Horse Racing Betting Strategies: Effective Methods

Basic Horse Racing Betting Strategies

To ease readers into horse racing strategy, we have started with the most straightforward strategies to understand; these could also be argued to be the most essential approaches to placing horse racing wagers.

Do Your Research

Each horse and racing event is different, so before placing a bet on any horse, it is vital to do your research. You should look into your chosen horse’s performance history, preferred race and track type, experience in the event, previous injuries, and even breeding. We also recommend looking into the trainer and the jockey, as these will significantly impact the race’s outcome. Bettors should also check out the competition while they’re at it.

Understand External Factors

Many factors will affect the outcome of a race, including the previously mentioned factors (trainer, jockey, and injuries). However, there is an extensive range of other factors. Some horses will perform better on some surfaces than others or under specific conditions. For example, a horse used to colder and wetter conditions will perform better in the rain or low temperatures than one trained somewhere much warmer. Of course, handicaps will be in place to help even the playing field.

Claim Bonuses and Promotions

Though it is not a strategy to help you make more secure bets, this strategy will boost your available funds. Users can place more bets on their favourite events by claiming bonuses and promotions for horse racing markets. Of course, we always recommend reading the terms and conditions before claiming any promotion. All the best horse racing betting sites will offer promotions and bonuses.

Our Favourite Horse Racing Betting Strategies

Now, let’s get into the more complicated horse racing betting strategies. We do not suggest using all of these strategies when placing a horse racing bet; it is up to you to decide which best fits your wager.

Dutching

This is the most widely used horse racing betting strategy. Dutching involves betting on more than one horse to win the same race. Betting on two horses improves your odds of placing a wager on the winning horse, though it is important to note that this will not guarantee a successful bet.

80-20 Betting

Evolved from the Dutching betting strategy, the 80-20 strategy tells bettors to wager on two horses, either on the same race (dutch bet) or two races, but split your stake by 80% on one horse and 20% on the other. The 80% should go on the short-priced horse, while the 20% goes on the outsider. The strategy aims to match your profit potential on both bets.

Laying The Favourite

First, what is a lay bet? This is when you bet against something happening. So, laying the favourite bet is when you bet against the favourite winning the race. This type of bet is excellent as the potential payout tends to be much higher. However, we do not suggest placing a large stake in this type of bet as the favourite tends to be so for a reason.

Pick 3

Users must choose three horses to win three separate races in a pick three bet. For the bet to succeed, all three horses must win, which is possible as long as you do the appropriate research. The pick three strategy is well-liked as the potential winnings are much higher than any other bet type. For further information on the best horse racing betting tips direct from our experts, click here.

Ways To Bet On Horse Racing

When betting on horse racing, there are various outcomes to bet on; we have listed all of these below. Ensure that you understand each fully before placing your bets.

• Win Bet: You bet on which horse you think will win the race.
• Place Bet: Bettors back a horse to finish first or second place.
• Show Bet: Bet on a horse to finish in one of the top three spots.
• Exacta Bet: Picking two horses to finish 1st and 2nd in the correct order.
• Quinella Bet: The same as Exacta bet, but instead, the horses’ positions are interchangeable.
• Trifecta Bet: Pick three horses to finish 1st, 2nd, and 3rd in the right order.
• Superfecta Bet: This is similar to the Exacta and Trifecta, but instead, you bet on the winning four horses in the precise order.