Horse racing is one of the most popular sports in the US, even though it has the lowest viewership among all the top sports.
You may be wondering how this is possible, but in reality, the sports are only popular because most people who engage in horse racing aren’t there to enjoy the thrill of the sport itself. Yes, the main group of people who engage in horse racing are bettors.
That said, almost everyone that involves themselves with horse racing places a wager on it, which in my opinion, is one of the things you can have the most fun in horse racing. However, just like any form of sports betting, even though many people bet on horse racing, only a few of them win. It’s only natural since a significant portion of bettors are there to have fun and be casual.
But if you’re one of those who take horse racing seriously, a chain of losses can be devastating. That said, to avoid this, there are strategies you can follow. Whether you are a beginner or a veteran bettor, there’s a tip or two you can find in this horse racing betting guide you can use on your next horse racing event.
Dissect the Form Guide
Out of all the thousands who bet on horse racing, only a small portion of that population engages in research. Research is a huge factor in winning a bet because it lets you know how a horse will perform in the upcoming race. Not only that, but it also gives you a good idea of each horses’ track records, jockey, and everything about the race itself. You might be wondering where you can get this information.
All of this information and more can be found in the form guide. So what is a form guide? Form guides, also known as racing forms, are paper brochures containing information about the race, horses, jockeys, etc. Of course, they won’t tell you which horses to bet on, but if you know how to apply this information to your bets, you will be giving yourself a good chance of winning them.
Look Up the Jockey’s Experience
Researching about the jockey is also as necessary as researching about the horses. There is a lot to research when it comes to jockeys. The first and most important of which is their experience.
You have to discern whether the jockey is a fairly new one or has been to multiple races for a long time. Also, see their track record, how often they win, and the circumstances of those wins. Next, see if the race they are in currently is the first one after a long break or a regular one they participate in. And then, finally, you have to see how the jockey is faring with their horse. If the jockey has never ridden that particular horse before, there might be some issues.
Vary Your Bets
When betting on horse racing, you need to be realistic with your bets. When I say realistic, you have to vary your bets and not only bet once and hope for a big win. That’s just wishful thinking. That said, if you want to have a big profit and ROI, one way you can do that is to vary your bets and cash in every opportunity you see.
One way to do this is to bet on multiple horses at once, or more preferably, bet on trifecta or exacta. These types of bets are simple, you only have to bet on multiple horses at once, and if they win or in the exact places you bet them to be, you win the bet.
Of course, you don’t have to only do this in a single race. Bet on every race and horse you are confident with. Yes, it might be costly, but the ROI is higher than what you will be cashing out. Also, avoid the place and show bets. They might be pleasing to the ear because they are easy to win, but the ROI is not good.
Bet on Recent Winners
This is one of the most common strategies out there and one of the most profitable too. That said, horses that have won a race recently are almost always a good bet to wager money on during a race. This is why you have to dissect the form guides because the horses’ track records are typically in them. These horses will be most likely the top contender in the race, which are the best bets you can wager on.
The sport itself might not be as exciting as other sports like football or basketball, but the thrill of betting on it is just the same. However, even though millions of people are betting on horse racing, only a few of them actually engage in research to give themselves a better chance at winning. That said, knowledge is a weapon, and it doesn’t only include horse racing but any form of sports betting.