Although horse racing is not the most popular sport in viewership compared to basketball, soccer, or even boxing, it’s certainly one of the best sports to place your bet on and watch your excitement go through the roof.
However, getting into the world of horse racing can be difficult. There’s a list of terminologies that you have to understand. Aside from that, there are essential things you have to learn in betting.
Fortunately, there are plenty of tips available for beginners like you. Continue reading to know some of these tips.
- Understand Terminologies
As mentioned above, if you’re looking to start betting on horse racing, you must first understand all the terminologies related to the sport. Before placing any bets, it’s crucial that you are already well versed with the different horse racing terms. The sport has several terminologies you may be unfamiliar with, especially if you’re a beginner. The key here is to keep learning to improve your chances of winning.
The list of horse racing and betting terminologies can be exhausting to study, but it’s vital that you learn all of them. Avoid taking shortcuts when doing your homework because doing so can lead to big losses later on in the race.
- Do Your Research
This is another crucial tip that you can’t afford to miss. You need to know the different types of races, horse breeds, and how the horse racing betting system works. Before each race, you also need to figure out which horses are competing, their track record, and which one is the odds-on favourite to win.
One way to do this is to browse the web for tutorials or tips. There are hundreds of online sites that offer horse racing tips for free.
Another way is to study the form guide. Unfortunately, only a few beginners check the form guide before placing their bets. As indicated earlier, doing your research can significantly increase your chances of winning a bet. Form guides or racing forms are paper handouts that contain vital horse racing information. From here, you’ll know how well a horse has been doing lately, get info about the jockey, and other relevant horse racing data.
- Shop Around For The Best Odds
Indeed, you’d want to place your bet on a horse with the best odds. The same goes when it comes to looking for a betting site. There are thousands of betting sites on the web, also known as bookmakers, but not all are good. That is why it’s essential that you choose a bookmaker that offers the best odds as well as bonuses for signing up on their website.
It’s also a good idea to place your bets on multiple websites. This way, you can maximize your winnings by picking the bookmakers that offer the highest odds for every race.
- Observe The Horses
Among all tips, observing the horses might be the most important. Even though you’ve already collected all the information you can about each horse, taking a physical look at them before placing a bet can do a lot for you. You’ll see how the horses are doing by checking up on them before the race.
For this reason, you may need to visit the paddock. This is where the horses are usually saddled and taken through their paces before a race. Check to see if the odds-on favourite on the form guide looks ready to run and not fazed or nervous.
- Spread Your Bets
It sure is exciting to watch the horse you placed your bet on and root for it to win the race. It’s a straight-up wager that can lead to significant winnings, especially if you get to pick the horse that is another odds-on favourite to win the particular event.
Yet this can also backfire on you. Placing all your bets on a single horse and only sitting down, hoping it will win, is an effective way to lose a lot of money. It’s best if you can spread your bets across different horses on a single event to maximize your chances of earning a significant profit.
You may also want to explore other types of wagering besides betting on the winner, such as which horses will not finish the race.
If you’re still new to horse racing and only started betting recently, ensure you do your homework and study all the information before wagering. Nothing is more exhilarating than seeing your horse finish the race and seeing whether you lost your money or not.