Beginners Guide to Horse Race Betting

Horse racing is incredibly popular with punters, especially those in the UK, the US, Australia, and New Zealand, and being a horse race punter means you’ll have plenty of opportunities to win on major race calendar events which take place throughout the year. Here’s how to get started.

Introduction to the Sport of Horse Racing

There are many types of horse races which take place all around the world, but these are the most popular types:

  • Flat Racing
  • Jump Racing
  • Steeple Chasing
  • Endurance Riding
  • Quarter Horse Racing
  • Harness Racing

Get Started with Small Stakes

As a beginner horse racing punter, it’s important that you start with small stakes betting as losing is far more likely than winning.

Don’t blow your entire sports betting budget on one race – you’re sure to regret it. Bet small on a few races and keep good records so you’re able to learn from your mistakes.

Limit Yourself to a Strict Budget

As well as making small bets, you should without a doubt set yourself a strict budget. Take an honest look at your finances and decide on how much you’re able to lose.

You should never get to the point of relying upon a win in order to make it to your next pay cheque. Sports betting should never negatively impact on your lifestyle.

Don’t Bet on Every Race

There will likely be a horse race every day of year in some part of the world. However, this doesn’t mean that you need to participate in horse racing betting on every single one!

It’s not possible to place well-curated bets when you’re focusing on dozens of races a day. Be selective in the bets placed.

Avoid Parlay Bets

Accumulator bets, or parlays, are popular among horse racing punters as they involve making multiple selections as part of a single wager, which could mean a highly rewarding outcome.

However, if even a single selection fails, your entire bet will be a loss. Focus on making individual selections as a beginner and take it from there.

Get to Know the Races

Studying a horse’s form is highly beneficial when it comes to horse racing betting success and this is done by watching numerous horse races.

Analysing statistics will tell you even more and if done in conjunction with another, you can gain innumerable insight into your betting selections.

Back Some Outsiders

While traders make a living from making predictions, the truth is that outsiders win horse races all the time.

Many beginners are afraid of backing the underdog owing to the risks involved, but if you think there’s a good reason to back an outsider you should absolutely go for it.

Always Bet Online

Placing horse racing wagers online is the easiest and most convenient way to get into the game. Besides the convenience, online sportsbooks generally offer more competitive odds than their land-based counterparts and you’ll also be able to shop the odds easily.

Be sure to do plenty of research and create an account with a reputable online sportsbook.