Saturday, May 18, 2024

Top Strategies For Horse Racing Bettors

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By The Capital Sports Report Staff

Horse racing is a sport loved by many people in many countries. Through the betting volume in many events, you can see how horse racing is well-received in many nations. Moreover, because of horse racing’s popularity, horse racing events promise big purse money. Consequently, fans are encouraged to become “sharps” or bettors who bet professionally.

Horse racing bettors are primarily after the thrill of the competition, but many are also targeting the jackpot prizes for every winning ticket they have.

Risk Belle races side-by-side with Monbeg Park following a steward's enquiry on Day One of the Fairyhouse Easter Festival
Risk Belle races side-by-side with Monbeg Park following a steward’s enquiry on Day One of the Fairyhouse Easter Festival (Photo By Seb Daly/Sportsfile via Getty Images)

As many bettors attend racing events, many strategies surfaced and were adapted by many. Let’s take a closer look at these strategies and see if you can use them on your own.

READ MORE: Click here for our latest Horse Racing coverage

Look at the Horse’s Statistics

A horse has different racing seasons. If you’re betting on a race exclusive for three-year-olds, don’t just look at the horse’s previous races in the same season.

If you’re planning to wager on the 2023 horse betting, go beyond the current years and look at the horse’s results as a two-year-old. This way, you can observe how the horse has progressed and if the horse has been consistent or more passive. It’s best to pick horses with consistent wins in their careers. This goes to show how competitive and competent a horse is.

Besides the previous races’ results, look at the horses’ pedigree. The sire and dam of a thoroughbred can say a lot about a horse’s ability on the track. If the parents of the horse are stakes winners, there’s a big possibility that the offspring can perform well in races.

Furthermore, check the types of tracks that the horse has been into. Horses with races in all types of tracks can be more reliable than those who have only run in a few tracks.

Don’t Always Back the Favorites

Always betting on the favorites is not a good long-term strategy. Many think this is a sure route to winning a bet, but this could be a risky routine. While it’s true that backing a favorite gives the bettor more chance to pick the ultimate winner, the profit won’t be that significant with this strategy.

If you stick with betting on favorites, try to select the ones with short-priced odds. They have better value than the long-priced odds.

Meanwhile, betting on the race longshots can be a risky decision. It takes extensive research and confidence to do this. However, betting is a game of chance, and betting on underdogs can be profitable.

Manage Your Bankroll

Like any other sport, a bettor must know how to manage their bankroll. Your bankroll is the amount of money you have dedicated to betting.

The first thing to master in managing your bankroll is setting up and sticking to the betting budget. Many bettors have touched their emergency funds as they chase their losses. So, you must know how much you can risk for a specific race and stop when you hit the ceiling of your budget plan.

You also get to decide which types of bets to use and how much money you can spend on each bet. Do not just place bets randomly. Plan your engagements and stick to them as much as possible.

Moreover, you should also keep a record of your spending. This lets you see your betting pattern and determine your strengths and weaknesses. From this, you can modify your current strategies and see what will work best for you.

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Street Outlaws No Prep Kings stars Lizzy Musi and Kye Kelley during happier times in their relationship
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Street Outlaws No Prep Kings star Lizzy Musi in the staging lanes before a race
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Running Styles

Each thoroughbred has its own running style. This could be a result of genetics or the type of training they had. You must check three primary runners in a race: frontrunners, stalkers, and closers.

The most favorable thoroughbreds to back are the frontrunner. These horses showcase a burst of energy at the beginning of the race. While it’s a positive indicator of a winning horse, some frontrunners lose their energy at the end of the race and slow down just when the competition ends.

Stalkers are horses who prefer to run behind the race leaders. They are patient runners who sometimes make their moves in the final stretch. They are unpredictable and sometimes become eventual winners.

Lastly, closers are horses who sit at the back of the pack. They seem to be uninterested in winning the race. However, there are many cases in that closers become winners of the race. Let’s take Zenyatta as an example. The filly was the 2009 Breeders’ Cup Classic champion who was famous for her closing runs, running past frontrunners in the final furlongs of her races.

Look at the Jockey

Equestrian sports aren’t just about horses. Human riders or jockeys also contribute to a horse’s performance in a race. Make it a habit to check a jockey’s previous racing engagements.

The most crucial factor is whether the jockey has mounted the horse in previous races. If the answer is yes, it’s a positive indicator that the horse and the rider have developed a connection. This could also show that the horse is already familiar with the jockey’s riding style and is already comfortable with the jockey steering them on the track.

Conclusion

Not all bettors will agree with our betting strategies in this guide. However, these tips worked well with the winningest punters in horse racing. It’s possible that you can find success by replicating these strategies on your own racing engagements too! After all, they are all easy to pick up!

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Anthony Caruso III
Anthony Caruso IIIhttps://thecapitalsportsreport.com
Anthony Caruso III is the Publisher of The Capital Sports Report. He has been in the Journalism field since August 2002. Since that time, Mr. Caruso has covered many marquee events. This includes 13 Heisman Trophy ceremonies, 2 Little World Series events, and one Army-Navy College Football game.
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