Horse racing is a punter’s betting avenue, a sports fan event, and a niche hobby for the rich. However, betting on horse racing gives punters with different budgets an opportunity to make a wager. Punters can make wagers as low as $1 on an accumulator wager, and high rollers can wager in the tens and hundreds of thousands of dollars. Punters also have ample choices when making online horse racing wagers versus in-person wagers.
While punters have several horse race betting options, professional punters adopt specific betting strategies to win more consistently. Punters also can utilize bonuses and make specific types of wagers at the right time. A combination of choice of platform and selecting the best odds gives a punter a unique advantage when making wagers on horse racing in the long run.
Best Ways To Bet On Horse Racing
The best betting ways on horse racing include:
- Comparing wagers online or in-person.
- Utilizing bonuses for better incentives.
- Laying a favorite on particular races.
- Using different betting markets, and most importantly.
- Applying a successful betting strategy.
1. Making Wagers Online
Punters can make horse racing wagers online or in person. However, each option comes with its advantages and disadvantages. Today, most punters make online wagers versus the 20th century when most bets were made in-person at the race tracks.
Punters have access to multiple betting options when making wagers online versus in-person. A punter can compare and select the best odds (a value betting situation) before making a wager online. Punters making wagers in-person are restricted to the odds available to them and can only participate in the races on that track. Making wagers online means a punter can place a bet at any time and from any location without having to wait for an official race to start at a race track.
2. Utilizing Bonuses
Different types of bonuses can help punters in different ways. A reward can help a punter win more on a particular wager. A rebate can help a punter avoid maximum losses on losing weeks. Other types of bonuses incentivize punters to win or make specific types of bets. While a punter may overlook the features of different platforms in terms of bonuses, odds and bonuses are usually the first two components punters look at before choosing a betting provider to make a horse race wager.
3. Laying a Favorite
While laying a favorite or betting against a favorite may not seem like the most intuitive option, it can pay off. In horse racing, it’s sometimes a lot easier to predict who may not win rather than who’s going to win with more than 6 participants. Laying a bet can be lucrative for punters because most punters seek to make a wager on an option rather than apply a chance.
Laying a favorite can be successful under certain conditions. For example, a punter needs to apply a choice when most punters have already bet on that option, and the bettor has reasonable expectations that other competing horses have an equal or better shot of winning the race.
4. Types Of Betting Markets
Some horse racing betting markets are harder to predict and win versus others. However, the outcomes harder to predict have a higher payoff because predicting such a wager is low. A punter needs to consider the different betting markets to place a bet based on the risk, reward, and probability of winning. Some horse race betting markets include singles, doubles, lucky 15, accumulator wagers, and other random bits.
5. Applying a Strategy
Successful horse race punters usually have one thing in common, they all use different betting systems and strategies. Knowing when to apply a particular betting strategy and how to implement a plan at the right time can help horse race punters be successful in the long run. Bettors have access to multiple kinds of strategies they can apply based on their preference, goals, level of risk, and experience as a punter. Examples of horse racing strategies include laying the favorite, a negative progressive strategy, a positive, progressive strategy, the Paroli betting system, and other wagering strategies.