Jan 31
Horse Betting for Rookies
You may feel overwhelmed, arriving for the first time at the race track, trying to figure out how to make a bet. Even if you’ve placed bets online before, the hustle and bustle atmosphere of the track can make everything seem strange. But if you’re completely new to everything, then the process can be daunting. The key is to get as much horse racing information as possible before you step up to the betting window. Start by looking through the forms available at the track itself, which tell you about past performances of the horses, jockey bios and stats, and so on.
Horse racing odds become important here. Remember that the top ten jockeys usually win ninety percent of the races. And even if a horse is a favorite, it’s not likely to win more than thirty three percent of the time; when it does, the payoff will probably be low because many people placed a bet on that horse. However, the race track will always have a display screen that shows the current odds, which regularly change as bets come in. A good strategy is to place at least one or two wagers on horses whose odds are now two or three times what they were at the beginning of the day.
Make your horse racing betting picks with these factors in mind. It might help if you’ve learned about the types of bet before you come to the race track. Essentially, you’re betting on whether a horse will “win” the race, “place” in second, or “show” somewhere in the top three. Picking a horse to “show” has the best chance of success, even if your winnings are moderate. You shouldn’t bet a “trifecta,” which is wagering that you’ll get the first, second and third place winners exactly correct, until you are more experienced and know the horses much better.
So now you’ve made all your decisions, and it’s time to go to the betting window. This will be the busiest place at the race track, the closer to race time it is. Everyone will rush to get their bets made before the race starts, so be sure to know exactly which track, race, and horse you’re betting on, and which type of bet you want to make, so you can place the bet and make way for the next person. When you’ve got your ticket, all the horse racing analysis is done, and it’s finally time just to watch and enjoy the race.
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