What to know as a first time horse bettor

Horse betting is a fun and exciting way to have some good, clean competition. We all love the thrill of rooting on our favorite horse as it barrels down the track with nothing but a jockey on its back! However, horse betting can be quite difficult, especially if you have never done it before and have no experience with this hobby.

Whether you’re a seasoned gambler or this is your first time trying out horse betting, we hope that this blog post will inform you of what to expect when going into this new sport.

Different Tracks

The first thing that you should be aware of as a first-time horse better is that different horses perform differently on different tracks. This is something that many first-time horse bettors don’t take into consideration when betting on a horse. There are a variety of different tracks, such as Sloppy, Fast, Good, Heavy, Slow, Synthetic, and Turf.

Let’s say for example a horse was trained on a harder track; this means that the horse is used to having the hardest surface under its feet, which gives it more traction and the ability to go faster. Now if on race day, if they were to use sand on the track, that would make the track slightly deeper, which means the horse won’t be able to gain as much traction. If the horse is not used to it, it might start panicking or Working harder than it needs to, to reach the speeds it would normally have reached on a harder track. This would result in the horse tiring out a lot faster.

Different Race Types

The next thing that you should take into consideration is that they are different types of races. Each race has different rules and different betting options, but more than this, if you were to have done your research, you would know that different horses perform differently at different races. For example, there are endurance races, steeplechasing, flat racing, and harness racing. There are also different Cups throughout the season, such as the Coronation Cup for which you can find more information here, provided by British Racecourses. This is important to know as a horse bettor because whilst the horse might have performed very well in one race, it might do terribly in another, and you don’t want to be betting on these horses without knowing that information.

There Are Different Odds

If you’re new to horse betting, then you might not know that there are different odds for different races on different sites. What this means is one site might be saying that these are the odds for a certain race, yet on another site, the odds are different, whether it be better or worse.

Something that you should do before making a bit is to compare odds or shop odds. The reason you want to do this is to make sure that you will, maximizing the potential of making money whilst betting.

You Will Lose a Lot

Something very important to take into consideration is the fact that as a new horse bettor, you will lose often. This isn’t said to demotivate you. On the contrary, it is to enlighten you to the fact that you should not become disheartened if you bet on a few races and there isn’t a positive result.

One of the most important things that you can do as a horse bettor is perform adequate research before making any bets. In addition to this, you will gain experience as to what to look for on the day of the races. For example, as a beginner, you might not know that you should look at the horses to see signs of those that are unfit; which could be anything from a flabby belly to excessive sweating, a dull coat, and more.

You Need to Have a Bankroll Management System

Finally, a big mistake that many people who are new to horse betting make is not having a bankroll management system. Whilst the first step is setting a budget, which is a great thing to do. The next step would be having a management system to ensure that you don’t waste your entire budget in one event.

An effective way of managing your budget would be betting between 1 to 3% of your total budget. This means that if you have a budget of $100, then each time you bite you would be betting between 1 to $3.