Horse racing betting is one of the most popular types of betting in the world, attracting millions of bettors from throughout the globe every year. It’s become almost as popular as the sport itself, and sees thousands of bookies offering up countless wagering options, giving bettors a chance to earn some extra money on the side while watching their favourite horses try and win the race.
Like any type of sports betting, there are plenty of myths that have become commonly associated with horse racing. Here we will look at some of the more popular myths and misconceptions and why they’re wrong.
Beating The Race
It’s a common belief that while a bettor might see victory wagering on a specific race, their success will begin to decline the more they bet on more races in the future. It’s among the oldest superstitions in the sports betting world, and one that’s so widely believed that it actually drives many newcomers from investing further into sports betting.
The fact of the matter, however, is that because sports betting is based entirely on chance, there is no scientific reason that a person’s odds of winning would begin to decline as they became more invested. In fact, the more time they spend on bets and learning the various ins-and-outs of the pastime, the higher their overall chances of walking away victorious.
Luck Dictates An Outcome
Another common belief among bettors is that luck will ultimately dictate how the race will turn out. This is not a belief that’s exclusive to horse racing bettors, but to the wide sports betting community as a whole. As mentioned in the previous post, luck has nothing to do with the chances of winning a wager. That is entirely up to how the horses perform while out on the racecourse, and there’s no real way that a bettor can alter the outcome of the event, similar in many ways to the Roulette Nigeria offers. Luck is an old superstition that can lead to making bad choices in what could potentially be a lucrative endeavour.
Avoiding Absent Horses
Horses might be missing from a race for up to 6 months or more, and it’s common among bettors to avoid these horses as they believe that they haven’t had enough time in recent months to practise. The problem here arises in the fact that these horses have no doubt been training and/or recovering in that time, and may have participated in other events that weren’t as widely covered. In fact, a horse that has taken some time off for a while may be an even better choice, as there’s a good chance that it’s plenty of extra time to get ready for its upcoming event and will be more well-rested than other animals on the course.
Avoiding Horses That Try New Techniques
Anyone that’s accustomed to horse racing will know that horses and their riders tend to shake things up sometimes, but that doesn’t mean they’re not worth betting on. Some horses may have new trainers, or their current trainers might be testing out a new way of racing – and it can sometimes pay off to instead focus on these animals rather than their competitors.