Tips for Betting on Horse Races
Wagering on horse racing online can be one of the most exciting ways to spend your betting bankroll. There is non-stop racing action from around the country and the world nearly 24/7, and a wide variety of wagering options from conservative show betting for a modest profit to a Pick 6 wager that can produce a life-changing score. Below are some basic horse race betting strategies and tips that should help your bottom line.
Use Discipline and Have a Betting Strategy
One of the biggest mistakes of horse players is spending an afternoon wagering on horses and having no discipline and betting strategy on how to turn a profit.
Wagering on horses takes plenty of both, starting with what tracks you are going to wager on. On an average Saturday there may be two to three dozen tracks running, giving a horseplayer 200 to 300 races to consider. With the large menu of types of bets, there is nearly an unlimited amount of possibilities.
*Stick to two or three tracks, and make sure you know the tracks you are playing.
Jumping Into the Exotic Pools
When a horseplayer cannot find value in the traditional win pool, a good option is to look for value in the exotic pools.
The exacta and daily double bet can be the best place to find value. For one, the takeout rates are generally lower than with higher risk exotics like superfectas and Pick 4’s.
In addition, most tracks and online toteboards post the probable payoffs for each combination in the exacta and daily double pools.
That gives a horseplayer vital information, as again horseplayers can look for combinations that are offering value while skipping combinations that appear to be underlays.
Finding the Right Racebook
Even with all the horse race betting strategies and free horse race betting tips in the world, a horseplayer would be lost without the right avenue to place wagers.
One of the most important aspects of keeping the wagering bankroll in the black is using a good and reputable Racebook. Most Racebooks offer a generous sign-up bonus on the first deposit, and offer rebates on wagering. Those rebates can range from 3% to 8%, and can greatly enhance the bottom line of the wagering bankroll.
Discipline, seeking out value, and using the right Racebook can lead to having more fun and turning more profits betting horses online.