Horse Racing Betting Guide, Tips, Odds & Promotions
Sports betting has been the favorite pastime of millions of people for decades and horse racing is one of the sports that most people have been betting, especially in the UK. Horse racing betting is ideal as the races don’t take too long to finish, there is plenty of stats to look at and the sport is highly competitive.
If you are new to betting on horse racing, keep reading and discover the intricate world of horse race betting. Find out what type of horse racing bets you can place, what is important to look for in horse racing bets and how you can place your bets with the online bookmakers.
What Can I Bet On?
Horse racing betting is one of the favorite types of sports betting for a ton of UK punters. Cheltenham is for example one festival very popular in the UK and all over the world in fact. With hundreds of individual races happening around the world on a daily basis, and just as many happening in UK and Ireland alone, the choices are more than sufficient.
One of the biggest races in the world is The Kentucky Derby, also known as the Run for The Roses. This race has taken place since 1875 and is a part of horse racing history. This race draws big crowds and can host up to 170 000 spectators, making it the biggest race in the world. With a race as big as this, many are looking to get in on the betting action, either live or at their favorite betting site. Make sure you check the stats for the horses and jockeys before making a bet on The Kentucky Derby.
For the most parts, two types of horse racing bets are made. These are the straight up win and the each way betting. The first one is quite self-explanatory, as you are betting a single horse to win the entire thing. Such bets are usually offered at quite high prices and many professional punters prefer to place them instead of the each way bets.
The each way bets on the other hand offer lower odds, but it is sufficient for your horse to place in the race for you to get some type of a return. The return will depend on how high your horse has placed and you will never receive the full amount on the win, which makes these bets lower risk but also lower return.
Betting Tips: How Should I Bet Horse Racing?
Like all sports betting, horse racing betting is also about value. You need to find horses that you believe the bookmakers have overpriced and then place bets on these horses. Due to the extremely high odds offered, horse racing betting can come with quite a high variance, meaning you may lose many bets in a row before you win some, even if you are making good bets.
If you intend to bet horse racing, make sure you have quite a deep bankroll before you jump in there. Once you are sure your bankroll is deep enough, you will need to start looking into the mathematics of things and finding the value in different horse races. Which horse is offered at a price higher than they should be? Why is that so? Is there anything you are missing?
The true horse racing punters spend many hours analyzing previous races and finding all the latest news regarding the horses and the jockeys who will be riding them. This way, they are able to make smart bets and possibly beat the bookies. In fact, many professional horse racing sports bettors consistently beat the bookies with quite a high margin.
Where Do I Bet?
There are dozens of betting sites that include horse racing in their offer. If you are serious about horse racing, you should start an account with multiple bookmakers to always be able to get the best possible odds and never miss a horse race in your life.
You could also bet in your local betting stores, but if we sum up all the bonuses, promotions, free bets, odds and ease of access that online bookies offer, it is clear that online sportsbooks are a better choice. For the most part, you will stick to a few bookies for horse racing, but you may be surprised by other bookies occasionally offering better odds, so stay on the lookout at all times.