No one would have thought that one of the most profitable sports to wager on would be horse racing. This is due partly because the odds are high, even those offered to the favourites and who wants to miss an opportunity to make extra money?
This is why in today’s article we will be tackling this exact sport how you can easily make money betting on it. There are countless horse racing secrets you can on the Internet, our list guarantees you seeing your betting profits skyrocket! If you are interested in researching more on the world of betting check out these books that will surely prove useful.
When discussing ‘secrets’ what we mean is different tactics and insights that will push you a step further from the passive bettors. We aim that you maximise your chances of winning a bet.
The Dutching Formula
This is a common betting system used in horse racing and in various other sports as well. What most people are unaware of is that the dutching formula has the highest payout in horse racing. This is simply a mathematical equation.
You pick at least 2 selections you want to bet on and decide how much total money you want to bet on. Go on Google and search for Dutching Formula calculator and you will come up with thousands of results. Then just fill in how much you want to bet and you will have your answer!
Through the calculator you will know exactly what you must bet on each selection and how big your possible profit will be, should you win. Something you should know about this formula is that you cannot apply it to any selections you like. For example, if you had three selections with odds of 3.50, 4.30 and 5.00 then you would be good to go but on the other hand, if you had a 2.00, 3.40 and 4.00 then it couldn’t apply as no matter which one of them won you would always be in a loss.
Favourites Don’t Always Win
This is not the NFL or NBA, favourites do not always win almost all the time. A very interesting fact which you should take into consideration when placing your bets is that the top 3 horses in the odds table win an average of only 1 out of 3 races. If you take as an example the last 10 or so Melbourne Cups, the majority of those were won by a horse with odds no lower than 7.00. In 2015 a horse named Prince of Penzance came in first place and his odds were 101.00!
Don’t let previous wins elude you from making clear judgement, top horses are not a guarantee! Underdogs have several cups the majority of times, so next time you are looking for an ‘easy’ win, be sure to take a step back and rethink your choices.
Choosing who is going to win can be very challenging and not everyone has the patience to stay reading analytics all day long. Ultimately reaching a final decision can be quite a daunting task. Lay Betting is the opposite to conventional betting.
Lay betting put simply is, instead of betting on who would win, you bet on the exact opposite, picking a loser. Instead of betting which betting horse will win or place in the race you bet on which horse will lose.
When it comes to horse racing lay betting it can be a very extremely profitable venture but only if you know how to present ‘great’ betting opportunities that work to your advantage.
Be careful and always be aware, you will only win money if the horse loses the race!
Underdogs Tend to Win as Well
As we discussed previously, underdogs tend to win a lot of races. The underdogs’ placed in position 4 – 10 tend to win way more games than the top 3 together. This means that if you use a betting system like the Dutching Formula in order to combine some of those horses, your chances of winning are extremely high and because the odds will be high so will your profits.
Lay betting in this scenario can be very profitable too! This can drive loads of money for you especially if you are dealing with people who don’t know the statistics!
Check the Possible Bookmaking Options
This is one of the best tips you can get when discussing horse racing and any other form of betting in general. It is best to get used to this early on in your betting journey because it will save you a lot of money and will increase the money in your wallet.
Online sports bookmakers tend to offer better odds as they get higher user bases than the offline ones.
From our personal experience, we have found that Leo Vegas always offer extremely high odds compared to other big names in the industry. If you want to bet and you live in the United States then you should opt for Bovada. A very interesting fact that you should always know is that online bookmakers tend to offer virtual games and horse racing is often featured in such categories.
Take a Step Back From Low League Races
This is simply because low league races don’t tend to get as much attention as high – level ones. As a consequence of this the statistics regarding the horses as well as the jockeys participating in such races are very few and unclear.
If you are unable to do your own research or believe that the research you are conducting is giving any amount of closure than it is better to steer away from betting.
It is imperative that the horse you are betting on has a great relationship with the jockey. This relationship is so vital that it has led horse-jockey couples all the way to not only wins but worlds records.
Makybe Diva and the jockey Glen Boss were the only couples that made it into becoming three-time consecutive Melbourne Cup winners back in 2003, 2004 and 2005. Pay close attention to such relationships, if a jockey cannot understand the horse than winning might be more challenging.
The insight into their relationship can lead you to a very profitable bet.
The ability of a horse navigating different weather is a skill not many possess. Some horses navigate better on harder turf while others perform great when running in tough weather conditions.
Countless times have the favourites fell short because the underdogs knew how to compete in such bad weather conditions better than they did. This can really help you out if you are a punter just starting out with horse races.
Pay Attention to Recent Winners
If you check out the history of a horse you may be able to start pointing out patterns in racing events. Maybe the horse has been in a winning streak or its been on a roll for the past few races.
It doesn’t have to be 5 wins in a row or something crazy good like that. Some horses may not have won a single race all year and win the last one before a major event. If you are going to indulge in the sport, always try and stay up to date with any recent activity of the sport.
Here at Alpha Sports Betting we believe that research is imperative for you to increase your profits. Constantly try and up your game, become proficient in the sport. Visit sport websites to keep updated like CNN or others. Go to the extra mile, it will be worth your time and will surely prove useful when placing bets on horses. Always be on the lookout for extra information and insights that might better your game. Every little helps!
There are professional bettors out there, be sure to check out what they have to say, even if it doesn’t have to do with your sport, every insight is useful.
After having read the whole article you should be more aware of horse racing and ready to hit the online sportsbooks and start placing some bets.
If you keep in mind what we have discussed in this article while also keeping up-to-date with the sport and doing your own research you should be well on your way to making some money. You can check websites like