It might be known as the Sport of Kings, but you don’t need to have royal roots to enjoy horse racing betting. Loved the world over but having a sporting base in Europe (the UK in particular), horse racing is a sport that’s loved by pauper and princes in equal measure.
Although the latter are more likely to be the ones owning the horses, the former can get just as involved in the action by staking their money on a race. From win bets to forecasts and tricasts, horse racing betting is one of the largest sports betting markets in the world and, while you probably won’t win enough to buy yourself a kingdom, there is certainly a wealth of riches out there if you know what you’re doing.
However, if you want to make a success of things when it comes to horse racing, betting and any other aspect of the sport, you need to know what you’re doing. Simply anteing up and choosing a runner with the quirkiest name isn’t the best way to make money from this sport. Fortunately, there are some simple steps you can take to improve your horse racing betting win rate.
Horse Racing Betting Basics
The first thing to note is that horse racing is split into three main categories: flat racing, jump racing and harness racing. The second thing you need to consider is the types of horse racing bets that are available to you. In general, the main wagers on offer are: win bets, each-way bets (where a horse can finish 1st, 2nd or 3rd and sometimes 4th), forecasts (you must name the first two horses in order), reverse forecasts (pick the first two horses in any order) and tricasts (pick the first three horses in order).
Beyond these wagers, which are known as singles (although e/w, forecasts and tricasts contain more than one bet you are still betting on a single race), you’ll also find accumulators in the horse racing betting world. These bets require a punter to pick the winner of two, three or four+ separate races. Although there are a lot of merits in terms of potential returns when it comes to accumulators, these are known as high-risk bets because just one mistake in any race can cost you a win.
One of the biggest pitfalls you need to avoid when you bet on horse racing is the myriad of “expert” betting systems on the market. Many people often come up with complex ways to wager and claim it’s the best way to make money from horse racing betting, but the reality is that most of them don’t work. Although the promise of “guaranteed returns” is often alluring, it’s much better to focus on solid research, careful bankroll management and perfect timing if you want to make a lot of money from horse racing.
Horse Racing | Betting Tips for Novices
Before you risk your money, we suggest you firstly find a suitable horse racing betting bonus. Because the sport is one of the largest in the online betting world, it’s possible to find a slew of added value and free cash every day of the week. Through an affiliate or promotional message, take advantage of the latest free wager, no lose bet and enhanced odds offer. Doing this, especially at the start of your horse racing betting career, will allow you to make mistakes but not crush your bankroll.
Once you’ve used online betting bonuses to cover your mistakes, you can then use them to supplement your income once you have a better understanding of the sport. Through a process of research and analysis, you should be able to build up an idea of the horses that represent good value and those that don’t.
After you’ve pieced these two important elements together you’ll not only have a solid horse racing betting strategy, but a much healthier bankroll. While it may not be a king’s ransom, it will certainly be enough to give you a pocketful of spare cash.
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Frequently Asked Questions
The length of a horse racing track can vary, but most tracks are around one mile (1.6 kilometers) in length for flat racing. For steeplechase or hurdle racing, tracks may be longer and include jumps.
The main types of horse races are flat racing, steeplechase (jump racing), and harness racing. In flat racing, horses run on a level track without any obstacles. Steeplechase involves jumping over hurdles and fences, while harness racing involves horses pulling a driver in a two-wheeled cart called a sulky.
Horses are classified based on their age, sex, and racing performance. Different races have specific criteria for the horses allowed to participate, such as age restrictions and handicapping weights.
Bookmakers set odds based on the perceived chances of each horse winning the race. Factors like the horse’s past performance, jockey, track conditions, and the betting market influence the odds.
A horse’s form refers to its recent racing performances, including the positions and results in previous races. Understanding a horse’s form helps bettors assess its current condition and potential for success in upcoming races.