Betting on horses can be an amazing hobby and if you do it right it can even earn you some extra cash. However, when you are first getting started it can be a little bit confusing. To help you out we put together a beginner’s guide which will ensure that you have a great time when gambling on the next big event!
How Do You Start Wagering On Horse Racing?
Before you begin actually placing wagers on thoroughbred racing you should first familiarize yourself with the sport. The best way to do this is to watch some races on TV or even head down to your local racetrack and watch some events live. Once you get a feel for horse racing and understand how the sport works you then can begin making bets. Remember to also pay attention to the different jargon used so don’t end up picking a thoroughbred who is not in the money (an animal that does not place in the top 3 due to a bounce (an unexpectedly poor performance from a horse after a strong showing at a previous competition).
To start gambling on thoroughbred events you need to first find an online sportsbook. Luckily, there are plenty of online betting sites that let you bet on events from around the world including the US, Australia, and Hong Kong. Remember when choosing an online wagering site make sure the platform is licensed, has a range of secure payment methods, and also offers some lucrative welcome bonuses for new players!
Once you have found a sportsbook that will take your bets you need to check out the racing markets. It is incredibly popular and you will have lots of different events to choose from. It is most entertaining to bet on major horse races such as the Kentucky Derby, Melbourne Cup, Dubai Cup, and the Breeders’ Cup. These events not only offer incredible odds but they are amazing spectacles that are worth tuning in for! After selecting a particular event you then need to decide which type of wager you need to make!
What Wager Should You Make On Horse Events?
When you are first starting to gamble on this sport, you should stick to single bets which involve making wagers on single horses in single events. These wagers are simple and have the lowest risk. The common form of single bets include:
Win – Bet on an animal to win the entire event outright. Only if your thoroughbred takes first place does your wager payout.
Place – If your thoroughbred comes either first or second you win. A place wager does not pay as much as a winning wager but the risk is reduced.
Show – If your thoroughbred comes first, second or third you win. Show wagers have by far the lowest payout of any single wager but they are also less risky.
We recommend beginner gamblers who want to maximize their chance of winning should place show wagers on horses who are favored to win. By placing show wagers your risk is reduced and then by backing a thoroughbred that is expected to win you further increase your chance of winning. Of course, you can’t expect to become rich from such a safe bet but the chances of losing your stake are very low!
After checking out our intro guide to the great world of horse event gambling you have more than enough knowledge to start making bets. Just create an account at a sportsbook, deposit, select an event and place a wager, it really is that easy! Good luck!