If you’re a newcomer to betting on horses, you’ll know that it can be quite daunting, regardless of whether you’re at the track, in a betting shop, or simply using an online lobby. But don’t despair, here are a few quick tips to ensure that you blend in with the regulars and can keep track of your bankroll:
- The most common monetary increment when betting horses is £ While it may be tempting to sit down and throw around 10s and 5s like they’re going out of fashion, it’s a sure-fire way to deplete your bankroll. So, stick to low bets at the start and work your way up.
- If you judge your stakes right, it could be a way of making some quick profit, just don’t go in thinking you’ll make loads of cash.
- If you find a race with a highly-ranked jockey in it, it’s always a safe bet to go for them. However, if you want to try your luck, you could always try betting against the jockey and hoping for a bigger payout.
- A good horse betting tip is to always remember that bets are subject to change throughout the course of a race day. This is primarily because horses can drop out, lose or win, thus changing the perspective odds from bookies. It’s also because, like a traditional casino game, you’re betting against other bettors and not the ‘house’ this means that winnings can change frequently.
- The most straightforward horse bets to remember are Win, Place, and Show. A Win is where you bet on a horse to finish first, a Place is for first or second, and a Show is for first, second or third.
- Betting on horses is all about the odds. This may seem rudimentary, but it’s fundamentally important that you understand how odds work and how to calculate your potential winnings before you start putting real money on the line. Going in blind is an easy way to lose money.
- When you’re using an online betting lobby, you can’t ask a human being about which bets mean what, so it’s a good idea to get acquainted with the different types of horse racing bets.
- Horse bets have a very particular order to them. It’s customary, when saying your bet out loud, to say the track, the race number, your bet amount, the bet type, and then the horse number. For example, you might say, ‘Royal Ascot, Race 4, £2 to win on horse number 6.’ It’s that simple. Just be aware that when you’re making bets online, all you need to do is click on the race info to place your bets.
- The morning line does not indicate the bookies’ favorite for any particular race. Instead, it’s the bookie’s prediction of what the odds will be before the race begins. A good horse racing tip is to check the morning line before a race and bet overlays on horses going at three or four times above the morning line odds.