Horse racing is a national institution in the UK, with meetings taking place all over the country on a daily basis.
The revenue streams created from UK horse racing are hugely important to bookmakers – who rely on both the unpredictability and frequency of the races in the calendar to make money.
From a betting perspective, horse racing provides opportunity and heartbreak in equal measure.
Punters can always find value in any horse race and should they pick the winner, more often than not they will be able to reap the rewards.
That said, horse races tend to throw up the most unusual scenarios and odds on favourites don’t always come home – leaving punters in a bit of a quandary.
Read on for our guide on how to bet successfully on horse racing:
Understand Horse Racing Bets
With such history and heritage attached to horse racing betting, there are a multitude of bets punters can undertake when looking to make as much money as possible.
Understanding how each bet works is integral to each player’s chance of success, as budgeting for wins and losses is a key element of anybody’s horse racing betting strategy.
Here are some of the most common horse race bets:
Forecast & Reverse Forecast Betting – Deriving from the idea of predicting the outcome of a race, forecast betting centres around correctly predicting which two horses will finish first and second within a given race.
With picking a winner a hard enough vocation, it is perhaps no surprise that forecast betting is generally more lucrative that picking an outright winner – but it is a less common win for punters.
Traditional forecast betting centres around picking 1st and 2nd in a race – in a specific order, whilst reverse forecast betting gives punters a win, regardless of which way around the 2 picks finish at the top of the of the pile. Generally speaking, reverse forecast betting is less fruitful than straight forecast punts, but both can yield significant returns.
Tricast Betting – If picking the top two horses in a race wasn’t hard enough for you, picking the top 3 finishers in a given race can bring about remarkable rewards. Working on the same principle as a forecast, a Tricast challenges punters to pick which horses will assume the top 3 positions in a race.
Reverse Tricast betting is also an option, but generally costs plenty of money to lay down (as 6 permutations are in the offing) but if chosen correctly, they too can yield excellent returns.
Build the Multiples
Picking a winner within any horse race is no easy task but achieving it can often bring about serious rewards for players.
Extra value can always be found too in the composition of a multiple bet. A successful accumulator of lucky 15 bet can yield staggering returns for punters and it can keep players interested throughout a whole day of racing.
Furthermore, multiple bets appeal to rooking an expert punters alike as the initial investment needed when placing a multiple bet is relatively minimal – meaning a small risk can bring about a hefty reward.
Whilst a sense of perspective is always encouraged when placing a multiple bet, as you would not expect to win them frequently – they can be hugely profitable when they come good.
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