Prize Winning Strategies and Tips for Horse Racing
Horse racing is a sport that allows punters to participate directly in the game through the act of placing a bet. In online betting platforms, placing a bet on a horse race is just one click away. The thrill of waging and watching horse racing is accessible like never before in online casinos. Punters from all around the world can bet without being at the racetrack. Watching the action unfold from the convenience of a website.
Horse racing is just a slice of the lucrative and advantageous gambling industry pie. The total bets punters wagered on races in 2015 rose 1.2 percent over 2014. It also rose 4.4 percent in the first four months of 2016 compared to the same period just a year prior. These findings were collected by the Jockey Club and Equibase which tracks horse racing statistics.
Horse Racing is as lucrative as it is successful
It’s a gamble that is as old as time, betting on which horse is going to win. Punters who are truly successful at horse racing have a strong work ethic and they tend to work hard at giving themselves an advantage. If your goal is to improve your strategy, then these tips in horse racing will better your betting technique.
With the right kind of information, a punter is in a stronger position to choose which horse has the winning advantage in a race. Betting on horse racing is exciting because of all the ways a punter can analyze the data. Placing a bet is super interesting because of the varied types of bets that are out there. It’s a fun challenge to test one’s intellectual prowess by analyzing the horse statistics before trying to pick a winner.
HORSE RACING TIPS AND STRATEGIES
Use discipline and have a betting strategy
Before the race begins, be sure to answer these questions before placing your first bet:
- 1. Who are the top trainers and jockeys at each track?
- 2. How does the track play?
- 3. What is the current condition of the track?
Plan what races you’re going to play. Try to avoid short fields with just five or six runners. Concentrate on larger fields with more betting value.
Taking into account the size of your bankroll, decide what types of wagers would best suit your style of betting. If you’re conservative then you can play bets like: win, place, exactas, and daily doubles. If you have a larger bankroll then by all means enjoy waging more lucrative bets like: trifectas, superfectas, and Pick 4 bets.
KNOW THE LINGO
When you’re placing a bet, a punter needs to know how to speak the game especially if they are going to talk shop and wager a friendly bet.
Win Bet – A bet that the horse the punter chooses will win the race.
Place Bet – A bet that the horse the punter chose will come in second. Note: A place bet is also a winning bet if the horse you chose comes in first.
Show Bet – A bet that the horse a punter chose will come in third. Note: A show bet is also a winning bet if the horse you chose comes in first or second.
Win, Place, and Show Bet (also called the Across The Board Bet) – Bets that are placed on the first, second, and third place finishers. Each count as a separate bet.
Exacta Bet – A bet that is placed on the exact first and second place finishers in that exact order.
Trifecta Bet – A bet that is wagered on the exact first, second, and third place finishers in that exact order.
Daily Double Bet – A bet that is place on the first place finishers in two consecutive races.
Box Bet – Any of the above bets can be ‘boxed’ for an additional bet. For instance, instead of paying 2 Euros for an Exacta bet requiring the horses to finish in an exact first and second place order, a punter can pay 4 Euros for an Exacta Box bet. In this way, the punter will win the Exacta bet regardless of which of the two horses comes in first.
Hone your handicapping skills
Handicapping is when the horse that has the best chance to win is selected after reviewing the stats and figures from the Daily Racing Form (DRF). Reviewing the Beyer Speed Figures allows a punter to estimate the horse’s past performance and this info is located in the middle of each DRF. It’s typical to choose the horse with the highest last-race Beyer because of its pace and speed.
- Pace projections: The first bold-face number in the DRF indicates the pace. This shows whether the horse is likely to be in the lead or not.
- Speed projections: The 2nd boldface number is speed. It shows the horse’s ability to pass other horses as they near the finish line.
BE AWARE OF THE TRACK BIAS
A track bias depends on the track and the weather. Every horse has a preferred racing surface. While one horse’s favorite could be turf, another horse’s favorite is dirt. A punter needs to understand how their horse will perform on the track they’re racing on. No factor in handicapping can change a race quite like track bias.
Look at the race distance of the track. Be aware of how your horse has performed racing on tracks similar to this track in the past. Ask yourself the hard question: How has this horse run in races of this similar length?
CONSIDER FORM STYLES OF THE HORSE
When handicapping, punters need to ask themselves questions about each horse. Which horses raced against a bias last out? Which horses can be expected to offer their peak performance today? Was the horse’s last race a true telling of its ability? Is she likely to improve or digress on race day?
KNOW THE ODDS INVOLVED IN HORSE RACING
Odds in horse racing are based upon how much money punters have bet on each horse. The odds for each horse change as more and more bets are placed. Those odds determine what winners are paid after the race has concluded.
Beware of payouts because the actual payout for winning 1st is less than what’s listed because of hidden fees like taxes. Lesser amounts than what are listed are paid to 2nd and 3rd place because of taxes too.
Horse Racing Is A Numbers Game
Techniques involved in the numbers game of horse racing include, but are not limited to are:
- Hedging: When a punter bets on multiple horses spreading the risk.
- Arbitrage: laying a horse when odds are low and backing it when odds are high.
WAGER A BET IN HORSE RACING AT THE PRIME MOMENT
Successful punters are forever on the lookout for opportunities that present the most optimal betting value. When you find a horse that you suspect should be around 2/1 and his odds on the board are 4/1, it’s time to place a friendly wager. If you think your horse should be around 4/1 but his odds are 2/1, then it’s time to move on and look for a better bet.
Selecting a Winning Racebook
Use a reputable Racebook. Most Racebooks offer generous sign-up bonuses on the first deposit. Be on the lookout for great rebates on wagering too. These rebates can range from 3% to 8% which greatly enhances a punters bottom line of coming up. Using the right Racebook can not only lead to turning profits, it can also become a winning relationship.
HAVE FUN WITH HORSE BETTING
Don’t just pick a horse by its name. Rather challenge yourself and see if you can use all the available statistics about the horses to place your winning bet. All the information you may need is already on the internet.
There are numerous online horse racing betting sites on the web. Compare the odds available on races on different sites and place your bet with a click of a button. Online betting sites also make it easy for punters to do research about their bet with race results and statistics.
Most of horse racing betting sites are accessible through mobile devices which means you can have fun with horse racing whenever and wherever a punter wants. Online gambling sites are superior to the actual racecourse because they offer superb bonuses and promotions. Some of which you can actually get extra money back or free bets just by placing your bets.
BET WHAT YOU CAN AFFORD TO LOSE
If you’re just starting out with horse betting, make small bets. If you really want to see how strong your analytical skills are then make paper bets. Write down what bets you would have placed on which horses and then see how well you do. This way you can enjoy the prospect of picking a winning horse without feeling like you have anything to lose.
Punters should always set a budget and stick to it. You want to enjoy waking up the day after betting on that race and be happy with yourself so do yourself a favor and bet accordingly. Never chase your losses.
It’s better to walk away than to dig a deeper hole than you’ve already sunk into. If you’re experiencing a poor day at the tracks then consider taking a break. Reduce your stakes and you may be surprised to see the clarity of your perspective and confidence return.