Horse betting strategies have their own history in the profession of horse betting. They have developed over time just like any other thing does. Although different people have different opinions over the issue, most experts agree over some basic strategies that may help a beginner earn a few quick bucks. Like everything else, there have been numerous books and articles written on the topic. Most of them can be found in any good book store.
There are many factors influencing the profession like state of the track, horse breed, history of the horse, odds, distance etc. One must get a fair idea of all these to enter the profession. Different breeds perform differently for different distance races. There are some breeds which have a great stamina and hence are able to compete in long races while there are some that might have higher speed. The latter would perform the best on the short distance races.
The post position also matters a lot. According to many experts, the outer two and the inner two tracks are the most difficult. Therefore, betting on the horses that are in the middle tracks is less risky and may get better results.
The history of the horse that is racing also decides the bet. A horse that has been consistent gets more support and has more money riding on it. The betting odds also influence the bets. Many people predict that horse with the lowest odds to win and thus invest their money on it.
The state of the horse racing track also is a deciding factor. The performance of the horse also depends on the type of track the horse is racing on. If the track is a type of a dirt track, the horse has to slide more than usual. So, a more powerfully built horse will perform better on such tracks. If it is a turf (smooth) track, then the horse is not bound by physical limitations and a horse with more speed can do better than others. So, a lightly built horse that can speed up more than others has a higher chance of winning.
Although, most experts have agreed on these few basic strategies, it has been observed that it is not applicable to everyone. There are many superstitious people who have some favorites and so bet only on them even though the horse may not have been winning at all. Many of them, especially owners, are ruled by emotions for their horses and thus prefer to bet only on them.
Altogether, horse betting is considered as a game of chance. Even if a person keeps all the strategies in mind and invests the best bets possible, there is no guarantee that the person is going to succeed although he has a fair chance of winning. It might be possible that the horse winning for the past five races meets with an accident and thus loses. In this case, the heavy bets on him will give huge losses to the bettors.