Ultimate tips for online horse race betting

Have you made the switch to online horse betting? You should give it serious consideration. There are many advantages. If you decide to use a wagering site, here are 10 ultimate tips for online horse racing betting.

1 โ€“ Choose the Right Online Horse Betting Site

Today there are many online horse betting sites to choose from. Finding the one that is right for you is very important. You should identify the things that you are looking for before you sign up.

Do you want a large betting menu? Perhaps you are looking for the bigger bonuses. It is rare to find an online horse betting site that will satisfy all desires at the highest level. But you can use trusted reviews to identify the one most likely to give you a good horse betting experience.

2 โ€“ Look for Bonuses and Rewards

Most online horse bettors want big bonuses and rewards. The best online horse betting sites usually offer a free money bonus when you sign up. Some of them also provide either free bets or a matching deposit bonus to players.

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What you really want is a horse betting site that has a loyalty program. This is a rewards structure that goes beyond any bonuses you receive at sign up. Some sites will give you monthly rebates on your losing wagers, and others allow you to earn points for every dollar wagered. You can then trade the points you earn for betting cash.

3 โ€“ Demand a Large Selection of Tracks

All of the premier online horse betting sites today offer access to a large number of race tracks. You want to find the ones that allow betting at US race tracks as well as race tracks in other parts of the world. International horse racing is some of the best in the world and provides much opportunity for smart bettors.

Be sure to see if your chosen online horse betting site offers betting in places like Hong Kong and Japan. There have been some bettors that have done very well in these locations. Hong Kong horse racing has even produced 7-figure paydays for some handicappers.

4 โ€“ Avoid Bookies in Horse Betting

Betting horses with a bookie was common at one time. In Europe and other areas of the world there are still bookies that accept bets on the track. You can even find bookmakers taking horse racing bets online. We suggest that you avoid this path.

What you want is an online horse betting site that has its pools connected to the live pools on the track. This means that you will be able to see what is being wagered into the various pools before you bet. It will also allow you to take advantage of special pools that are offered on the big days of horse racing. Parimutuel wagering is the gold standard when it comes to all types of horse racing betting.

5 โ€“ Use Your Free Betting Tools

We’re halfway through our 10 ultimate tips for horse racing betting and now remind you to use your free betting tools! Most online horse betting sites will give you access to free past performances, free race replays, and even tips from industry experts.

In horse racing betting knowledge is power. The more knowledge you have, the bigger your edge will be over your fellow bettors. If you were to purchase these tools from an online service you could spend hundreds of dollars. It is a big benefit to get them for free with online horse racing betting.

6 โ€“ Bet On the Big Days

Betting on the biggest days in horse racing is one way to take advantage of large betting pools. The bigger the betting pool, the greater the chance for profit. You can also find special bets that are not usually offered when you take time to bet the Kentucky Derby and other marquee races.

It goes without saying that these races are more competitive than usual. Your handicapping skills will need to be top notch. When you are able to master the big days in horse racing you will see a big improvement in the profits that you earn from horse racing betting.

7 โ€“ Don’t Be Overwhelmed

There are some dangers to having access to so much betting power in the palm of your hand. You can access most online horse betting sites with a phone or tablet. That makes it convenient to bet at all hours of the day or night.

You may find that you are overwhelmed by the number of horse racing tracks and bets available. To overcome this you may want to focus on a single circuit for a period of time. Just because you have access to so many tracks doesn’t mean you are obligated to make bets on all of them. Choose your battles and fight them wisely.

8 โ€“ Beware Action Betting

This ultimate tip for online horse racing betting relates to what we just discussed. Don’t get carried away by what is known as action betting. In action betting you are wagering just to have action on the races. This can cause you to bet too often without the knowledge and opinions you need to win the bets.

The famous handicapper Andrew Beyer was known to sit aside a little bit of money each day for action betting. He limited this to a very small portion of his bankroll. If you are going to action bet, allow no more than 10% of your total bankroll to be devoted to this kind of online betting.

9 โ€“ Set Limits

All smart horse racing bettors are those who have set limits for themselves. Most people think in terms of win limits, but you need to also set loss limits. When you hit your limit for the day you are done. This is the type of discipline that you need if you are going to win consistently at online horse racing betting.

The limits are different for each bettor. Most likely they will be subject to the size of your bankroll. Take some time to figure this out. A lot of bettors don’t like to place more than 20% of their bankroll in play on any given day.

10 โ€“ Use Bitcoin for Online Horse Racing Betting

It is becoming very popular today to use Bitcoin and other types of cryptocurrency for horse racing betting. Some people believe that Bitcoin offers them a greater level of anonymity and privacy for betting. Others like the fact that Bitcoin is accepted by offshore online horse betting sites like Bovada.

One word of caution. If you choose to gamble with cryptocurrency, remember that it can be a volatile asset. You should spend some time learning how to monitor the market before you commit yourself to buying cryptocurrency.

We hope that you will use these 10 ultimate tips for online horse racing betting at one of our recommended sites. Be sure to claim your welcome bonus when you make your first deposit! Check our Bovada racebook review, Twinspires review, Busr, BetUS,ย  1stbet, or even our Betamerica review. All great choice if you are in the US. 5Dimes review for folks anywhere.


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