Horse racing betting is one of the most exciting, yet unpredictable sports to bet on. It is one of the most profitable sports to bet on for both the bookmakers and punters and we want to make sure you aren’t on the losing side, which is why we have decided to delve into horse racing betting and see whether or not there are any tips or strategies that you can use when you next decide to bet on horse racing.
Betting Strategies
Dutching Betting System
This strategy is quite complicated and certainly not for beginners. This involves a lot of maths but can be very profitable. It is a popular betting strategy that involves working out the odds of different outcomes. You will ultimately bet on a number of different horses with different odds and the goal is to win the same amount of money, no matter which horse ends up winning.
All of these wagers will be on the same event. By doing this you will minimise the risk of losing as you’ve covered so many outcomes. You have to be careful with your stake to ensure you do still make some money. You also don’t have to use it just on horse racing either, it works with football, tennis and more sports.
Beaten Favourite System
The beaten favourite betting strategy is another popular one. This is very easy to research and doesn’t require much maths like the last one. Simply, all you have to do is bet on a horse that has lost its last race, but before that, has had a long winning streak.
The reason this betting strategy can work is because you’re betting on a proven winner. Horses don’t tend to go on unbeaten streaks throughout their whole career so experiencing loss is normal. It doesn’t mean to say that they are dead in the water from that point on, it could simply be a hiccup. That’s why betting on them in the next event can be a profitable betting technique, as some bookies may write them off.
In order to complete a bet like this, you will need to do some level of research to find these horses that have had great runs of form but then slightly underachieved in their last race.
Comparing Tracks & Horses
Every horse punter knows that not all racing tracks are the same, just like all horses don’t perform the same. What this means is that some horses do better than others on certain courses. When you actually research further into this, you will start getting into other determining factors such as realising which way horses prefer to jump (either left or right) and how that can work on the track they are running on.
Not only that but the length of the track is important. Some horses handle longer distances better than others as well as also preferring certain track conditions, like synthetic, dirt or turf.
You can then throw in the weather conditions too. This can be a nightmare trying to work out which horses prefer racing in horrible conditions and which ones can withstand the heat. All these factors are not absolutely crucial in your decision making, so if you are a beginner, don’t be overwhelmed by this, but if you really wanted to get your horse racing bets spot on, then these are some little factors you may need to take into account before placing your bets.
You can find these bits of information online, there are many horse racing apps tailored to providing you the utmost information on the races so you don’t have to search far to find it.
Common Strategies
To conclude, it is best to just mention the clear and obvious betting tips that we recommend not just horse racing punters, but all punters. They are very obvious anyway but just in case you’ve forgotten, here they are:
- Do your research.
- Stick to a staking plan.
- Never chase your losses.
- Bet responsibly.
- Look for horse racing promotions.
