Odds On Ron Review - Paul Thistlewood Horse Betting Guide Now Out

May 28, 2012 - PRLog -- Paul Thistlewood just announced the release of his latest horse betting guide. The biggest difference with this scenario is that Paul isn't a huge betting guru. He claims to just be a regular guy who has found a simple way to win consistently at horse race betting.

You can see more information here http://www.kxsk.net/2012/odds-on-ron.html

Odds on Ron is a system given to Paul by his long term betting partner Ron, hence the name. This horse betting guide is not based on mathematical formulas as peddled by the "gurus".

A fun way and exciting way to earn money is to bet on horse races. People who bet on horse races try to understand horse betting odds and use it to their advantage.

It is quite surprising how many horse bettors out there do not understand horse betting odds at all.

The odds quoted will tell you the amount of profit you will get and the amount you have to bet to get it when horse betting. Thus, 6-5 means you will get $6 profit for every $5 wagered.

Calculating the exact win odds on a horse will require you to know the following such as;

Total Win Pool and the

Amount Bet on that horse.

The Total Win Pool is all the money bet on all the horses to win, but is not necessarily the amount that will actually be paid out to the holders of winning tickets.

Before the racetrack pays off the winners they deduct the "take" which generally comes between 14% and 20% and is different for every state. This money is used to cover the state and local taxes, purse money for the horsemen, expenses at the track and the track's profit. To find the exact odds, you have to calculate the exact odds on your horse and subtract the take from the total pool.

Then subtract the amount bet on your horse to give you the amount of cash to be paid out. Divide that figure by the amount bet on your horse to get the exact odds. This figure will always be rounded off to the nearest dime (usually) or nickel as mentioned above before the payoffs are calculated. Ask yourself, is it really worth the extra effort for the amount bet?

Odds on Ron may just be the guide to see for betting. You can see more information here http://www.kxsk.net/2012/odds-on-ron.html