This is part 2 of the guide. If you haven’t already done so, click here to read part 1 of the guide. In part 1, we listed the basics you have to bear in mind
This is part 2 of the guide. If you haven’t already done so, click here to read part 1 of the guide.
In part 1, we listed the basics you have to bear in mind when placing your bets, here we continue with this. Remember, horse racing can can complex and so it is worth taking the following factors into consideration and doing your research if you want your bankroll to go far:
- Understand Rule 4 Deductions. All bets are usbject to this rule and is applied whenever a certain horse withdraws from the race. When this happens, the odds of the the remaining horses will adjust to reflect this because now your horse (along with the other horses in the race) have a slightly high chance of winning. It is important to be aware of this because now if your horse wins, you will be paid a lower amount due to lower odds
- Understand Best Odds Guaranteed. As stated, horse racing odds change all the time. To combat this, most bookmakers offer Best Odds Guaranteed so that whatever odds your horse is at the time of your bet, those odds will never be lower and should the Starting Price be higher, you will benefit from that SP. For example, if you bet on a horse at 4/1 and the SP is 3/1, you will still benefit from 4/1 if the horse wins. But if the SP is 5/1, you will now benefit from 5/1 if the horse wins
- Consider In-play betting. Most bookmakers will offer in-play betting on horse races and these this is a more advance strategy. As a beginner, we wouldn’t recommmend that you try this. We would only recommend it once you become more familar with horse race betting. Odds will change very rapidly during the race and its about getting your timing correct to ensure that you are making your bet with odds that your are happy with
- Bet across more than one bookmaker. You may have your favourite bookmakers that you like to bet with but don’t be afraid to have a few bookmaker accounts on hand, because bookmakers may offer different odds for the same horses and it’s about getting the most from your money. Also websites in general do encounter issues, perhaps the site keeps freezing or is down altogether. By having a few other bookmakers on hand, you can continue to bet uninterupted
- Always keep to update. Don’t just look at the history of the horses and trainers, we encourage you to keep a record of the horses and trainers as you see them yourself. You are your best historian and you should always keep a pen and paper to hand to record the performance of the horses. The more records you keep, the more accurate picture you can build for yourself to help guide you to make smarter bets over time
- Become familar with the terminology. There are many terminologies being bounced around and if you spend enough time on horse racing, you will most certainly come across a fair few. There is of course too many to list here, but the most common you will find are Each Way, SP, Length, and Yankee. Knowing some of these terminologies will only help you make better bets. A simple Google search for these terminologies would be enough to help you understand them
Hopefully, this guide will help you get ahead in horse racing betting. Betting on horses is big with a lot of money being passed around. With practice and experience, hopefully you will stand a better chance at being ahead of the game and making smart bets.