Betting on horse racing is a very popular pastime for a lot of people in the UK and knowing what the best strategies are is essential if you want to win money.
In this post we are looking at the top strategies you can use whether you are placing your bets at online casinos and sportsbooks or in your local bookmakers.
Best UK Online Casino and Sportsbook Betting Strategies
Whether you are betting on horse racing, other sports, or playing at a UK casino online, betting strategies are important. There are lots of different betting markets to choose from when it comes to horse racing and whether you choose to bet on the outright winner or make a place bet, the best tip is to make sure that your bet is value for money.
Whether you intend to bet for real money at UK casinos with sportsbetting features or an online bookie, you could win a huge sum of money by educating yourself on the tips and proper techniques involved. This can ensure success at the best UK online casino or sportsbook.
Working out the correct value of the odds is important. If there’s a horse with odds of 9/1 it might sound great because if you bet £10 you’ll win £90. If there is a low probability of this horse winning though, the value of this bet is significantly decreased, and you could be throwing your money away.
It will always be easier to win if you know the value of the bet you are placing and the secret to this is in studying not only the horses but the track they are running on too. One of the best value bets is the place or each way bet.
Betting Each Way
Each way betting is a popular choice for the Grand National and a great way to make a return on your investment. This strategy works best if you aren’t entirely sure that the horse will win but you know it will probably place. The each way bet lets you bet on the horse to either win or place.
Each way bets will depend on the number of horses running in the race. A race with 5-7 runners will see your place bet focused on 1st and 2nd place and you’ll get 25% of the winning odds. For races with 8 or more horses the place bet is on 1st, 2nd, and 3rd with 20% of the winning odds. There is also a 12-15 handicap race which is on the first three places and 25% of the winning odds.
The last option in each way betting is on a 16+ handicap race which is based on your horse finishing in the first 4 and you get 20% of the winning odds. If you place a £10 each way bet on a horse with odds of 10/1 in a 12 runner handicap race and it wins, you get £110 for the win and a further £35 for your place bet.
5 Top Strategies to Use in Horse Race Betting
If you’re serious about wanting to win when betting on horse racing, the tips below can help. These strategies won’t guarantee you’ll win every bet, but they can increase your chances and with many races taking place behind closed doors right now, betting at UK casinos and sportsbooks online is the best option.
- Do Your Homework
Before you do anything make sure that you read the racing program and form guide. This will tell you everything you need to know about the races and the horses running. Learning to read the form will help you make an informed decision on your bets. The form guide lists the time and location of the race, the distance, and the race classification.
It also includes information about the horses and their starting position in the stalls, as well as the horse’s rank in their last few races. Knowing what horses are consistently in the top 3 is very helpful in predicting who might win the race.
Look for patterns and particular details to help with your selection. Some horses prefer different tracks or fare better in different types of races. The form guide also contains information about the horse including its lineage. Other details like the jockey and trainer. This is similar to reading game rules when playing at online casinos for real money. You’re not going to wager on a game you don’t know how to play.
- Make Different Types of Bets
Most people bet on the horse they feel is likely to win but there are lots of different bets you can place too. The most common bet after the win is the place bet which we have detailed earlier in this article.
Accumulators are another popular bet where you bet on a number of races. You can choose winners for three, four, and six races. Scoop six bets are popular in the UK. You are betting on who you think will win first place in all the races. Accumulators can be harder to win but they do offer huge payouts when successful.
- Get the Best Odds
Don’t just go with the first odds you see, shop around for the best odds. We don’t recommend spending hours doing this. Pick 3-5 online sportsbooks and compare the odds offered. This will ensure you get the best value for money on your bets.
The same goes when choosing a top UK online casino to play at. You don’t settle for the first one you find, you assess it and the games it offers as well as the bonuses and promotions.
- Bet on Multiple Races
This betting strategy is more about probability and the more bets you make the more chances you have of winning. Similar to playing slots at online casinos, the more you spin the more you can win and with hundreds of top slots to choose from you are never going to stay playing the same one over and over again.
Bet on different types of races like the steeplechase or a variety of long races and short races. Jumps racing has restarted even if it is behind closed doors. Betting on more can increase your chances of winning but don’t bet on every race as this can quickly deplete your bankroll. Select a few races at a time with good odds and prize pots.
- Manage Your Bankroll
This is a valuable strategy for all online gambling whether you are playing at a top UK online casino with a sports section or your favourite online bookie. Managing your bankroll is essential. Create a budget and stick to it. Never spend more than you can afford to lose and don’t chase your losses.
You should also decide how much you are going to stake for each bet. This should be a small percentage of your bankroll and if you keep your stakes low it will let you make more bets. If you hit a losing streak you can make smaller bets. It is important to remember that betting on horse racing should be seen as fun and entertaining first and foremost and not a way to get rich quick.