Horse racing is a sport that is loved across the world for its traditions, its quirky conditions, its social events and the betting opportunities that it offers to those who love taking a good look at the horse tips of the day. Betting on the horses is something that is accessible to all and which offers a level to suit everyone. However, for those looking to make a longer term investment and returns there is a need to build a solid betting strategy. Join us as we take a look at horse racing betting tactics and four ways to improve your betting skills.
- Start small
This is a key tactic and piece of advice for those who are starting out in the world of horse race betting. Horse racing can be overwhelming. There is a whole language to get your head around and then a whole plethora of betting types to learn about. The key to building a good long term betting strategy is not to allow yourself to become overwhelmed as you learn about the sport. Start small by putting your focus on just one type or bet or one type of racing. Get to know a lot about a little and then expand once you are confident in the basics. Get yourself a guide to the lingo with a horse racing terminology glossary.
2. Set limits
Horse racing is an exciting and exhilarating sport and it is easy to get caught up in the emotion and adrenaline of it. It’s important to set your time and money limits before you start making bets, and in this way you will ensure that you don’t turn what should be a joy into suffering.
3. Lay betting
This type of betting may seem a little counterintuitive as it depends on you picking a horse that you believe will not win. It can be a good way to get into horse racing betting as it is easier to pick a loser from a group of horses than a winner simply because in a race there will be more losers than winners.
4. Bet on the favourite
This may not be the most lucrative of strategies due to the odds on offer, but starting out by betting on the favourite in each race can be a really good way to get into horse racing betting because it exposes you to the odds, the tracks and the nuances that are involved in betting on the horses. This strategy also gives you something to look at when comparing bets that you are considering as you are able to compare the horses and odds against favourites that you’ve bet on in the past and this can help with your decision making.
Whatever strategies you choose, it is important to think long term and to set out a plan for your betting so that you know why you’re betting and what you’re betting on. With a long term strategy in mind, it is certain that your choices will be more informed and more successful.
