If you enjoy horse racing betting, then you’re going to want to learn how to maximise your chances of winning – after all there’s nothing better than placing a bet via a sports betting louisiana site, or a site in any location, on a winner. The thrill of seeing them win the race, and then seeing your money multiply can be a lot of fun! If you’re looking to take your game to the next level, keep reading to learn my top 4 horse racing betting tips.
1. Do Your Homework
While it can be fun to just randomly place a bet and see what happens, the truth is if you do your homework then you’ll have much higher chances of placing the winning bet. If you spend time doing the research before placing your bet, you’ll likely be in the minority of people. There are things called racing forms, sometimes called racing guides, which are jam-packed with plenty of information that will make it easier for you to make an informed decision about who to bet on. The racing form has things such as the age of the horse, the jockey’s details, and the overall odds. You’ll also see how the horse performed in past races, and that can help you guess which one you think will win. If you want a site where you can easily place bets, check out the racing nap bet.
2. Try Different Bets
There are so many more types of bet than just the standard ‘who will win’ style of betting. Fixed odd betting is a type of betting when there’s a clear odds of winning, and the payout is calculated based on this ratio times the amount you staked. This is probably the easiest style of betting to understand and you can estimate your winnings if you are correct before you place the bet. Tote betting is quite different and is based around the total pool of all the stakes made for the bet. The more people bet, the larger the pool and the more there is to win. This makes it almost impossible to calculate your potential payout before placing your bet. Exchange betting is another betting type, and instead of betting against the bookmaker, you’re betting against someone else. You will choose a horse to bet on, decide what odds you think they have, and then offer a stake. You essentially want to find someone who’s betting against you. Understanding the types of betting available to you can help you decide which is best for you.
3. Have a Clear Plan
Some people find horse racing betting an emotional thing and find it hard to set limits. If this is you, then you’re going to want to establish a clear plan before you go. How much are you prepared to bet? How much can you afford to lose? If you win your first bet, how much are you allowed to place on another bet? Think about your total budget for the day before it comes around, so you can be confident in your betting strategy, so there’s no room to get wrapped up in the excitement of the day. This is especially important if you have an impulsive personality.
4. Consider Multiple Horse Bets
This definitely requires a bit more research in order to have a shot of winning, but this is where you can bet on which horses will take the top 2 or 3 spots. This is often called an ‘exacta’ bet, and you’ll need to get the horse placements correct, so the right horse for 1st place, and the right horse for 2nd place too. Obviously, this is a bit more complicated than just picking the first horse, so the payouts are considerably more. But if you’ve done a decent amount of homework on the horses, then you have a good chance of getting it right. This style of betting is best when you’re confident in the horses and have a good understanding of them.
Hopefully, these tips help you feel more excited and confident about placing your next bet. Horse racing betting is a fun way to make extra money and to have a fun day out at the races.