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How Breakage Affects Horse Betting

Horserace betting has been one of the lucrative forms of sports betting and a lot of countries legalized this gambling activity along with state lottery. However, in some horse race events, there have been several issues regarding the phenomenon of breakage that affects the payout of punters.

In this article, we will discuss the concept of breakage in online betting Singapore and why it is important that punters know about them.

What is breakage in horserace betting?

Breakage in horserace betting refers to the difference between what the punters should get on a winning wager and what they actually get.

Basically, breakage is the rounding down to the exact amount of the winning bets in order to present a much better looking payout. This method can reduce the need for tellers to calculate and give change to the winning on-track punters.

The concept of breakage has been occurring in a lot of horse races ever since the pari-mutuel tote system was introduced in the industry. Breakage has a huge effect in every pool in pari-mutuel betting and it can never be fully eradicated as some rounding off will always occur to the last cent.

How does breakage affect the punter’s wagers?

The impact of breakage to the punter’s betting really depends on the type of bet that the punter places. It can either have no effect or consume a huge amount from the punter’s winnings.

You will never know in advance how much the breakage will take out from your winnings since in a pari-mutuel betting, the amount that you will receive can never be determined until all the bets in a pool were placed. Depending on the Singapore Pools odds, it is safe to assume that due to a breakage, your winnings could be reduced by as much as 10 cents for every average bet.

How can you avoid your bets getting affected by breakage?

Actually, there is no way you can avoid breakage in horserace betting. You can’t just pick to wager on events that breakage wasn’t featured heavily. For instance, in exotic bets like trifectas and in longshots it exists and it is inevitable.

Breakage exists in favorites, in finishing positions, and in show pools. Avoiding breakage in horse race betting will extremely limit your wagering.

The key is to simply look at breakage as a portion of the whole process and that although it would affect your betting on some some days, it would certainly not affect your bets on others. In the end, you will get the hang of it and it won't bother you anymore in the long run.

Tips on horserace betting

In order to maximize your betting in horse racing, you need to upgrade your skills and employ some effective strategies to boost your odds of winning.

First, you need to do your research on the industry before you get on it. By filling yourself with essential information beforehand, it could prepare you on how to properly select a racehorse and event. It is helpful to study the raceforms and the history of the event that you are placing your bet on.

Next, you can maximize your wagers if you study certain betting systems and the different types of bets. It would be easy to plan a perfect strategy if you know this information.

Lastly, there is nothing more essential in any type of gambling activity than managing your bankroll properly. By doing so, you can control your bet spending and maximize your wagers.

Conclusion

A breakage is a common issue in horserace betting that has been occurring in all horse race events. While it could affect your online sports betting a little, it would certainly not take huge portions from your winnings.