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There is a better option. Base your bets on information that you collect about the different horses and then make a calculated guess,
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1. Check out the weather, and then check how the horses in the race fared accordingly. Certain horses have a tendency to outlast others in the rain,
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2. Do not think that older horses run slower than three year old ones as the season comes to a close. This is just not true. What you have to check is how many races each horse did run. Sometimes horses compete in too many races and this slows them down,
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3. Surprisingly, though you might think that there is a direct ratio between the weight of the jockey and how fast the horse can run,
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6. Check the pedigree of the horses,
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