Horse Racing Betting Guide | Horse Racing Tips

Horse Racing is a very popular sport in the betting world; With so many fantastic events and varied odds on racing, it is a staple sport for most bettors. Due to the abundance of betting tips and advice floating around online, trying to determine which horse to back and which bet is best can be overwhelming. It’s here OddsMonkey running to help, as we offer a complete horse racing betting strategy that will not only introduce you to the sport but also look at the odds, terminology and strategies you can apply in your bets! OddsMonkey can help guide you through Horse Racing and jockey jargon, clued you in on some phrases and terms that may not be part of your everyday dialect.

Horse Racing Terminology

If you are reading this article, we will assume that you are a beginner in horse racing betting. Therefore, we will discuss some specific terms used by bettors in this sport. Some of this terminology may be unknown even to more experienced bettors who have not delved further than simple betting. The following are some key phrases to pay attention to when betting on horse racing:

• Form – A term used across a variety of different sports. The form shows how a team or competitor has competed in the last few shows. The form in horse racing is slightly different from other sports because there are numbers and letters that have different meanings. The numbers 1-9 represent their finishing position in the race, and if they finish in 10th place or below, they will receive a score of 0. F is used for a horse that fell while running, U for a jockey who did not sit, P for being pulled up, C for being taken out of the race, R for a horse refusing to jump over a hurdle, RR for a horse refusing to run completely, B for a horse being knocked down by another horse falling and V meaning the race was cancelled.
• Handicap – In horse racing, a handicap race is a race in which a horse carries extra weight to even the playing field. This is because the horses must finish in a straight line for the race to be theoretically even. A 70 pound horse must carry 2 pounds more than a 68 pound horse. Handicap horse racing is contested at every level, although more so at the lower levels than at the upper levels. All the major meetings throughout the year, such as Cheltenham and Royal Ascot, have their fair share of obstacles.
• Non-Runners – Horse racing cards are announced, and all horses involved are named. If one of these horses suddenly becomes ill, injured, or underfed before a race, they will be labeled a Non-Runner. Most bookies will refund any bets placed on horses that are not runners.
• Odds – Odds in horse racing represent the implied chances a horse has of winning the race. The forms can be different, such as decimal styles like 2.0 or fractional styles like 1/1. Decimal odds simply multiply the bet by the number, meaning if you placed £10 on 2.0, the bettor would receive £20. Fractions are harder to understand. The number after the slash will represent how much you need to bet to get the number before the slash; for example, 7/2 would return £7 if you bet £2 and £3.50 if you bet £1. The odds can be slightly different for each way bets, which is why we included bets one way calculator to our site.
• Finish Photos – Some races can be very close between 2 or more horses, meaning the finish line will have a camera on it that can measure right down to the hair on a horse’s nose! The camera takes a photo as each horse crosses the line, with a reflection on the other side, which then allows the judge to decide which horse crossed the line first.
• Race Card – If you have ever visited a racetrack in person, you will be greeted with a physical copy of your race card upon entry. This race card includes information on all the different races throughout the day, along with horse performance and up-to-date performance data. Racing cards are a brilliant tool for anyone looking to place a bet on horse racing, as they come with a ton of information!
• Rule 4 – When a horse is removed from a race after a market has been created, Rule 4 adjusts the price of the horses to their new chances of winning, as a decrease in one horse’s chances of winning may increase another horse’s chances of winning. This only changes some of the favorites in the race, and any horse priced at 14/1 or more will have no price change. OddsMonkey has included a Rule 4 calculator to help users understand how opportunities are affected.

Types of Horse Racing Betting

Horse racing betting sees some common elements with other types of betting, such as football betting And cricket betting. Some of the most popular betting types include:

• Single – This individual selection only covers one horse or racing market.
• Multiples – As long as a bet has more than 2 options, it is classified as a multiple. It may be treble, but it’s there too Lucky 15 betwhich includes many options.
• Full Cover – Similar to an accumulator, but covers a wide range of combinations, so one selection doesn’t ruin the entire bet.
• Accumulator – Multiple selections combined into one bet, where all selections must win to return value. Use ours accumulator calculator to find out your chances.

Horse Racing Betting Times

Betting on horse racing events requires excellent timing and time management because horse racing takes place over a short period of time. If you place a bet on a horse to win a race a few months before the race takes place, unforeseen circumstances can cause some problems for you, but this can also work in your favor as the odds may decrease! Here are some horse racing timing terminology you should know:

• Ante-Post – This type of bet is placed before the race starts. Ante-post betting most are placed at bigger events such as Cheltenham, where markets are created earlier.
• Starting Price (SP) – At the start of a particular race, the price of each horse is recorded. This is the most common betting time for visitors to physical racetracks.
• In-Running – This is the horse racing version in-game betting. If the race has already started, bettors can place bets on specific horses throughout the race.

Horse Racing Betting Strategy

There are many different betting strategies that can be used during horse racing. With some strategies working for others and some not working for certain styles, you will be able to find a strategy that suits your betting style. Here are some of the most popular betting strategies in the betting world:

• Dutching – This is when you back different outcomes at different bookmakers; Dutch is common in team sports such as football or rugby. In horse racing, bettors may only believe that two horses can win the race and may use both to cover both markets.
• Hedging – Hedging involves backing multiple markets to narrow down the competition with your bet. This is similar to Dutching, but is usually done in horse racing to minimize the total loss of bets made.
• Matched Betting – Matched betting has been on the rise over the last few years, with many bettors taking advantage of the various bonus offers and sign up offers that online bookmakers provide them with. There are many different ways to get involved matched betting. The basic idea of ​​matched betting is to place a ‘back’ and ‘lay’ bet on each side of the bet, meaning there is no chance that the bet will not be returned.
• Value Betting – Value betting focuses on identifying odds that appear higher than the actual probability of a horse winning a race. Unlike matched betting, which relies on the bookmaker’s promotions, value betting is based on analyzing market form, conditions and prices to find picks that the bookmaker may be overpricing. While value betting does not guarantee profits on individual bets, consistently spotting value odds can yield positive profits in the long run.

Horse Racing Betting Summary

Horse racing is one of the more complex sports, with niches and bits of information that can be quite difficult to remember. Whether you are betting or just watching, there are many things to consider.

If you’re interested in more horse racing betting content, OddsMonkey is also the home matched horse racing betting guidewhich introduced the concept of matched betting to the sport of horse racing!