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BASIC TIPS ON HOW TO BET SMART AND WIN BIG ON U.S. HORSE RACING

By HRI Foreign Staff — So, you’re new to the world of horse betting and are currently confused on what to do?  Or perhaps you are interested in a significant derby coming up, and you would like to try betting smart rather than simply throwing money down the drain by making unplanned choices? Well, worry no more, you are in the right place, and this article got you covered. 

With the rise in the popularity of horse betting, many people would like to bet on a horse, but there’s one problem: the world of horse betting can be confusing and tricky for first-timers. So if you are one of them, do not fret because here are the five tips you can utilize to bet smart and win big on your first horse racing bet.

Do Some Research

Betting for horses is not a complicated procedure if you know what you are doing; you only need to buy a ticket, place your bets and tear it up if the odds are not in your favor. But if you are lucky enough and much better if you’ve done some research before betting, you’ll be able to kiss your ticket and collect your winnings.

Before placing a bet, you should familiarize yourself with and do some background research about the race you’ll be betting. The race time, location, number of horses, and distance they’ll be running are listed on most racing forms. There are many derbies to choose from: the Kentucky Derby, Preakness Stakes, and the Belmont Stakes are just some options for you.

To score a win by betting on the horses in the preakness, Kentucky,  Belmont, and other races will need a piece of sufficient basic knowledge to ensure that you will have more chances of winning your bet. One good tip is knowing which horses are most likely to finish in the top three but remember, each race is different, and you have no control of what will happen.

Know The Class Levels

It is essential to know the different degrees of competition or classes when betting; this would help you know which horses have more experience and have performed better in the past races. The maiden, claiming, allowance, and stakes races are the four types of race class. Most events hold races with horses of similar abilities or in the same category.

  • Maiden and Claiming Races

Maiden races are races in which a racehorse has yet to win, but there is no rule stating that a horse must start his career in maiden races and stay there until he wins. For claiming races,  every horse in the racetrack has a price tag attached to them. This means that you can purchase or claim the horses out of the given price by submitting a request before the race.

  • Allowance and Stakes Races

The horses in an allowance race are given a particular amount of weight, usually five pounds off the prescribed weight if the horse hasn’t won a race, hence the name “allowance.” On the other hand, top racehorses compete in stakes races. They gather more spectators and bettors during this type of race.

Budget Your Money

As most people would say, it takes money to win money. It is difficult to resist the temptation to take risks and bet all of your betting money in one go in horse betting. It is advised to check your financial status before you start betting. Knowing how much money you could spend without putting your expenses at risk will save you from future regrets.

The Jockey Matters

On top of the horse, someone is steering it around the track, called a jockey. Most of the time, many inexperienced and even professional horse racing bettors place all of their interest on analyzing the horse and underestimate the importance of the jockey. The jockey’s track experience is most likely the most crucial factor to consider when weighing things.

You can always check a jockey’s track background online, or you can even ask around for some tips regarding the matter. This would help you compare and contrast each jockey, making it easier to decide which horse you should bet on.

Know the Owner and Trainer

You might be questioning why you even need to know the owner when they are not even present on the track. Well, owners determine the amount of money they pour to invest in their horse. They are primarily in charge of how much monetary allocation is provided for the horse’s needs, such as food and training.

The quality of a horse depends on whether it receives exceptional care and training. Owners also have the power to select or choose a trainer that they want for their horses. Trainers can give the same quality of impact or even more than the jockey. So it is imperative to know the people who work behind the scenes to have a clear view of what to expect.

Conclusion

For beginners, it is essential to take things slowly and surely. You don’t need to rush things, or you’ll end up losing a significant sum of money on your first bet. Horse betting is an exciting pastime, but it is always advised to bet responsibly and accordingly.

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