How to start betting on horse racing

How to start betting on horse racing

Betting on horse races
Autor betsonly 25 May 2017

Here is our guide to start betting on horse racing. We've got some simple tips for beginners and listed a few of the most common mistakes.

For centuries, horse racing has been a sport intended only for kings. Nowadays, millions of people love horse racing and it has become very popular among sports gamblers. But in the sports betting field, those who want to start betting on horse racing need some key skills that horse betting requires.

Horse betting offers lot of different betting markets and, it's not so easy to understand how it works, especially how do horse racing odds work. If you want to start betting on horse racing, there are some fundamental rules to take into consideration. Hereunder, you'll find our tips for beginners to start betting on horse races. Our main motto is "keep it simple".

First things first. Find out which are the best online bookmakers for horse racing?

In our opinion, Betfair is definitely the best option for online horse betting. Why's that? The Betfair betting echange has much better odds than traditional fixed odds because of the low margin nature of the exchange. Also, Betfair Live Video Service offers live racing coverage on a daily basis. This is a great benefit. Bet365 is another good option. Besides live streaming video, Bet365 allows players to bet on a large choice of competitions and bet variants. Finally, we recommend you to take a look at Paddy Power website. They offer daily horse racing specials and enhanced odds.

At the beginning, focus on simple bets, such as "Win or "Place".

As a beginner in horse racing, you should focus on simple bets. Run away from exotic bets or betting markets you don't understand otherwise, your bankroll will decrease very quickly. For example, in a simple bet like "Winner", you place a bet on the horse you think will arrive in first place. More simple is impossible. Another recommended wager is "Win/Place". To win your bet, your horse must finish 1st or in a certain position, usually 2nd or 3rd.

Gain experience and improve your skills.

The best way to get experience is to watch as many races as you can and take notes at the same time. Also, it's a very good idea to compare odds from different bookmakers sites in order to get the best prices on a specific horse. We advise you not to follow the market in a systematic way, for example backing the favourite.

Don't forget that mistakes are part of the learning process.

All players will face winning and losing streaks. Keep in mind that it's not a good idea to raise the stakes trying to recover money fast. Use common sense when staking and don't put your bankroll at risk uselessly. Consistency is the key to success in sports betting.