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Tips on How to Win Money at Horse Racing

Updated on June 29, 2020
sangre profile image

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

In recent years, horse racing has become so much more popular. Yes, there have been a lot of issues regarding the death of horses during a race or it dying after a race but improvements are being made. For many people it is seen as a yearly event that they can enjoy with their family or friends.

If you don't feel like traveling to race meetings, you can instead stay at home and bet from the comfort of your living room as many bookies have online platforms. Paddy Power, BetFred, Ladbrokes, Betafair and William Hill are bookies that most of us now recognize. You can place a bet on any horse race anywhere in the world without ever having to attend a meeting. Once you open an account, you deposit money and then you sit back and choose your lucky horses.

Betting Techniques

When it comes to betting on a horse, each of us has a different technique. Other people might just randomly pick a horse that has a name that they like. Some people might analysis the racing profile of the horse. Some people will choose a horse based on who the trainer is. Some people are methodical and look at all the statistics of the horse to see how it performs in different situation under different condition. Whichever method you choose, at the end of the day, you want to win money.

Some Minor Racing Tips to Know on the Day

If you are going to pick a winning horse, then here are some things you should have an idea of before you attend the race meeting. Knowing the answers to these things could give you a head start on picking a winner. This will involve a bit of research before the race.

  • Find out which trainers have the the most wins at different races.
  • Find out if the horse performs better on a dry track or a wet track.
  • Do some research on the jockey and see how he/she has performed in previous race meetings.
  • Find out if the horse gets nervous around other horses at the pin.
  • Look at the performance of the horse for the past year and see how it performed at different race meetings.
  • Look at the odds for the horse. If the odds are quite high at 30/1, then it means that the bookies don't expect it to perform well on the day. A horse that has odds of 2/1 means that there is high expectation around it winning. Bookies give low odds so that if the horse wins, they don't have a large pay out. Also the closer it gets to the race, the more the odds win. So you need to place a bet as early as you can.

But whatever you do, always remember that on the day unforeseen things can happened and no matter how much people predict one horse will win, another could take the trophy.

Source

How to Pick a Winning Horse

To pick a good horse on the day of the race meeting you will need to do some research in advance.

  • If you can, try to view the race card on the morning of the race to see which horses have been listed as the favorite ones to win. The reason these horses have been chosen is because they have the background, ability, history and experience to race on this type of track. Bookies look at the horse’s background, its parents and its previous race history to determine if this horse has a better chance of placing first on race day.
  • When placing a bet always err on the side of caution. Do not put all your money on one horse. Look at the horse’s performance. Do your research prior to placing a bet. Look at the horse's background and experience. Make sure you look at who the trainer is and who the jockey is. A trainer who has a lot of horses win at different race meetings usually has a better chance of having a winning horse. It is very rare for a first time horse with a new trainer to win a race. If a horse hasn't been considered a contender to win, then they likely won't win. But sometimes miracles can happen and an unlikely horse not expected to win could in fact place first.
  • Once you have picked the horse that you are going to place a bet on you must go away and do your research if you have not already done so. You've picked this horse for a reason, so you must be sure of it winning. Look online at the sports section of different newspapers and see what odds are listed for different horses for each race. Usually there will be a pundit who will have a list of the horses he might expect to win on the day. Check a few newspapers and try to get a good broad outlook on the reviewer’s opinions of each horse. Look for a trend that highlights which one horse is coming up more than once as the one the bookies favor. If two or more bookies are picking the same horse to win a specific race, take note of the name of this horse as they could be a good contender.
  • Check out different online bookies like Paddy Power, BetFred, Ladbrokes and see what odds that they are showing on the day. Online platforms can have lower odds compared to bookies at the venue so be aware the winnings might not be as high. Again their odds will be different for the horses compared to the bookies at the venue. Also they will have a list of their own favorites that they expect to win.
  • Once you have narrowed down a list of horses that you plan to pick for each race and you have places bets on them just sit back and enjoy the race. Again always be aware, that on the days things can happen which could impact the performance of the horse. Always be cautious with your money, don't place a big bet with all your money on one horse on the day.
  • If you are new to attending race meeting, then it is better to start with a fiver compared to fifty pound. If you are using an online platform, then they take small deposits which allow you to place bets with what you have lodged in your account. If you start winning then of course increase your bet to £$€10.00. Then if you do lose you won't feel devastated compared to if you had played £$€50.00 the first time around.

Race Meetings From Around the World

Every country from around the world will hold their horse races in cities throughout the year. But there is always those big race meetings that will be seen as worldwide events that many trainers as well jockeys will want to compete in to win big.

Race Meetings Worldwide

Ireland
United Kindgom
South Africia
The CurraghThe Curragh Irish Derby Festival
Ascot
The Gauteng Summer Cup
The Listowel Harvest Festival
Cheltenham
Vodacom Durban July
Punchestown Irish National Hunt Festival
Aintree
Greyville Racecourse
Galway Summer Festival
Newmarket
 
Fairyhouse Easter Festival
Epsom Downs
 
 
Doncaster
 
 
Kempton Park
 
 
 
 
 
 
 

Have you ever bet on a horse?

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Race Meetings Worldwide

United States
Australia
Kentucky Derby
Melbourne Cup
Preakness Stakes
Canterbury Races
Belmont Stakes
Queen Elizabeth Stakes (Royal Randwick)
Travers Stakes
W.S Cox Plate ( Moonee Valley)
Breeders’ Cup
Newmarket Handicap (Flemington)
Arlington Million
Caulfield Cup
Arkansas Derby
The Golden Slipper Stakes
Santa Anita Handicap
Victoria Derby
Pacific Classic Stakes
 

Fun Day at the Races

Winning on the day required planing and research.
Winning on the day required planing and research. | Source

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

Have you ever picked a winner at a race meeting?

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Horse jumping a hurdle
Horse jumping a hurdle | Source

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

How Horse Racing Odds Work

The odds for horse racing look like this 7/1, 1/2, 2/1, 9/1 or even 30/1.

The ways that these numbers are listed tells you how much you will win if you place a bet on that horse. If the odds are high at 30/1, there is less chance that this horse will win. However, if this horse did win and you put a bet of £$€5.00 on it, then you could win £$€155 pound.

Example of How the Odds Work

Example 1

For example if you see the odds listed as 9/1 on a horse this means you will win £$€10.00. This is made up of the amount you bet which was £$€1.00 and the amount you won £$€9.00.

Example 2

Another example involves you placing a bet of £$€5.00 on a horse with the odds of 9/1. Your winnings are going to be £$€50.00. You multiply £$€5.00 by 9 which gives you winnings of £$€45.00 and then you add the amount you bet which was £$5.00 and your winnings is £$€50.00.

Example 3

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 £$€5.00 so your winning will end up being £$€40.00. That is £$€7 multiply by £$€5.00 which is £$€35 plus you get back what you bet which was £$€5.00

If you see a horse with odds at 50/1, it means that this horse isn't expected to place in the top three places and it is unlikely that it will win according to the bookies.

Conclusion

Horse racing is not for everyone. But if you do enjoy going to race meetings then it can be a fun day out for everyone. It can be quite exciting to place a bet on a horse and for your horse to win.

Of course there are risks involves like any sport and it is up to the organisation to keep making improvements to ensure the health of the animals is protected.

References

Cheltenham (2019) Equine Deaths Rises To Three but Overall Safety Record Improves on

Last Year Tom Morgan, - https://www.telegraph.co.uk/racing/2019/03/15/cheltenham-2019-horse-deaths-rises-three-overall-safety-record/

The ten biggest races in US horse racing right now - (2018) William Hill NewsWilliam Hill https://news.williamhill.com/horse-racing/guide-best-horse-racing-events-usa/

Irish Racing.com, Cards, https://www.irishracing.com/v5cardsinfo

© 2011 Sp Greaney

Comments

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    • sangre profile imageAUTHOR

      Sp Greaney 

      7 days ago from Ireland

      @ Mona Sabalones Gonzalez, I've seen those as well. I hope you get to fulfill that dream, it would be a great memory to have.

      @MG Singh, that's quite an achievement. It must have been rewarding to have been part of such a great event.

      Yes, betting is part luck, part strategy. Be great to go to them again once they reopen them to the public.

    • emge profile image

      MG Singh 

      7 days ago from Singapore

      I am fond of riding since my academy days. I was also member of the royal Western India Turf Club for five seasons when I was in Bombay never won anything though I bet a lot

    • grand old lady profile image

      Mona Sabalones Gonzalez 

      7 days ago from Philippines

      I remember reading the books of "National Velvet" and watching the TV show. It introduced me to the world of horseracing. I also remember the movie My Fair Lady which had a scene at Ascot. I love horses but have never ridden even one. My dream is to ride just once on a big horse.

    • sangre profile imageAUTHOR

      Sp Greaney 

      13 months ago from Ireland

      @Gupi, thank you for your comment.

    • Gurpinder Vir Singh Rai profile image

      Gupi 

      13 months ago

      Interesting article, thanks for sharing.

    • sangre profile imageAUTHOR

      Sp Greaney 

      2 years ago from Ireland

      @hartense thanks for your advice and tips.

    • hartense profile image

      hartense 

      2 years 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 

      6 years ago from Ireland

      It sure does steve, :)

    • profile image

      steve 

      6 years ago

      money talks ,

    • sangre profile imageAUTHOR

      Sp Greaney 

      7 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 

      7 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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