Horse racing can be an intimidating game for the experienced bettor. Even more so for the newcomer. Winning your first bet at horse racing can do wonders for your confidence. When you use a proven approach to betting, you may be one of the fortunate ones that is able to claim a win the first time out.
Here are a few tips to winning your first horse racing bet. If you follow these steps you will have a better than average chance. Most newcomers to horse racing gambling simply rely on someone to give them a tip, or they take a stab with the hope that blind luck will succeed. There is a better way.
You Need to Win Your First Horse Racing Bet – Here’s Why
Why are we making such a fuss about having immediate success with horse racing betting? Getting off to a good start is in your favor. Establishing a winning momentum from the beginning is good for confidence, but it is also good for building a bankroll.
When you sign up to wager with an online racebook, many of these sites will reward you with a free bonus. They may give you a free bet, or they may offer you a matching deposit bonus. The matching deposit bonus is far more common and far more lucrative. You will want to deposit the maximum amount of money to take advantage of the bonus.
It works like this. If you deposit $500, the online racebook will match that deposit up to 100%. They will put $500 in bonus cash into your account for wagering, but there is a catch. You will need to wager that money a certain number of times before you are allowed to cash it out of the racebook. Some wagering requirements are generous, mandating that you bet the amount one time. Others are more difficult to complete, requiring you to bet through the bonus six times or more.
The only way that you will be able to remove the bonus money from your online racebook account is to win right away. You can only keep playing with that bonus money when you win with it. Winning your first horse racing bet will give you the best chance of keeping your bonus money and being able to withdraw it.
Winning Horse Racing Bets Immediately – The Proven Strategies
You are probably saying that winning horse racing bets with no experience is very difficult. We won’t argue that. It is difficult for the seasoned pro. Difficult does not mean impossible. There is still a way when you grasp and use some proven betting strategies that have worked for the professionals.
First of all, we need to clarify winning in the context of betting on horses. What we are really striving for is a certain winning percentage. There is no reasonable way to expect that you are going to start betting horses and win every single time. So, when we say winning we aren’t really referring to individual bets. What we are speaking of is an overall percentage.
For example, you could look at your results for a single horse racing betting session. A session could be defined as the bets that you make on one race card. You could also choose to examine your results on a monthly basis. Either of these will work. The point here is that you need to stop looking at horse racing betting success in terms of a single bet.
Sure, you want to win each bet that you place. But if that is where your focus is you will fail. You will become disappointed when you lose, and you will lose some bets. That disappointment will cause you you to make poor betting decisions when you try to recoup your losses.
The first step to winning your first bet at horse racing is to realize that it is one long game. Winning or losing is not going to be determined by the outcome of that actual first ticket that you buy. It will be determined by the consistency of your winning strategies.
Strategy One – Make Your First Bet With the Online Racebook’s Money
We talked a little about bonuses earlier. You can use bonus money that you receive at sign up to make your very first horse racing bet. If you happen to lose this bet, you have only lost the free money that you were given.
This doesn’t mean that you shouldn’t try to win with online racebook bonus money. You should still take care to bet wisely. Having free money to bet will take some of the pressure off, and that can actually work to your favor.
Strategy Two – Seek Out High Probability Bets to Start
If you want to get off to a winning streak right away, try to stick to bets at horse racing which have a higher probability of winning. This mostly means making straight wagers and staying away from exotics.
A straight wager includes the win, place, and show bets. You should think of these wager as ones which involve one horse, one race, and one outcome. An exotic wager involves multiple horses and/or races, and it requires you to decide on multiple outcomes.
One of the few bets that has been show to return a flat bet profit year after year in American horse racing is a place bet on an odds-on favorite. This means making a place bet on a horse that is offered at less than even money. The downside of some bets like these is that they return a small profit when you win, but a small profit is better than no profit at all.
Strategy Three – Don’t Bet Just To Bet
A final strategy that can help you win with your very first bet at horse racing is to avoid betting just to bet. In other words, don’t make action bets. An action bet is a wager that you make when you are bored and just want the excitement of betting.
Action betting may be fine for the horse racing bettor that has a massive bankroll. It is not appropriate for the new bettor who wants to get off to a good start.
These strategies should help with winning your first bet at horse racing. You can also improve your chances to win when you use an online racebook. This gives you more betting opportunities each day. Check out the horse betting sites we recommend and play from home with your computer, phone, or tablet. Check our Bovada racebook review, BUSR, MyBookie, BetUS, Twinspires review or even our Betamerica review. All great choice if you are in the US. 5Dimes review for folks anywhere!