So how should you approach betting on horses? What are the horse racing tips you should follow, and what are the tips you shouldn’t?
The fact is, people have been asking themselves these questions since betting on horse racing began all those years ago And the answer is not simple. However, there are certainly some sensible strategies that you should follow.
Firstly, don’t bet on a whim, and never bet more than you can afford. Consider the form and remember information is key. Then, when you go to place your bet, research the odds offered by the bookmakers, and consider the bonuses on offer. For example, if a bookmaker is offering your stake back if your horse loses to the favourite, then you are somewhat covering your bases. Likewise, with an each way bet, see if any site is offering extra places to give yourself a better chance of success. These seemingly small things can make a big difference.
Horse Racing Markets, Bet Types and Odds
Horse racing is a unique sport and betting on it can often involve it’s own type of language. However, don’t be intimidated, like anything you can pick it up if you take it one step at a time. But definitely start slowly and surely so you can learn what it’s all about. In terms of the most important rules, markets, bet types and odds to look out for, here is a little guide to help:
Horse racing betting rules
There are not too many rules you need to be careful with when betting on horse racing. The betting site rules and regulations must always be adhered to and make sure you are always familiar with the terms and conditions of your horse racing betting site.
In terms of specific horse racing betting rules, there are couple of little things you should be aware of. First, note that it is not uncommon to have a non-runner in an event, so make sure that your money is guaranteed to be returned if you select a horse that doesn’t run. A non-runner will also likely affect the odds you have placed a bet at, so keep an eye on changes. Another thing to think about is the rather complicated nature of each way bets. These are, in essence, a type of double bet, so your stake will be doubled if you select this type of bet. In terms of the amount you will get if your horse places (ie, doesn’t win but finishes in a ‘place’ position, which guarantees a return), this is influenced by all manner of factors, so can be a little tricky to follow. Also note that sports betting sites will also run promotions on how many horse place, so always check this before you make an each way bet. Other bets to look out for are forecasts and tricasts, where you predict the horses to finish first and second or first, second and third in the correct order. As you can imagine, the odds on these types of bet are lengthy.
Horse racing top events and races
For Irish horse racing betting fans, it’s hard to look past the Cheltenham Festival (the Gold Cup) which takes place in March each year. This is one of the biggest betting events in sport. But on top of that make sure your horse racing betting site not only has all of the top UK festivals (including the Epsom Derby, Grand National and Royal Ascot) but the top Irish events too,, including the Irish Grand National, Punchestown Festival and Derby. Internationally, it’s a big bonus if you can get future prices on events such as the Dubai World Cup, the Melbourne Cup, the Kentucky Derby and the Arc de Triomphe. But the fact is, there is usually a big racing event every weekend of the year, and a meeting on practically every day. The number of races to bet on is quite incredible.