Updated: Jun 26, 2019 11:48 am
Are you a big horse racing fan that would like to try betting on races? In that case, you’ve come to the right place. Take a look at these five beginner-friendly tips that will help you design the right wagering strategy.
Experiment with Different Bets
We are sure that it is exciting to watch a horse race, and root for your favorite to win. It is a straight-up wager that can yield significant profit, especially if you choose someone else than a clear favorite for a particular event.
But did you know that there are other horse racing betting types you can experiment with when playing? For example, you can enjoy the benefit of the so-called place bets. These allow you to pick a horse, and win in case he ends up in first or second place. The odds might not be as favorable as for a straight win, but you will increase the chances of winning significantly.
Feel free to use small wagers to try out different betting types. Once you figure out how to mix them to fit your playing style, you can start increasing the stakes.
Don’t Bet Because You Like the Horse’s Name
Believe it or not, this is a very frequent method of choosing which horse to bet on, especially for casual players. If they have similar odds, the chances are they would go with the horse that has an unusual or interesting name.
That is the wrong approach as you are basically relying on luck. Instead, you should always read the latest news from the world of horse racing. Check out the statistics, inform yourself on the recent events, and you can make an informed bet that will boost your winning chances.
Find the Best Odds
There are thousands of bookmakers in the online betting world, but not many of them are worth your while. That is why you should look for those that offer the highest odds, and the most attractive bonuses for joining their websites.
Professional bookmaker reviewers like Nostrabet can assist you in picking the right platform to bet on horse racing and other sports. You can check out the odds offered on ante-post and in-play bets, as well as bonuses and various advantages that premium bookies secure for their players.
There is no reason why you wouldn’t have betting accounts on multiple websites. That way, you can maximize profit by picking the bookmaker that offers the highest odds for every race.
Don’t Bet Every Race Possible
You may be bored and looking for a way to amuse yourself, but there is no reason why that would cost you a ton of money. If you bet on every race possible, the chances are you won’t be making informed bets. That will decrease your chances of winning, which will make it difficult to manage your bankroll.
We can’t tell you what is the optimal number of races to bet on, and there is no reason why not to aim to bet on as many as you can. However, make sure that each of those wagers makes sense and can contribute to increasing your funds.