Well-liked horse racing software is where the punter simply pays for the rankings outcome created by the user of the software. Commonly the user is a expert analyst who sells the rankings to interested purchasers. In this case the price is much higher than simply paying for the updates to use on your own software program. The price can be as low since $ 100 per week depending on how many racing meetings the service supplier supplies.
For a service that say covers 4 race days per week the cost will differ from $ 1000 - $ 25,000 per month. These numbers might look high but when you bear in mind the results they are often cheap. If the service supplier provides monthly winner at 50/1 and frequent winners each race day, so therefore whatever the price (depending on your standard bet) the service is lucrative.
It is really win proposition for both parties. If the service supplier of the horse racing software charges $ 1000 per month and has 20 clients, he will earn $ 240,000 every year. The gamler on the other hand wants to win more than $ 1000 per week to be in the profit mode.
Whilst the service supplier is really helpful is while he supplies the picks and rated odds. For instance, if a horse is rated at 2/1 and the paying out rate is at 3/1 in today's race, then in the long run the punter will continuously win as his payout rate is 33% higher than the true odds. This is exactly how the bookmaker and casino's create money. They pay out at lesser rates than true odds and therefore will be in front in the long run.
To show point in question bear in mind a coin toss. The chance of heads is 50%, that is 1/1 odds. If you were paid $ 2 for each successful bet of $ 1 you would be level at the end long run. If the casino paid out $ 1.80 for each winning toss therefore over a 100 tosses you would have outlaid $ 100 and would have received $ 90 back which is a loss of $ 10 or 10%.
Now if the casino are to pay you at $ 2.20 for every winning toss you would be in front by 10% at the end of a long run. This is called an overlay and is exactly what the punters are looking for.
For a service that say covers 4 race days per week the cost will differ from $ 1000 - $ 25,000 per month. These numbers might look high but when you bear in mind the results they are often cheap. If the service supplier provides monthly winner at 50/1 and frequent winners each race day, so therefore whatever the price (depending on your standard bet) the service is lucrative.
It is really win proposition for both parties. If the service supplier of the horse racing software charges $ 1000 per month and has 20 clients, he will earn $ 240,000 every year. The gamler on the other hand wants to win more than $ 1000 per week to be in the profit mode.
Whilst the service supplier is really helpful is while he supplies the picks and rated odds. For instance, if a horse is rated at 2/1 and the paying out rate is at 3/1 in today's race, then in the long run the punter will continuously win as his payout rate is 33% higher than the true odds. This is exactly how the bookmaker and casino's create money. They pay out at lesser rates than true odds and therefore will be in front in the long run.
To show point in question bear in mind a coin toss. The chance of heads is 50%, that is 1/1 odds. If you were paid $ 2 for each successful bet of $ 1 you would be level at the end long run. If the casino paid out $ 1.80 for each winning toss therefore over a 100 tosses you would have outlaid $ 100 and would have received $ 90 back which is a loss of $ 10 or 10%.
Now if the casino are to pay you at $ 2.20 for every winning toss you would be in front by 10% at the end of a long run. This is called an overlay and is exactly what the punters are looking for.
About the Author:
Learn more about horse racing software. Stop by Bob Racing's site where you can find out all about cost of horse racing software.
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