With many great horse racing betting opportunities coming up this year including the Vodacom Durban July and the Sansui Summer Cup we thought we would offer a few practical horse racing betting tips to make sure that your horse racing betting experience is fun and fruitful.
Horse Racing Betting Tips
1. Consistent horse racing betting systems
Serious horse racing punters are consistent in what they play. They don’t miss a place accumulator because three in a row have lost and they don’t increase their bet if they had a good win the day before. The best horse racing betting punters find a system that works and they stick to it.
2. Manage your horse racing betting budget
Similarly to having a good system and sticking to it, you need to have a horse racing betting budget and stick to this. This is true especially if you have a good win. Sticking to your horse racing betting budget allows you to plan your betting budget for the month and ensures you don’t bet money that you don’t have to bet with. Responsible horse racing betting is paramount when it comes to your betting budget.
3. Don’t bet too big too early
It’s important for horse racing betting enthusiasts to manage their betting strategy and system to ensure that they don’t bet too big too early. What does this mean? It means that if you place all your eggs in one basket too early on in the day, you may miss out on opportunities later in the day as your budget for the day is finished. Divide your budget and time on opportunities throughout the day to ensure maximum coverage. This is a very important horse racing betting tip.
4. Always assess the going
The going is the ground that horses will race on. Most horses will be influenced by whether the ground is muddy and soft or firm. If a horse wins one or more races on soft or heavy going, you can presume with good reason that such ground suits him. Unless the horse has run poorly on firm going, there is no conclusive evidence that firm going might not suit the horse even better. Therefore pay careful attention to the going before placing a bet.
5. Do your homework
With a bookmaker you know exactly where you stand when you take your bet as the bookmakers gives you a fixed return on your bet if you win. Professional horse racing bettors always look for “value” in a bet. This is when their idea of the probability for a horse winning is bigger than the bookmaker’s price indicates. If for example they think a horse has a 40% chance (15/10) of winning and the horse is priced up at 2/1 (33%), they have a good betting opportunity. It’s important to assess which bets will give you the most value, so do your homework. This is probably the most important horse racing betting tip to take note of.
So there are our 5 horse racing betting tips.
Read more about how to place a horse racing bet with our Guide to Horserace Betting in South Africa.
Place your horse racing bets today.
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