Horse Betting: 6 Insider Tips for Football Fans

Do you love watching football but have never considered betting on the ponies? Horse racing and football may seem like vastly different games, but they share more similarities than you may think.

Both sports involve strategy, skillful execution of plays, and a little bit of luck. Plus, studying form is important in both sports - getting to know your horses just as well as your favorite players can make all the difference when it comes to walking away with some extra cash!

If you're ready for an exciting challenge of predicting which thoroughbred will take first place over the finish line, here are 6 insider tips from veteran horse bettors to help get you started.

Know the Different Races

When it comes to horse racing, especially if you are new to it, there are a few things you need to know before you get started. One of the most important things to understand is that there are different types of races for horse racing, not just your standard flat race.

When it comes to horse racing, there are four main types to pay attention to, these being flat racing, steeple chasing, harness racing, and endurance racing. Different horses would race in these different events or categories, too, meaning that the odds of one horse winning a certain type of race would be different if they were running a different type.

By understanding the different types of horse races, you can better know the horses themselves and their odds of winning through your research.

Research the Horse and Jockey

It is no surprise that the next tip you should follow when betting on horse racing is to do your research. If you want to succeed in horse betting, research should be your best friend. While doing research, you will find an abundance of information that will help you make a well-informed bet.

Research can show you everything from the different horses racing, their ages, how many races they have won, what kind of races they are good at, what kind of terrain they run on, and more. One more thing that punters consider when placing their bet is the furthest travelled horse. What this means, according to British Racecourses, is that if you see a horse trainer sending a sole horse on a 500+ mile round trip, you should consider it having great chance of winning. This is a great place to start when deciding on your bets.

Have a Budget

Your budget is the next thing you need to consider when horse racing. When betting on horse races, it is important to remember that you are dealing with real money, which can have real-life consequences if you don’t manage it properly.

Something to remember is that horse betting is a form of gambling that can be very addicting. It is always a good idea to set a budget before you get started so you can know just how much money you have available to spend on horse racing and when to stop.

When creating your budget, it is crucial only to allow yourself to spend disposable income that you can afford to lose, as there is simply no guarantee you will get any of it back or win anything.

Favourite vs. Underdog

The next tip to learn is who the favourite is and who the underdog is. There is always a favourite and an underdog when it comes to horse racing or betting on horse racing. The favourite will be an experienced horse that has won many races before, whereas the underdog will likely be a new horse that people don’t know much about.

When choosing who you want to bet on, you should consider both of these horses, as the underdog might surprise you with its skill and become a top-ranking horse.

Have a Betting Strategy

When it comes to horse racing, one of the most common beliefs is that it is simply all up to chance. While luck and chance play a big role in this game, plenty of strategies are involved, and long-time bettors will tell you all about it. Different betting strategies can be found regarding horse racing, but choosing the right one for your will all come down to a lot of research.

Odds and Bets

Last but not least, the final thing to consider when looking for success while betting on horse racing is the odds and the types of bets. Many people believe that the only type of bet you can make is to choose who you think the winner of the race will be.

However, many different types of bets allow you to increase your odds of winning dramatically. Although, when you increase your odds of winning, it is vital to keep in mind that your payout will be significantly less.