Published on December 24th, 2022 | by Bibhuranjan

6 Ways To Increase Your Winnings When Betting on Horses

Are you looking for effective strategies to increase your winnings when betting on horses? Look no further! In this blog post, we will be discussing six key tactics that can help put you ahead in the horse-betting game. Whether you are a beginner or an experienced professional, these proven methods will improve your chances of making money and provide useful insight into how to maximize profits. So, fire up your imagination and take notes, because it’s time to hit the racetrack and make some cash!

Research the Horse and the Racecourse

Placing a bet on a racehorse can be thrilling, but it is important to ensure the outcome of your wager by taking the time to research the racecourse and horse you are betting on beforehand. Knowing which racecourses are suited for a particular kind of race or horse will give you valuable insight into what may potentially happen in any race. So, if you’re planning to visit the Wetherby Racecourse and place a bet, take advantage of the guide at British Racecourses before making your betting decisions. It’s valuable information that might significantly impact the outcome. However, prior knowledge also needs to extend beyond the racecourse itself; make sure that you also familiarize yourself with the form of any racehorse as well as their conditions with trainers and jockeys. By thoroughly preparing before betting, you’ll increase your chances of being successful at the racecourse and have more fun when watching the exciting events unfold!

Research the Jockey and Trainer

That’s like researching as much as you can about the horse that you plan on betting on. You should also try to find out as much as you can about the jockey who will be riding the horse. While it is true that the jockey doesn’t affect the outcome too much, there is a pattern that will emerge after you’ve done enough research. This pattern will show you that certain jockeys win more races when they ride certain horses on certain tracks or in certain races.

The same goes for the trainer of the horse, which is probably one of the most important things that you’ll need to research since this will give you an idea as to the level of training that the horse has received. More importantly, there is also a pattern that emerges after enough research.

Shop the Odds

One of the most important things that you are going to have to do if you want to increase your willingness to bet on horses is to shop the odds. Shopping the odds is not something that someone new to horse betting does since it might seem a little bit complicated. However, it is quite easy.

Shopping the odds means visiting the different horse betting websites to see what the odds are for the same race on the various sites. Why would you do this? Because occasionally you can make more money from betting on a certain platform for the same race on the same horse than on another, simply because the odds are different.

Make Different Bets

Much like shopping for odds, you should also be taking advantage of the fact that there is more than one type of bet when it comes to horse betting. The most common type of bet, and the one that beginners are most likely to go for, is the winning bet, which is when you bet on a horse that you think is going to win.

However, as you can imagine, your odds of winning decrease with each horse that is in the race, so this type of bet is not the most worthwhile. It would be far better to go for something like a place bed or a show bed occasionally. With these bets, you’re able to bet on which horse you think will place first or second, and even at first, second, or third.

Have a Budget and Don’t Chase Losses

Finally, the last tip on this list, if you are trying to win more money when betting on horses in 2022 and into the future, would be to have a budget and don’t chase losses. Having a budget is incredibly important for horse betting since your main profits will be seen over a longer period, and for that, you are going to need money to be able to bet.

One very easy way to lose all your money would be to chase losses, which means betting even larger sums of money to make up for money that has been lost through betting. Naturally, the strategy probably almost always ends in money being lost rather than gained, so you should always avoid it.

Cover Image by Freepik

Tags: gambling, horse betting, horse racing, horse trading

About the Author

Bibhuranjan Editorial Officer, technofaq.org I'm an avid tech enthusiast at heart. I like to mug up on new and exciting developments on science and tech and have a deep love for PC gaming. Other hobbies include writing blog posts, music and DIY projects.