Of all the sports in the world, there is one that has become incredibly popular, especially to bet on, over the last few years; horse racing. If you’re looking to make some money by betting on horse races, then you’re not alone. But if you want to be successful when betting on horse races, then there are a few things that you need to know.
In this blog post, we’ll talk about some of the key tips and strategies for betting on horse races successfully, as well as take a look at a few things that you should avoid doing. So, without further ado, let’s get started!
Research as Much as You Can
The very first thing that you should understand if you want to make more money whilst betting on horses is that research is extremely important, if not the most important thing you can do. It’s for this reason that you have to research as much as you can before making a bet. If you are new to horse betting, you might not know what to research. There are many resources online that can help you with anything you might be interested in when it comes to horse betting, like British Racecourses for example. They provide extensive information on different racecourses and racing events, like the Queen’s Mother champion chase at Cheltenham. Following their tips is the only way you can make an informed decision.
The first thing that you should research is the horse; find out how much experience it has, what its form is like on different tracks, how well it has been racing recently, if it has had any breaks, and more. It might be a good idea to research the competition too so you can weigh the odds.
You should also research the jockey and trainer. While jockeys might not influence the outcome of a race too drastically, it is known that certain jockeys win more at certain tracks or races with certain horses, so you should keep this in mind.
Find Out About the Going
The next thing that you are going to want to do is find out about the going. The going is the condition of the track, and this may or may not have a large influence on the race. Some horses don’t care about the going and can run perfectly fine on any track. However, some horses have a preference.
First, you should find out about the going on the track the horse will be racing on; is it dry, hard, yielding, good, etc? Then you will need to find out about the race history of the horse to see if there are random bad losses, and check what track that was on and what the going is usually like. This way you can work out if the horse does badly on some tracks, and better on others.
Observe the Horse
One of the most important things that you could do is to observe the horse on the day of the race, as there is a lot of information that can be gleamed by doing this. You could, for example, find out if the horse is feeling well, which can be seen by the amount of sweat around the kidney area. You could also find out if the horse is unfit, which can be usually seen by the dullness of the coat.
Another important thing to keep an eye out for is the mind space the horse is in; a horse that is rearing, biting, walking in circles again and again, or is just generally over-restless, is feeling very nervous and is wasting a lot of energy before the race has even begun.
Have a Budget and Manage Your Expectations
The final tip on this list is twofold and works in tandem more often than you think. It’s incredibly important when betting on horses to have some sort of budget to manage your spending. While you might hear that you should bet on many races, that doesn’t mean you should bet on all of them. Having a budget will ensure that your wallet will be able to make bets throughout the season.
In addition to this, you should manage your expectations when betting on horses; you won’t be making millions within a few days. Horse betting has long-term winning potential, which means that the bulk of your profits will be coming from many small wins that accumulate.