|Monday 6th March 2023
Horse Racing Betting: Basic Analysis and Top Tips
Horse racing is as old a sport as the first origins of modern human civilization and horse racing betting is as old an activity as the first traces of gambling. It is not by chance that betting has been rooted to horse racing and that the development and growth of betting have been largely attributed to those initial wagers placed on horse competitions.
Surprisingly and interestingly at the same time is the fact that horse racing betting today remains a relatively strong sport for betting in some markets, while in some others it holds one of the leading positions. Japan, China, US, Canada, Australia and major European countries such as the UK, France and Austria, are all countries where horse racing betting is very popular and where there is really strong betting activity. Top sportsbooks and betting sites, such as those available in AllbetsTV, provide users with complete lists of horse racing markets and too often they compile richer offers so as to please those punters who like to explore all the different betting possibilities in horse racing.
Horse racing betting is very interesting and very entertaining at the same time and it continues to attract the attention of punters, despite the fact that it is far more traditional than the emerging new, contemporary markets, such as the very popular eSports right now.
So, if you are one of those bettors who have decided to try horse racing betting but have no experience or knowledge, you will find everything you need to get started right here.
The basics horse racing bets
One thing that you should know about horse racing betting is that you have plenty of choices when it comes to making a bet. There are literally several different markets and different types of bets in horse racing and so as punters you will never get bored - that’s guaranteed.
You can bet on the outright winner of an entire competition, on the winner of a single race, on multiple horses in a single race, on a single horse in multiple races, on special markets such as the race to be won by the widest margin or the jockey that will have more wins in the end of a competition. In fact the list can continue for as long as bookies can think of markets that will attract the interest of punters.
Despite the fact that in horse racing betting you get to have too many options and too many alternatives to choose from, the basic bets include:
* straight bets - win, place, show: betting on a horse to win, come first or second, or show (adding the third place)
* exotic horizontal bets: betting on the winner in consecutive races
* exotic vertical bets - exacta, trifecta, superfecta: betting on the order who will finish first and second (exacta), who will finish first, second and third (trifecta) or who will finish also fourth (superfecta)
* quinella bets: betting on who finishes first or second, without the order being a matter
These are the fundamental types of bets that you need to know if you are a newcomer to the world of horse racing betting, but be sure that there are plenty more to explore once you get deeper into the particular sport.
Top tips for horse racing betting
In order to improve your chances of winning when you bet on horse racing, you need to be able to go beyond simply knowing the basic types of bets. Here are three basic tips that can get you started on the right ‘track’!
1. The favorites’ win rate is nearly 30% in horse racing
Horse racing is not a sport of favorites. In fact, favorites only get to win in 30% of the races, which means that you should not base your decisions on the odds for favorites offered by the sportsbooks alone.
2. Check the surface of the horse race
Every horse has different surface skills and so the track surface itself becomes a critical factor that can influence how the race will end. Some horses go faster on turf, others on dirt. It is rarely the case that a horse can go well on both. Remember to always think of that factor when you are making your decision on a bet.
3. Examine race history
Always examine and check the history of races and the past performances of horses. It is always a good place to start, especially if you want to make more informed and data-driven choices in betting.