Horse racing is one of the most popular sports in the world when it comes to betting, and there is a good reason why. First of all, horse racing is an exciting sport to watch on its own, but when combined with betting it provides the ultimate user excitement that every person desires.
Additionally, horse racing has one of the biggest odds among all other sports, which gives you a chance to win a life-changing amount of money only from one bet. With that said, horse racing is also more unpredictable than other sports, which means that you need some sort of strategy in order to improve your winning chances.
So, whether you have years of experience in horse racing betting or you are a rookie in the process, here are some strategies that can help you make more money.
Do Your Homework
It is important to understand that horse racing is a sport that heavily relies on data. This means to analyze possibilities and possible outcomes you have to dig deeper into its data and all previous horse racing results.
In other words, you have to do your homework by researching all competitors and analyzing their previous results until you narrow down your selection to a few horses that might have the best chance of winning the race.
Horse racing is also a sport where there are many different factors that can change the outcome of a race. From the racetrack conditions to the horse’s pace, bond with the jockey, tiredness of the horse, weather conditions, resting times, and so on, your job should be to find the factors that have the biggest impact on each horse and consider them before placing a bet.
Due to a large amount of data available online, researching participants before a race is actually pretty easy. Unfortunately, there isn’t a pre-defined strategy that is guaranteed that it works. The research process can only be learned through participating in horse racing betting.
You can also try a horse betting calculator, which helps you to calculate the odds and does the work for you. For example, the horse betting calculator by TwinSpires.com is one of the most used by experts and professionals and it should be useful for any upcoming event.
Diversify Your Betting Strategy
Horse racing is a sport that gives you plenty of betting opportunities, even though most people stick to the simple ones of choosing the winner of a race. However, there are plenty of bets to choose from and it is best to diversify your betting strategy and make different kinds of bets, especially in the beginning just to learn more about the entire process.
Standard Wagers
Win-Place-Show Bets
The Win bet is the most straightforward allowing you to choose the winner of the race.
The Place bet is choosing a horse that will finish first or second
The Show bet is choosing a horse that might finish first, second or third.
These are the basic bets that are most common in the world of horse racing betting. If you want to spice things up you can introduce exotic wagers which will make the entire process more fun and increase your winnings.
Exotic Wagers
Exacta – Choosing the top two finishers in the exact order
Quinella – Choosing the top two finishers in whichever order
Trifecta – Choosing the top three finishers in exact order
Superfecta – Choosing the top four finishers in exact order
Choose the Best Odds
Horse racing betting is an activity that is heavily present on the internet. This means that majority of horse racing bets are placed through online bookies that place bets online. Since we are talking about online betting, it is fairly easy to shop the odds and choose a bookie that provides the most competitive odds.
Even though this might look like a small difference, it will make a huge difference in the long run. So, before placing a bet on a horse race, try browsing through multiple online bookies and find out which one offers the best odds.
Choose Which Races to Bet On
Horse racing betting is an exciting process that might turn into a nightmare if you don’t know your limits. It is important to establish clear rules about which race you should bet on in order to increase your winnings in the long run. The Belmont Stakes is coming on soon on June 11th and this one might be an interesting race to bet, since it’s one of the Triple Crown events.
Experts usually handicap races and choose the ones that have the most data in the betting process. So, if you don’t have enough data about a race or you don’t have a horse that has the biggest potential for winning the race, it is best to avoid betting on that particular race.