The simplest way of looking at what does open spot mean in betting is to compare it with the standard bet. There are three types of bets in horse racing: the win, place and show. On win bets, the place bettor has the inside edge, meaning that he makes his money before the race starts. On show bets, which are placed by non-winners, the place bettor has the outside edge. Therefore, it is expected that the win or place bettor will be behind the winner in the morning line. But how do we know that he is really ahead?
One way is to find out if the trainer has changed his or her speed during the night. Sometimes the trainer may jockey for a new horse in the morning line and show an improvement in speed. If you find this, then your odds have improved. If the horse shows improved effort in the stretch, then he or she may have added some mileage to the horse during the practice sessions leading up to the race.
Another way is to check the weather conditions on the day of the race. It is better to bet during a wetter day. It means that the trainer may not have had enough time to prepare the horse for a big race. Thus, it could mean that the trainer is trying to select a cheaper race and get it over and done with as possible. This means that the weather conditions have had a bigger impact on the horse’s performance than the trainer’s selection criteria.
In addition, sometimes the trainer will bet a horse with a better price in the morning line but will start the race with another horse. This is called “bumping.” Sometimes the reason is tactical. Maybe the other horse is a better runner. If this happens, you have doubled your money!
Sometimes what does open spot mean in betting is a bad horse race. In order to decide whether a horse is good or bad, you need to look at the reasons why the horse lost the race in the morning line. Was it due to a mechanical problem or illness? Was the jockey confused about his or her starting position?
If it is the latter, then you should probably fold because the chances of winning are not there. On the other hand, if it is the former, then you can try to figure out what happened so that you can prevent it from happening again. Look for the next morning line and see if the next competing horse is running with mechanical problems or ill health.
Also, what does open spot mean in betting is when you have picked up a low bet but are betting more on the underdogs. Why is this? Is the bet board being unfair to the bettor? It may be, especially if the bettor has picked some highly ranked horse and is still betting more on the underdogs than on the favorites.
If you find that what does open spot mean in betting is when the bettors have more money on the horses that will win than the ones they bet on, then you need to check the odds again. There may be something wrong with the board. There are also cases when the bettors win more than the amount of the stake, which is then returned to them by the system. If you know that what does open spot mean in betting means that you are likely to get more money back, then you have really found an excellent method in placing your bets.