Horse racing is one of the most popular and well-known sports in the world of sports betting. The Triple Crown racing events of thoroughbreds consisting of the Kentucky Derby, the Preakness Stakes, and the Belmont Stakes are the most popular and looked after. It draws a staggering number of people each year, most of whom place bets for these events.
Horse racing is very easy to get started. Anyone can bet as long as you place a wager on a horse, even without prior knowledge. However, it would be more fun if you start and learn a few more things for you to bet on horse racing events.
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Learn About Horse Racing Schedules
There are a lot of horse races that take place every year. To better prepare for the whole year of horse betting, you must familiarize yourself with the upcoming horse racing events. Learning about the horse racing schedule ahead of time will help you better plan your betting strategy more efficiently. You can find up-to-date schedules on sportsbooks like TVG, which offer their bettors a convenient betting experience.
Read About The Running Horses
Being knowledgeable about those horses before betting will help you in winning. To discover more information about the horse racing event, some bettors will watch the past performances of the running horses, and some will rely on observing the horses before the race.
However, to research effectively, there is some valuable data online that you can access for free. Also, sportsbooks present horse racing odds that you can use as a reference to the event. It would be best to start gathering information as early as possible.
Know The Horse Racing Odds
Horse racing odds are the reflection of how much you stand to win with the wagers you placed. It provides a picture of how bettors view a particular horse race and can be a basis for betting strategies.
To calculate the amount you can win with your bet, multiply your intended wager by the represented odds and add in your original stake. The total will represent the payout you will get if your bet wins.
For instance, the odds are shown as 30-1, and you bet $2. So, your $2 x (30/1) = $60. Then you will add your original stake, which is $2. So, $60 + $2 = $62. Remember that your payout will be whatever the odds are when the race starts.
Sign Up With A Reliable Sportsbook
The best way to become a successful bettor is to choose the reliable and best sportsbook. The sportsbook or bookmarker is the one that accepts your wagers. Moreover, you will come across a wide range of sportsbooks online. However, you must remember to choose the best and most reliable one.
Finding the right sportsbook is as important as choosing who you will bet on. If you know what you are looking for, you can list all the sportsbook candidates that offer the type of bet you like. Ensure that these candidates have not violated any deal-breakers and have a good review of their site.
Discover Different Horse Betting Types
You should understand all the different ways of betting to choose from before placing a wager. You might encounter different types of horse racing bets and this might confuse you. Still, you must learn them to become a successful bettor.
- Standard Wager. If you are interested in betting on a single horse or your top pick horse.
- Win Bet. The most simple bet and has the highest payout. For you to win, your chosen horse must be in first place.
- Place Bet. You win your bet if your horse finishes first or second place.
- Show Bet. The easiest type of bet, however, the payout is usually smaller than the other two. You win your bet if your top pick horse finishes first, second or third place.
- Exotic Wagers. A lot harder to win than the standard wager. Exotic wagers involve betting on two or more horses.
- Exacta Bet. This type of bet requires you to select two horses to finish first and second place in a specific order for you to win.
- Quinella Bet. It is a simplified version of exact, but it is only available for certain tracks. In this type, you are to select two horses to finish in the top two, but their order can interchange.
- Trifecta Bet. A complex type of bet that requires you to pick three horses that can finish the top three in chronological order.
- Superfecta Bet. Requiring you to select the top four finishers.
Final Thoughts
Being a confident bettor is a great feeling. It can be fun and profitable if you know what you are doing and can beat the odds. Remember, do not be blinded just because there are a lot of bettors to certain horses, it does not mean it can guarantee you will win.
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