How to Place Winning Bets
Here are some proven tips that have helped other bettors improve their win percentages.
Read the Racecard
Racecards provide a wealth of useful information about the race, the horses, and the jockeys. You can find all the relevant information you need to make a smart bet, including factors like jockey records and past results. Once you’ve picked a favourite, you can compare the numbers with other horse results to see if a bet is prudent.
Read the Horses
This old-fashioned trick worked well before the internet ushered in the era of digital betting. It used to be possible to walk down to the stables and check out the horses before they lined up at the race’s start. Bettors were on the alert to detect signs of twitching or discomfort. One popular belief was that aggressive, anxious-seeming horses were raring to go and had a better chance of winning the race.
Horse racing betting tips for beginners and veterans alike no longer include that advice. Horses that seem calm and collected often perform better.
Another important element to winning: reading the horse’s form. A lot of the information regarding horses can be found on racecards, but you may have to dig a bit deeper to get your hands on all of the relevant data.
A horse’s draw, for example, which determines the stall and lane it starts the race in, may be important – especially for shorter races. But many bettors believe that it creates an unconscious betting bias. It’s important to examine past results, not just past performance, so make sure you understand the difference.
Trainer and Jockey
Another tip: look into the records of jockeys and trainers. If a trainer’s horses consistently place near the top, it might be a good sign even if they don’t win. Like the track record of the horse, the history and performance of the jockey are significant. A jockey who consistently places near the top but never wins might be desperate and reckless. A jockey who never hits the middle ranks might not have it in him to ride even the perfect horse to the win.
More tips for horse racing betting: Consider the age and weight of both the jockey and the horse. The age factor differs a bit for thoroughbreds. The combined weight of the horse and jockey comes into play when deciding upon handicapping numbers. That’s something you should learn after you’ve mastered the race card.
There’s no substitute for information, so do your research. It may include keeping track of details like which racetracks have turf and which are mostly dirt. Do winning horses perform equally on all tracks, or is there a discrepancy? Even the weather can influence a race’s results and ruin your racing predictions.
You can also look into stables, trainers, and breeds of the horses. Some people prefer to bet on horses that are either sired by or related to other winning horses. There is some evidence that genetic background makes some horses faster.
Is it a short track or a long one, and does your horse pull ahead at the start or take a while to build up momentum? Learning the answers to questions like these can make betting not only more fun but more lucrative. Do the research! It’s one of the most consistent and valuable horse racing betting tips you will ever receive.
Choose the Right Bookmaker
Most people place horse racing bets over the internet these days. And it turns out that choosing the best betting site is different from choosing the perfect bookie. When you are choosing a site, be sure to pick one that offers you lots of information and plenty of options.
It’s also a good idea to ensure that the site you choose supports virtual horse betting. It’s becoming increasingly popular in the UK, where only three out of four bets on horse races have anything to do with real-life racetracks.
Other things to look for when researching bookies are bonuses and insurance. Some websites offer fallers insurance, which ensures recovery of your stake if your horse doesn’t finish the race. Bonuses and promotional deals can be enticing (and sometimes misleading). Run the numbers for yourself and see if a particular bonus justifies placing a bet.
You want to evaluate your website’s odds-setting style, of course. Some betting sites are sure to offer better odds on your favourite horse than others, so shop around a bit. Membership benefits and live-stream coverage of racetracks are also important.
Cast a Wider Net
Once experience and the best tipsters among your social group have taught you the nuances of betting, you may want to cast a wider net. Races that attract a lot of attention rarely offer the best odds. Overshadowed races may offer better odds and easy reads on horses so you can place an informed – and lucrative – bet.
Engage In Multiple Bet Types
Trying different bets is educational and could well be profitable – especially if you use an onsite odds checker to back up your hunches. Venturing into each-way and reverse forecast betting could offer more fun and a higher return than plain old win betting.
Grip Your Bankroll Tightly
Bankroll management is important, especially if you are betting online. This is one of the betting tips for horse racing that anyone who has ever lost a lot of money at the track will give you.
Bankroll management starts with making sure that you have enough money set aside to fund your betting. You should never use the money you need for necessities, nor what you’ve saved for a rainy day. Ideally, betting money should come from your recreation budget.
Once you’ve funded your bankroll, it’s time to decide how you will bet. If you plan to bet once a day, you can set aside a percentage of your bankroll to stake in any bet. Many horse racing tipsters believe that a percentage is better than a fixed amount.
If you have decided to bet only 5% of your bankroll each day, the amount will be more if you have been winning. It will be less if you have been losing and depleting your bankroll. You can divide your bankroll by race if you prefer.
Of course, you should never bet what you can’t afford to lose, no matter how certain you may be regarding the outcome of the race.