PROVIDING YOU WITH ALL THE BEST BETS
So, you´re looking to be good at horse race betting? Or, maybe you just want to polish up your game to be a little more profitable this time around? Well, say no more because we will be talking about some betting strategies that work! In the following sections, we will discuss some simple strategies to help you in horse race betting and even help you manage your bankroll to stay afloat in this industry.
As we all know, just like any other form of sports betting, to be profitable in horse race betting, you need a ridiculous amount of luck if you want to win big. However, that is not all there is to it. Horse race betting also involves skills and a good intuition for you to be profitable. Sure, there´s no way for someone to be insanely accurate when it comes to predicting the outcome of a race. However, with some effort in research, keen observation, and trusting your gut, you will be able to give yourself an excellent chance to make an educated guess as to which horse will win the race. All you need is just to read further. Here are some horse race betting strategies that work.
Jockey Experience
The difference between horse racing from other forms of animal racing is that horses have jockeys on top of them that lead them and push them to run faster or slower according to the track.
One of the biggest mistakes that many people still make these days is that they gauge the horse’s ability and completely ignore the jockey. Thus, if you haven’t done considering the jockey in a horse race, you can cope it up by betting on preakness stakes, which is the next most awaited upcoming race.
The jockey´s skill is also essential in a race, and there have already been countless examples where a regular horse won against more veteran and experienced horses with the help of its jockey. With that in mind, there are several things that you should research about jockeys. Have you ever experienced driving a new car? Usually, it would take time and effort to get used to that particular car before you can drive it comfortably.
This is also the same with jockeys. They need to have some experience with the horse they are riding on, and at most, they need to have a bond with the horse itself. Not only that, but you also have to take note of the experience of a jockey in the current track. As we all know, not all tracks are created equal, which means that they are different.
You should also check if the jockey has some experience in running a specific type of track. The bottom line of this is that you should also check the jockeys and not just the horses. The experience of a jockey is relevant to the race and sometimes can even be the deciding factor on which horse will win.
Bet According to Your Bankroll
Generally, experts say that you should only bet no more than 5% of your total bankroll in every bet. This means that let´s say that you have $100 in your bankroll; a single bet you should not exceed $5. Another good strategy is to bet 5% in a single race. For example, you have $1000 in your bankroll. You should only bet around $50 on a single race so that that you can divide the $50 into different horses.
Another good strategy is to set out to win an amount on a single race. Let´s say that for the current race, you aim to win $50. This would mean that you have to structure your bets around this amount and bet on accordingly. These methods are effective if you want to limit your losses or discipline yourself to not bet too much on a single race.
But of course, how you bet and the amount of money you want to incorporate on each bet you make is a matter of preference. Not only that but there will always be a time where we won´t be that lucky that we will have to experience a losing streak. If you keep up the strategy we discussed earlier, the losses would be minimal and wouldn't impact your bankroll too much.
Vary Your Bets
When setting out to bet, you should have a realistic approach for not losing control and chase. Many bettors would set out and aim to win big money, which is not something you should do. If you are confident in a horse and see that the other horses are also value bets, you should bet on them. Suppose that you have found #5 to be the likely winner. You can pair it with another horse or two to form an exacta or trifecta.
Not only that, but if there’s no exact winner in exotic bets, you can win bigger on the carryover. But of course, this depends on the bookies you’re betting on. They usually have certain pages within their site that give more info about carryovers.
Most experts would say that you should avoid betting on place or show bets since they have few payouts. Though they are safe bets, they have little ROI. You should set your sights more on exotic bets. But if you are confident in only a single horse, you can bet on the safe bets for that.
Conclusion
These strategies, though somewhat basic, can help you grow and develop your skills in horse racing betting. You can even call them the fundamentals and base your strategies upon them in the future. But for right now, learning all these are essential, especially when you´re still just a beginner.