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Tips On How To Bet On Horse Racing As A Beginner In 2024

Tips On How To Bet On Horse Racing As A Beginner In 2024

Horse racing is one of the most exciting and one of the most ancient games in the world. It is one of the most exciting games to watch. Regarding sports betting, horse riding is one of the top games in which bettors bet. In 2024, the hype has increased rapidly. Not only experienced but also beginner bettors are greatly interested in horse riding. But the point is, how to bet on horse racing? Don’t worry, you will let it know soon just keep reading and maximize your chance to win.

What Are The Types Of Horse Races?

Before starting, know about how to bet on horse racing. let’s discuss about Horse racing. When horses race, they can do Flat racing, National Hunt racing, Harness racing, or Endurance racing. By a large measure, Flat racing and National Hunt racing are the most popular types of racing in the UK. Media outlets often talk about and show both of them on TV. In recent times, You can bet without investing a single penny from your pocket.

Flat Racing

There are no barriers on the flat tracks where these races take place. These races are more about speed than skill over jumps, and they can be anywhere from five furlongs to two miles long. A “stayer” is a horse that races over one and a half miles to two miles, while a “sprinter” races over five furlongs. Horses that run middle distance go seven furlongs to a mile.

Flat racehorses can start racing when they are two years old. They can be colts (males younger than five years old), fillies (females younger than five years old), geldings (males that have been castrated), mares (females older than five years old), or horses (males older than five years old). Flat races can happen on both grass and all-weather tracks. From late spring to fall, there is the grass season, and in the winter, there is the all-weather season.

National Hunt Racing

This racing code defines races where horses have to get over obstacles. These can be hurdles, which are smaller jumps meant to be jumped quickly, or steeplechase fences, bigger jumps requiring strong jumping skills. National Hunt races last longer (two to four miles) and move more slowly than Flat races. Horses used in the National Hunt can be geldings, fillies, or mares. In National Hunt races, you won’t see colts or whole horses. There is a type of race in this code called a “National Hunt Flat race.” These are races for young, inexperienced horses with no hurdles and are meant to teach the runners.

Endurance Racing

Like harness racing, endurance racing happens in the UK, but it’s not talked about or popular in the news much. Most endurance races last between one and three days and cover anywhere from five to one hundred miles over rough territory.

Harness Racing

Harness racing occurred in the UK, but it’s not very famous there. In Europe, Australia, and the USA, it’s common to watch on TV. The horses in these races are led around a track by a driver instead of a rider. Like Flat and National Hunt horses, these horses must have the right genes and training to be able to compete. They can trot up to twenty miles per hour.

How To Place A Bet

You can bet on horse races in a number of different ways. Bookmakers set up shop at the races, online, or in a store on the high street, which are all places where you can bet. See below to know more steps now.

  • Pick the horse you want from your race card.
  • Once you’ve chosen, you need to figure out how much you can risk on the run. It shouldn’t ever be more than what you can lose.
  • Pick the sportsbook where you want to bet. Most people who bet on horses will go with the bookmaker that gives them the best chances. Bookmakers who work on the course are normally close to the rails where the horses run.
  • If you want to bet €5 on horse number 6, go to your favorite broker and say, “€5 to win on number 6” or “€2.50 each way on number 6.”
  • You should return your bet slip to the broker and get up your money if your horse wins.

How To Bet On Horse Racing Online?

  • Once you have studied the form and chosen your horse, head to the website of your preferred bookmaker.
  • Click on the tab that indicates horse racing. This will lead you to the horse racing meets.
  • The races will show up after you click on the race location of your choice.
  • Pick out the thing you want to bet on.
  • To bet on a horse, click on its chances.
  • This will show the bet slip.
  • Enter the amount you wish to bet.
  • Press the place bet button.

Horse Racing Betting Tips

Sports betting is very beneficial for horse betting you can earn a lot of cash. But you need to be very careful before choosing your horse. See the points below to know more about this.

Look At The Horse’s Age, Weight, And Shape

All of these things can show how well a horse might do in a race. For example, a National Hunt horse that is six years old is more likely to do well than one that is nine or ten years old because they are still young, just like human athletes. But sometimes, age and experience are the best ways to win.

A horse’s weight is an important factor to think about because, in general, less weight means the horse can run home more easily. If two horses are about the same in terms of how well they can run, the one with the least weight would be the best choice for a bet.

There is also the matter of form to consider. It’s likely that a horse will do well again if they have recently done well, like finishing or winning a race. On the other hand, betting doesn’t work well when a player keeps losing form and finishes near the back. 

Take A Look At The Going And The Race Route

It depends on the ground and whether it’s heavy, soft, good, or firm. It’s also possible to classify Going as Good to Firm. Most racehorses like certain types of ground better than others, so it’s best to compare the race’s ground to how they did on that ground in the past. In this race, look for a horse that has placed or won on similar ground over a similar distance. For example, some horses could do better on heavy ground.

Some racehorses do well on both ground and distance, but most of the time, they do better over a certain distance. If you are thinking about backing a horse, look at their past form to see how they have done over the distance of the race you are thinking about.

Placement Of The Gate

Before a Flat race, the horses jump out of Starter Stalls, also called “Gates.” When horses are racing on a circuit track, their assigned gate can significantly affect how the race goes. Gates closer to the inside can help them win, while gates farther out can make it harder for them to get to the front of the pack and win.

Look At The Speed Number And Class Rating

There are six race classes, with Class 6 horses being the worst and Class 1 being the best. Knowing if a horse’s class has gone up or down is helpful because that could change where they finish in the race. They have a little worse chance if they go up in class and a little better chance if they go down in class.

Who Is The Horse Manager And Jockey?

When in question, it’s always best to back jockeys and trainers who are “in form.” They have a lot of recent wins, which means that their horses are healthy, doing the right work, and getting the right food. This means that they are usually a good bet.

Types Of Bets On Horse Races

People most often bet on horse races to win, which means they will only make money if their horse wins. There are, however, many other types of bets that can make things more fun.

What Is Betting On The Tote?

This is where you put your money to bet, which goes into a pool. Put, if your pick wins, you’ll get a share of this pool. Some people find it fun to bet and maybe win a bigger prize.

Trifecta Bets At The Tote

In this part, you pick three horses to finish first, second, and third. Like other tote games, the winner gets a share of the pool.

What Does Ante-Post Mean?

The term only refers to a bet that is made before the race. If you bet before the event, the odds may be better because the market will change the most on the day of the event.

Rach-Way Betting

There are two bets on a horse at the same time. The first is a “to win” bet, and the second is a “to place” bet. The bettor gets back a fifth of the “to win” odds if the horse comes in second or third. This means that an each-way bet is a good deal when the chances are longer.

How Do You Make A Pot Bet?

This is a different way to bet on the horses. You pick one horse to bet on in each race, and your money goes into a pool. Once you win, you take your share of the money in the pool.

Put Money On More Than One Horse Or Race.

You need at least two choices on your betting card to place a “Multiple” or “Accumulator.” If all of your selections win, you will get much better odds than if you backed each selection separately. Winning these bets is rare, but the payouts are very high. Say you have five horses on your betting card. You could then place a “Five-fold” bet with very long odds and possibly win back thousands of times your original stake. It would take all five horses winning for you to get any money back; if just one loses, the whole game is over.

How Do You Bet On An Exacta?

Here, you choose which horses to race and where you think they will finish. You can pick more horses and places than just the first and second-place winners.

FAQ

Is Sports Betting Considered Gambling?

Yes, sports betting is considered a form of gambling. It involves placing wagers on the outcome of sports events based on chance, which can lead to winning or losing money. Like other types of gambling, it carries risks and requires responsible behavior to avoid potential financial problems.

What Is A Key Parlay Bet?

A key parlay bet involves selecting one main bet (the “key”) that you are confident will win. You then combine this key bet with other bets in a parlay. If the key bet wins, the parlay can still be successful if the other bets win as well. This strategy can increase potential winnings but carries more risk if any bet in the parlay loses.

How To Choose The Best Sports Betting Sites For Beginners?

To choose the best sports betting sites for beginners, look for reputable sites with good reviews. Ensure the site is user-friendly and easy to navigate. Check for attractive welcome bonuses and secure payment options. Reliable customer support is essential for any issues that arise. Lastly, choose a site that offers a variety of sports and betting options to keep your experience enjoyable and diverse.

What Is The Benefits Of Sports Betting?

Sports betting can be fun and exciting. It adds an extra thrill to watching games and can be a social activity to enjoy with friends. Some people see it as a chance to make money if they have good knowledge and luck. It can also boost interest in sports and increase viewership. However, it’s important to bet responsibly to avoid potential problems.

Conclusion

How to bet on horse racing? We hope you got the answer. Therefore, before choosing any horse, you have to be well calculative and research properly. Therefore, in recent times, if you have a good track record of winning and have good experience, you can get a sponsor for Capital.

FREQUENTLY ASKED QUESTIONS

The Betting Stage® is our program that helps players build better skills, discipline, and habits as they are evaluated for sports bet funding. Achieve the objectives in the Betting Stage® to earn the Player Funded Account™.

The following is an overview of the full journey traders can expect with Sports Bet Funding:

The Betting Stage®

Objectives:

Reach and maintain the profit target (30% Phase 1, 25% Phase 2)

Place a minimum of 20 bets

Bet a minimum of 20 days

Rules:

Do not allow your Account Balance to hit or exceed the Maximum Loss Limit

Do not lose more than or equal to 15% of your initial balance in a day.

Do not lose more than or equal to 30% of your initial balance at any point in the challenge.

Player Funded Account™

Objectives:

Reach and maintain the profit target of 25%

Rules:

Do not lose more than or equal to 10% of your initial balance in a day.

Do not lose more than or equal to 20% of your initial balance at any point in the challenge.

As you probably know, becoming a successful sports bettor who consistently takes profits from his bets is no small task. Losing $1,000+ when placing bets is a real thing that happens to players every day. Our mission is to provide a safe experience so that players can professionalize their passion while also limiting your personal risk.

Once you pass both phases, you are guaranteed a Player Funded Account™ with us.

After you earn a Player Funded Account™, we recommend you focus on minimizing your risk and building up your account balance through strategies learned in The Betting Stage®.

Once you have built up your account, we recommend that you start paying yourself and balance payouts while continuing to grow your account. This way, you will be prepared should you experience an unexpected drawdown.

If you are thinking about how to leverage the Betting Stage® and have more questions about membership or the path to earning a Funded Betting account, we encourage you to chat with a Sport Bet Funding Specialist who can help answer any questions you have about the programs.

You can also reach the Player Support Team here.

To learn more about Sports Bet Funding®, check out our Help Center or join Discord.

  1. Choose The Betting Stage® of your choice, i.e. $2.5K Rookie ($250 max wager), $5K Tipster ($500 max wager), $10K Punter ($1,000 max wager), $25K Wagerer ($2,500 max wager), $50K Player ($5,000 max wager), or $100K High Roller ($10,000 max wager).

    1. Click “Buy Now” (Make sure you sign up with your full name exactly as it reads on your government issued identification; do not use a fake name or a nickname; if you qualify for a Player Funded Account™, you must submit government issued identification)

  2. Follow the steps to purchase the The Betting Stage® account and create an account with Sports Bet Funding.

  3. Once payment is complete, your account will be created. Please allow up to 2 hours to receive an email containing your credentials (if account is purchased after 5:00PM ET, please allow until next calendar day @ 11:00AM ET).

  4. A video tutorial is available here

Follow the rules of the betting programs and you will succeed. Break the rules and the account will be terminated.

The Betting Stage®:

  • Minimum days betting: 20
  • Minimum bets per phase: 20 bets
  • Only Straight Bets and Parlays are allowed.

Parlay Rules:

  • Max Teams: 2
  • Max Odds: +300
  • Minium Bet Wager: 5% of initial balance.
  • Maximum Bet Wager: 10% of initial balance.
  • Maximum Daily Loss: Cannot be greater than or equal to 15% of initial balance.
  • Maximum Overall Loss: Cannot be greater than or equal to 30% of initial balance.
  • Profit Target To Complete Phase 1: 30% of initial balance (must meet minimum day and bet requirements).
  • Profit Target To Complete Phase 2: 25% of initial balance (must meet minimum day and bet requirements).

The Player Funded Account:

  • Minimum days betting per 30 days: 20
  • Minimum bets per 30 days: 20 bets
  • Only Straight Bets and Parlays are allowed.

Parlay Rules:

  • Max Teams: 2
  • Max Odds: +300
  • Minium Bet Wager: 5% of initial balance.
  • Maximum Bet Wager: 10% of initial balance.
  • Maximum Daily Loss: Cannot be greater than or equal to 10% of initial balance.
  • Maximum Overall Loss: Cannot be greater than or equal to 20% of initial balance

Once you qualify for a Player Funded Account™, there are two options available.

The monthly subscription is $85 per month per Player Funded Account™

The one-time fee is $250 per Player Funded Account™

Betting frequency must be carefully considered when deciding between the monthly subscription and the one-time fee. Deliberately placing minimal bets only to count as a betting day or keep a near-depleted account active, is not permissible.

Meet your Profit Target while Managing Risk (do not let your account meet either of the max losses).

Bet for a minimum of 20 days.

Please note, There is no maximum limit. All 20 days of betting must occur on the same account number that met the target. Multiple account numbers can not be combined, i.e. 10 days with one and 5 days with other.

What happens if I reach my goal in 3 days? Do I have to keep placing bets? (Yes)

If I reset my Betting Stage® account, do previous betting days count? (No)

If I reset my Betting Stage® account, does my previous betting balance count? (No)

What is considered a betting day? When does the clock start ticking on my new account? Days are calendar days – clock ticks the day credentials are emailed out (if received PRIOR to 5:00PM ET)

 

Consistency Guideline

Potentially hitting a profit target in a short span, could be luck. A day later, one could be unlucky. We want players to learn the ability to manage risk, stick to a betting plan, demonstrate their strategy and measure of consistency. Betting conditions change. You do not need to bet every day. Be wise, selective and patient. Betting Stage® accounts with monthly subscription fees connected to them remain active until you cancel.

I hit my goal early, how should I bet my remaining days?

Sports Bet Funding has made our case for needing to see you demonstrate your skill and bet on 20 individual days. However, we understand the wisdom of risk management if you have reached the required target. It’s acceptable to lower your bet size. This allows you to continue to take your normal bets which demonstrates your usual betting plan and strategy on the remaining days.

Players are permitted to purchase and operate more than one Betting Stage® account at the same time, as long as they are all associated with the same email address. Likewise, players are permitted to operate more than one Player Funded Account™ simultaneously. Multiple Player Funded Account™ will not be combined into one larger account and each require their own small monthly fee of $85 per month or one-time fee of $250 regardless of the size of the account.

WARNING *If a player is discovered to have registered more than one membership and operate more than one email address, that account is subject to termination.

SBF has set a defined limit of three (3) Player Funded Account™ that can be operated concurrently.

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