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Are Horse Racing Long Shots Good Bets Over Time And How Do You Find Them

While favorites win more horse races than longshots, many people play long shots trying for a big win ticket and to come out ahead for the day. Is this an act of desperation and how often does it pay off? Many people know about the vigorish, or “vig,” that race tracks take out of the money that people bet on the races. If the crowd bets $20,000 to win on the horses in a race the race track will take a percentage of that and pay the state. After they pay the state the rest is profit. That’s why it’s so hard to make a profit whether you bet on low odds horses or horses at high odds. The usual amount of the vig is around 20%.

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