Know what bets you can place
Before we dive into specifics, you need to know what types of bets are available to you first. Always keep these types and combinations at the back of your mind as you wager, because these will be the basis of how you go about betting in a horse race.
Straight Bets – In all straight bets, keep in mind that you are betting on only one horse.
There are different kinds of straight bets, as listed below:
- Win – you are betting that your horse comes in first place
- Place – you are betting that your horse comes second
- Show – you are betting that your horse comes third
- Across the board – you are betting on a win, place
- Win/Place, Place/Show – a combination of win and place; or place and show
Exotic Bets – exotic bets allow multiple wagers on different horse in a single race. They often have huge payouts but are more difficult to win which makes them ideal for veteran gamblers.
Below are a few examples of exotic bets to choose from: ·
- Exacta – you are betting on two horses to place first and second in the exact order
- Quinella – like Exacta, you bet on two horses to come first and second but this time their order does not matter
- Trifecta – you are betting on three horses to place first, second and third in the exact order
- Superfecta – you are betting on four horses to place first, second, third, and fourth in exact order.
There are more advanced combinations for exotic bets available. Be sure to familiarize with them if you plan on diving into the exotic wager scene.
Learn how to wisely handicap your horses
Handicapping, in horse racing terms, is simply picking a winning horse. There are plenty of proven methods available which enhance your chances of winning- unlike simply relying on good old lady luck. It’s important to remember that the outcome of a horse race is a result of different factors interacting with each other. Here are some things you need to look out for / start doing in order to up your profit potential:
A race day program is always available when you participate in a horse race. It is a document with essential information about the races, horses, statistics, and jockeys for that day. You have to familiarize yourself with the terms and figures packed in here so you are better equipped to bet on your winning horse.
2.Take a look at the horses’ past performance
Once you learn how to read the race day program, you’ll find that it contains several vital information pertaining to the performance of the horses. You could study how a horse performed in its class, or how it performed when a particular jockey was riding it. Also, don’t overlook their performance in relation to the surface type they are racing on. Some horses favor the artificial race track surface, while others run faster on natural dirt. Knowing this information can help you make a more informed decision before the races start.
3. Watch the horses as they wait in the
Before every race, the competing horses are showcased in an open area called the paddock. From here, you could see how they behave and make a judgment based on that. Better not choose horses which look downtrodden because they might lack the energy to win the race. An overly energetic horse in the paddock might not be a good idea too, as it will most likely waste all that energy in the paddock without saving some for the actual race. Choose a horse which looks calm, yet eager to race.
4. Get comfy with the numbers
Horse racing is still a betting game, so you must always be aware of the odds you have in winning when choosing a specific horse. For example: if you bet on a Win, you have a 33% chance; a Place gives you 53%, and a Show will give you a 67% chance. Associate these numbers with your observations of the horse and its past performance and you’ll likely be maximizing profits and minimizing the loss in the race stadium.
5. Know when to hold back
Most beginners get too caught up with their enthusiasm and excitement that they fall to the classic mistake of betting on every single race. You do not have to do this. The best gamblers often break the game down and just bet in a few rounds- the ones they have carefully considered with the highest probability to win. Remember, the goal is to win consistently with as little loss as possible- not to win big.
Utilize Free Tips and Analytics Advice
With so many factors to consider and a number of data to crunch, it can be a bit overwhelming if you’re just starting out wagering in horse races. Luckily there are a host of references online which can give you tips and real-time performance data to enhance your choices. Betting Mafia is a reliable hub which hosts online betting for horse races