If you don’t know where to start with horse racing betting then read this article to gain an insight into the best ways to win when betting on the horses.
How the horse racing betting odds work
Every bookmaker gives out a price for each of the horse races. Generally they try to build in a margin so they will always profit no matter how the race goes. Bookies are companies and are looking to make a profit, their odds are carefully considered.
Choosing a bookmaker so that you can place a bet
There a quite a few bookmakers available, the best ones make the lowest profit out of any of the bookmakers which means that there is more profit available to win when you bet. Before choosing a bookmaker make sure that they have a really good reputation. Some bookmakers offer some great Cheltenham betting offers.
The popular betting in horse racing
These are the types of bets you can make on horse racing.
This is the most popular type of bet and you will be backing a horse to win by finishing the race first.
This is an interesting betting type and isn’t just one bet, it’s 7 in one, spreading out your risk. A Patent is 3 singles, 3 doubles and 1 treble.
A lucky bet is made up of 15 bets which is a Yankee as well as 4 Win Singles. A lot of bookmakers have a lot of offers for these types of bets.
An each way bet is similar to Win Single except it has the added addition that you are aiming for the horse to win a race and also the position they might finish in if they don’t win.
A Trixie is 4 bets that are made from 3 selections – 3 doubles and 1 treble.
A Yankee bet is made up of 11 bets – 4 selections, 6 doubles, 4 trebles and a four-timer. This type of bet is usually most popular with older players and this bet was first seen in the 1960s. With this bet the bookmaker is often more likely to make more profit.
This is a bet in which you guess the positions that horses will place in a group of 6 races. This type of bed isn’t usually massively profitable but can be interesting to try.
Some of the mistakes beginners sometimes make
A lot of beginners just follow everyone else, which can be a huge mistake. Only pick horses based on research rather than because you like their name. You must become detached from the emotional side of betting to truly make a profit. Try to bet small on multiple races rather than waiting for that one big jackpot to turn up, as it will most likely never come.