowed by more famous tracks back East like Churchill downs and Belmont Park, Del Mar Racetrack in Southern California has a rich and fascinating history. Located 20 miles north of San Diego and known for its iconic slogan “Where The Surf Meets the Turf”, Del Mar has not only hosted the best horses and jockeys on the planet but a ‘who’s who’ of show biz elite.

The Del Mar Race Track was founded in the late’30′s by a group of business and show biz elite, including Bing Crosby, Oliver Hardy and Jimmy Durante. During much of the pre WW II era, horse racing ran a close second to baseball in mainstream popularity, so these racing enthusiasts were clearly at the right place at the right time in terms of market forces.

Additionally, the star power involved with the project also provided a trendy cachet that the tonier race courses back East lacked. Bing Crosby himself greeted patrons at the gate on opening day, and during the late’30s and early’40s it became a place to be seen for Hollywood A-listers and those who aspired for celebrity. In addition to known gambling enthusiasts like W.C. Fields, Edgar Bergen and Red Skelton, the Del Mar patrons during that time also included some of the top female stars of the era including Ava Gardner, Paulette Goddard and Dorothy Lamour.

Del Mar was the site of the’38 match race between Seabiscuit and Ligaroti. Seabiscut won the $25,000 winner take all challenge by a nose, and this race set Del Mar betting and attendance records and remains one of the most famous races in history. The racing at Del Mar continued to flourish until the start of WWII, when the track went ‘dark’ for racing. It was used at times by the military for, among other things, a training ground for Marines and later a production facility for bomber parts.

After the war, Del Mar reopened with a bang. The track reopened the day after Japan formally surrendered to Allied forces, and on that day Del Mar attracted over 20,000 fans through its gates who wagered what at the time was a record $958,476. The postwar prosperity was also a boon to Del Mar, which also benefitted from the Santa Fe Railroads daily Racetrack Special that brought bettors down from Los Angeles to enjoy a day at the track. During the latter part of the decade a new crop of Hollywood glitterati would flock to Del Mar, including Lucille Ball and Desi Arnaz, Mickey Rooney John Holmes, Frank Sinatra and Jimmy Durante. Durante would become such a regular that the turf course at Del Mar would later be renamed in his honor.

The annual race meet at Del Mar remains a highlight of the summer to this day. Del Mar remains one of the top tracks in the country, and have recently upgraded their facility with a state of the art grandstand and was one of the first tracks to install a new synthetic racing surface.

Ross Everett is a freelance sports writer and respected authority on sports betting odds comparison. He writing has appeared on a variety of sports sites including sportsbooks and betting odds portal sites. He lives in Las Vegas with three Jack Russell Terriers and an emu. He is currently working on an autobiography of former energy secretary Donald Hodell.