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Welcome to our complete horse racing betting guide at PHSPIN. Here, we’ll go through everything you need to know about horse betting, including what events to bet on, what bets to place, and some tips to help you pick the winning horse. Read it before placing any horse race bet to give yourself the best chance of winning.
What Makes a Good Horse?
A number of factors go into horse racing, making it an attractive sport to bet on, as many factors can influence a horse’s success. Here’s what you need to know to understand the basics of the sport:
The horse itself: You need to understand the horse you’re betting on. Is it a stallion or a dam, and how many litters does it have? How old is the horse? How has it performed in similar races in the past? What is its current condition? What tracks does it prefer? The more research you can do about a horse, the more likely you are to pick the right winner.
The jockey: After the horse, the jockey is the key to winning a horse race. Like football players, some jockeys are better than others and can change the horse. Some of the top jockeys in the sport include Ryan Moore, James McDonald, Flavien Prat, and William Buick.
Trainer: The trainer is responsible for training a horse into a potential champion. Aidan O’Brien, Charlie Appleby, and Bob Baffert are some of the best horse trainers in the world.
Horse Farm: Some horse farms have a history of training winning horses for certain races, so it is worth checking this before major races, in particular.
Race Format: There are two main types of racing – straight racing and steeplechase. Each type of racing is held on a particular track. Make sure you do your research before the race to make sure the horse you choose is a good horse on its respective track. Most races are on grass, but some are on dirt.
Track Condition: This is a key term in horse racing that describes the conditions of the track. Some horses prefer softer or harder ground, so checking the track conditions before a race can help you choose the right horse to bet on.
With so many important components to horse racing, it can be difficult to get an accurate overview of what you can expect from a race. However, researching the above aspects will give you a good idea of which horses to back.
How to Bet on Horse Racing?
Horse racing has a lot of slang, which can be confusing for first-time bettors. However, the premise of betting on horse racing is the same as betting on other sports. Simply choose a race, do some research, and choose the horse you think will win.
Each horse race has a race card (or race program), which shows specific information about the horses, jockeys, and trainers. You will also find important information about the track, race times, and a horse’s recent form.
Luckily, a race card also shows the horses’ previous wins at the track. For example, if a horse has a C next to its name on the card, it means it has previously won at that track. If it has a D next to its name, it means it has previously won at the same track length.
So, if you’re just starting, follow this simple step-by-step process to bet on horse racing for the first time:
Choose an Upcoming Horse Race.
Read the card and check each race for details about the horse that is about to run.
Look at its winning odds, status, and previous performance at the track.
Decide on the stake and place a bet (details below).
Watch the race live.
Cash out any winnings.
To bet on horse racing, create an account at PHSPIN. Follow the registration prompts to create an account in seconds and make a deposit to place your bet. You can then consider which races to bet on and what type of bet to place, as outlined below.
What Types of Horse Racing Bets Are There?
There are several different types of horse racing bets you can place:
Horse win bet: This is a straight bet on which horse you think will win a race.
Horse place bet: If you don’t want to pick a winning horse, you can bet on the “place” of a horse, which means you can bet on whether it will finish first, second, or third in a particular race.
Each-way bet: This is a very popular double bet in horse racing. You bet on which horse will win and which horse will finish.
Tricast: There are many riskier bets, also known as special bets, where you predict which horse will finish first, second, and third in a race.
Forecast: Similar to a top 3 bet, you only bet on the horses that you think will finish first and second in a race.
Combination Bet: Bet on the outcome of consecutive races, and if all your selections are correct, you win. This is also called a spread bet in the US, instead of a vertical bet that focuses on the outcome of one race.
