Best Tips For Betting On Horse Racing

Best Tips For Betting On Horse Racing

Whether you are going to the track or watching the action at home, horse racing is a thrilling sport to bet on and nothing beats backing a winner. If you have never placed a bet before on the sport, or you are a regular at your local course, here are some tips which will hopefully help you become more successful.

Every Horse Has Its Price

Racing Post via Twitter

The odds on each horse in the betting should reflect its chances of winning. For example, when the wondermare Winx is in action, her odds are likely to be very short just like they were when she won the Warwick Stakes on her last start. Occasionally though the bookmakers make a mistake with their prices. Before looking at the betting, read the form of the race and try to come up with the odds you feel each horse should be. Once you have done that, compare your list with the bookmakers' market and if you feel they have underestimated one of the runners, that is the horse you should back as you will be getting the best value.

Value Can Be Found In The Ante-Post Market

The bookmakers like to go up very early with an ante-post market on the leading races each year. If you have a strong fancy for a horse, you can often get much bigger odds in this book than you would on the day of the race. For example, Red Cardinal is the $20 favourite in the horse racing betting for the Melbourne Cup in November. If he is declared for the race and is it fit and well, he is likely to be at least half that price when they line up on the day.

Back Each-Way In 16-Runner Handicaps

The each-way terms on offer will vary from race to race on the card. When there are 16 runners or more in a handicap, your horse only needs to finish in the first four in order for you to collect with the place part of your bet. If the race you are betting on is 15 runners though, you will only receive three places. There will be occasions where some bookmakers will offer enhanced terms in big races, however, four places in generally the maximum you will have in your favour.

Stick To Singles

Doncaster Racecourse via Twitter

This may seem very simple, however, placing singles bets increases your chances of winning. The more horses you combine into an accumulator, the bigger the odds become of you being successful. The bookmakers much prefer you to place multiple bets as they know they are in driving the seat and that they are unlikely to have to pay out. Every now and then a customer will get extremely lucky and pick up a considerable amount with an accumulator, especially on days when certain jockeys do well like Frankie Dettori's magnificent seven at Ascot in 1997, however, in the long run, the odds are firmly stacked against you.

Always Check The Ground

The most important piece of information the racecourse will release before racing is the ground condition on that given day. This is crucial as some horses prefer fast ground which is when the turf is on the firm side, while others want it slower; therefore, they need rain it ensure it is soft. When you look through the form of a horse, check how it has performed on the ground it is set to come up against. You can rule a lot of horses out with this method.
Remember these five tips the next time you place a bet and, hopefully, you will be walking away from the races with plenty of money in your pocket!