If you've got a winning horse, that's great. You're going to have to find "value," though, if you're going to make real money playing the races. Value refers to horses that are sometimes called "overlays," or horses that go off at odds that are higher than what the horseplayer's analysis dictates the horse's fair odds should be. The higher the odds, the more money the horse will pay if it wins or if it places in a winning exotic ticket.
If you study a race and think a horse is good enough that its odds should be be 2-to-1 ($6 average return for a $2 win bet) or lower, and instead you can bet the horse at odds of 5-to-1 ($12 average return on a $2 win bet), that's a horse who is offering good value. Next week on The Action, VALUE made SIMPLE and how to use STATS Race Lens to identify smart bets.
