Horse racing is one of the most wagered sports in America. Despite the long years of history since its first run, it is still a popular sport today that many people love to see. The excitement it brings does not actually revolve around the sport itself, but on the thrill it brings when betting on horses.
There are a lot of bettors in this kind of sport. Some are here for a serious profit, and some are just for social fun. Either way, they aim for a winning bet, and that’s not easy. Find out how to bet on horses more effectively down below.
Do Your Research on the Horses
Out of all bettors in the field of horse racing, only a few research before they place their wagers. This will be significant in increasing your chances of winning since you are predicting the outcome of the race more objectively rather than relying on luck. One way to do this is by understanding racing forms.
A racing form or a guide form will provide you with a lot of information about the race’s contenders and the race itself. The forms are going to help you go for an objective approach in decision making. This way, you have a higher chance of winning your bet.
The form contains essential information about the race, such as race venue, distance course, type of track, requirements for the horses, and race classification. It also gives many insightful details about the horse, such as the history of performance, odds of winning, work-outs, saddle towel color, statistical record, the jockey, and other more.
Odds Shopping in Different Sports Betting Sites
If you want to have a better overall payout on your horse bets, make sure to browse and shop odds on different betting sites for horse racing events. This can impact your profit since you have to go for good odds on the horses. The better the odds, the bigger money you will receive.
Different gambling sites also provide good deals and offers. There are some with bonuses for the first-timers or more offers for the consistent bettors. You can also consider those in betting.
Now that major horse racing events are ongoing with the Preakness and Belmont Stakes, you may immediately shop for great odds for a higher payout. You can find some on https://www.tvg.com/, plus their betting guides, for a higher probability of winning bets.
Vary Your Horse Bets
There are many bettors in horse racing that focus more on the main bet types―win, place, and show bets. These bet types are easy to understand and have less risk for losing. However, the payouts here are not that huge. If you aim for a higher profit, vary your horse bets by learning other betting options.
Multiple horse bets and exotic bets can significantly improve your potential payouts once your bet wins. However, these types require more skills in handicapping and more intelligent decision-making. Thus, there are higher risks when you come betting here unprepared.
Learn the betting system for each betting type and how they work by reading articles on the internet. Afterward, you may try it in the actual scenario and apply what you have learned. But make sure to place small money in wagering first. Anyway, this will be doubled when luck is on your side.
Explore Other Horse Races Out There
The thing in horse race betting is that the more you wager, the more you must win. But in order to do that, you should not place yourself in a single horse race forever. There are a lot of horse races out there that you probably have not explored yet.
The Kentucky Derby is indeed the most popular event in horse racing. But you have to know that this is only the first event in the Triple Crown series―Derby, Preakness, and Belmont). If your bet loses on the Derby, Preakness Stakes and Belmont Stakes can still save you up.
Aside from the Triple Crown, there are also different kinds of horse races to know further. Few of those are flat racing and jump racing or steeplechasing. Others are endurance racing, harness racing, and quarter horse racing. Although the betting system here might be a bit different, you will still enjoy and receive money here.
Although there are various races out there, you need to know that you do not have to place bets on every single one. Just be wise on which races you are going to wager.
Before Anything Else, Budget First!
The most important thing in betting is to learn how to control your cash. Bankroll management is a must for you to keep track of the money you have to avoid losing more. You need to make betting and budget plans to execute this.
In making those, you have to stay committed to it no matter what the consequences are. Be disciplined enough to not be tempted by bigger bets. Trust your plans, and it will bring something big in return.
Betting in horse racing is challenging because of the unpredictable measures of the race. However, you can definitely still manage to get your bets to win with the proper knowledge to apply to your horse picks. Happy betting!