Tips on horse racing betting for beginners and pros

| September 9, 2019
horse racing betting advice
Some tips and advice for people starting out in horse racing betting

Betting on horses has existed for as long as horses have raced. It’s the third most popular sport to bet on in America. Pretty impressive considering that it comes in 26th in the number of people watching it. The truth is that horse racing is not valued for the thrill of the sport itself. The main reason that people watch it, is because they want to bet on it. If you’re looking to take your game to the next level or are just starting your betting journey, here are some helpful tips and strategies that you can use.

If you’re a beginner at betting, the most common horse-betting increment is $2.00. Of course, you can bet higher amounts but it’s good practice to start small and get used to the experience. Betting on “favourites” will automatically improve your chances of winning by 33% but the rewards are smaller.

Normally, horse bets come in three forms: win, place, and show. Win involves betting on the horse to cross the finish line first — i.e., to win the race. Place – You’re betting on the horse to come in either first or second. Show – You’re betting on a horse to come in first, second or third. It is said that the last two, place and show, bet types are the easiest way to get acquainted with playing the races.

It is common sense that you must be selective when choosing the races to bet. Otherwise, you will not be as successful if you bet on every possible race. Thousands of people bet on horse races each year, totalling millions of dollars. however, a tiny percentage of those people perform any research before selecting which horse to bet on. Even just a cursory glance at the racing program before you place your bet can significantly raise your chances of winning.

If you’re more inclined to betting online, then syndicates are the way to go. Syndicates are a crowd-funded approach to pools betting. A group of players combine their funds to create a single ticket for a sport or racing pool. The eventual payout of the ticket is split proportionately between them based on how much they contributed.

Joining a Syndicate is a great starting point for anyone who is new to pools betting and wants to benefit from the know-how of more experienced players. It allows the player to collaborate with the creators of the Syndicate, better known as a Captain, who may have a track record of success. For example, Syndicate Captain Reakesy plans to tackle the Place 6 Pool. Now, bettors who agree with his selections may join his syndicate.

If you already bet like a high-roller, bets can also be combined in several ways to maximize your winnings. They cost a little bit more to place, but the payouts can be much higher, depending on the horse’s odds. Here are the basics: Exacta – You pick the first two horses in order, the Win and the Place horses. Quinella – You pick the first two horses in either order. Trifecta – You pick the first three finishing horses in a row: Win, Place, and Show. Daily Double – You pick the winners of two consecutive races.

Betting at other racetracks simultaneously can prove to be very fruitful as well. These races are “simulcasted” on TV screens in specific locations in the Grandstand area. For example, if Santa Anita Park racetrack in California is racing the same day, you could potentially wager a Pick 6 there, while logging a Pick 4 at Aqueduct. Just imagine the payouts if you hit both!

Category: Betting

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