Are you looking to get into horse racing betting, but don't know where to start? Don't worry, you're not alone. Horse racing can seem like a daunting sport to bet on, but with a little knowledge and practice, you can be making educated guesses on races in no time. Here are six top tips for beginner horse racing bettors.
Learn About the Different Types of Bets
One of the first things that you’re going to want to do if you are new to horse race betting would be to learn about the different types of bets that are available. It might be your first impulse to just start betting, but if you do that, you might only place winning bets, which means betting on a horse that you think will win.
It might surprise you to learn that there are other types of bets that you can make which will guarantee money even if you aren’t successful. For example, there are place bets, which means you are betting on the horses you think will place first or second. There are also show bets, which is when you bet on which horses you think will finish first, second and third.
Always Use Trusted Sources
Another incredibly important thing to do if you are new to horse race betting would be to always use trusted sources when researching. As you might have guessed, researching is one of the most important things that you’re going to need to do before placing any bets.
As such, with research being so important, the information that you’ve gotten is also of the utmost importance and should always come from trusted sources like British Racecourses which provides a great overview of the Coral Cup, among many others. Placing bits using the information you have gained from untrustworthy sources could lead to unsuccessful bets and wasting of your money.
Study the Form of Each Horse and Jockey
The next thing that you’re going to want to do as a beginner to horse race betting would be to study the form of each horse and jockey that are on the track. This is much easier to do if you are betting in person, but it can still be done if you are watching the races online.
One of the most important things that you should keep an eye out for when studying the form of each horse is which horse is sweating profusely. If your house is sweating profusely, this could be an indication that they are anxious or nervous. In addition to this, you should also keep an eye out for how impatient each host looks and if they are rearing often, pacing back and forth, and more. This is because you should almost always never bet on a nervous horse.
Bet Within Your Budget
One of the most important things that you should do when betting on horses is to always bet within your budget. One of the biggest mistakes that you can make, especially as someone new to horse race betting, is to bet without a budget since this is a very easy way to blow through all of your money within the first few races.
It’s important to keep in mind that with horse race betting, you won’t be making thousands every day. Instead, your profits as a horse race better will be made over the long run. To do this, you’re going to need a budget to manage your money. This will allow you to make bets over an extended period.
Pay Attention to Current Events
If you are truly interested in earning more money whilst betting on horses, one very important thing that you should do is always pay attention to current events that are happening within the horse racing industry.
This is because as a horse race bettor you want every piece of information available that could influence the outcome of a race. As such, paying attention to current events that are happening within the horse race industry could give you an advantage and help you to win more bets, but more importantly, it could also alert you to anything that could cause you to lose the bets.