Why are betting/casino strategies so important? – How they can help you
If you are betting without any form of horse racing betting strategy, it is likely you will lose in the long run, unless you are a super lucky player! The first thing any bettor should do, before betting, is to adopt some form of the best horse betting strategies to their own!
Choosing the right horse racing strategies for betting can often be the “make-or-break” factor when it comes to your overall success as a bettor.
Different kinds of strategies – hundreds of years old!
There have been many kinds of strategies formed over the years by successful bettors. Some are complex, some are simple. Take the martingale strategy, for example, this strategy is probably the most infamous within the world of sports betting. Despite being developed way back in the 18th century, this strategy is still practiced to this day. Look it up online, and you will see. However, as appealing as it is, and it does arguably work for a duration of time, it is mathematically doomed to fail at some point.
Other popular strategies include:
Arbitrage betting – a sure way
Arbitrage betting, also called Sure betting or “Arbing”, is a horse racing betting strategy used by betting on several horses in one race, taking the best odds different bookmakers have to offer, to ensure you win regardless of the outcome. You can also “Arb” using Betfair exchange, by selling your horse bet at a lower price to players on their exchange. Arbitrage is one of the most well-known horse racing strategies.
Following the market – popular method
A typical “market follower” will be a guy who will bet a horse that has been betted on heavily. This factor appeals to some bettors, as they feel whoever has initiated this gamble must “know” something? This is a horse racing betting strategy that is very successful if you are one the first to bet on the gamble and capture the biggest odds!
Value betting – a successful strategy
Value betting is a strategy based on, as the name suggests, betting on selections that are considered value odds. Value betting has been proven to be one of the most successful, dependable strategies to choose from.
How a bettor determines what is or is not a value bet will depend on their perspective and strategy. Although value betting is a strategy in itself, the strategy will also involve other strategies required in order to define a value bet.
Using betting software – makes things easier
There are many forms of betting software, for many purposes. Each can be used for strategies such as hedging, value betting, Betfair trading, Dutching, middling, tipsters, and so on. Almost all these techniques can be applied to horse racing strategies.
Who should make use of our horse racing betting strategies? – New and experienced horse racing bettors
The horse racing betting strategies found on our site will cater to all different kinds of bettors. We will supply a horse racing betting strategy that can be applied to all levels of experience. We suggest you have a read through our top 5 betting tips on this page, so you can reach a solid conclusion on your approach.
When trying to figure out the best horse racing strategies for betting, one of the most important factors is making a choice that you are comfortable with. After all, there’s little point in devising a plan to use the best horse betting strategies if you cannot sustain it or use one that fails early because you have chosen the incorrect staking plan with your horse racing strategies.
Our top 5 betting tips for the best horse betting strategies – explained in detail
We’ve given you five top tips to look for and learn before setting out to start profiting from your horse racing strategies. They’ll be many more to come from horsebetting.com , but here’s some important ones:
Betting terminology – A quick breakdown
- American odds
American odds are different to other global odds formats. The American moneyline odds are displayed as +500, for example. +500 is the same as 6.0 on a betting exchange [see below], or 5/1 in fractions.
- Betting exchange
Betting exchanges, such as Betfair, are platforms where bettors can directly bet against each other. Betting exchanges create a plethora of possible betting strategies, a platform you can use in combination with your sportsbook bets and “sell” part of your sportsbook free bonuses, as withdrawable cash. Betting exchanges work using decimal odds formats. Please look out for articles on this site.
- Bonus
Sportsbooks offer enticing bonuses for new players and are a positive addition to any horse racing betting strategy. These can usually be very profitable, especially if combined with the best horse racing strategies for betting.
- Handicapper
The person who decides how much weight a horse must carry. This usually increases if a superior horse is running in a lower-level race.
- Negative numbers
When a team or selection is much more favored than the opposition, it can reach favorite status and the odds become negative numbers. Negative odds are if you bet $10 and win any less than $10 back. $10 at -105 would return $9.52, in winnings, plus your stake back.
- Nickel
“Place me a nickel on the Dallas Cowboys”, would mean a $500 bet.
- Scratch
A horse that is no longer running in the race.
- Steam
When the odds fall a lot for one horse, due to lots of money being placed on it. A solid horse racing betting strategy to follow, especially if you snatch the bigger odds early!
- Vigorish
The horse racing betting strategy the bookmakers play on us! Often called “Vig”, the percentage a bookmaker takes from a market. For example, two teams both have odds of –110 each. Also called “juice”, or overround.
Notes of caution – A heads up
We must make you aware before you choose, or refine your horse racing betting strategy that nothing in the betting world is guaranteed, nor 100% risk-free. Things can happen, such as mistakes.
Human error – Rare, but inevitable
Even some of the most experienced bettors have been known to make mistakes while working on their daily horse racing strategies. The most common area of cause is betting on the wrong selection, by mistake.
We’re not robots, so there is always the small risk of human error within any successful horse racing betting strategy. The frequency of mistakes happening can be minimized by double-checking your bets, writing things down, and simply not rushing! Get organized, and the chances of this unwelcomed misfortune happening will be reduced.
Staking – Take things slow
Other areas of caution when placing bets using a horse racing betting strategy is staking the correct stake, again, presenting the possibility for human error. Horse racing strategies stand a better chance of surviving if you are careful with your staking plan.
Even when you have worked out your correct stakes, plan your unit stakes well, especially for a new horse racing betting strategy. Test how things go before increasing any staking plan. We don’t suggest testing this for a day or two either, the longer the better, ideally.
Trust the process – Stick to the plan
Tiger Woods made this line famous when he surprisingly changed his golf swing, at the height of his dominance. Tiger was referring to “patience”, and sticking to a plan, and betting is indeed no different in this regard.
We all have the “patience of a saint” when we are winning bet-after-bet. However, when the chips are down and you’re going through a bad spell, it can become mentally challenging. If you have taken time to devise a solid horse racing betting strategy, you will no doubt find it easier to “trust the process” in these situations, rather than panicking before eventually quitting.
Conclusion – Don’t bet without strategy!
Do not even start betting without a strategy! You should take your time when creating your first horse racing betting strategy if you want to be successful. Too many bettors leap into the world of betting and wonder where they have gone wrong, mainly because they have had no horse racing strategies to rely on and place their bets aimlessly.
Take the time to read our guides when figuring out which horse racing betting strategy will serve your needs best. After all, there are plenty to choose from! It’s better to invest time making a plan, rather than dive in deep and be regretful. All successful horse racing strategies start with a solid plan. Good luck!
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