Horse racing is a sport that has been around for a long time, and betting on horse racing has been popularised ever since the sport began. Thoroughbred horse racing is a prevalent spectator sport, and there are so many racecourses all around the country. In fact, there are over 300 different courses. Watching the horses run is exhilarating in itself, but betting on the horses adds another layer of excitement.
Let’s look at everything you need to know to get started on betting on horse racing.
Why you Should Be Betting on Horse Races
Betting on horses is a high-stakes and big rewards game to play. By following daily racing tips and keeping a close eye on the top-performing horses, you can most probably win something and make a profit. Aside from the winnings on bets, there are a lot of bonuses and promotions to be taken advantage of. Some wagering websites even allow you rebates on your bet, depending on the site and how often you are betting.
There are also many different types of bets that you can place so that it is easy to find the kind of bet best suited to you. You can place a “win bet,” meaning that you simply pick the name of the horse that you think will win the race. You can also go for the less daunting “show bet,” where you pick horses that could come in at first, second or third place in the race.
Betting Tools
If you’re going to the racecourses to watch the horses live and plan on betting, there are some tools you will need to keep on you. Of course, you’ll want some binoculars to be able to see the horses up close and a hat to keep the sun out of your face.
But what’s more important for betting is that you have the race program and your daily racing form. The race program will give you an outline of all the races of the day, the different horses that are racing, and their statistics and strengths. It will also provide you with information on the trainers and owners of the horses. The daily racing form provides information on the horses’ past performances to decide which horse you want to bet on.
To get started on a bet, whether you’re at the racecourse or placing the bet online, make sure to state down the following: the name of the racetrack, the race that you’re betting on, the dollar amount of your bet, the type of bet, and name or number of the horse you’re betting on.
Tips for Betting on Horse Racing
There are a few ways to ensure that your odds of winning increase. While the races are going on, commentators and other experts give advice on the horses and the races. It’s essential to keep an ear out for this advice and follow any tips you may get.
The top ten riders usually tend to win about ninety percent of the races. If you’re just starting and looking for a safer bet, then it would be a good idea to stick to the top ten for your bets. Similarly, the favorite horses win around thirty percent of the time, so you would be better off betting on the horses that have won previous races. For more straightforward bets, however, the payoffs can be lower. But a lower payoff is better than a high-stakes bet where you make a loss.
In general, it is a good idea to keep up to date on horse racing news, betting plans, previews, and daily racing tips, as well as race results. This way, you get a better idea of how the races work and build more confidence in figuring out which horse is likely to win. You can visit NEDS for the latest tips on horse races and improve your betting chances. The tips are updated every day and give you more insight into racing horses and their strengths and weaknesses.
If you think you want to start betting on horse racing, we suggest you start with more straightforward bets with a lower payoff and work your way up to the higher stakes bets. Horse racing bets can be very profitable and make you a reasonable sum of money if done right. Follow the latest tips and keep up with racing news so that you can make well-informed bets and win some rewards.
Gamble responsibly. Contact the Gambling Helpline for free and confidential support, information, and counseling on 1800 858 858 or visit www.gamblinghelponline.org.au.
