4 Steps for Betting on Horse Races
Are you worried that the big racehorse events are behind us? Don’t fret because there are numerous horse races that you can still place your bets on, like the Breeder’s Cup Championship from November 4- 5. You can use the following months as training for the Breeder’s Cup and practice accurately predicting the winners of the other races.
Are you a complete beginner in horse betting? If so, this page consists of the four steps every bettor has to take to bet in horse races. Indeed, in just four steps, you can get a ticket of your own. But, of course, whether it pans out would depend on your luck, as all gambling does.
Step 1: List Down Your Top Picks
The first step you would have to take for this horse racing guide is to list down your top picks. Listing down your top picks will help make the succeeding steps easier. If you’ve been a fan of horse races, then you would know what to look for in racehorses.
Even if you don’t, you can find this out in the second step. Still, listing down your top picks can help make the research process much more manageable. You can watch the earlier races to look for a horse that can captivate you.
Step 2: Gather Information
As mentioned above, listing down your top picks can make the second step, gathering information, much more manageable. We all know that gambling is entirely unpredictable. Even if you’re confident about a horse’s qualities because of a recent race, other factors may contribute to a horse’s loss. So, it makes it much more valuable that bettors gather information to help make the best bets possible.
There are numerous things you should study, including the racehorses, jockeys, coaches and the horse’s lineage. You can also research the following:
- Horse race schedule
- Horse’s previous races
- Jockey’s track record
- Horse’s experience with different track surfaces
- Coaches’ track record
Gathering information is a must to secure the best possible tickets. While horse betting is unpredictable, you want to ensure that you’re making an informed bet. It also pays to know common betting terms. Doing this helps lessen the chances of you losing, and after all the hard work you’ve placed into it, you’d be glad that at least you tried your best if it didn’t pan out.
After researching the race’s contenders, it’s time to decide what type of bets you will place. The bets are divided into standard bets and exotic bets.
- Win. You’re going to wager on a single horse that you predict will win the race.
- Place. You’re going to wager on a single horse that you predict is going to win first or second place.
- Show. You’re going to wager on a horse that you think will place first, second or third.
- Exacta. You’ll pick two horses you think will place first and second in the correct order.
- Trifecta. You’ll pick the top three finishers of the race.
- Superfecta. You’ll pick the top four finishers of the race.
Now that you’ve learned the types of bets you can place, let’s talk about where you can wager those bets. Did you know that you can place bets on the venue and online betting websites?
Thanks to modern technology, betting websites have been around for many years. As a result, we can now tell which websites are trustworthy and which are too risky to send out personal information and payment information to.
On the tracks, you can place your bets on the available kiosks. Usually, you would see people standing in line with papers in their hands. This method is recommended if you plan on watching the race live. It’s also a good opportunity for horse race bettors to get exposed to how it’s like to place bets traditionally.
On the other hand, if you have no plans to place those bets on a faraway destination, luckily for you, you can place it in the comfort of your own home. You can do all the betting processes digitally with a quick tap on the screen. All you’d have to do is log your personal information and payment details. You won’t even have to wait in line to place your bets!
Decide which method would suit your lifestyle. For example, if you’re busy but like to engage in casual horse race betting, then opt for online betting websites. On the other hand, if you’re a fan who prefers to engage in horse race betting the traditional way, then go to the tracks yourself.
Among the sports you can bet on, many say that horse races are pretty easy to understand. Compared to other sports where you have to fully understand the rules and techniques, in horse races, you just have to learn the information above, and you too can get a high chance of winning your bets.