Horse Racing Tips

Horse Racing Tips

Ask anyone who bets on horses about how they make money and they will give you one answer - they pick the winning horse. Horse racing is not about strategy or purely about luck. It is about knowing how to pick a winner. It sounds more like an HR pitch, but horse betting is like hiring the productive employee, who fetches you profits. However, is it all what it takes to win at horse betting? Not really. Here are a few tips that can help you make money with horse betting, and they include more than just picking the winning horse.

Smart money management is important

One of the most important things to learn before you start betting on horses is money management. Horse betting can be tricky and no amount of research can guarantee you a win. So have adequate amount of money for betting on a horse, or more. The best way to minimize your risks is to bet on more than just one horse - instead of picking one winner, pick multiple winners and spread your bets proportionately, based on the odds.

Don’t bet more than you can afford to lose

Bankroll management is as important in horse betting, as it is in any other form of gambling. Don’t bet too much on one horse based on what the experts say or don’t say. We tend to get greedy and may end up betting more than we can afford to lose. Bet within your limits and that way, you will be able to bet on more races even if you lose once or twice.

Research the horse, know the odds

As mentioned earlier, the key skill you need for betting on horses is to be able to pick a winner. So how do you pick a winner - go by the stats and the history. Do your own research on the horse - how many times the horse has won, how fast it runs and its workout patterns, the recent fitness levels of the horse, history of any injury in the past which can affect the current race, layoff factors and the odds of it winning.

Don’t force bet

The most important thing to remember is that you don’t have to bet on every race that takes place. You may feel the need to bet on one race to mitigate the losses from another. However, don’t get greedy or your clouded judgment will lead you to place the bets on the wrong horse.

How are races classifield?

Flat and National Hunt races are classified based on their prestige, the quality of horses in the competition and the prize money. Group 1 is the top classification with the best horses and biggest prize money, followed by Group 2, Group 3, listed races and handicap races. In handicap horse racing, the competing horses have different weights, as allocated by the handicapper. The better horse will carry a heavier weight to create a disadvantage for him/her when going against a slower horse. 

Straight bets

The straight bets in horse betting are win, place or show. If you bet a horse to 'win', you collect if your horse finishes first. In 'place', you win if your horse finishes first or second. If you bet on a horse to 'show', you collect if your horse finishes first, second or third. One of the common horse racing tips for amateur punters who've done their homework on the competing horses is to place a bet to 'show'. 

Exotic bets

 Exotic wagering is an opportunity to reap a rich reward from a small betting amount. 

ñ  In an 'exacta' bet, you win if you correctly select the first and second place horses in the exact order.

ñ  In a 'trifecta' bet, you win if you select the first, second and third place horses in the exact order of finish.

ñ  In a 'superfecta', you win if you select the first, second, third and fourth place horses in the correct order of finish.

ñ  In a 'daily double', you pick the winner of two consecutive races before the first race has been conducted, as per the sequence of races.

ñ  In 'pick 3', you win if you pick the winner of three consecutive races.

ñ  In 'pick 4', you win if you select the winner of four consecutive races. 

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