Horse racing has become one of the most popular sports in the world, and it comes as no surprise that the horse betting industry has grown tremendously in the past few years. There are a lot of things that horse racing bettors can do to improve their odds of winning, but there are also some things that they are doing wrong.
In this blog post, we’ll outline five of the most common mistakes that people make when betting on horse races. Hopefully, by reading this you can avoid making these same mistakes and start seeing better results from your bets. So, without further ado, let’s get started!
Betting Without Doing Research
A big mistake that should be avoided at all costs, and is relatively easy to avoid, is betting without doing any kind of research first. Without doing research, you are walking into the race-blind. You have no information at your disposal that could indicate which horse is the best to bet on.
When it comes to horse racing, research is everything, and you can quite literally research everything that could affect the result of the bet. A good horse racing guide will provide information on how much experience the horse has, how its performance in previous races was, which track it does best on when it last had a rest and more. All of these factors help tremendously in reducing the chance of making a bad bet.
Not Understanding the Going
One of the biggest mistakes that horse bettors make, especially those who are new to horse betting, is not understanding the going, or why it’s so important. The going is the condition of the track that the horses will be racing on. Why is this important? Because a horse might do well racing on one going, but might do terribly on another.
This is why it is so important to know what sort of horse you will be betting on, is going to be racing on. More than this, you should also try to identify what sort of going the horse does well on, and which it does badly on, to know when to bet on that specific horse.
Not Analysing Winning Positions
The second biggest mistake that those new to horse betting make is not analyzing the winning positions. What does this mean? This means that many bettors will see that a horse has won the last few races, and proceed to bet on that horse without doing further analysis as to why the horse was in the position.
You might find out through an analysis of the last few races that the competing horses don’t do so well on that specific going, but the winning horse did. Another mistake is thinking that the winning horse will always win again. For example, a horse that came second last might win the next race since it just came off from a break, and has just reached its form.
Betting on Unfit Horses
A common mistake that horse bettors make is just betting on any old horse or choosing a horse that they didn’t realize was unfit. How do you tell if a horse is fit or not? That horse will most likely have a very dull coat. You should also look out for signs that the horse is feeling anxious or nervous.
These horses will most likely be walking around in circles, rearing, biting, and pacing, which will tire the horse out before the race. Betting on a horse that has tired itself out, and is unfit, is a recipe for losing the bet.
Not Varying Bets
Finally, the last tip on this list is not varying your bets or taking advantage of bonuses, both of which could cause you to end up making less money than you should. When it comes to varying bets, you should mix up win bets and place bets, since the horse you are betting on won’t always win, and might come second, which is why place bets are important.
In addition to this, you should use bonuses to your advantage. If you are a new player then you can use the welcome bonuses to make free bets, and if there are bonuses on races that could lead you to earn more if winning, you should try them out.