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Friday 3rd March 2023 | |
Top Tips for Horse Racing Betting
Betting on horse races can be very lucrative for bettors that know how to approach it. With that said, there are many strategies that you can find online, and it can be difficult to find the right ones.
To help you with this, we have prepared a list of the top tips for horse reading betting that will help you make money on this sport. If you plan to bet online on sites like UFA100 and utilize this new information, read the article carefully.
Analyze Historical Data
Like with all other sports, researching data about the previous performances of the contestants will help you get a better picture of how the race might play out and help you notice something the bookies may have missed.
The good thing about data is that it is factual and 100% correct. The bad thing is that it will only be useful if you know how to interpret it, what to look for, and where to find it.
If you are unsure where to start, it is always a good idea to ask a more experienced bettor for help, or if you don't know any, try to find some help online.
Focus Your Bets On A Selected Period of The Race
Horses are creatures of habit, which is one of the key elements of horse racing that professional bettors know how to use to make money.
Historically, horses love to lead the race and will do everything in their power to go in front of the field regardless of whether the jockey is pushing them. In the same way, there are horses that are late sprinters and that conserve their energy for the end of the race.
In order to take advantage of these habits, the most important thing is to focus on a selected part of the race and learn how individual horses behave during this period. Note that to make money with this approach, in most cases, you will have to focus on live betting, but that is one of the advantages of regular betting.
Long Distance Runners
Another important strategy that horse bettors use is researching and finding out which horses have traveled a long distance to compete in a race, specifically which of these horses only had a short time to prepare for the race.
The logic behind this is that owners of horses that need to travel a long way to compete would not risk their money if they did not think their horse had a good chance of winning.
However, to make this strategy even more efficient, you should also look at the market for confirmation that a lot of money has been placed on that horse. When it comes to the market signals, betting exchanges will be a much better choice than the classical bookmakers, as classical bookies often have odd ghost moves in one direction or the other. In other words, this is the most public way of getting insider information.
Only Bet On Odds That Have Value
Value odds are odds that have a higher price than they should, or in other words, bookmakers offer a higher return on a certain selection than they should. Now, this might look obvious, but many horse bettors completely ignore this strategy, which is why they lose money over the long run.
This strategy is pretty time consumable, but if you apply it correctly, it guarantees that you will make money over the long run.
Apart from time, you will also need to create a betting account on multiple betting platforms so that you can place a bet as soon as you spot value, as bookmakers are pretty fast to adjust odds if they notice that they have made a mistake or if there is a lot of money placed on a certain selection.
Avoid Betting Too Early
If you plan to bet on a classic betting platform or Asian bookies, you should avoid betting too early, for example, the day before or the morning of the race.
There are two main reasons for this. First, the limits are pretty low, and they will impact your profits, and the second reason is that bookmakers will have an easier way of spotting your account if you are successful, which will increase the chance of it getting limited or blocked.
The right choice would be to bet closer to the start of the race when the limits increase and when your bet is less likely to be noticed since the betting volume is much higher.