Horse Racing Betting – Strategies & Tips for racing bets
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Contributing Rugby and Cricket Editor
Contributing Rugby and Cricket Editor
Bringing specialist expertise in rugby (both league and union) and cricket, Ella Miller is a dedicated member of the Wetten team with years of experience in creating betting-related content. Having started writing about sports with her own blog while at university studying journalism and, post-graduation, turned her wordsmith abilities to writing for a variety of different sites. She joined the Wetten team in 2019 and is now a Contributing Editor for various sections of the site. When she's not working for Wetten, Ella loves attending any rugby or cricket match she can get to, horse riding, and tending to her garden.
How to bet on horse racing?
Are you looking for the best horse racing betting strategy India? You have come to the right place. If you are a new punter, perhaps the first question in your mind would be how to bet on horses in India? Is it legal? Horse racing has been in India since the ancient times of kings and royalty. In fact, it was their favorite past time and reflected their luxurious living. Today, however, the scenario is different.
Unlike other gambling, horse racing is not considered as an illegal activity, and there are a couple of land-based horse racing clubs which are allowed by many states in India. Online horse racing gambling is a little different as most users gamble on a betting website which is authorized and regulated by an international provider like Malta Gaming Authority. Wherever you play, online or offline, the strategy for horse racing plays a crucial role in winning big. Our guide will try to help you understand it properly.
You would learn the best horse racing betting strategy India, which includes layering the favorite and dutching.
You will be able to differentiate between value betting specific to horse racing bets and value betting of other sports.
You would understand how to bet on horses in India by using these strategies.
You need to always keep in mind that winning in gambling is never just all about luck. It is through good strategies that one can win online betting, and this rule also applies for horse racing. There are some popular horse racing strategies you must know and they form an important part of any guide on how to bet on horses in India. The best horse racing betting strategy India depends on a lot of factors.
Popular and tried and test horse racing betting strategies
Layering the favorite
In this strategy, you do not bet for your favorite; instead, bet against your favorite. It may sound bizarre, but the fact is only one-third of favorites, in reality, win a race. On average, they lose more than winning the race. But this does not mean you can blindly lay your favorites. Think of it this way, when you don’t bet on your favorite, you will win the money. Although it is going against the basic principles of gambling, this strategy if implemented properly can make you decent profits over time. A horse is considered the best one because most of the people’s money is on that horse, but it never means it stands the highest chance of winning the race. As a punter, you should be checking out all those weak favorite horses at prices less than 3.0. Anything above this makes the risk-reward ratio unfriendly. For this strategy to work, we assume you know the market inside-out and know how to interpret it correctly. Factors like the previous record, weight of the horse, ratings, jockey bookings, etc. help in assessing if the favorite is or not weak.
According to this strategy, no matter how many horses you bet on, you win the same amount of money, irrespective of which horse wins the race. This is a popular betting system that involves maths as well. It proves to be very helpful if you have a set amount you wish to wager and want to back up more than one horse or selection.
First, you need to decide the amount you wish to bet and also have a plan on how you would divide your stake to assure you will earn a profit, no matter what the outcome of the race is. For instance, you set the amount of INR 1500 to wager, and you see two horses with odds of 9/1 and 4/1 respectively. Ideally, you would want to divide INR 1500 in a way so you can bet INR 750 on one horse and the remaining INR 750 on another. But as per the dutching strategy, you need to make a plan in a way you can cover both the outcomes and gain equal profit eventually.
As the name suggests, you get value or quality in the price you pay. This strategy is not exclusive to horse betting but can be used to earn some decent winnings. As per this strategy, the punter needs to evaluate if a selection is under-priced. By under-priced, we mean that the bookmaker has underrated it by offering an odd price, for instance, 3/1, but your own homework says it would be 4/1. In value bet, you select the higher odds to get a better value of your bet.
You need to have tremendous knowledge and experience before you can spot this value. You would at least need to perfect your handicap practices and ensure your calculations are right and have a support of past statistics and proofs. However, the simplest way of finding out value bet is by comparing who is offering higher odds. You could use our comparison tool for this purpose and know who offers higher odds and use this strategy accordingly. You could also manually compare the odds or use arbitrage software for the same.
Building your own strategy
Strategies are different, and no one strategy works for two punters. There is no concept like best horse racing betting strategy India. In other words, there is no perfect one. It is only with time that you learn what works best for you. Once you are ready with a sizable bankroll, you can start exploring with any of the strategies we discussed here. With practice, you can one day find the best horse racing betting strategy India for you!
A few betting tips would be to set aside a fixed amount for betting. It is a gambling budget and it should be made after all the essentials have been set aside from your monthly income. With a good organization of budget, you will never lose a lot of money. Secondly, if you doubt a particular race, or you aren’t able to distinguish between the challengers and weaker ones, it is better not to bet on that race. It makes no sense to stake without knowledge. And lastly, never try to compensate for your losses by placing more bets. Eventually, in this way, you will end up losing a lot of money.
What other betting/casino guides and strategies are available?
It is well documented that winning on horses just does not come with your gut feeling. You need to have a good strategy in your hands. You can find a lot of strategies online which claim to be fool-proof strategies or the best horse racing betting strategy India and promise to bring you winnings. However, while you can learn strategies and how to bet on horses in India, it takes time and experience. Only after investing some time and effort, can you build up your own strategy.
There are no strict legal ramifications if you engage in horse racing bets. Each existing horse betting strategy requires an in-depth learning of the sport. By being active in horse racing and following the sport, you can steadily build your own strategy. With a good learning attitude and our resources, you can increase your winning potential significantly while still having fun!