Betting on horse racing is as old as the horse race itself. If you are reading this post, chances are you have been to the tracks and placed your bet. So, what was the result? Did you just place your bet, took your ticket and tore it up when the bet didn’t pay off or did you get lucky and make up few pennies. Either way, if you are planning to go for it again, you will need to acquire some knowledge and skills so that you can tap your bankroll and make a penny or two. Here is an easy to follow guide on how to place profitable bets on horse racing.
Get Acquainted With the Type of Bets
When it comes to betting on horse races, the first step should be to decide what type of bet you will be placing. As you have the option to choose from a wide range of bets and combinations. These range from a simple bet where you place your wager on a single horse in one race to a bet where you choose the winning horse for several consecutive races. Beginners should go for the “straight” horse bets since it is easiest way to get acquainted with betting on the races.
Betting Tools
When you are at the grandstand betting on the horses, you might want to carry your betting tools along. Yes! That includes binoculars to see your favorite horse winning the race. Apart from that you will also need the daily racing form which provides the detailed information of all the horses participating in the race. This is a very useful tool which will help you win the bet.
Research
A successful bettor is always the one who knows every bit of information on the upcoming race. This gives him an edge over others and helps him multiply his winnings. Therefore, some research about the horse’s past and present is never a bad idea. You should equip yourself with stats like horse’s trainer, its bloodline, racetrack information, weather and how fast the horse ran during his previous races. This useful information will help you make an informed decision and win the race.
It’s all about the Odds
At the end it all boils down to the odds. It’s nothing but simple math’s which will help you determine how much profit or loss you are in for. For example, if you are placing a $2 bet on a horse with 2-1 odds, you will earn $6 if you win the bet. All you have to do is multiply $2 with 2/1 and add your initial $2 bet.
Apart from the above mentioned tips, if you really want to invest in sports betting, you can take a look at betvictor guide and free bets with which you can have the best betting experience.
