Are you a horse racing enthusiast looking for tips on increasing their winning odds? Or maybe you’re a newbie to the betting industry and need a few tips to get started. Whichever of these categories you fall into, we’ve got you covered! Scroll down to read the top 3 tips for wagering on horse racing.
Do Your Research
About 20% of American punters bet on horses in 2019, but how many of them actually do their research? Just a glance at the racing program at your betting platform can help you place a winning bet. Remember that the form guide won’t tell you which specific horse you should bet on. This includes details like the horse’s name, gender, age, category, color, and weight. However, you’ll learn everything about the horses, and you can make the best and most informed decision.
What are some details you should pay attention to? First, it’s imperative to know what kind of track the race takes. You should also know what horses are included in the top three, as this can be a good indicator of the potential winner. Another essential detail is the name of the horse rider, as well as the trainer and their record. Most importantly, remember that each race is different, and you can never predict the exact outcome.
Compare Odds
Comparing the odds can be a quick and simple way to increase your winnings. The best part about shopping your odds is that you can do it for all kinds of betting, not just horse racing. Comparing the odds is especially great if you’re using fixed odds because you’re sure you’re getting the best value for your money.
How do you do this? Once you choose the horse you’ll bet on, head over to several betting sites to check out the odds. Then, just select the bet that gives you the highest odds for betting on the horse you want to bet on. Once you get the hang of shopping the odds, you’ll probably have a list of 3-5 sites you trust, and everything will go much smoother.
Try Different Bets
An awesome thing about horse race betting is that you can place many different kinds of bets. For instance, there are place and across-the-board bets. Place bets are the most common kind after the win bet. They let you win if your horse comes in first or second place.
Across-the-board bets combine place and win bets. Bettors bet the same amount of money on each wager. Then, if your horse comes in the first place, you win the entire amount. Second place gets you two-thirds, while third place gets you one-third of the winnings. Put differently, you don’t always have to be 100% right to win something with horse race wagering. Yet, rookie bettors are rarely familiar with these betting options.
Extra Horse Racing Tips
Want a few more tips on how to win horse race bets? We’ve got you covered! A smart strategy you can try out is betting on multiple races at once. Let’s say you always bet on the Kentucky Derby. This time, add in a few pre-derby races for next year and the rest of this year’s Triple Crown.
Additionally, you must learn to manage your bankroll! By creating a betting budget, you get a clear overview of your finances, and you can make safe, informed, and smart decisions. More importantly, you won’t overspend or end up in debt if you have and respect your spending limits.
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Bottom Line
Again, we must mention that these tips don’t guarantee your next bet will be a sure winner. What they do, however, is improve your overall betting experience. Whichever tip you use, always remember to do your research first. Additionally, always keep a close eye on your spending to avoid unwanted issues if things don’t go your way.
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