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4 Tips To Avoid Losing Money When Betting On Horses

Avoid Losing Money When Betting On Horses

Horse racing is a popular sport that many gamblers wager on around the world. However, there are a number of crucial tips that all bettors should avoid making to ensure that they have the best possible chance of picking up returns. 

All of these tips are followed by the most experienced bettors, which means that it is a solid routine that newcomers should also live by.

Don’t Chase Big Wins

The most important factor to consider is to not chase big wins. Lucrative returns in racing are very unlikely, with even experienced gamblers having to do extensive research to land a forecast or tricast. Most experienced gamblers also put a larger stake down on their selections, as they have more in-depth knowledge than beginners.

Newcomers to betting should avoid placing bigger stakes, and also understand the significance of the odds. If a selection is priced at 40/1, then there is probably a good reason for that. You shouldn’t bet on the odds that you want to win at, you should make sure you do all the required research.

Understand The Options

Before making a bet on any selection, newcomers should make sure that they understand all the relevant markets that are available to them. That includes knowing the difference between a win and a place bet.

If you don’t know the difference between the markets, then you will need to read up on what they entail before making a wager. Many of the markets are straightforward to understand, but insurance and betting w/o may take even more research before making a wager.

Find The Value In Your Selection

It goes without saying that the research is one of the most important factors that all gamblers must examine before making their selection. No bet should be made on the sport without first reading through the form and trends of the race that you’re betting on. However, once the research has been done, it is then time to find the best value for the selection that you want to make.

Should you be forced on a higher priced selection, then the each-way market may be the way forward. This will cover both the selection winning and coming second. However, if you are settled on the heavy favourite in the betting, then the win option may be the only way to go. Many experienced gamblers often use the forecast market to get extra value on favourite betting. But, this also requires finding a selection that will finish second.

Look At All Sportsbooks

Signing up to bet on horse racing is another crucial tip that all newcomers should remember. You should be keen to look around at the different sportsbooks available and compare the positives and negatives of the sites available. 

Some of the sites online will boast a wide selection of markets, while others will allow customers to bet on a greater selection of races. Like TwinSpires, who also have all the races results listed in their website:

During this stage, newcomers should also examine the payment methods and customer support channels available.

It also goes without saying that this is also the stage to study the welcome bonuses that are available online. It is important that all newcomers take advantage of this bonus, and it’s hard not to these days as all the leading sites offer one. 

Furthermore, you should also examine the other excellent features available at the sportsbook. For example, does the site offer live streaming of racing, do they offer any ongoing promotions and is there a cash out feature that you can take returns out of your bet?