This is intended to be a comprehensive horse racing betting how to that will guide you through all of the basics needed to get started. Now, you can just sit back and enjoy the ride.
Where to Place Horse Racing Bets
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How to Bet Online on Horse Racing
For the most part, horse racing sites are easy to comprehend and place bets on. In most cases, the following steps will see you smoothly through the process:
- Sign up: On desktop or mobile, you can click to create a new account with a horse racing bookie.
- Enter details: A UK-licensed sports betting site will ask for a range of information, including details such as name, date of birth, address, username, and password.
- Age verification: In the UK, sports horse racing betting websites often handle age verification during the sign-up process by asking for credit card details.
- Welcome deal: Online sportsbooks like to award betting offers to first-time depositors, so make the most of these opportunities. Just make sure to follow the instructions exactly and also read the bonus terms.
- Make a wager: Now, you can go straight to the horse racing section of the sportsbook. If you have a horse in mind, then go to its race and back them at the wager of your choice.
Types of Horse Racing Bets
The beauty of horse racing is that there are many different ways of betting, and these are the most important to know about…
This is the straight-forward act of picking a horse to win the race outright. There are no complications and you will receive higher odds compared to backing a runner to place.
Depending on the race and the number of runners, a sportsbook will provide odds on a horse finishing in the top one or two places. This type of bet is often combined with a winner to create an each-way bet.
This is an extension of the place bet, where some betting sites and institutions will let you bet on a horse finishing first, second, or third. Quite simply, any outcome will result in a pay-out.
Across the Board
Essentially, this is a coverage bet where you might place £2 across the board on win, place, and show. In total, this amounts to a £6 bet.
Avid horse racing fans might want to take a little extra risk for an even higher reward. Basically, an exacta is where you try to select the first- and second-placed finishers.
Comparatively, the quinella is slightly less risky than the exacta in that you pick the top two finishers in any order. However, the winning odds will be lower than for the exacta.
The trifecta ramps up the difficulty of the exacta by demanding that you select the top three finishers in the precise order. These bets are tough to bring in, but are potentially supremely profitable.
As if the trifecta was not difficult enough, the superfecta extends the challenge to the top four finishers. Please be aware, however, that these types of bets are geared towards seasoned fans with an extreme depth of knowledge.
How to Pick a Winning Horse
At this point, it must be said that there is no exact science or strategy for picking a winning horse in every race. The fact of the matter is that you will encounter losses, but these horse racing betting tips could help you to win more often:
- Use horse racing sites: The likes of the Racing Post are filled with information, ranging from the going (consistency of the surface) to past form.
- Consider past form: Sites like the Racing Post will present past form as a list numbers (e.g. 13521). At times, a perennial winner might stand out above the other runners. Of course, this is no guarantee of success, but it’s worth looking at.
- Who’s the trainer?: A jockey is just one man, but a trainer prepares numerous horses. And some of those trainers are much more successful than others.
- Listen to pundits: Racing UK, Sky, Channel 4, and ITV all hire experienced pundits. Whenever possible, it is worth listening to them for the information they reveal.
- Apply information: You do not have to back a horse simply because a pundit has said so on TV, but what you can do listen to is whether the pundit also says that one of the horses struggles when the going is soft.
- Look for odds changes: Do not rush into making decisions for the major races. Quite often, you can odds shortening on some the mid-tier options. This is caused by owners, trainers, and their friends backing their own horses. Plenty of punters have won bets by spotting this type of activity.
Final Horse Racing Betting Tips for Beginners
Before it is time to cross the finish line, New Casinos Online will share some final betting tips to help any beginners out there:
- Set a budget: Never begin a betting session without setting an overall budget. In the event that you lose the budget, it is time to walk away and regroup.
- Begin with small stakes: You want to give yourself time to become familiar with the entire process. Therefore, you should use smaller stakes and place more bets overall. Blowing everything on a single race will be of no good to you.
- Don’t back every race: Betting on every race is futile unless you have thoroughly researched the top prospects in each.
- Stopping point: Let’s say that all’s going well and you are up on your stake. Well, at what point do you walk away? At the start of session, it is important to identify a stage at which you definitely stop (e.g. doubling or tripling your stake).
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