Horse Racing Betting Guide For Beginners

horse racing betting guide

Horse racing competitions have been attracting bettors since the 17th century. As one of the oldest and most popular forms of gambling, this performance sport couldn’t help but have an army of fans and bettors. Before joining them, read an ultimate horse racing betting guide to know how to make wagers and win.

One of the most ancient types of sports, horse racing has a lot of followers. As a part of gambling, it emerged around the 1600s – no other competition covered by sportsbooks can boast of such a long history. In 2008, horse racing competitions were worth $115 billion on the betting market and we can only imagine their value nowadays. 

All in all, horse racing is probably the fundamental sports competition in the gambling industry. If you want to join it, read a horse racing betting guide first. It will teach you how to bet on horses as well as give useful betting tips.

How to pick a horse? 

The right choice of a horse is halfway to success in horse race betting. Making predictions about the possible winner seems difficult, but there are some markers that may help you to pick the right horse. Just follow three steps before placing a bet on any participant:

horse racing betting guide
Can’t wait to see how this will shake out
  • Read form guides. A racing form or form guide is an information sheet containing all the latest data about horses. Before every competition, such a list is placed on the Internet, so you can easily find it. Following the list, you will study horses’ physical characteristics (age, weight, speed), their winning stats, information about jockeys, and so on. One of the most important things to pay attention to is trauma. If a horse was injured during past performances, it is better to skip it while betting.
  • Learn about past winners. Follow the winner’s list or latest online sportsbook news to learn about the most recent winners in horse racing. Also, they are available in form guides. Thanks to this info, you will see whether the horse has previously won a particular distance or a particular course. If yes, its winning chances may be quite high.
  • Study betting odds. Obviously, odds at sportsbook sites may help a lot. Usually, they are formed by horse racing fans who did all the research for you. Therefore, all you need to do is to pick a horse from top-3 and wager on it. 

Where to place stakes?

You don’t need a horse racing betting guide to find odds on competitions. Horse racing is so popular that you can bet on it at every single sportsbook site. 1xBet, Intertops, Bet365, Betway, Unibet – all the biggest online betting sites have a wide variety of horse competitions.

If you don’t want to bet online, you can find betting offices in your city or visit the competition itself. 

3 useful tips by horse racing betting guide

Don’t bet on favorites. Although odds may trick you, one shouldn’t always bet on the most possible winners. Sometimes, underdogs can show impressive results and bring more profit to those who wager on them. Therefore, avoid betting on horses with the best odds all the time.

Decide about your budget. Winning money on horse racing is amazing but don’t be overexcited about it. Gambling is just another form of entertainment, so stay calm even if you win. As the most popular mistake punters make is spending more than they can afford, plan your “betting budget” in advance.

Use bonuses. Learn how to claim online sportsbook bonuses to use them on betting. Thanks tobonuses, you may save some money or multiply your winnings in case of picking the right horse. Also, bonuses will help you if you are a new user at a sportsbook – you will get first deposit perks and other welcome bonuses.

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