There are several options for betting on horse races, and you can bet on all kinds of races. Many like to bet on thoroughbreds while others bet on harness racing as both these races are punters’ two most popular racing events. Some of the renowned races for thoroughbreds are Australian Oaks, and sires produce stakes.
Punters like to test their luck on different bets, such as Quadrella or straight-six. It could be a daunting task to choose horses to bet on if you have little or no betting experience at all. However, it is always better to do some homework beforehand to increase your chances of a successful bet.
As 2022 is here, you can learn about betting and earn some bucks. You could bet on your favourite thoroughbred clubs such as Australian Oaks, and sires produce stakes in the upcoming race meetings.
So how to place that one-winning bet among hundreds of potential options?
Steps to place a promising wager on horses
Below, we have tried to simplify the process for all Australian punters who take betting seriously. Follow these betting tips to improve your chances of making some profit:
- Don’t expect a win from Day One
If you are a beginner, follow the process slowly and steadily. Do not think about making significant profits right on the first day. Go to the race tracks and do some research, observe the horses, and gather knowledge about different types of bets. This way, you will gain experience in the field.
- Don’t just focus on horses
Your chances of coming up with a winner are dependent on several factors. The winning chances of a horse depend upon the jockey and trainer also. A decent horse with an inexperienced jockey and trainer can lose the race. The expert punters visit the race track early and inspect the track conditions, the trainer’s experience, and check if the horse is warming up well and how the race may play out.
- Previous experience of the races
Experience of trainer and jockey is crucial to produce a good racehorse. Besides the current form of trainer and jockey, you should pay attention to the other aspects of the race, such as the horse’s past performance, jockey, and trainer. This factor will give you a decent indication of how the horse and the race may play out.
- Use Racecards as a guide
In the beginning, punters should utilize race cards to gather information. Racecards have horses’ names with their number, that is, past finishing positions. You can place a bet on horses and hope to win based on information found in the racecards.
- Bookie and the race itself
A good bookie is also essential to place wagers on the race, so find the right person to place a bet with. The more horses win, the harder their opposition in races becomes. A horse that moves up in class will find it harder to win into the future.
- Possibility of winning
And the last way to measure your chances of winning the bet is to examine the odds. The chances of the horse being a favourite and winning the race are dependent on the odds. The bigger the odds, the less likely the experts think the horse can win.
You can go online and track betting odds for Australian Oaks, The Championships and other races.
While betting is fun, don’t forget to do your homework first because it will give you the best chance of winning. Also, hang around the expert punters as this way you will gain a lot of knowledge of races. Moreover, follow the tips mentioned above to increase your betting odds and expect a good win. Just bet safely and responsibly.