Basics of Horse Racing Betting

Horse racing is a fabulous sport and one enjoyed by millions of people all over the world. Racing takes place almost every day of the year in one country or another and many race meetings attract big crowds. The larger meetings tend to be televised too, meaning even bigger audiences. A small percentage of these audiences watch purely for the thrill of the sport but for most people it is all about the betting.

Betting on horse racing makes watching it an even better experience. It is not only the fact that you can win some money, it just adds to the overall excitement. Seeing your horse go flat out in the final straight and then finish first past the post is a sheer delight. It really is no surprise that this is one of the most popular forms of betting in the world.

Horse racing betting is for the most part really quite straightforward. There are certainly some more complex aspects of it but it is not actually that difficult to get started. You just need to learn a few basics and you are ready to begin. In this section of our horse racing betting guide we teach you all of the basics you need to know and we’ll also try to help you win some money. Please see below for more details.

Types of Race Horse and Horse Racing

If you are not really a horse racing fan then you might think that all the horses and all the races are pretty much the same. This is quite far from the truth. There are several different breeds of horses that race competitively and a number of different forms of horse racing.

While it is not exactly essential to understand all about these, a little bit of knowledge in this respect can be quite useful when it comes to the betting. You can learn more on the following pages.

How To Bet On Horse Racing

There are also a number of different ways that you can bet on horse racing. There is fixed odds betting, where you place your wagers with a bookmaker at agreed odds, and parimutuel betting, which is a type of pool betting. A more recent option is to use a betting exchange. Although the basic principle of each is the same – you try to pick the winning horse – there are certain differences between them.

Read more about the different Ways To Bet On Horse Racing.

Horse Racing Bets & Wagers

One of the more complicated aspects of horse racing betting that we mentioned earlier is the fact that there are a lot of different wagers you can place. You don’t actually need to know these all as you can start out with just the simple ones such as a straightforward win bet.

However, it is a good idea to learn about them all as there may well be occasions when you want to use them. Some of the more advanced wagers offer the potential to make much more money too.

You can find details of all the different wagers here.

Strategy & Advice

There is no guaranteed recipe for success when it comes to horse racing betting unfortunately. It is possible to consistently make money out of it though, you just need to be incredibly lucky or be prepared to put in a fair amount of time and effort into researching horses and studying their form. We can’t help you with the luck but we can offer you some tips and advice on how to improve your chances of winning.

There is a combination of things you need in order to be successful at horse racing betting. You need a solid understanding of the concept of value and you have to be able to manage your money properly. You also need to know how to go about picking winners. We can help you will all of these things, as you will find out on the following pages.

Horse Racing Jargon

There are a lot of words and phrases used in horse racing that you may not know. Many of them you will never need to know but there are a few terms that you should be familiar with. We have compiled a list of these, with detailed explanations, in our comprehensive glossary. It’s well worth having a look through this to familiarize yourself with some of the key terms.

Read our Horse Racing Betting Glossary.

Online Horse Racing Betting

If you are interested in betting on horse racing then we suggest you think about doing it online. This is far and away the easiest way to place your bets but you need to make sure you use the right site. We have offered advice on choosing where to bet and listed the best sites on the web in our section on online horse racing betting.

Visit Online Horse Racing Betting for more information.