Horse Racing Betting Tips
January 22, 2017
The world of horse racing is extremely exciting and often despite having inside knowledge and knowing exactly what you should be looking for it can also be very unpredictable.
It’s a fast paced sport and one that manages to rake in millions in revenue thanks to its avid following of both professional and amateur gamblers all looking to win big on the gee-gees.
However even the most experienced can falter at the last hurdle and with so many stats, predictions, and information surrounding the sport which relates to both runners and riders it can be a lot to absorb.
Let’s hope that these useful horse racing betting tips will be able to help you better understand the sport of kings.
There are many useful guides, and daily racing publications and online services like the long-running Racing Post which will be able to give you all the information relating to upcoming races up and down the country.
Being able to analyse past results and looking at form guides will be able to provide you with details and a greater insight into the likelihood of a rider or racer winning a forthcoming event.
Of course it’s not an exact science and there are many elements that can affect the result of a race.
As previously mentioned the form of a horse is the history of its previous performances, based on its most recent races run.
Many form guides will be able to provide this information to the potential punter in a simply succinct manner that allows them to quickly see its most recent form.
Each race and the horses final placing is represented by a number. 0 indicates that the horse did not place, 1 is for first place, 2 for second and 3 for third place.
The letter U indicates that the rider was unseated during the race and a P means that the rider pulled up for some reason.
So in this example, 32311U-2P, the horse would have finished 3rd, 2nd, 3rd, 1st, 1st, Unseated, 2nd and finally rider Pulled up.
The most recent race is the first number and the furthest back in to the far right. The dash separating the two sections of numbers represents the season therefore the 2 and P shown in the example would have been run in the previous horse racing season.
The Types of Bet
Whilst being able to predict the outcome of a race is every gamblers dream scenario the amount you win is typically determined not only by the odds in play but by the type of bet you placed.
There are many different ways in which you can place a bet which don’t necessarily require you to simply pick out the winner as you would with a standard “to win” bet, so let’s look at the different types of bet that can be placed on a race.
Each way bet.
This basically means that a stake of an identical amount is placed on a selection of positions, typically to win and then to place, where the runner is required to finish in either 2nd, 3rd, 4th and even sometimes in the 5th spot.
Therefore if you were looking to place a £1 bet it would cost you £2 – £1 on the potential win and £1 for a potential placed finish.
The place bets have lower odds which are just a fraction of the odds that the win bet will have and these amounts are all based on how many runners there are in a particular race.
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Aside from each way bets there is also the opportunity to place combination forecast or tricast bets.
These bets require the punter to either choose 2 or 3 of the top winners respectively. So for example punters would have to choose the 2 horses to finish both 1st and 2nd in a race in a combination forecast whilst it would have to be the first 3 horses, in any order, for a combination tricast bet.
Another popular type of bet which can help increase the total odds and potential winnings significantly is the Accumulator bet.
This option relies on you placing a number of bets each of which you have to win in order to win the accumulator.
This type of bet is good for gamblers looking to up their total odds because it allows them to choose numerous bets and pick out races where the winners are much more predictable.
These single race odds may usually be quite low but an accumulator will effectively increase this total by totalling all the relevant odds in the selection.