How to Place a Horse Racing Bet
I know that how to place a horse bet a bet can be a bit confusing and if this is your first time in the online sports betting arena it can be quite daunting; however there nothing to be afraid of as there is an abundance of online guides, help, and information to support people like you and me. Statistics show that the online betting industry is not only safe but it is popular too. According to research data from Mintel (May 2008), 6% of the UK population bet regularly online, with a further 12% placing occasional bets through established bookmakers.
Now, I’m no slouch but I’d much rather watch my horse win from the comfort of my own living room than be at 5 different courses in the UK at once, my winnings can be effortlessly transferred into my account straight after the race without me leaving my seat! I find that having a little flutter does make the horse race a lot more interesting and certainly adds an extra level of excitement.
Okay, now let me explain how to place a horse racing bet. If you are a casual better or have a little flutter once a year on the Grand National then you may well need some industry info to help you make the best bet. As previously mentioned there is an abundance of online assistance like the Racing Post, http://tipstar.co.uk and http://gg.com. Personally, I find Tipstar to be the best if I want to pick a horse as it stays away from the sometimes confusing industry lingo and it has an array of tipsters using it.
The process of picking a winning horse may also be affected by the trainer, the jockey, the course, the form of the horse and the other horses it is up against. If the horse you have selected is up against a bunch of donkeys, it has a good jockey/trainer and has shown good form in recent races then it is well worth backing.
Once you have picked your horse (by either name or number) then you must decide what type of bet to place. It is best to pick either an outright win or place each way bet (Each way which is similar to a “place bet” means that one’s horse will come in the top 2, 3 or 4 depending on how many runners are in the horse race). I tend to stick to either an outright win or each way bet as they are available with all bookmakers and also you can find some fab tips to support these types of bet.
The other types of bet which I personally tend to stay away from but feel free to have a look are:
- Doubles – this is a combination of two bets, where both have to get it right so as to get paid
- Trebles – this is a combination of three bets, where all three need to come up trumps
- An accumulator is when a larger combination of 4, 5 or more bets all have to win.
Once you have chosen what type of bet you wish to place then you have to decide where to place it. If most of you don’t have an account with an online bookmaker then it is best to place it with a bookmaker offering the best odds for that particular race (see odds comparison) or the bookmaker offering the best introductory offer, most of them will give a new member free bets.