Modern Australian

A Newbie’s Guide to Betting on the Races

  • Written by News Co


Betting on horse racing can be intimidating when you’re a novice. Deciding on a favourite, calculating the odds, and the payouts can easily overwhelm. Luckily, this newbie’s guide to betting on the races can help you overcome all worries and win your wagers right from the start, no matter what you're going for.

1. Don’t trust other betters at the track

Horse race betting can be done online, but many hope to be betting at Cheltenham 2021, and betting at the track can add new thrills to the experience. However, it would be best if you only trust your gut and not other gamblers claiming to give you winning tips. Those people may have good intentions but could do you a disservice by confusing you.

If you want to place winning bets, learn how to read the odds and pick your favourites rather than listening to the good Samaritans’ advice.

2. Learn all you can about jockeys and horses

You’ll have higher chances of winning a bet if you know what horse and jockey pair is best on the specific type of track. For instance, some horses perform better on dirt, while others prefer turf. Some may run faster on wet tracks, while others may like dry ones, and so on.

Once you know the horses in a race, it is easier to calculate your odds based on the type of track, weather, the jockey, and so on.

3. Don’t underestimate the owner

Most newbies don’t even care about this step, but knowing who owns the horse is more important than you think. Indeed, the owner gets to choose the quality of food and lodging their horse gets, what races to compete in, and –most important – the owner gets to decide who trains the horse.

Some owners invest loads of money in their horses and make sure the best jockeys train them in the world. Others have lower budgets, and the horse’s performance may not be exactly impressive.

4. Bet on multiple horses

What we mean is that you should make simple bets – either win, place, or show – on various horses in the race. While this method will lower your profit if you win, it increases your chances of winning. Once you get a good understanding of horse race betting, you can start to bet on only one horse, but as a newbie, making multiple bets could motivate you despite winning less.

You should only avoid making complex, exotic bets as a newbie. Sure, complex stakes bring more profits, but the chances of losing are higher.

5. Establish a budget and stick to it

Perhaps the most common mistake new gamblers make is betting without establishing a budget first. Because you have a higher probability of losing until you learn how to wager like a pro, it is essential to establish a maximum betting budget and how much you should bet on each race.

For instance, if you decide on spending no more than £50 at the races, don’t bet more than this amount even if you win. Discipline is the secret to successful betting on horse racing, and once you learn this, winning and even making a profit will be easier.

ENTERTAINMENT

A Newbie’s Guide to Betting on the Races

Betting on horse racing can be intimidating when you’re a novice. Deciding on a favourite, calculating the odds, and the payouts can easily overwhelm. Luckily, this newbie’s guide to betting...

What A Modern Online Casino Player Is Looking For On The Platform

Online casinos have been a great substitute for the traditional land-based casinos as they generally offer higher odds and payback percentages than traditional ones. There are several casino online sites with wonderful...

Melbourne Cup is the highlight of Australian Racing calendar

Top Sportsbooks have the best coverage on the most important horse races. The Melbourne Cup in Australia is the race that ‘stops a nation’. The race itself is run at Flemington...

The Top 5 Luxury Resorts in Australia with Gambling on the Cards

Discover the Five Best Casino Resorts in Australia The world is home to famous casino locations in Atlantic City, Las Vegas and Macau. However, people should take note of the luxury...

TOP5 Reasons Why You Should Play in Online Casino

The days when you had to travel across the country to play in a casino and gamble are long gone. Today, you can easily choose a reliable online casino that...

These Countries Have the Best Netflix Catalogs

Netflix is currently available in 190 countries but the shows and movies differ from country to country. Flixwatch is the biggest database site with around 70 Netflix libraries. The data...



News Co Media Group

Content & Technology Connecting Global Audiences

More Information - Less Opinion













Popular articles from Modern Australian

Average Water Bills in South AustraliaResolve to Make Your Mental Health a Priority in 2021Estate Planning for Blended Families: 6 Tips on Getting It RightImportance of Texture and Layering in Interior Design3 Ways Your Drains Become Blocked 5 Reasons for No Power at HomeHow Is Tequila Made?Why You Should Enlist The Services Of A Property StylistTop Luxury Resorts For A Restorative Staycation In AustraliaUnderstanding Employee Car Allowance Rates in Australia7 Bucket-List Worthy Experiences in DubaiThe Effects of Pollen Throughout the Year What Qualifications Are Required to Work as a Chef in Australia?How You Can Create A Café With A Shipping ContainerA Few Great Uses For Laundry Detergent