Three Tips for Horse Race Betting

Horse racing has been an organized event in the United States since 1868, following the construction of the first racetrack on Long Island. Many fans of these events feel as if they are personally involved in the events as they invest their hard-earned money on wagers. In fact, there are millions of dollars spent every day on races located in North America. If you’re new to horse race betting, you’ll want to take a look at some of the most common horse race betting tips to protect yourself from crippling losses.

 

Become Familiar With the Horses

 

The first thing you need to do is to get to know the horse. As you get to know how the horse performed in its last races, you’ll be able to make judgements about how the horse will do on a long track. You’ll be able to make predictions about how the horse will handle muddy tracks or how it’ll do if there’s harsh weather. The more you know about the horse’s history of performances, the better prepared you’ll be to make decisions about the race in front of you. In fact, if you can take a look at the history of each of the horses in the race, you’ll have an edge when it comes to making your predictions.

 

Learn What Handicapping Means

 

The next horse race betting tips have to do with understanding how handicapping works. When you take a look at any literature about how to win when placing bets, you’ll immediately jump into information about handicapping. This is the process used to figure out which horse is most likely to win any race. Be aware that you can’t expect to get ahead by using facts and figures or mathematical formulas. As you pull out your Daily Racing Form (DRF), you’ll find that there are a lot of statistics and numbers already provided. This form will give you much of the information you need to make a pretty good guess. For example, right in the middle of the DRF are a series of bold numbers that record how the horse has done in the past. These are called Beyer numbers and show the horse’s pace and speed. Use those horses with the highest Beyer numbers and eliminate any competitors that haven’t come close to those numbers.

 

Purchase Additional Literature

 

 Another valuable addition to horse race betting tips is the idea of buying some additional literature at the betting window. These include the racetrack program that provides a lot of information about the horses, the jockeys, and other members of the team. You might also consider picking up a public handicapper selection. These are often available in the local newspaper. Finally, take a look at the handicapping tip sheets. These publications are usually offered by handicappers right at the race track. If you’re setting your bets online, you may need to pay for a premium membership to have access to this kind of information, but it will all be conveniently available right there at your fingertips.

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