Knowing the best tips when sports betting is important as it can help you bag huge wins. With the variety of sports to wager on, betting on horse racing can be overwhelming. But knowing the basics and best tips to win makes it easier to take home a huge amount of payout.
Horse racing is one of the most prolific sports in the betting industry because it has many off-track betting locations worldwide. This has led to growth in the modern online betting space because of online sportsbooks.
Knowing the fundamentals of horse racing can be a big part of winning sports betting. Learning about horse racing terminology and even knowing the schedule are some of the things you should take into account when placing your bets.
You should always research the horses that are in the race so you will know which one to pick. Usually, there are more than 10 horses and their names will be released publically. Previous performances will play a factor but you should also take a look at the horses’ health. These races will be significantly affected by the injury history because if they get hurt, their performance level will most likely fall off.
Jockeys get the most out of their horses and if they have a good reputation, they will be a factor for your wagers. Take for example John R. Velazquez or Joel Rosario who are both top-tier jockeys. If you are familiar with all of these factors, you will most likely triumph with your wagers.
The racing surface and weather conditions will be vital when deciding on bets. Some horses thrive on a muddy track but even the best horses can struggle there. For example, if you are betting on the Kentucky Derby, look at the weather during the day of the race. If it is raining, your favourite might win. However, if it’s warm outside, the favourites will usually perform at their peak.
Rain and sunlight are not the only factors that you should consider because the wind will also be important. The wind can slow the horse down and tire them out quicker than other weather conditions.
Most online sportsbooks provide odds that detail the probability of an event occurring. In horse racing, there will be odds for every horse involved in the race, therefore getting a clear favourite and various underdogs.
The odds also predict the amount of payout you can win. There are many types of odds that you can use to your advantage. Here are two of the most popular types in the betting space:
- Moneyline – Accompanied by plus (+) and minus (-) icons, these odds determine the favourites based on the amount given. If the number has the plus attached, that means they are underdogs and grants more profitable bets. On the other hand, minus bets are for favourites and offer low-profit wagers because they are safer bets.
- Decimal – This is a more simple type of odds because the closer the number is to 1, they will be less profitable and more likely to win. On the other hand, the further the number is from 1, the higher the potential profit.
In the horse racing context, a horse like Baaeed is the top favourite for a race but he can still lose. A horse like Nature Strip can suddenly take over as the best option during the races which you can see when you look at the odds. Take note that odds can change all the time which means that you should make your bet at the best time possible so you can get fantastic rewards.
These tips should be on your mind every time you make a horse racing wager. Even though betting on this sport can be challenging at first, these tips can help you have more chances of winning. Horse racing terminology can be a struggle but you will get used to it as you progress and succeed with your tip-powered bets.