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Once you have selected the horse race you want to bet on, you then need to decide which horse you want to bet on. Our thorough explanation of reading a horse racing form guide will walk you through every form book detail.
Choosing the best bet type is a step often overlooked by punters. Some win bet types offer different returns so it is very important to understand the different bet types available and select the betting product that will return you the best dividend.
The next step is to find a good, reliable and trustworthy bookmaker; and set up an account with a them. How to Bet on Horses has a dedicated page to document the advantages of various leading Australian bookmakers to assist you to choose a good bookmaker.
As time goes on you will find that the odds will not be as big as they used to be but a modest return is better than no return at all. There is an extra point to note with the previous horse betting tip however.
For better odds, look for horses that were narrowly beaten as a favourite in their last race. The way horse racing fans and bookmakers work is that once a horse is beaten they are not as fancied — however good they may be.
You will find that these previously beaten favourites attract good odds in their next race. Another thing to look out for when it comes to each way betting is clear favourites.
Bookmakers can only set odds for a win. Accumulators — or multiple bets — are particular favourites of people who are learning how to bet on horses.
With very little outlay you can win large amounts. But for an accumulator to win you need all the events in the bet to be successful. So the tip here is to not add to many legs to your accumulator.
The odds will be long for a reason. You will learn as you progress with your discovery of how to bet on horses that there are a number of factors crucial to being successful.
As you will have seen it is not just down to the horse. Sometimes it is more to do with the going. The going report concerns what the track is like — good, heavy or firm.
Some horses will prefer specific conditions — but the trick is to act quickly when the going changes suddenly. Now you have a few horse betting tips you should find out how to bet on horses.
There are a number of different betting options in any race. Some of the multiple bets, in particular, will seem very confusing.
But there are a few basic options available for anyone looking to learn how to bet on horses. The most straightforward of all betting types.
Just pick the winner of the race in question. Online betting sites make it very easy to actually place a bet. All you need to do is choose a horse and decide on a stake.
Who said learning how to bet on horses was difficult? As the name suggests, you are simply betting on a horse to place — or finish in a specified number of positions.
It depends on how many runners are in a race to how many places are involved with this wager. Exposing the bookie is the perfect profitable horse racing betting strategy.
At our betting promotions page we have listed the top promos of the week, and most of them are viable for horse racing.
Another horse racing betting strategy to help you improve your likelihood of picking a winner is the points system. This is where you rate the front-running horses.
You can use this system to help you keep an eye out for the horses on the very best form. The point system works as follows:. You need to score the horse over its last 3 races.
This will give you the best indicator of its current form:. Finally, you then add a point score depending on the odds a horse has been given for that particular race:.
All the points added together will give you its point score rating for that race. This should be a good indicator of which horse has a better chance of winning.
If you can work this out, then you can work out which is more likely to finish the race victoriously. Dutching Betting is a rather complex method that involves sizing up the probability of different outcomes in a race.
You weigh them up against different odds from different bookmakers and place enough bets on different outcomes to make sure that you are highly unlikely to lose, but will still manage to get a profit when one of your horses comes in.
As you can imagine, this takes some serious working out and is for people who want an almost guaranteed profit, even if it is a small profit.
It was used originally by the gangster, Dutch Schultz, when he joined forces with the accounting maths whizz that was Otto Berman.
Berman used his understanding of the horses and the odds to calculate what horses to bet on and when to virtually guarantee a win.
The only way you can be successful at Dutching is when you find the Under-round as opposed to the Over-round, but how do we calculate this?
Well, imagine that there is a special 2 horse race, Crown Walk against Catterick. You need to look for the odds of both horses winning at different bookies.
Imagine Crown Walk has odds of 2. If we look elsewhere for odds, we might find that whilst sport still has odds of 2.
You really need to know the best online bookmakers for odds to make this work. However, horse racing involves more than two parties, so what then?
Obviously, this means there is a chance of losing your entire stake, but this is very low. You may wish to spread that stake over the 6 horses that have the best chance of a win, all with odds ranging between 4.
The advantages of this system are pretty clear. You are obviously maximising your chances of making a profit on every race you bet on.
The fewer the likely outcomes, the better, because this means you can spread your stake more narrowly and stand to make more of a profit. If you see a race and you feel that there are 2 horses you feel might win, you could use this strategy to bet on both and still make a profit, no matter which one comes in.
The main disadvantage to this is the small amount of profit involved in winning compared to a normal bet and the more you spread it, the smaller the overall profit.
This is a low profit but highly effective method, although some betting sites that target the more recreational bettors might catch on and may restrict your account.
So, make sure you open the right accounts, set your overall betting goal and start putting down those stakes to watch the money trickle in.
When looking at horse racing betting strategies, the obvious act seems to back the favourite, as apparently, these are the horses with the most chance of winning.
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