In today’s betting world, there are many options for professional and recreational bettors to earn significant profits. And while many bettors are focused on the so-called mainstream sports and major leagues, other betting options have a great potential for earnings as well. One notable sport that can offer a broad spectrum of betting opportunities is horse racing. After all, this old school sport is one of the top three most popular sports in the United States. That is closely related to the fact that most of the people that watch this unique sport, usually tend to place a wager on it. But betting on horses is much more than that. Therefore, in this article, we will provide you with some valuable starter Horse Racing tips.
I – Do Your Research
One of the main rules in the betting world is the need for proper research. On that note, it is important to emphasize that majority of the horse race bettors usually skip the research part before placing a bet. In other words, many bettors are riding their luck. On the other side, some professional bettors usually rely on form guides and horse background information. This is because these so-called racing forms can provide the average bettor with a unique insight about the horses and it will help you to make a more realistic, informed bet.
For instance, you can analyze the background of the race including the time, location and the race distance. Additionally, you also find information about the type of track as well. Also, these guides contain information about each specific horse, including its name, gender, colour, and its lineage.
II – Diversify Your Bets
Another significant mistake that many rookie bettors make is placing on the most common type of wager for horse racing, the win bet. In simple words, you place a bet on a specific horse that you think that will win and hoping that you are right.
Yet, a good betting tip is to always analyze the other available bets as well. In other words, if you want to increase your chances of winning, it is imperative to make that step and learn the different types of bets and intelligently use them.
For example, you can use the Multiple Horse Bets system which is a smart way to incorporate various bets which is to bet on multiple horses in the same race. Although it may be harder to win, the reality is that the payouts are significantly higher. And if you have done your research and you feel confident, then this type of bet is for you. Nevertheless, the main point of this tip is to look at your betting options all the time.
III – Budget Management
One of the main tips for everything in life is to manage your budget. And horse racing is no different. You must be able to control your betting funds. Before you begin betting, check your financial situation. Moreover, make sure that you set aside a fund that you can afford to risk it on placing wagers. The amount that you are willing to risk is your bankroll. Then, you should set up a plan for how much you are willing to pay for each stake. That way you will have an established fund and a plan about how to use it for placing your horse racing bets. A notable tip is that each stake should be a small percentage of your bankroll. Many professional bettors recommend up to 3% per bet. The reasoning behind this is that this approach will enable you to make more bets. Also, if you calculate in percentage, you can place bets that are higher in value and you will avoid the risk of losing a higher portion of your funds. It may also enable you to bet on higher values when you are winning and lower values when the luck is not on your side.
The Bottom Line
All in all, it is safe to say that Horse Racing is one of the most entertaining types of sports betting. And that is also because of the fact there are so many options!
However, if you are serious and determine to win, these starting tips will place you on the right track to develop an effective horse race bet winning strategy.