Bettors loved horse racing 100 years ago, and they still love the sport today. In Australia, they also often bet on them, but it is not always clear how to bet the most profitable. Now let’s understand the main types of bets and strategies. They will definitely help beginners to take their first steps.
Types of Betting on Horse Racing
The history of horse racing dates back to ancient times. Already in the written records of Ancient Greece and Ancient Rome there are references to horse racing. Horse racing became an organised sport in Europe. The first jockey clubs appeared in England in the XVIII century. It was then that the basic rules and traditions of betting on horse races appeared. They have been preserved to this day.
There are many bets on horse racing. But, in general, you can divide them into two categories: simple and complex.
Simple bets:
- Win. Here you have to guess which horse will finish first. This prediction is chosen by players most often.
- Place. With this option you can try to guess which place the horse will win.
- Show. Here the bettor bets that the horse will win one of the three prizes.
There are more complicated bets to be made:
- Exacta. It must be accurately predicted that the two selected horses will place first and second.
- Trifecta. The same bet, but for three places.
- Superfecta. A similar bet, but for four seats.
In addition to the above, there are other, more complex types of bets. They combine different outcomes of horse races.
How to Analyse Horse Racing Bets
In any sport, the guarantee of victory is analysis. Betting blindly is useless, because it turns betting into a casino. But if you analyse in advance what can lead to what outcome, the chance of winning increases.
Here are the things to look out for if you want to bet on horse racing
- Horse shape. Consider the horse’s breed, age, previous performances and the jockey’s experience.
- Analyse the distance. Some horses run better over short distances, others over long distances. Look at how well the horse has performed recently. Also pay attention to the level of races the horse has competed in. If he has won at a low level, it is not a given that he will do well in a serious race.
- Trainer and jockey. It is worth concentrating more on the trainer. It is clear that the best way to prepare a horse for a competition is with an experienced trainer. But even this is not a guarantee. In general, check the jockey’s success in recent races. Especially at the distances that will be at the current races.
- Weather conditions. The weather can affect the ground conditions. It is the track that determines how a horse can perform.
- Soil type. The type of ground is important too. Different horses perform differently depending on the type of ground. Some do better on grass, others have a hard time on sand. Some horses do better on wet ground and others do better on dry ground.
- Race distance. Horses come in special ones at certain distances. Some are better at sprinting, some are better at middle distances. Some are good at long races. These are all things to look at when analysing too.
- Weight. There are things to focus on in certain types of races. For example, in handicap races horses have extra weights. If the horse is not used to the extra weight, it will seriously affect the results.
- The age of the horse. Age can also have an impact. Young horses have more energy but less experience. Older horses are slower but have a lot of competition experience. And regardless of age, horses have different fitness and health.
- Racing tactics. Horses also have different tactics. Some horses are in the lead from the start. Others are better at the finish line. If you already know the horse’s tactics, it will be easier to predict his behaviour in the race.
- Follow the news. If you want to make accurate bets, you need to always understand what is going on in the world of horse racing. Which of the participants had injuries, what’s up with the trainer. You can follow special expert material. Only here you need to check that the expert actually knows his business. Here you can check how successful his previous predictions were.
These are the main nuances that you should know about analysing horse racing. Be sure to use them, and then bets will become more successful.
Manage Your Bankroll
It is important not only to analyse well, but also to manage your bankroll. What is a bankroll? It is the amount of money you allocate for betting. For example, you can do it once a month. When you have chosen a value, you don’t need to spend more. But in general, it should be an amount of money that will not be a pity to lose.
See the article about Horse Racing Tips.
Next, the bank should be spent in a measured way. For example, take 1-5% on one bet. And then you can see whether the bankroll increases or decreases. And according to the situation you need to adjust the size of the bet. But you should always start with a small amount, especially if you are a beginner.
Also, don’t bet on one horse. Of course, if you are sure of winning, you can try to do so. But it’s more rational to spread the pot over several bets. At least that way you can minimise the risks.
Don’t Chase Losses
If you lose, you don’t have to bet immediately to win. This is usually followed by a loss. This is because the bettor stops thinking about rational bets. He just wants to get even, and he starts betting randomly. The same happens when a player is encouraged by a win.
Betting is all about balance. Yes, it is a game of chance, but you should not overdo it. If possible, approach betting rationally.
Use the Bonuses
Many sites use useful bonuses that players can pick up already at the very start. This welcome was, loyalty programme, different gifts on birthday and not only. True, you need to choose a safe site. To do this, just check the licence in the footer of the site.
As you can see, there is nothing complicated about horse racing. If you are passionate about this sport, you will be able to make profitable bets. Choose a reliable betting site and good luck!