Did you know that horse racing is the third most popular sport? This is impressive since there are tons of sports betting games, and we often think that many people are unfamiliar with horses compared to football.
Everyone who watches a horse race may wager on a game, but only a few come out as winners.
Although horse races are all about the thrill of the sport, it does not hurt to know how to bet on horses to win some money while enjoying a fun day out with friends and family. Here is the best betting advice you need to help increase your payouts in no time.
Do Your Research
Thousands of people bet a lot of money on horse races every year. However, only a tiny percentage of those people have the knowledge it takes to bet on horses the right way. Even if you have a quick glance at the racing program in advance, you can increase your odds of winning.
Racing forms or guides will provide the best information you need for betting on the right horse. Even though it will not tell you which horse you should bet on, it will give you enough information to make the most informed decision before throwing down your money.
The first step is to get as much background information on the horse race itself. The top of a racing form should list the location and time of the race. This should also mention the distance of the entire course. Under that, you should see the requirements to enter the competition.
A quick Google search should help you find out the track type available at each racing location. For instance, if you bet on multiple horse races, you can quickly determine which areas have turf, dirt tracks, or both.
Then you should look for information about each of the horses competing in the race. You should see a horse’s draw to the right side of their assigned number. This draw is the starting point the horse has in the stalls. This is the most valuable information you need before choosing the horse you will bet on.
Study Each Track
A guide should also tell you a horse’s rank in their previous races. This should be listed under the horse’s number.
Remember that the rankings will be recorded in order of win. This varies according to the number of horses in each race. Knowing which horses are always in the top three is the best way to determine who will win again.
However, every race is different, and some tracks are shorter than others. Therefore, the more information you have about a horse, the more likely you can predict the odds of winning by noticing correlations. For example, you may see a pattern of a horse who wins more on a dirt track.
Recognizing these patterns can influence your selection of a race. Next to a horse’s number, you should also see another number and letters. The number should tell you how long it has been since the horse’s last race. The letters are a code to describe a horse’s track record.
Always do a quick internet search on the trainers and riders of the horses you want to bet on. The trainer’s winning record will also be a good indicator to determine if your chosen horse will place in the top three. Check out these Derby predictions to up your game.
Make Different Bets
Many sports gamblers go for the most common type of wager for horse races. This is the win bet. You can choose which horse you think will win and hope for the best. However, you miss out on several other bets that can land you a more significant win.
It is always best to play with different bets to increase your chances of a payout. Learn the different kinds of bets and the systems used to calculate payouts. These will vary around the world depending on the track. Another betting type is to go for fixed odds.
This is where you work with a bookkeeper and stake a wager. They have established the odds for the bet, so your payout is calculated on the amount you staked times the odds. However, many bookmakers use a starting price. This means that the odds may not be known until the race starts and everybody’s bets are in.
Shop for Odds
This is one of the best gambling tips to help increase your overall payout. After choosing the horse you want to bet on, you have to select the type of bet you are interested in placing before shopping for the odds. It always helps to check with various gambling sites and your local bookmaker.
By knowing the odds for a bet, you can choose the options that give you the maximum chances of winning. Although shopping the odds does not seem like it makes a big difference because you only make a few extra dollars on each bet, it is more profitable in the long run if you bet regularly.
Those extra dollars you win will add up. When you check different sites for races, you will notice a pattern of which platforms offer the best odds.
Do not forget to consider the bonuses provided by each site to narrow down your search. An online sportsbook is more likely to offer gifts and rewards because they make a lot of money when you lose.
How to Bet on Horses Today
Now that you know how to bet on horses like a winner, it is time to place your bets. Start with some research to increase your chances of winning. Even something as simple as knowing which horses are always in the top 3 can work in your favor.
Then you should shop around to find the best platform that offers incentives to join. They will also provide the best odds to increase your overall payout. If you enjoyed reading this betting advice, check out some of our other posts for more information.