Do Not Let Betting Horses Intimidate You
Horse racing is an unpredictable sport which makes it difficult sometimes to know how to back the right horse, regardless of what the bookies have said. But the excitement and spontaneity of this sport is what makes betting on it so fun. If you’re a beginner to the world of horse racing, then you may be confused by the terminology of betting and unsure how to get started. Here are some tips on starting with your first bet.
Basic Betting Tips
Whether you’re a novice or an expert, it always helps to check free betting offers at the Winners Enclosure. Furthermore there are always two important factors to consider before placing a bet on a horse. Firstly, you don’t have to bet on every single race, as tempting as it might be. A much better strategy is to check the odds across a race day and focus your bets. Secondly, be sure to set a budget and stick to it. Many bettors find that they spread their bankroll too thin and then start dipping into their personal money when the bets don’t play out. But this can quickly spiral out of control and you end up spending far more than you planned, so always stay within the confines of your budget.
How to Bet as a Beginner
Betting can be daunting but once you get the hang of the terms and tricks, it’s much easier than it first appears. The most common increment when betting on horses is £2. This ensures that you keep your bankroll in check and work your way up slowly. You also might think that betting on the favourite isn’t worth it, particularly if you’re a risk-taker and the odds are low, but statistics show that betting this way results in a win 33% of the time. Basing your bets on this strategy could result in a quick profit.
Jockeys who are in the top 10 world rankings are likely to win around 90% of any given race, so if you can find a race with a highly-ranked jockey in it, this is usually a safer bet, but betting against that jockey could also work out in a bigger pay-out if you’re lucky. One of the best betting tips to remember is that bets are subject to change over the course of a race day, because horses can drop out or win and lose, which can change the prospective odds that are listed by the bookies.
The basic type of bets are Win, Place and Show. Win bets are where you bet on a horse to finish in first place; Place bets are for first or second; and a Show bet is for first, second or third. Betting on horses focuses on the odds, which is important to understand so that you can calculate how much you will win or lose in different circumstances. There’s also an order to horse bets – it’s the custom to say the track, race number, bet amount, bet type and then the horse number when you say your bet out loud.