The Smartest Bet in Horse Racing: How to Win More Money (2024)

If you’re like most people, you enjoy betting on horse races every once in a while. But if you’re looking to make some good money off of this hobby, then you need to start making smarter bets. In this blog post, we’ll discuss several tips that will help you win more money when betting on horse racing. So keep reading to learn more!

The Smartest Bet in Horse Racing: How to Win More Money (1)

Why is it important to make smart bets on horses races?

The answer is simple: if you want to win more money, you need to make smarter bets. There are a lot of different ways to bet on horse races. Some bets are much better than others, and if you want to win more money, you need to know which bets are the best.

The good news is that you don’t need to be a horse racing expert to make winning bets. We’re going to show you how to make the smartest bet in horse racing, so you’ll be able to do it with confidence.

What are the smartest bets for horse racing?

When you’re betting on horse races, there are two main types of bets: win bets and place bets. Win bets are exactly what they sound like — you’re betting on which horse will come in first place. Place bets are a little different; you’re betting on which horse will come in first, second, or third place.

So, which is the smarter bet?

The answer may surprise you: it depends. If you’re betting on a horse that is a heavy favorite to win, then a win bet is probably your best bet. However, if you’re betting on a horse that isn’t a potential winner, then a place bet might be the smarter bet.

Why is this? It all has to do with the odds. When you make a win bet, you’re usually getting odds of around even money (i.e., you’ll win £100 if you bet £100). On the other hand, when you make a place bet, you’re usually getting odds of around £0.50 (i.e., you’ll win £50 if you bet £100).

Finally, it’s necessary to remember that there is no such thing as a sure bet in horse racing. No matter how much research you do or how confident you’re in your pick, anything can happen on race day. The key is to have fun and not bet more than you can afford to lose.

Where to make a bet on horce racing?

There are a few options: you can go to the track and bet there, or you can bet online. There are pros and cons to both options.

If you bet online, you’ll have more options and potentially make more money. However, it can be more difficult to track your bets and you may not get the same feeling of excitement as you would at the track. If you bet at the track, you’ll be able to see the horses and watch the races in person. This can make betting more fun and exciting. The main drawback is that you may not have as many betting options and you may not make as much money.

As for betting sites, there are many options available. Some of the most popular include:

  • Betfair;
  • RaceBets;
  • Sky Bet.

When choosing a betting site, be sure to do your research. Read reviews and compare the different sites. Make sure you choose a reputable site that offers good odds and a variety of betting options.

What are the best tips for placing a winning bet?

There are a few factors that you should take into account before placing your bet:

  1. The horse’s form. It’ll give you an indication of how the horse has been performing in recent races.
  2. The going. This refers to the condition of the ground and can have a big effect on how a horse runs.
  3. The weight. The heavier the horse, the harder it is for them to run fast.
  4. The race distance. Some horses are better suited to longer distances, while others are better at sprinting.
  5. The weather forecast. If the conditions are going to be wet, it can impact how a horse runs.

Once you’ve taken all of these factors into account, you can start to look for value bets. These are bets where the odds are greater than the chance of the horse winning.

So, are you ready to try your luck? Remember, the more information you have, the better your chances of winning. Be sure to read up on our prompts for betting on horse racing, and then head over to the comments section to let us know how you did. We can’t wait to hear about your successes (and failures!) in the world of online horse race betting!

The Smartest Bet in Horse Racing: How to Win More Money (2024)

FAQs

The Smartest Bet in Horse Racing: How to Win More Money? ›

The safest bet you can make is a SHOW bet on the favorite. While it's the most likely to hit, it delivers a small return. If you want to make more money, you need to bet on the more exotic wagers. They include the EXACTA (top two horses in order), the TRIFECTA (top three in order) or the SUPERFECTA

SUPERFECTA
The superfecta is a type of wager in the United States and Canada parimutuel betting in which the bettor, in order to win, must pick the first four finishers of a race in the correct sequence.
https://en.wikipedia.org › wiki › Superfecta
(top four in order).

What is the most profitable bet in horse racing? ›

In conclusion, the most profitable horse racing strategy is value betting. It involves identifying discrepancies between a bettor's estimation of a horse's chance of winning and the odds provided by the bookmaker. By taking advantage of these apparent errors, bettors can maximize profits with higher chances of winning.

What is the easiest bet to win in horse racing? ›

The easiest of the so-called exotics to cash on are the EXACTA (pick the first two finishers in one race in exact order) or QUINELLA (pick the first two finishers in one race in either order, though this bet is not widely available), and the DOUBLE (picking the winner of two consecutive races).

What bet pays the most in horse racing? ›

Trifecta and Trifecta Box

A favorite amongst seasoned bettors, the trifecta serves as the biggest payout in horse racing but is also one of the most difficult to hit. It's similar to the exacta but with a much harder twist. Betting a trifecta means picking the three horses to finish first, second, and third.

How do you win a lot of money in horse racing? ›

6 horse betting tips to win more races
  1. 1 Do your research. The first step to winning horse betting is to do your research before placing your bets. ...
  2. 2 Study a horse's winning percentage. ...
  3. 3 Don't ignore the favourite. ...
  4. 4 Don't overbet. ...
  5. 5 Have a strategy. ...
  6. 6 Choose the right wager.

What is the smartest bet in horse racing? ›

The safest bet you can make is a SHOW bet on the favorite. While it's the most likely to hit, it delivers a small return. If you want to make more money, you need to bet on the more exotic wagers. They include the EXACTA (top two horses in order), the TRIFECTA (top three in order) or the SUPERFECTA (top four in order).

What number wins most in horse racing? ›

Apart from metropolitan tracks, the handicapper's preferred horses, (number one) won more races than any other number.

How to predict winning horses? ›

This comprehensive guide will explore some important factors to consider when predicting horse race winners.
  1. Track Bias. One crucial factor to consider is track bias. ...
  2. Past Records. ...
  3. Jockey Experience. ...
  4. Injuries. ...
  5. Age and Breed of the Horse. ...
  6. Familiarity with Weather Conditions.
Nov 3, 2023

What is the best strategy for horse racing? ›

If you don't fancy an overwhelming favorite's chances to win a particular event, a multi-race play (Pick 3, Pick 4, etc.) is often a good option. And, perhaps, a vertical play (exacta, trifecta, superfecta, etc.). It's even ok to bet multiple horses to win in the same race, even if it does cut your rate of return down.

What is the 80/20 strategy in horse racing? ›

Here, you bet 80% of your stake on the horse finishing second (or within the places) and 20% of your stake on it winning the race. The idea is that you'll win a decent profit regardless of where the horse finishes.

What pays more exacta or trifecta? ›

You can generally expect longshots to not be used much in exacta combinations, meaning your payout will be greater since you're sharing less of the prizepool with the other winners since no one used that horse.

What is the most profitable thing to bet on? ›

Best Sports to Bet On: Key Insights
  • College football offers the most value to bettors across all bet types, closely followed by the NFL.
  • Baseball offers the lowest potential value across all bet types.
  • College basketball offers significantly higher potential ROI than NBA betting.

How to pick horses to bet on? ›

Picking a Winner by Eye
  1. Does the horse look at ease in its surroundings? ...
  2. Does your horse 'look well in its coat'? ...
  3. Is it a good walker? ...
  4. Does the horse look fit and athletic? ...
  5. Does it have good muscle definition? ...
  6. Are there any lucky charms or superstitions?

What is the best value bet in horse racing? ›

In simple terms, value is achieved when a punter backs a selection at odds that are better than the probability of the horse winning the race. At this stage, the authors of many of the books that I have read in respect of betting on horse racing tend to explain this definition using the example of the flip of a coin.

What horse race wins the most money? ›

The Saudi Cup has been regarded as the richest horse race in the calendar since the inaugural running in 2020, with the winner receiving a cheque for $10 million. The race, run over 1m1f, takes place in February at King Abdulaziz Racecourse in Saudi Arabia and it is the most lucrative race to be held on a dirt track.

What are the best odds to win in horse racing? ›

Odds and Probabilities: Examine this abbreviated Odds/Win Probabilities Chart
OddsWin%
2-571.42%
1-266.67%
3-562.50%
4-555.56%
11 more rows
Mar 21, 2023

What type of bet is most profitable? ›

The most profitable type of bet in sports betting is generally considered to be arbitrage betting, also known as sure betting. This involves taking advantage of different odds offered by different bookmakers on the same event to guarantee a profit regardless of the outcome.

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