Not only is horse racing one of the most popular sports in the world, but it’s also one of the most popular sport for betting – if not the most popular of all!
With events taking place on a near daily basis, there is never a shortage of opportunities for betting on horse racing, but you’ll need some tips from the sports betting masters if you’re hoping to get in on the action.
Start Low and Slow
The most important piece of advice we can offer beginner punters is to start with small stakes and increase your bets as your experience increases.
When starting out, you’ll likely lose more bets than you win, so it’s best to keep the losses to an acceptable level until you know this sport inside and out.
Practise Good Bankroll Management
Just like you would do when playing at your favourite online casino, it’s imperative that you practise good bankroll management.
This tip applies to both novice and veteran punters as you never want to find yourself relying on a win. Set a budget on how much you’re able to spend and stick to it even if you have a few good wins.
With races taking place on a near daily basis, you should absolutely not bet on every race as you’ll likely soon find yourself with a depleted bankroll.
Be selective with your betting on horse racing events at your favourite betting sites and once you learn to identify value the best events to bet on will become obvious.
Accumulators or parlays are very popular amongst horse racing betting enthusiasts as they can be incredibly rewarding, but they are also difficult to predict correctly.
Accumulators involve making multiple selections as part of a single wager, but all your predictions will have to prove correct in order to nab the win.
Get to Know the Sport
No matter how much you think you know about horse racing betting, there is always more to be learned. While reading betting forums and getting tips from other punters can be beneficial, the experience you’ll gain from actually watching the races is incomparable.
Watch the races even if you don’t have money in the game to study form and gain tips for your next wager.
Back an Outsider
While it may be difficult to predict precisely when it will happen, the truth is that outsiders win horse races all the time.
Many novice punters think that backing an outsider is a waste of a good bet, but this approach is incorrect in the long run as you may be missing out on a ton of potential returns.
Always Bet Online
Technology has made betting easier than ever before and online sports betting is the easiest and most convenient way to place your wagers.
There are many benefits of online sports betting and the best online sportsbooks will provide free bets to players just for placing bets on your favourite sport.