Horse racing is one of the most popular sports that people bet on. You can do it both online and offline, but either way, it’s bound to be a wild ride. People like to bet on horse racing because of its high energy and exciting feel, making it a great sport to enjoy from the stands.
But there is also lots of money to be made through betting on the ponies – if you know how to play the game. Here, we’ll list some of the best strategies you can use for horse racing betting.
Always Use A Key
In horse racing, a “key” is a horse that you select as the foundation for all your other bets, kind of like a benchmark. If you are really confident about a particular horse’s future win, using a key can help you identify patterns and probabilities for other horses in the race.
Use The Yankee Strategy
With the Yankee strategy, a bettor places bets on four horses based on all possible combinations of trebles, doubles, and one accumulator.
This strategy is popular because even if one or two horses receive a high placement, the bettor will get a return on their bet. And even better, if three or all four horses win a race, you can receive a hefty payout at the end.
Try The Dutching Strategy
The Dutching strategy is when you spread your stake out by betting on multiple horses at once. Dutching allows you to increase your chances of winning by almost guaranteeing a return.
This is a great strategy with a low fail rate (the more horses you bet on, the more likely you are to win), but it does require quite a bit of initial capital, so it’s best to only use it when you have the money to spend.
Explore The Exacta Wager
Exacta wagering is a fun and lesser-known form of betting in which a person must accurately try to guess both the winner and runner up of a horse race. So instead of just putting your money on who wins, you also put your money on who comes in second, which can substantiate a much bigger win.
However, Exacta wagers are much more complex than regular wagers, as guessing these two in order is not always easy. It is mostly recommended for experienced horse race bettors who have a deep understanding of probability and who really study the horses form.
Use Your Instincts
When it comes down to it, no one can really know for sure what the outcome of any race will be. Sometimes, the best strategy is just to go with your gut.
Some of the biggest wins in betting history have been the result of following a hunch. While it’s not recommended that you use this strategy all the time, it does occasionally pay off.
Bet To Win
Horse racing is undoubtedly one of the most exhilarating sports in the world, which makes betting on it a highly enjoyable experience. With these tips, online betting Melbourne Cup activities or wagering on the Kentucky Derby and other events can not only be fun, but also financially rewarding.