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Help on How to Win Money at Horse Racing

Updated on April 30, 2018
sangre profile image

Loves sharing tips and techniques which she feels would help others out there looking for advice.

Horse racing or meetings which is the more accurate name can now be watched on many platforms. You can also place bets on websites and apps now, so there is no need to go to a bookie.

Placing a bet is easy but picking a winning horse that you want to win is not as easy as you expect.

Knowing which horses are the best in that race is important and knowing some of the statistics can help you when choosing a winning horse.

Some people like to pick random horses but others have techniques which they use to help them choose a horse. But no matter how much research you do or how good the statistic are, on the day a lot of things can happen.

Doing a little research prior to placing a bet and looking for patterns in horses performances might give you a clearer picture on which horses to pick.

Every country has their own national horse racing events. Some countries like Australia, Dubai, Ireland, Kentucky and United Kingdom have well known meeting which attract stables, jockeys and visitors from far and wide.


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Fun day at the races

Attending a horse racing event is a fun day out.
Attending a horse racing event is a fun day out. | Source

Horse racing can be traced as far back as 700–40 BCE to the Olympics in Greece.

How to Pick a Winning Horse

Here is some advice on ways to pick a horse which might have a good chance of winning.

  • Any horse which has been named the favourite might not always win. This horse is chosen because they have the background, ability, history and experience to race on this type of turf. Bookies are using the history from other races to determine if this horse has a better chance of placing first.
  • Do your research prior to placing a bet. Look at the background and experience of the horse. Make sure you look at who the trainer is and who the jockey is. If a horse hasn't been considered a contender to win, then they likely won't win. But sometimes miracles happen and an unlikely horse expected not to win could in fact place first.
  • Always go and research the horse you plan on placing a bet on. Nearly all newspapers now are online and have a sports section which will cover information on the horse racing in that race. Check a few newspapers and try to get a good broad outlook on opinions. You might also see a trend happening here when you start searching bookies opinions on the race. If two are three bookies are picking the same horse to win a specific race take note of this horse as they could be a good contender.
  • Check out different online gaming websites that let you place bets online. See what odds are been given for different horses and compare the list of favourites they are listing. Each online gaming site might have different odds and this could work in your favour giving you more or less if the horse you pick wins.
  • Once you have narrowed down a good list of your favourite horses, you now need to analysis who has been the few picked by numerous bookies to win. Again always be aware, that on the days things can happen which impact the performance of the horse. Be cautious with your money, don't bet what you don't have.
  • If you are new to horse racing I advise that you start with small bets. A lot of online websites take small deposits which allows you to only play with what you have. Start with small bets and then if you are lucky you could go up to 10 pounds. Then if you lose this you won't feel devastated compared to if you played 50 pound your first time.

Types of Horse Racing

There are five types of horse racing that takes place today. These are Steeplechase racing, Hurdle racing, Flat horse racing, Point to Point racing, and National Hunt/Jump racing.

Steeplechase Horse Racing

This type of horse racing involves horses jumping over different size fences and ditches on a flat surface.

Hurdle Horse Racing

In this type of racing the horses jump obstacles (hurdles) that are 3 feet 1 inches in height. There can be a minimum of 8 hurdles in a race. This race is run over a flat surface.

Flat Horse Racing

This racing take place over a set distance. It is usually measured in furlongs. It usually takes place in the summer months as the weather is always better then. The surface the race takes place on could be a natural grass surface (turf) or synthetic surface (for all types of weather). Note : 1 Furlong = 220 yards.

Point to Point Horse Racing

This could be described as Steeplechase racing for amateur riders. During the Spring and Autumn in Ireland horses run over fences in the country farmlands. It is not a training ground which is specifically designed for this racing but it takes place in the rustic countryside

National Hunt Horse Racing

This can take place any time of the year but the most popular months for it to take place is from November to April. Horses matured slowly and those who are aged between four to five years of age take part in this racing. The distance is 2 miles and there are a number of obstacles that the horses are required to jump over.


Horses jumping a Hurdle

Steeplechase horse racing
Steeplechase horse racing | Source

Have you ever picked a winner at a race meeting?

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According to Britannica, horse racing began in Britain during the reign of Richard The Lionheart.

Horse and rider focused on winning

Horse jumping a hurdle
Horse jumping a hurdle | Source

Understanding How Odds Work

Have you ever wondered what those numbers are after a horse like 12\1, 20\2 or 7\1. These numbers tell you the odds relating to that horse. Basically it tells you how much you will get for the horse if it places first in the race.

When you see odds of 9/1 on a horse it means that if you bet 1 pound on the horse you will get 9 pound plus the 1 pound you bet on it back. So your winning will be 10 pound.

If you bet 5 pound, you would get 50 pounds back. You multiply 5 pounds by 9 which totals 45 and then you add your 5 pound that you bet to get your 50 pounds.

This is the same theory when the odds are 14/2. What happens here is you divide 14 by 2 which is 7. You bet 1 pound so your winning will be 8 pound.

If you see a horse with odds at 30/1, it means that this horse isn't expected to place in the top three places. This horse is very unlikely to win. The bookies don't have a high expectation of it winning.

But then sometimes the unexpected can happen and this horse could beat the odds to win. This is rare but it does happen.

Conclusion

Like any sport horse racing is meant to be enjoyed. Placing money on any sport is risky.

Lots of things can go wrong on the day. In horse racing as long as you have some basic knowledge of what is behind it, you can pick horses that might have a better chance than others.

There is always that chance that the horse you pick might be a big winner on the day.

© 2011 Sp Greaney

Comments

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    • sangre profile imageAUTHOR

      Sp Greaney 

      6 months ago from Ireland

      @hartense thanks for your advice and tips.

    • hartense profile image

      hartense 

      6 months ago from United Kingdom

      Good sound advice but remember there is only so much time in the day and tipsters do not have time to check everything.

      Don't forget we are human and there are biases.

      As you pointed out there are many types of races and weights changes as there are race courses run on. In addition running on different surfaces and distances makes it a lottery.

      I agree with you and other commentators that you have to do some in depth study.

    • sangre profile imageAUTHOR

      Sp Greaney 

      4 years ago from Ireland

      It sure does steve, :)

    • profile image

      steve 

      4 years ago

      money talks ,

    • sangre profile imageAUTHOR

      Sp Greaney 

      5 years ago from Ireland

      @ foodandculture, thanks for you comment. You are correct when you say that, and I think sometimes doing your homework in advance of going to the races is a good idea.

    • foodandculture profile image

      foodandculture 

      5 years ago

      Horse racing is such an exciting sport to watch! What makes it even more exciting is if you have some bets to watch out for. However, we must not rely solely on luck if we wish to win from some horse racing bets. We must also study each horse, their performance, how the jockeys manage the races, etc. Of course, it also goes without saying that the horses' racing history should be taken into consideration, too.

      For more information on horse racing bets, you can visit http://au.freebets.com. This site has regular updates about free bets and bonus offers.

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