For newbies, betting on horse racing might be a scary prospect.
Unlike other types of sports betting, the game is played in a pari-mutuel style, which means that the odds fluctuate minute by minute and are determined by the betting public rather by professional bookmakers.
Furthermore, each race has a distinct set of horses. It is unusual for the same group of horses to participate twice. A horse race is usually run by a list of horses who have never raced together before.
Only in the Triple Crown Races can you expect to see a comparable group of horses racing against one another. The fields for the Preakness, Belmont, and Kentucky Derby will be almost identical.
However, in most cases, all of the horses running in a race will be unfamiliar to you or will have no prior history of racing together. It is consequently critical to be able to compare the horses on paper, and a bettor must utilize the Racing Program to do so.
The most popular programs in American horse racing are the Daily Racing Form and Equibase. In the United Kingdom, players mostly depend on the Racing Post, whilst serious players in France will rely on Paris-Turf.
Horse Racing Tracks often provide basic horse racing programs, but most professional horse bettors depend on separately acquired, in-depth sources that provide facts and statistics on today’s races.
However, there are a few aspects that all racing plans have in common:
Racetrack: where the race takes place
Race Distance: The length of the race, which is normally between 5 furlongs and 1.5 miles. This is critical since some horses lack the stamina to run long distances.
Racing Surface: if the race is held on dirt, synthetic (polytrack), or turf (grass). Different horses have preferences or physical characteristics that make them more suited for running on a certain surface.
Race Class: what kind of horses are being raced (young horses, females, horses which never won, horses which are for sale etc.). To win a race, the horse must be in the appropriate class.
Male horses (Colts) are often better racers than female horses, therefore a female competing against men may struggle. Young horses competing against older horses may be too green or physically underdeveloped to win today.
Race purse: how much money will be awarded to the top-finishing horses in the event. This is also a sign of a racehorse’s suitability for a certain race. The horse might perform better than the rivals who competed in “cheaper” races if he has previously won at a similar or higher level of purses.
Post position: Depending on how close to one another the horses start the race. Because various racetrack designs favor horses starting from the inside or outside of the track, the post position is often quite significant.
The Trainer: A smart trainer understands how to build up a horse’s training schedule effectively and which races the horse will likely do well in. A reputable trainer should always be trusted over an untested one.
The Jockey: A racehorse may benefit from having a good jockey, yet a lousy rider can just as quickly wreck his chances. Pick jockeys that have at least a typical track winning percentage. Even better option: try to choose a horse with strong statistics when that rider rides a horse owned by that trainer. The rider is chosen by the trainer, so if he picks him again today after having success with him in the past, they could be prepared for another successful race!
The racehorse owner: I think that this is rather less significant. Sincerely, I never think of that! The horse’s statistics or pedigree will show how good he is. The owner is irrelevant…
The past results: of the horse, including his overall performance records. This is an important nugget of information, so pay close attention to the horse’s most recent performances as well as his overall success rate. Some horses lack the competitive spirit needed to win races. Others just lack the physical attributes… Pick horses who have previously shown they can win races rather than usually coming in second or worse.
Final positions: In his most recent races, did the horse place first, third, or last? In most cases, recent races provide a more accurate picture of form than overall data. If the horse seems to be getting better and better lately, he may have a strong showing today. a race without constantly coming in second or worse
Length beaten: how far behind the horse finished in his prior races. Or how far away he was from the opponents when he triumphed. If a racehorse defeats the competition by a significant margin, it indicates that on that particular day, he was much superior to the field.
Additionally, race programs often include tips from knowledgeable handicappers on how they assess each horse’s prospects in the race. Picking the horse and making future predictions is the most enjoyable aspect of placing a horse racing wager. You may certainly follow someone else’s advise and take the fast way, but where is the joy in that?
The aforementioned are the fundamental components of any horse racing programs, however a good one like the Daily Racing Form or Equibase additionally includes:
Speed figure: This figure reflects the speed at which a horse completed his previous races. These statistics were developed in a fashion that enables comparisons across races over a range of lengths, days, and racetracks. The horse’s speed increases with size!
Pace splits or figures: Horses usually go off quickly in a race and progressively slow down. Even though it seems like they are speeding up near the conclusion, this is only a trick. Similar to humans, racehorses slow down as they fatigue when running. The pace splits or numbers let you know how quickly the horse got going in his most recent races and how much he slowed down or maintained his speed as the race came to a close.
Final time: The finish time is very significant because, as is obvious, quicker horses finish first and have shorter finish times. It is crucial to remember that various tracks, surfaces, and days (weather, temperature, etc.) provide various racing conditions. Although comparing final timings at face value is risky, it is better than nothing if you don’t have access to speed numbers.
Race progression: Some horses like or need early leadership in order to have a decent chance of winning the race. Other horses begin more slowly, but they tire less quickly than the others and possess a fighting spirit that enables them to eventually pass their rivals. It’s critical to understand each horse’s racing style and how it could affect how the race plays out. Who is who is made clear by each horse’s race advancement.
Horse previous performance on today’s surface or a wet track: This may be crucial since some horses don’t like or aren’t physically suited for racing on grass or dirt. Because the grass is softer, the horse requires more stamina. The wet is the same. Because the footing is softer while racing in the rain, a fast horse may wear out sooner.
Horse pedigree: the horse’s grandparents and parents. Children inherit the physical, mental, and behavioral traits and flaws of their parents. With these racing circumstances and opponents, a racehorse’s chance today may be revealed by the family he comes from.
Workouts: A racehorse typically runs every 3-6 weeks, and in the time between races, they exercise, maintain mentally sharp, or build muscle. Which horses are coming in hot on race day may be determined by the exercise periods (if you know how to interpret the patterns).
The most crucial components and how to assess them are covered in greater detail in our previous articles on horse racing betting.
However, for the sake of this introductory essay on horse racing betting, I will only discuss the race program elements that a novice or pure recreational gambler should pay close attention to before making bets.
Be mindful of the odds!
Even if a horse may seem to be superior to the competition on paper, if his odds are 1/1 or even lower, he actually has to be much better than the competition.
Personally, I like to wager on a horse that could seem to be somewhat poorer on paper but is available at a 5/1 or 10/1 odds. Even while the horse may not win as often, when it does, it is far more enjoyable!
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