Horse Racing Tips

Horse racing tips for punters looking to pad their bankroll. (Photo credit (Photo credit: © Cheryl Quigley | Dreamstime.com)

Many people like to have a bet when they go to the races, however unless you know what you’re doing, you may worry that you’re simply going to waste money and walk away with nothing at the end of the day. This doesn’t need to be the case however, as there are some tips that you can use to make sure that you increase your chances of winning – and this should improve your overall enjoyment of the sport.

Study the form of the runners

You may wish to back a famous horse with excellent results historically, however if it isn’t in form at the moment then its historic victories probably aren’t going to help you very much. With this in mind, you should take a look at each of the horses that are running, and see how they have been performing recently. Knowing this will give you a better idea of whether they’re likely to be placed in the race or not.

Keep an eye on the odds

If the odds suddenly change on a horse, then this means that something may be happening – either good or bad. It’s important to look at the odds and see how they are changing, as this should help to draw your attention towards the horses that may have a niggling injury, and those that are performing incredibly well at the moment.

Bet small

Nobody likes to lose money, so you should ensure that you are never betting with any money that you couldn’t afford to walk away from. Winning a bet can bring you a bit of a thrill no matter how much you have won, and this means that you should be sensible and only bet smaller amounts. If you bet a month’s wages on one horse, and that horse loses, then you run the risk of having extreme financial difficulties, which is never something to risk.

Vary your bets

Sure, you might want to bet on the horse that has the most chance of winning, as that is the way to ensure that you walk away with some money. However, the favourite doesn’t win every time, and if you place your bets on the favourite then the money you win isn’t going to be as high as it would be if you placed it on something else. Every so often, you should place a small bet on a couple of outside chances. If these win, you will get a huge amount of money, but provided you only bet small amounts, you won’t have lost very much at all if the bet doesn’t pay off.

The best thing to do with regards to horse race betting is to know your market. With so many variables and so many different horses to choose from you simply can’t blind guess it – so a little bit of studying is certain to pay off. Taking the time to do this will increase your chances of having a winning bet, so it is definitely worth putting in that little bit of extra effort.