Horse racing betting is a fun way to make money, especially when you know the sport like the back of your hand. The first thing that comes to mind for many people when they think about how to win more is to rely on online tipping platforms or third-party services that claim to give bettors “the sure win” bet.
However, many of these platforms are often affiliated with betting agencies that aim to misinform countless Australians. They profit off of failed wagers and the lack of knowledge you have.
As such, it is imperative that you reassess your approach to horse racing betting. In this article, we’ll explore five habits that can help you to become a successful horse racing bettor.
Be Wary Of “Sure Win” Tips
When you’re getting into the horse racing gig, you need to understand that you are gonna come across a lot of people who claim to have insider tips or knowledge of a completely sure tip. In the world of horse racing betting, there are no tips that are “sure winning bets”.
The only way that you can have more confidence in your bets is by understanding the game, learning different types of horse racing betting strategies, and putting in some hard work. It’s all about knowing what you’re doing and staying ahead of the game.
The reality of horse racing betting is that it’s all about probabilities and statistics. Thus, it is essential that you take the time to understand how these things work if you want to be a successful bettor.
Keep Track Of Your Wagers
One of the best ways that you can stay ahead of the game is by keeping track of your wagers. This means writing down the date, track, race, type of bet (win, place, or show), and the amount that you placed on it.
Recording all your bets is also a great way to spot trends in your horse racing betting, such as how much you win or lose on a particular bet. This will allow you to see what types of bets are working out for you and which ones aren’t so that you can adjust accordingly.
Related: Betting Tracker Excel Worksheet
Keep track of your bets with the help of an easy-to-use spreadsheet or app that automatically updates itself each time you make another bet. This way, you’ll always know how much money you have riding on the outcome of each race and which bets are working out for you.
Take Advantage Of Bookie Promotions
Bookies often offer promotions, especially on horse racing betting sites, for new customers that can help you get more bang for your buck. These promotions can take many forms, including free bets and bonuses for betting on specific events.
The prospect of arbitraging out the edge from all these promotions looks easy on paper but in practice, it is not as easy to do. The bookies know this and have taken steps to make it more challenging for you.
For example, many bookies will require that you bet certain amounts before they will credit your account with a free bet or bonus. These kinds of promotions are quite common when it comes to horse racing betting.
Others won’t let you take advantage of all the promotions at once. Instead, they’ll give you one promotion per race or event, so if there’s a special offer on both sides of the same race you won’t be able to use them together.
Luckily for you, we’ve compiled a list of things you can remember to efficiently take advantage of bookie promotions.
Checking On The Horse’s History
One of the most important things you can do when you’re horse racing betting is to check the horse’s history. If you’re betting online, all you have to do is go over their past performances and see how they’ve done in previous races.
You’ll be able to get an idea about how fast they run, how consistent they are, and how many times they’ve won before. This way, you’ll have a better idea of what kind of odds to place on them.
Not only will this help you get a better return on your bets, but it’ll also prevent you from wasting any money on horses that are unlikely to win.
Related: Do you make these three crucial mistakes when betting on horse racing?
Checking On The Track Condition
Make it a habit to check on the condition of the track when you’re participating in horse racing betting. The track condition can be a huge factor in determining whether or not it’s safe for the horses to race on.
Every horse will be affected by the condition and nature of the track. However, they won’t all be affected in the same way. There will be situations where different horses perform better or worse on a certain track.
As such, when you’re checking into the history of horses, make it a habit to check on the tracks they’ve performed the best/worst.
Conclusion
Horse racing betting is an exciting and fun experience. In order for you to start winning more, you have to take the time to do your research and learn as much as you can about the sport. While there is always a certain unpredictability when it comes to betting on horse racing, if you do your homework, you’ll be in a better position to win more than you would without research.
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Article Tags: Horse Racing Betting, Horse Racing Tips, Sports Betting, Betting Odds, Sports
