Today, The Professor explains the wagering technique “pounding chalk.”
If you have been reading my handicapping tips, you know that I am always preaching about getting value for your investments. This almost always means not playing heavy favorites. There are times, however, when the favorites look very strong and instead of just passing the race, you can do what is called “pounding chalk.” This phrase refers to, instead of spreading your wagers around and trying to get a large payoff on an exotic wager, using those funds to try and hit the bet or bets multiple times. You are wagering the same amount on the race, but instead of hoping for a large payoff, you are trying to get value by hitting a smaller payout multiple times. This method can be effective on stakes races, when there are obvious mismatches and the favorites are just too strong to try and beat. Be cautious in doing this too much though because, as we all know, in greyhound racing anything can and does happen.
In summary, my theory on trying to beat the favorites, I believe , is still the best way to turn a profit, but by varying your play in certain situations, you can turn a profit by playing favorites as well.
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