Even if you enjoy watching horse racing, it doesn’t mean you’re automatically going to be successful at betting on the sport and shouldn’t expect to become a master punter overnight.
However, patience is just one of the virtues which must be understood when it comes to betting on horse racing. Here are the tips to set you on the right track to betting success.
Start Off With Small Stakes
This tip forms part of not expecting to become a master punter overnight – starting with anything but small stakes is a sure fire way to lose a lot of your bankroll.
Start with small stakes and increase your bet size as your confidence and experience grows.
Set a Budget and Stick to It
This an important tip for all forms of sports betting, not just horse racing, and should be adhered to at all times.
Look at your budget and decide how much you can spend on horse racing betting realistically. You should never find yourself in the position of relying on a win to get to your next paycheque.
Always Bet Online
Online sports betting is the easiest, most convenient way to place your horse racing wagers and there are plenty of advantages to placing your bets online.
You’ll have access to the widest range of markets and you’ll be able to shop the odds across a range of sites to ensure you get best possible return on investment. Just like casino no deposit, there are plenty of excellent options to choose from.
Don’t Put Money on Every Race
Horse races take place almost every day in one country or another, which means plenty of betting opportunities, but you shouldn’t bet on all of them!
It’s almost impossible to make an informed betting decision when you’re putting money on dozens of races every day, so be selective and only bet on races you’re confident of.
Accumulators, or parlays, are incredibly popular amongst horse racing betting enthusiasts as they can be lucrative owing to the multiple selections which form part of a single wager, but they are difficult to get right.
As such, we recommend avoiding accumulators in the beginning and focusing on individual selections instead.
Know Your Market
Studying a horse’s form and analysing the key statistics will provide plenty of insight, but there is a lot it won’t tell you.
This is precisely why you have to actually watch the races and study them intently, as watching the horse run will provide insight that a form guide simply can’t give you.
Don’t Be Afraid to Back the Underdog
While there are plenty of superstar racehorses, the truth of the matter is that outsiders – or underdogs – win horse races all the time. It isn’t easy to predict when the outside will break away from the pack and win the race, but this doesn’t mean you should be afraid to try.
If you think you’ve got good reason to back an outsider then you should go for it, otherwise you’ll be missing out on a lot of potential value.