The question is, “What is the most profitable bet at the race track?”. The answer is there is only one profitable bet at the race track in the long term. Every other bet is for suckers!

Think of short term cash in your hand versus long term financial success. You can think of the differences by considering the ancient fable of the race between the tortoise and the hare. The hare has dazzling speed, but only for a short period of time. The tortoise has dreadfully slow speed, but can carry that speed forever. In a long race the tortoise always wins. The moral of the story is play like the hare if you go to the race track for the Kentucky Derby and The Breeder’s Cup races and that is about it. However, if you go to bet the horse races several times a year then it is far better to bet like a tortoise.

The hare will bet all kinds of different types of bets, including the pick six, trifecta, and superfecta. If the hare hits something then the hare will go home a winner, but only for that day.

The tortoise understands that in order to win over the long term a horse racing bettor can only place bets on horses who are undervalued by the general public. For example, if the general betting public believes a horse has one chance in ten of winning and the tortoise thinks the same horse has one chance in four of winning then the tortoise will place a bet. Why? The horse will be an excellent bet because the general public has undervalued the horse. 

The only way to win betting horses long term is to only place bets on undervalued horses. That means only place a bet when you are sure you have an advantage. Every other bet is for suckers!