One of the most popular sports betting events in the world is horse racing! Yes, it’s not just reserved for the rich or the royals. Once you get hooked, you’ll actually find that betting on horse races can be very fun. In fact, the game isn’t valued that much on the thrill of the sport per se. It has more to do with the thrill of the bets.
But, if you aren’t careful, this fun can also translate into losses.
That said, there are some tips and tricks you can apply in order to have the right horse racing picks, as well as to avoid losses as much as you can (even if these are part of the game). These include:
1. Budget Intelligently
Just because you’re sports betting, this doesn’t mean that right from the very beginning, you’ll blow all your money off. Like many things in life, you also have to learn how to budget your betting intelligently. Otherwise, you may be overspending or not have enough money to continue betting towards the end of the horse race.
If you like a couple of runners on the race card, you should bet a majority (or all) of your bankroll on the horses on which you have the most trust in terms of their winnings. This means betting on the top two or three horses that you’ve picked. If you’re on the track for the entire day, bet low on the beginning on the horses you don’t feel strongly about. Then, leave most of the money on your top bets.
2. Do Your Homework
There are so many people who bet on horses all the time. But, not every one of these people actually does their homework and research. As with any sport, you need to get to know more about the game so you can better understand what it takes to play and win the game successfully.
It pays to take that extra step of doing ample research by checking forums, reading blogs, and even going through other reputable online resources, before you actually select a horse to bet on. It doesn’t always have to be thorough. Even a simple step such as looking at the racing program before you bet can significantly increase your likelihood of winning.
A racing program is also referred to as a form guide. This contains all of the information you need to know about the horses that are competing in a particular race. While it won’t tell you deliberately which horse to bet on, it can help you make a more informed decision.
Here are some tips you can follow:
- Use the race guide to have some background about a specific race.
- Understand the different tracks available on each location as these can have either dirt tracks or turfs.
- Get information about each horse competing in that particular race.
3. Demand A Price
Demanding a price may be something you’ll need help with, especially if you’re not well-versed yet about horses.
For instance, if you’re lucky, you can find horses for every game that gives you a higher likelihood of winning than the average odds. For instance, if you think your chosen horse has 25% chance of winning and the odds are at 5-1 (20%), then you’ve got a value pick. This means that the horse you pick should be one that has a higher chance at winning than the morning line odds.
The most important thing for you to remember when betting is that your picks should offer value.
4. Make Different Kinds Of Bets
A wager isn’t the only kind of bet that you can make in a horse race. In a wager, you’re basically just choosing a horse that you feel will win, and trusting in your instincts that, hopefully, you’re right.
But, if you want to take horse betting to the next level, you’ve got to learn how to use different kinds of bets and use the right strategies for them.
Some of the other kinds of bets are:
- Place, show, and across-the-boards bet. This increases your chances of winning because right at the beginning, you’ve got two chances to get it right, other than just one. This kind of betting allows you to hedge your bet quite a bit.
- Multiple horse bets. This kind of betting is an exciting way to bet on multiple horses in the same race. If you’ve done your homework, you can have a higher payout in this kind of betting.
- Multiple race bets. Instead of betting on multiple horses, you’re betting on multiple races. But, remember: the higher the payout, the higher the risk. Be very careful.
With these tips on your plate, now you can have a higher chance of wagering through winning bets. You can definitely use different kinds of bets to your advantage so that you’ll lessen the risk of losing. There’s more fun when you’re able to take home your winnings! From researching more about the sport, the players, and the techniques, and even to getting to know more about shopping for the odds, these will all lead you towards finding the best bet.