How to Bet on Horses: Tips and Strategies for Beginners

how to bet on horses

Horse racing is one of the oldest sports disciplines in the world, but it continues to be a common choice for punters even today. Simply put, this is a sports discipline in which horses and their riders participate in flat-course races or ones involving obstacles. The discipline is accessible on numerous sportsbooks, and UK horse racing not on GamStop is an option many excluded players take advantage of. Before you start wagering, however, it’s advisable to get familiar with the strategies we’re about to present in the following sections.

Horse Betting Tips for Beginners

Horse betting is a highly entertaining gambling activity, but it requires experience. If you haven’t bet on horses before, we recommend you check out the next list. It contains several incredibly valuable tips that will make your betting experience much more enjoyable and secure.

  • Set a budget
    The first thing you need to do before you lay your bets on a horse racing event is to draw up a budget. Having a predefined budget will help you avoid placing risky bets and losing a fortune if things go downhill. This happened to the well-known punter Dave Nevison, who lost over £45,000 during one of his wagering sessions.
  • Always consider your bets carefully
    One of the most important things you must do when you bet on horses is to consider each wager of yours carefully. Conduct your research and get acquainted with different wagers’ specificities. Also, check out the performances of the race’s participants.
  • Change your bet if necessary
    Many players lay off their bets when the racing takes an unexpected turn. That’s certainly a smart decision, as you minimise the risk of losing all your money. The punter Will Hayler, however, couldn’t do that on time and ended up losing a lot of money.

Strategies for Making a Successful Bet On Horses

Although there isn’t a strategy that can guarantee a win, some tactics will certainly benefit you. No matter which non GamStop sportsbooks you choose to go with, it’s advisable to use each of the following tips and tricks.

  • Do your own research
    First and foremost, ensure you’re fully familiar with the specificities of horse racing. It’s vital to learn the rules of the game to make more informed decisions when you bet on races. Furthermore, you should also observe participants’ performance in the event you consider wagering on.
  • Learn everything about the different bet types
    Similar to all other sports, horse racing also comes with a certain set of betting types. Learning everything about the available options is necessary, as the listing includes Standard and Exotic Wagers.
  • Practice your skills with other sports
    If you have previous experience with different football betting providers, you’ll surely find it easier to grasp horse racing betting rules. Although they’re completely different disciplines, all sports share certain similarities when it comes to wagering. Therefore, practising your skills with disciplines such as tennis, baseball, basketball, and football will be very beneficial when it’s time to bet on horses.

Where Can You Bet on Horses?

Betting on horses is possible at special racetracks that host numerous events every year. Alternatively, one can also gamble at online sportsbooks. For many users, the second option is much more convenient, as it allows for wagering from the comfort of your home.

As most of you know, there are bookies without verification needed, and many punters favour them. That’s because they allow customers to lay bets right after registering on the site without obligating them to go through a verification procedure. On the other hand, betting sites with verification have strict rules, according to which newcomers must verify their identity before laying wagers.

Most Common Horse Racing Betting Mistakes

One of the most common mistakes punters make is to place irresponsible bets. In many cases, this costs them everything. The cases of David Milch and Ed Cheeseman show how serious horse betting addiction can be. Both punters have lost a fortune due to making irresponsible and very risky bets. Milch is currently in debt, which is over $17 million. Cheeseman, on the other hand, used his clients’ money to bet on horses. When things went downhill, Ed got a sentence in the Federal Pennsylvania prison.

Another important thing all new bettors should note is that gambling at licensed sportsbooks is crucial. This will provide a safer betting experience free from fraud or other potential issues.

Horse Racing Betting Strategy: FAQ

What is horse racing betting, and how does it work?

Horse racing betting is available at horse racing venues or online. Many punters prefer to lay their wagers online, as it’s convenient and doesn’t depend on your location. As a bettor, your goal is to predict the winner in a horse racing event.

How can a beginner get started with betting on horses?

As a new bettor, you first need to get acquainted with the game’s rules. Next, you must find a reputable bookie that allows betting on horse racing events. Lastly, it’s advisable to learn all about the different bet types, namely Standard and Exotic bets.

What are the different types of bets I can place in horse racing?

Betting for beginners allows punters to place various types of bets. Some of the most popular ones include Win, Place, and Show bets, which fall into the category of Standard bets. Exotic wagers, on the other hand, involve Exacta, Quinella, Trifecta, Superfecta, etc.

How do betting odds work in horse racing?

The odds in horse racing betting reveal how likely each horse in the respective competition is to win the race. Horse betting odds are displayed as two numbers. For example, if you use 8-4 odds, the first number shows how much you’ll get if your bet is successful. The second number is the amount of your wager. So, in this case, you’ll learn $8 for every $4 you bet.