The Best Advice for Beginner Gamblers on How to Benefit From Horse Racing Betting

Nowadays, it is possible to place wagers virtually on everything you can imagine from football matches to the results of elections. However, this state of affairs was only a dream at dawn of the betting industry. At those times, horse racing was the only betting market for gamblers to deal with. Since the given sport remains a popular sport to bet on even nowadays, the given article is going to describe the most popular betting variations placed on horses and present some useful rules to make your betting more exciting and lucrative.

Horse Racing Wagers

Since horse racing has long been an inevitable part of gambling, it is not a surprise that this very sport provides the gamblers with the highest number of possible betting variations. Thus, they look as follows:

Win Only is the simplest kind of wagers. In order to obtain some returns, it is necessary to guess which horse will finish first. Since this task is not so easy as it may appear and various factors can influence a final outcome, some bookmakers offer the double result, which means that even subsequently disqualified winners generate some benefits. Also, it is of key importance here to deal with those bookmakers only that offer the best odds. So, it is necessary to monitor the whole industry in order to find the best conditions.

Each-Way Betting is represented by two separate bets – one on a horse to win and the other on the same horse to place. Here, you will obtain the full amount of benefits if your horse manages to become a winner but if it occupies the second or the third place only, you will obtain a fraction of the whole winnings. This fraction is calculated by bookmakers according to a certain formula.

Straight Forecast betting means that you have to gauge the horses that will occupy the first and the second places in a correct order. Tricast is a more sophisticated variant of Forecast because it is also necessary to name the third horse. Even if the places are occupied by the correctly named horses but the order is false, your wager is said to be losing.

Accumulators are also extremely popular when it comes to horse racing betting. As distinct from football where punters create an acca from different events, horse racing gamblers choose a set of events and create numerous accumulators on them solely. Yankee is the most popular example here. To explain, this system is based on four selections, and a gambler has to place eleven separate wagers on their basis (6 doubles, 4 trebles, and 1 four-fold). In short, this is made in order to obtain some benefits even if one or several selections fail to win.

Jackpot betting is a variation that can offer enormous value. In horse racing, there can be a situation when no gambler managed to place a correct bet on a previous meeting. In this case, the winner of the next meeting will obtain his winnings and the winnings of that “empty” meeting.

Laying gambling is quite popular among professional punters and rather dangerous for beginner gamblers at the same time. The fact here is that it is necessary to gauge which horse will neither win nor place. This can be a rather beneficial and difficult bet.

Antepost betting is suitable for those gamblers who are able to analyze the possibility of upcoming events long before they actually take place. The fact here is that it is possible to place wagers on events that will happen in the next month only. Of course, this is a risky betting variation; therefore, it offers rather attractive odds.

Horse Racing Betting Rules

Since more and more ordinary people enter the betting industry either online or in-track, it is clear that they make common mistakes that cost them money. However, if they knew some general betting rules, they would not lose their money so foolish. Thus, it is necessary to mention the main of these rules that are said to significantly increase your chances of benefiting from horse racing gambling.

First of all, it is necessary to specialize in a certain type of horse racing. As it is clear, any betting success becomes real only if you know as much as possible about the market you deal with. With this, it is impossible to have the necessary amount of knowledge if you deal with different horses, events, horse racing variations, and wagers every time. The more wagers you bet, the more experience you get, the more money you win.

As soon as you choose an area to specialize, it is a reasonable step to start creating a database while you are betting. Here, it is necessary to indicate everything that can happen to be useful from your own thoughts to some expert commentaries. The importance of this rule is supported by the fact that some bookmakers even sell their own databases to lazy gamblers.

Then, setting your own odds for different events is quite useful and effective for developing the betting experience and skills. If you are fixing the odds, you will start understanding the real probabilities better, which will further contribute to more successful results. Of course, you must be ready that everything will not be smooth and easy at once. There will be certain mistakes but it is these mistakes that can make you a professional punter.

In addition, every gambler should always remember that horse racing is an outdoor sport that is heavily affected by the weather. To be more exact, it is influenced by the changing weather. If hot and dry conditions stay for a long period, bookmakers will suffer because the ground stays the same, and there is no effect upon outcomes. However, if the weather changes, unexpected results can be expected. The best variant here is to wait for the weather to fix because betting under these conditions can be dangerous.

Keeping a betting record is another rule leading to successful results. Thus, it is necessary to wright down any wager placed as well as your commentaries on the given event. Once a month, you should read and analyze all your records. Thus, the given approach can help you improve betting skills.

The shape of the race is the last but not the least thing to consider when dealing with horse racing gambling. The fact here is that some prefer certain shapes. Thus, it is necessary to monitor the previous performance in order to identify some trends and understand whether it is possible to apply one of them to the given situation.

Summary

So, these were the most general rules helpful for beginner gamblers who only start taking the first steps into horse racing betting. Only the combination of all these rules with the strict discipline can result in some successful results. As for the discipline, it is of key importance for betting because following a set plan is the only strategy to achieve the desired results. In conclusion, it is also necessary to have perfect analytical skills and patience that will help you avoid betting on improper events.