Knowledge of the basics of horse racing betting is extremely important for you to turn into a smart horse racing bettor and win a lot of money. Explanation of horse racing betting basic rules and regulations in very clear and simple terms will definitely help you to understand the whole racing scenario and reduce all risks while you place your hard earned money on a bet! The most important aim of horse racing betting is to beat the odds maker and make a profit.
The person responsible for setting the odds is called the “odds maker”. There are many ways in which to place a bet – physically at the race track, online or through a betting sports book. The sports book accepts your bet and also offers you many advantages, promotions and services which can make your betting fun and exciting. It is always best to examine the odds thoroughly before placing a bet.
The different types of bets placed are: “Straight bet/Single/Win Bet” which is common and which allows one to collect money only if the horse chosen has come first, or second etc. “Show bets” will allow one to collect prize money if the horse has come third and a Combination Bet” covers two to four horses that one has chosen to win in a particular order. Apart from these common bets, there are other exciting ones like Exotic Bets, Future Bets, Daily Double Bets, Jackpot Bets, Trifecta/Superfecta Bets etc. Betting guides give all the details of these bets.
Learn to bet rationally with your head and not your heart – this is a trick that will help you outsmart all other bettors at the racetrack who tend to let their feelings and emotions run away with them! You can minimize all risks if you learn to stick to bets that are less aggressive. All types of bets – if managed correctly – can be great fun. Study the day’s racing information given on the program before making a choice/selection and rushing to place a bet. Smart and good handicappers train themselves to pick selections that always win and pay extremely well being at high odds.
Online betting is a very convenient way of betting all over the world. Detailed articles and information that includes the horse’s history, training, performances and form are also available online. Another thing to consider before placing your wager is to determine and examine the fitness and form of the horse as well as the dates of previous/last races run, etc.
Clues can be got about the horse’s fitness level from information like whether the horse has run in a race recently or a long time in the past, etc. If the horse proves to compete favorably against the competition in a race that means it has the ability to be moved up in a “class” of tougher competition.
Basics of horse racing betting techniques and tips also include knowledge whether the horse is a front runner, pace setter, closer. Stalker or rally type etc. Front runners will always try for the lead and have good chances of winning. There are many ways to determine if a horse can excel in certain distances. Running styles, breeding, training techniques etc along with the horse’s past experiences and runs need to be examined before betting on a particular horse.