Horse racing is one of the most popular sporting events to bet on nowadays. Millions of fans worldwide are intrigued by the numerous possibilities and profits that horse race betting offers.
Horse races, like other sports, are completely unpredictable, making them entertaining for many adrenaline-junkie fans and bettors alike. But, if you’re a complete beginner in these events, how would you know how to proceed and place your bets?
Let’s take a look.
Types of Horse Race Bets
The most important thing you must understand in this list is the bet types you can place on horse races. You can enjoy more payouts and greater deals by using wagering types to your advantage.
Read the following to learn more about the types of bets you can place!
These are the purest form of betting types. If you’re curious about betting on a single horse, give these standard bets a try!● Win bets. These are the most straightforward bets on the list. If your chosen racehorse wins the race, you win as well. It’s as simple as that. ● Place bet. Are you concerned that your top choice may not win the top spot? This type of bet covers this possibility. It allows you to wager on a horse that may finish in the first or second spot. ● Show bet. It’s considered the most straightforward bet in horse racing. It’s because you would merely bet on a single horse that you think will win first, second, or third place. Indeed, the payoffs are smaller than win or place bets, but it secures the possibility if ever your horse scores in third place.
If the standard wagers revolve around a single horse, in exotic wagers, you will pick two or more horses to place your bets. They’re harder to win than win, place, or show bets, but the payoffs are worth the try. ● Exacta bets. It’s one of the oldest exotic wagers. It requires you to pick two horses that you predict will be the race’s top two finishers. You must pick horses in the correct order to win your payouts. If you mastered the standard bets, consider placing an exacta bet.● Trifecta bet. It adds another level of complexity to exacta bets. It requires you to pick the race’s top three finishers in the exact order. As you can see, only the number of horses changed from the exacta bet. ● Superfecta bet. It’s just going one step further than the other exotic wagers on this list, where you would select thetop four finishers of the race.
Do Your Homework
Before anything else, it’s an absolute necessity that you learn about horse racing first. This includes track surfaces, the favorites, the distance of the track, the contenders, and everything else relevant to your horse bets. Keep these factors in mind if you’re not sure what factors to study.
You should also know about the terms bookies use to ensure a pleasant betting experience. When you learn more about horse terms, you’ll be able to distinguish which bets would generate more profit.
When betting early or right on the spot, gathering information about the racehorse, going back to the basics, and reading up on their previous performances is always a must. Doing this helps you prepare for the race and confidently place your bets.
Furthermore, it would be best to consider the horse’s age when betting. For example, the older horse may perform excellently in shorter races but may face difficulties in endurance for longer races, and the opposite may be true for younger contenders.
In addition, you should also consider the travel experience horses would have to go through. Like humans, they could also get motion sickness and fatigue, especially the older horses, which may potentially affect their performance in the race. Thus, ensure that you research this before placing your bets.
The Jockey and the Trainer
While you must study up on the race’s contenders, studying a jockey’s form is equally valuable. While the horses change daily in the races, it’s the opposite for jockeys. You would always see them on the track.
It makes studying the jockey’s form much more valuable. Researching about the jockey and trainer helps you see their track record. You can also evaluate their performances in the past horse racing events.
You can get this information online with just a quick search on the Internet. Thus, gather all of the information about your favorite jockeys and those with a winning streak to evaluate them further.
Let’s now talk about the trainer. Different trainers have different specialties. When betting, ensure that you look into a trainer with the best track record on specific weather conditions and track surfaces.
Avoid Betting With Emotions
One of the most important things you have to remember when horse race betting is to avoid betting with your emotions. It’s what every gambler should pay attention to. Emotions have a way of pushing people to do things that they wouldn’t normally do, such as betting big or consecutively.
When you place bets in a horse race, ensure that you know your winning chances and odds. This way, you’re aware of how to acquire winnings the best way possible and how to improve your profits. Additionally, doing this can help you avoid impulse betting.
Even if bettors can’t fully predict a race’s outcome, it’s always helpful to study informational articles like this to guide you when betting on the race’s top contenders. Be sure to follow through with this list to improve your betting decisions!