The one thing that new horse bettors and handicappers want to know is how to bet on horses and win. It is the question that is asked most often when EZ Horse Betting gets emails from readers. We have provided a large amount of handicapping information that is designed to make you a good horse bettor. There are other things, though, that you should consider before betting horses at an online racebook for real money.
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In this article we would like to focus on things that are not specifically related to handicapping as you probably understand it. Learning how to bet on horses and win also involves mental preparation and developing an understanding of the game of horse racing and how it is played. Here are some tips you can use today to become an excellent bettor.
Betting on Horses Requires Patience and Discipline
Too many people get into gambling because they are looking to make a fast and easy buck. Betting on horses is not a get rich quick scheme. To win consistently you will have to be patient and await the best betting opportunities.
Some of the best handicappers in the entire world only win one out of every three bets. In fact, most would consider that to be a phenomenal win rate. You could earn a nice profit if you were right just 33% of the time when betting horses, as long as you do it properly.
Patience in horse race betting is necessary because not every race is a good betting opportunity. Too many handicappers take the approach that they have to bet every single race on a race card. When you play at an online racebook there are always races to be found. You can sit back and wait for the best opportunities to come up. When you visit a live track you are limited to the races on that day’s card. You may wind up betting races that you should not because you don’t get to go to the races that often.
Understanding Risk and Reward
To learn how to bet on horses and win you must also learn a few things about risk and reward. Every investor knows that risks are unavoidable. The difference between those who succeed and those who don’t is the nature of the risks that are taken.
If you don’t think betting on horse racing is an investment, think again. It is not that different from speculating on which stocks will go up in value. You use your ability to study past performances and race replays and arrive at a decision on which horses you will bet on.
Smart bettors risk a little bit of money to win a lot. They are not focused on betting $2 to win on a horse that is offered at even money or less. If that is the only bet available, the smart investor will pass the race and wait for something better. As a benchmark we recommend that you only bet horses to win that are offered at 3-1 or better.
You can also take advantage of exotic bets which combine multiple horses or multiple races. These bets will give you the chance to bet a small amount of money in the hopes of scoring a large payoff. Don’t blindly throw money at races. This brings us to our next piece of advice.
Don’t Throw Darts at a Board
The wise bettor does not throw darts at a board. Nothing is left to chance when one is learning how to bet on horses and win. All bets must be the result of study and interpretation of handicapping information.
You should never be betting on a race when you do not have an opinion that is based on your handicapping skills. If there is any doubt in your mind about the chances of the horse that you have chosen, skip the race and bet when you have a stronger opinion.
No horse racing bettor makes a bet with 100% certainty on the outcome of the race. All of them know that the outcome of races are hard to predict. So many things can happen as a race is being run that you will always have some lingering doubt. But the successful handicappers do bet with the maximum amount of confidence. They know that they have done all they can to predict the correct outcome of a race.
You Should Be Betting Horse Racing Online
We are living in a different era today when it comes to gambling and betting on horses. It is no longer necessary to stand in the heat at a live race track to make your bets. You don’t have to fight crowds, pay admission fees, and limit yourself to bets at just one race track. Betting horses online changed all of that.
An online racebook gives you access to hundreds of race tracks around the world. You can make the same bets without having to leave your living room. Online racebooks are accessible from a computer, phone, or tablet.
You can also get many free tools and handicapping assistance from an online horse betting sites. Some of them will even give you free money when you make your first wagering deposit. Knowing how to bet horses and win means taking advantage of every tool at your disposal. Free betting money can be a huge boost to your bankroll.