Top Five Tips for Betting on a Horse Race

Have you always been drawn to horse racing? Does the energy, the excitement, and the environment call to you? Do you dream of sitting at the Kentucky Derby, sipping on a mint julep? Have you seriously considered betting on a race and trying to win some serious profits? If you’ve decided to make the leap and beat on a horse race, here are some tips to help increase your chances of success.

  1. Follow the Tiers

You can find many websites that offer recommendations for horses to bet on. On these websites, horses are grouped in to color coded tiers. The horse-betting-tipscolored tiers are displayed as the color of each horse’s program number. The colors on the tiers can range anywhere from yellow to dark green.

On any given tier, horses are ranked from best to worst. It is important to note though that most horses in a tier are on a similar skill level and the distinction between best and worst can be very small. For single race bets, it is recommended to box a horse in the first (dark green) tier.  For multi-leg bets, take all of the horses in the top tier.

  1. Pay attention to the workouts

Beyond any tiers or predictions that you may find, the workouts of the horses are one of the leading ways to gauge a specific horse and where it is currently at. Tiers are good indicator of past performances by the horses, but workouts indicate where a horse is in the current moment.

If two horses have very similar abilities, recent workouts are a good indicator of which of those two horses will prevail. There are various websites on the internet that can give you up to date information on recent workouts.

  1. Know the difference between wagers

If you wander in to a horse race on any given Sunday, there are two different types of wagers you can choose from. These include straight
wagers or exotic wagers. On these straight wagers, you pick one horse to come in first, second, or third. At most tracks, the minimum bet for a straight wager is only two dollars.

Exotic wagers allow the fan to make several different bets on multiple horses on a single wager.  These exotic wagers are generally much more complicated than a straight wager, are much harder to win overall and require a level of understanding of horse racing that a straight wager does not.  They are also much more expensive.  However, if you know what you are doing, the potential outcomes from an exotic wager are much higher.

  1. 3a28ace01368c7e97784ece0612f36c5Know What Bets You Can Make with an Exotic Wager

There are four different types of bets you can make with an exotic wager. These types of bets include an exacta, a quinella, a trifecta, and a superfecta. With an exacta, you are betting on two different horses to come in first and second in an exact order.

With a quinella bet, you’re betting on two horses to come in first and second in any order.  With a trifecta, you’re betting that three horses will come in first place, second place and third place in an exact order. With a superfecta, you’re betting that four horses will come in first place, second place, third place and fourth place in an exact order.

  1. Know What Bets You Can Make with a Straight Wager

There are five different types of bets that you can make in a straight wager. These bets include win, place, show, across the board, win/place or place/show. With a win bet, you are betting that your horse will come in first place. When you bet place, you are betting that your horse will come in first place or second place.

When you bet show, you are betting that your horse will come in first, second or third place. When you bet across the board, you are betting for your horse to win, place, AND show. This is technically three different bets so the cost of your bet will go up. With win/place and place/show, it is very similar to the across the board bet in that you are making multiple straight wagers in a single bet.

Growing up in Louisville, it was hard for me to escape all things horse racing. With a father who made it his yearly tradition to go out and bet on the Kentucky Derby and his weekly tradition to sip on some honey and bourbon, play the guitar and talk about all of the horse races happening throughout the year with his drinking buddies, I grew up with the talk of horse racing in my blood. This tradition and culture has followed me in to my thirties.