"A Statistical Approach to Betting the Horse Races" provides historical results from over 8,000 races and 23 racetracks. In the beginning sections, simple probability and statistics are discussed to give the reader a basic understanding of how statistics relate to gambling in general. Other basics such as morning line odds, real time odds, and the para-mutual betting system are explained. Finish position, trifecta, superfecta, and pick-3 statistical results are provided in track by track easy to read hit frequency and efficiency charts. The data is based on the final real time odds with the race favorite being the "A" horse. The next most bet horse is the "B" horse and so on to the last horse in the race.