I can’t think of anyone who doesn’t like to make money. So, I thought I would help you get some more in the world of thoroughbred racing. I can’t guarantee anything but I can help you get ahead in the betting of the current races around the United States.
It won’t always be big money. I am hopeful it is some money are our winnings. There will be these times that you may lose money. NOTHING IS GUARANTEED! Bet responsibly.. In fact, maybe you want to tail this page for awhile and see if you would have done fine with your fake bet.
Let’s get started with the Jim Dandy 2024. It is a Grade 2, $500,000 Jim Dandy Stakes with a field of six 3-year-olds. There is some quality in the field with three millionaires and three that ran in at least one of the Triple Crown races in 2024.
Let’s look at each entry as hey will be listed by post position.
- Sierra Leone is a sire of Gun Runner and has Chad Brown as the trainer with Flavien Prat as the jockey. The current odds to win at 9-5. This horse lost by a nose in the Kentucky Derby and finished third at Saratoga in the Belmont Stakes, He has finished in the first three in all his six career starts. He is the leading money winner in this field and is the top favorite to win the Jim Dandy 2024.
2. Seize the Grey is 5-1 odds to win and is trained by D. Wayne Lukas and is the sire of Arrogate. This horse won the Preakness and led the Belmont Stakes before falling out of contention. Trainer Lukas won this event in 1989 and 2001. It is possible for Seize the Grey to be a contender in the Jim Dandy 2024.
3. Batten Down enters with 5-1 odds to win and is the son of Tapit. He will be ridden by Junior Alvarado and is trained by Bill Mott. The horse has won his previous two races and Mott has won this event four times. Look for a fade from this horse.
4. The son of Gun Runner, Pony Express is 10-1 odds to win. He is trained by John Sadler and will have Joel Rosario aboard. He was shipped in from California for the race. It took him three attempts to break his maiden at Santa Anita. Not a contender.
5. Gould’s Gold is the sire of Goldencents and is trained by Ken McPeek. With 12-1 odds to be victorious, the horse only career win was his maiden on his third attempt at Oaklawn in Arkansas. Not a serious contender.
6. Fierceness – This Todd Pletcher trained hose enter with 8-5 odds and is the son of City of Light. John Velasquez will be on mount. This is a good horse with one bad showing and that was 15th place in the Kentucky Derby. He has raced since then so his stamina should be good. As a 2-year -old he has experience at the Saratoga track with a win in the Breeders’ Cup Juvenile. The knock is that he disappoints too many times. He is a contender for the Jim Dandy 2024.
Pick and Prediction
The top two are hard to ignore in this race. The issue is if you win, the amount is small but that is better than losing. My picks include Sierra Leone first or second and Seize the Grey as second or first That bet is called =……..Bet them Box Exacta ( betting information to follow) Good Luck!
Types of Bets- I will go over several types of bets in horse racing. Remember, as you get more comfortable on wagering the ponies, there are many more types of bet available. Most of them have turned to the “house” chances being greater to win that the bettor.
Box Exacta: You place a bet on both horses to finish in the top two positions, regardless of which finishes first or second. This means that if either of the two horses you bet on finishes first and the other finishes second, you win.
STRAIGHT WAGERS: WIN, PLACE, SHOW BETTING
The basic or “straight” wagers newcomers generally become familiar with upon their first exposure to horse racing are Win, Place, and Show. Historically, all three required a minimum bet of $2, but these days they can be had for a minimum of $1 in most places. Here’s a closer look at the three wagers.
WIN: This wager, as its name implies, requires that your selection finish first. The takeout rate on a Win bet (as well as Place and Show wagers), that is the amount of money the track removes from each pool to cover expenses, is generally 15-20% depending on the track. The remainder is then distributed to those that hold Win tickets on the first-place horse. (The Win pool is separate from the Place and Show pools.)
Unlike Place and Show bets, Win odds are freely available by viewing the tote board, TV monitors, or on your screen if using an internet device. They are often calculated with the horse’s odds.
In this example, with seven minutes to post, the #6 horse is the favorite at 8-5, or 1.6-1. If the horse wins, you would earn $1.60 for every $1 wagered, plus earn your stake back. The payoff for a $2 Win bet would thus be $5.20.
On the other end of the spectrum, if the #4 horse wins at 29-1, the payoff would be a minimum of $60 and as much as $61.80, depending on breakage. Breakage is a device tracks use to compute payoffs so they can be rounded to the nearest, lowest 20-cent increment (10 cents in New York) rather than paying in exact amounts (e.g. a calculated $60.94 payoff would instead pay $60.80).
As Win odds are determined by the level of play each horse receives, it’s hard to quantify the level of difficulty of this wager, though it’s harder than either Place or Show wagers as we will see. If you strictly bet the favorite to win every race, you would, on average, cash on one out of every three races. That average goes down the more higher-priced horses you bet to Win, although the rewards are higher.
PLACE: The Place bet requires your selection to finish first or second. It’s easier to cash than a Win bet, but the payoffs are typically smaller due to the Place pool being divided two ways rather than one (bettors with Place money on the first horse and second horse divide the pool).
Place odds and likely payoffs are not readily available to the public because they are dependent on who runs first and second. Though there are ways of determining approximate payoffs by calculating the amount of money bet on each horse in the Place pool, newcomers to the game are advised to enjoy the experience and not get too hung up on the mathematics. That’s what the track’s mutuels department is for.
SHOW: The easiest of the three straight wagers to cash, it requires that your selection finish first, second, or third. Because it’s the easiest, and the fact the pool is divided among three groups of ticket holders, the payoffs can be very low. If you’re betting favorites, the Return on Investment (ROI) can often be less than $1 for every $2 wagered. As is the case with Place bets, odds and likely payoffs are not readily available but an approximate return can be computed.
While Show bets are good ones for beginners with a low-risk threshold, winning the equivalent (sometimes) of pocket change will not be terribly exciting for some.