Betting on horse racing is a multi-million activity many enjoy. Horse racing betting has been around since the great ancient civilizations of Greece, Babylon, Syria, and Egypt. Countless myths and legends have circled in dedication of old contests including the bout between the god Odin and the giant Hrungnir in Norse mythology. The fun and excitement still continue to this day and with the emergence of the internet, horse racing has gotten more accessible than ever.
Many horse racing enthusiasts bet on their favorite horses. But how do you get the odds to be in your favor? Here are some tips and tricks to help you win on horse racing.
Knowing the Basics
1. Handicapping Skills
Handicapping means to determine which horse is the most likely to win a race. A true test of the bettor’s creative intelligence, handicapping is not merely a systematic computation, it shows one’s skill and innate talent. To be good at this, you need ton acquire the Daily Racing Form, which you can find on the track.
2. Beyer Speed Figures
These helps the bettor to start the handicapping procedure. Two numbers comprise this—the pace and speed. Take note of the speed projections and the pace projections to eliminate the horses that don’t have good statistics.
3. Race Distance
The tract distance tells a lot in the outcome of each race. To get the most out of this, look for the horses that don’t tire out around six furlongs or even twelve furlongs. Remember, horse’s speed should also come with agility and resilience.
4. Venue and Weather
The venue and weather get the same importance as the horses themselves. “Track bias” as its called, is a factor which can change the outcome of the race just because of the track condition and the weather fluctuations. You want to bet on the horse that can overcome these track biases.
5. Form Cycles
Look at the statistics of each horse and determine whether that specific horse can deliver considering all the points above and more. Other points to consider include the history and talent of the equestrian, and the time of the race. It is worth noting to give the horse some degree of error as live beings, they cannot be expected to be at their best all the time.
Betting on Horse Racing
1. Know the Track
If it’s your first-time betting, it is good to get physical and know the track by yourself. Check the track before the race begins. Look at the bettor’s window, sit at the benches, and essentially get an overall feel of the venue.
2. Daily Racing Form
Purchase the Daily Racing Form at the counter. This may be the most important form in a handicapper’s arsenal. It contains detailed information on the horses competing in the day’s races.
3. Types of Bets
- Show. You win if the horse finishes 1st, 2nd, or 3rd.
- Place. You win if the horse finishes either 1st or 2nd.
- Win. You win if the horse places 1st.
- Quinella. Wager on two or more horses to finish 1st or 2nd, in any order.
- Exacta. Wager on two horses to place 1st and 2nd in the exact order.
- Trifecta. Wager on three horses to place 1st, 2nd, and 3rd in the exact order.
- Superfecta. Wager on four horses to place in 1st, 2nd, 3rd, and 4th in the exact order.
Other Important Factors
1. Horse’s Condition
We mentioned about the DRF. It is important to really get to know the details of that form specially, the characteristics of each horses. Other points you need to consider include:
- The price of the horse. Usually, if the equestrian or a company bought a horse for a high price means that the horse has a huge potential of winning.
- Equipment changes. Do the owner give the horse the right equipment it needs to win? Does its equipment change whenever it loses?
- Workout speeds. Owners record practice time of their horses. Consistency holds the key for a successful horse. Look out for this.
- Breed and gender. Not all horses are the same. Some are just physically more capable of handling huge races. Take note of this in picking your next horse.
2. Work on Two Pockets
An experienced bettor more than once has placed bets on both big and small levels. Usually start with smaller pocket to work out then bet higher accordingly when the race gets bigger. Remember, a higher risk means greater outcome. However, as all gambling activities, one must know his own limitations.
3. Properly Place Your Bets
When placing your bets at the venue, it is important to properly place your bets. The proper order is: racetrack, race, amount, bet type, and horse number. For example:
“At Santa Anita Park, I would like to bet on the 3rd race; a $4 Place on horse number 15.” Do this in advance before the 3rd race happens.
When placing your bets online, make sure that you input the aforesaid information clearly and correctly. Online sports betting lets you place live bets even when not in the venue of the race.
Start Betting Now
Now that you know the basics and some tips and tricks on horse racing betting, start your betting journey now and enjoy.