Horse racing has always been known as the sport of kings, and horse race betting is not that far behind. There’s a reason the horse betting industry has become one of the fastest-growing in the world; it’s exhilarating!
That said, as much as you want to rush to your laptop to place a few bets, there are a few essential things to know. This article will cover some of the fundamentals a beginner horse bettor needs to know to win their first few bets.
The Different Races
If you are new to horse betting, one of the most important things you should know is the different races and events. The types of races in horse racing can be categorized into four types: flat racing, harness racing, steeplechasing, and endurance racing. Each type of race has different rules, different horses competing, different jockeys, and different trainers.
Then, there are the different horse racing events. The major horse racing events draw horse bettors like bees to honey because it is an opportunity for big money to be made. Much like races, the bets that can be made here differ quite a bit, and you need to learn as much as you can before entering the big leagues.
The Different Bets
As mentioned above, different types of bets come with different races and events. This is very important to know as a new horse bettor since different amounts of money can be made by placing different bets.
The most common type of bet that most new horse bettors are aware of is the win bet, which is betting on the horse you think will win. However, there are other bets, like the place bet and the show bet. Place bets allow you to bet on the horse you think will place first or second, and show bets are for first, second, or third.
There is also an each-way bet, which delivers a payout if the horse you pick finishes within a specified amount of places. Before placing this type of bet, make sure you research how many each way places bookmakers are paying out for, as well as the place terms. Mixing up your bets is critical to ensure you at least win something at the end of the day.
Horse Betting is a Long Game
Speaking about the end of the day, one of the most important things you should know as someone new to horse betting is that horse betting is a long game. Most beginners assume they will make a lot of money within the first few bets.
Unfortunately, this is not the case, and it is imperative to understand that your profits as a horse bettor will be the accumulation of smaller wins that add up over an extended period. This also means you must have a budget when you are betting. Having a budget will allow you to make consistent bets throughout the season.
Research is Important
Of all the things that a new horse bettor should be aware of, one of the most important is that research is the name of the game. While it is true that doing research is not as fun as watching your favorite horse race down the track, hoping that they will cross the finish line first, it is a necessary part of betting on horses.
The first thing you should do if you are new to horse betting is identify some of the most important factors you should research above all else. This is a good starting point to get the hang of doing research and see its benefits.
Bonuses Should Be Used
Finally, the last thing you should know as someone new to horse betting is that bonuses should be used and used as often as possible. You may have already registered with the site and received your first welcome bonus.
Not to worry – many horse betting platforms will provide bonuses for specific races over the month. You should take advantage of these bonuses as soon as they appear since they allow you to earn money without spending too much of your own. However, remember that even though you are using a bonus, you should still research.