If you’re new to horse race betting, the number one mistake you can make is to fork over your money on something you don’t understand. While people do take risks in gambling, not knowing the rules could cost you your money. So, if you’re new to horse race betting, you’ll want to know vital pieces of information, such as the ones discussed below, before spending your hard-earned cash.
- Get To The Paddock
Of course, you can’t make a bet unless you’re able to see which horse you’re willing to put your money on. Head over to the paddock before the actual race starts. The location is where saddles are being placed on the horse and paraded around for the spectators to see. You’ll be able to view them much closer, making it easier to look for calmness, lightness of feet, and alertness. Horses with shiny coats mean they’ve been groomed and are ready to run.
Alternatively, you can use a digital app to bet on horse racing. It’s free to download and register with cash rewards and promotions. It has a single interface that shows your favorite tracks for the race on that date. It also features videos of races and other types of wagering. You can check out more details at sites like www.amwager.com.
- Different Types Of Wagers
If you think that there’s only one way to bet, you’re missing out on other opportunities where you could win. Betting on the winner or crowd favorite could limit your chances. If you want to have a slightly higher chance of winning, it will serve you well to learn and try different betting strategies.
There are traditional horse racing wagers in the United States and other regions that follow win, place, show, and across the board.
Exotic horse racing wagers offer larger payouts than traditional betting, but it’s challenging to get them right. Some people bet here for the sake of the thrill. They follow exacta, quinella, trifecta, superfecta, daily double, and Pick 3/Pick 4/Pick 6.
Horse racing accumulators are unusual in the United States and are for fixed odds betting. They’re also known as parlays, a different system to the pari-mutuel system wherein American race betting is based.
- Observe Track Conditions
Bettors are likely to miss track and weather conditions out of excitement in beating the odds to secure a win at horse races. The status of the race track can contribute to the race results, and it’s almost always overlooked, especially by those who are new to betting.
There are good reasons why the weather is essential when you’re handicapping. Watch horse races and build your information on how specific horses do on rainy and dry days. It’s beneficial if you’re betting on the same track.
- Monitor Class Changes
Horse races aren’t single competitions. They consist of various competition levels, and the higher classes have better and more experienced riders and horses.
There are four classes of races: maiden, claiming, allowance, and stakes races. Horses in the same level are pitted against each other, moving above or below classes depending on their performance. Class changing can also affect the horse’s chances of winning and losing.
If you’re betting on a specific horse coming in first or second place, and it has been leveled up to a higher class, it may not be a good idea to bet on this horse. That’s because those in the higher class are more experienced and can easily beat the newer horse.
- Seek Professional Handicapping Data
There are handicappers that continue to lose despite having so much information on the history and statistics of a rider and their horse. That’s because they tend to use the same information repeatedly, which is detrimental. Following outdated information is one of the best ways to lose money when it comes to betting.
One of the tips for choosing winners is to check out the information that professional handicappers are putting out by using the latest automated methods. You can find websites that offer handicapper packages and receive the information you need, such as the top picks for race horses.
- Research Race Horse Background
Uninformed bets are pretty dangerous. If you have time, it’s definitely worth finding out more about the race horse or horses you want to bet your money on. There are sources that can tell you a horse’s breed and pedigree, as well as their racing history and past performances.
You can even determine a bit about the foundation of a trained race horse through their history and behavior on the track. The relationship between the jockey and the race horse is also a telltale sign if it has a good foundation, that it has the ability to excel in the discipline of racing.
- Mind Your Budget
Horse race betting is gambling that anyone can get lost in. You don’t just bet until you run out of money. The best way to go is to keep a budget and not exceed what you allocated for it. Set aside the exact amount for the bet that you want and wait for the result. While it’s inevitable for bettors to lose money, you still have control over how you handle it.
Horse race betting is just like any other game of chance. You need information first before betting. There are historical records to keep track of if you want to heighten your chance of winning. Informed betting raises your opportunity to pick the eventual winner and rake in lots of rewards. Learning as much as you can is the key to winning any gambling.