Horse racing is a thrilling and exciting sport, and for those who are involved in it, the terminology and jargon can often be confusing. One term that is used often in horse racing is ITM, which stands for “In The Money.” But what exactly does it mean and how can it affect your betting? In this article, we’ll take a look at what ITM means in horse racing, and how it can impact your betting decisions.
What Is ITM in Horse Racing?
ITM stands for ‘in the money’ and it is a term used to describe the horses that finish in a winning position in a race. Generally, the first three horses to cross the finish line are considered to be ‘in the money’, although it can depend on the type of race and the rules of the track. It is important to note that a horse that is in the money does not necessarily mean that it has won the race, as the winner is typically the horse that crosses the finish line first.
What Are the Benefits of Betting on an ITM Horse?
Betting on an ITM horse is generally considered to be a safer bet than betting on a horse that has not been in the money, as it indicates that the horse has a higher chance of success. By betting on an ITM horse, you are also likely to get better odds as the odds are usually calculated based on the past performance of the horse in question.
Betting on an ITM horse also allows you to hedge your bets. This means that if your chosen horse does not win, you can still get some of your money back if it finishes in the money. This can be a great way to reduce your losses, as you are less likely to lose the entire amount of your bet if your chosen horse does not win.
How to Calculate the ITM Percentage?
The ITM percentage is usually calculated by taking the number of times a horse has been in the money, divided by the total number of races it has run. This figure can be used to give you an idea of the horse’s success rate. Generally, a higher ITM percentage indicates that the horse is more likely to finish in the money, while a lower ITM percentage suggests that the horse is less successful.
It is important to note that the ITM percentage is only one factor to consider when betting on a horse. It is also important to take into account the form of the horse, the track conditions, and any other factors that may affect the outcome of the race.
Conclusion
ITM stands for ‘in the money’, and it is a term used to describe the horses that finish in a winning position in a race. Betting on an ITM horse is generally considered to be a safer bet than betting on a horse that has not been in the money, as it indicates that the horse has a higher chance of success. The ITM percentage is usually calculated by taking the number of times a horse has been in the money, divided by the total number of races it has run. It is important to note that the ITM percentage is only one factor to consider when betting on a horse, and that other factors should also be taken into account.