Horse racing is one of the most-watched and wagered on sports in the world and online sites catering to bettors are a great way to start placing bets and generating returns. With online horse racing betting, you will have the ability to place multiple bets and enjoy the benefits of live racing as well as simulcast racing events from all over the world. However, please note that due to the Interactive Gambling Act in Australia, any form of live betting cannot be conducted online.
This sport is one that attracts thousands of real money bettors and with some exceptional events, betting options and odds, you will have no problem finding amazing opportunities to cash in on even the smallest real money bet online.
Horse racing today is one of the exciting options supported at a number of trusted sites throughout Australia and all over the world. In the past, you would have had to deal with a bookie or a land casino or betting location to place wagers. Now, with online betting options, you can enjoy all of the greatest racing events from all over the world and can even benefit from tips and tricks for success as well as strategies when placing bets. For example if you want to bet on major Thoroughbred horse races such as the Melbourne Cup in Australia, you can have a look at our complete guide to get more information about Melbourne Cup betting, odds, tips and betting types for this Group 1 race. Many of the leading betting sites will also offer tips of the day that are perfect if you are a new bettor.
How to Bet on Horse Racing Online
After choosing a bookmaker, you will start to place wagers on events and benefit from awesome odds and great payouts. The entire process is pretty simple, though it may look complicated at first. Luckily, most of the top-notch betting sites have great tips and tricks to offer that can be very beneficial as a new punter. You will also find these sites to offer ongoing news, updates through the main site or through a Twitter app. This provides you with the latest horse racing results, all odds and stats and other useful information that can come in handy when betting.
Online betting sites will make use of a Bet Slip, which will be displayed on the screen so you always know what bets have been placed. To start placing your wagers, you will select horse racing from the menu and choose an event. You will then see a list of horses that have been entered, and based on information collected, you will place your bet based on what horses you believe will win. You will have the ability to choose a bet amount and the total bet will be confirmed. Once it is added to the bet slip, the bet will be active. You are free to add multiple bets to one slip for more racing excitement.
Before you start, it is essential for you to know how to bet on a horse. This implies understanding the different bet types, which are covered in the next section. To become familiar with the process, there are some respected sites that offer special betting, where you can have a virtual Bet Slip and bet on virtual races at no cost. This is perhaps one of the easiest and fastest ways to start learning about online horse betting and all of the options that can be enjoyed.
It is important to remember that in order to place a real money wager, you will have to have a funded account with the chosen sportsbook. Most of these sites will accept major payment methods, which can include debit cards, Skrill, Neteller, prepaid cards and bank transfers. With a funded account, you can easily access the bet slip and start wagering on some of the most exciting horse races offered online.
Horse Racing Betting: Options and Variants
When you first visit an online bookmaker, you will be presented with a variety of betting options for each race that is selected. If you are new to betting, it is better to stick with the most basic bets until a strategy has been developed and you have reaped the benefits of horse racing tips for beginners. There are some great odds that can be enjoyed when betting on horse races online, so starting with the basics will provide the perfect building blocks to advance to other betting options and have additional chances to generate returns.
Horse Racing Betting Types
There are 9 basic betting options that will be offered with each and every race that is featured online. By learning about these, you will be prepared to start placing those real money wagers to capitalise on some outstanding returns. With help from other bettors that can be obtained from forums and even from reading betting books, you will soon develop the right strategies needed to place successful bets with every race. The following describes the basic bets that are offered and these can all provide great payouts and endless betting action and excitement.
- Win Bet – This is a bet on one specific horse and you will receive a payout if that horse finishes first in the race.
- Place Bet – With this, the horse you select has to finish in first or second place to receive winnings.
- Exacta Bet – Here, you will be choosing two different horses in the race and these must finish in first and second place in the same order that has been selected.
- Quinella Bet – This is very similar to the Exacta Bet in that your selected horses will have to finish in first and second, but the order does not matter.
- Trifecta Bet – Here, you will choose three horses to finish in first, second and third place and they must finish in the exact order.
- Daily Double Bet – This consists of choosing two horses from every race that is listed as a Daily Double race. Both of the selected horses will have to finish first.
- Pick # Bet – With this betting option, you will choose a horse from the Pick # race as well as one from all following races. The horses that have been selected must finish first. Most race tracks will support Pick 3, 4 and 6 bets.
- Superfecta Bet – This is a bet on four horses and they must come in the top four positions in the order that has been chosen.
- Super Hi 5 Bet – This involves selecting five horses that will have to finish in first through fifth in the exact order.
There are also other great options in addition to these basic bets. The straight bets of Win, Place and Show are the simplest to make and as a beginner, you will have the best chances with these bets. As you gain experience and benefit from horse racing bets and tips, you can start placing other special bets. These can include multiple race bets, Parlay and Accumulator bets, Jackpot bets, Futures and more.
The key to success is gathering the right information, the top horse racing tips and stats and making wise decisions. With some basic tips for beginners and some practice, you will quickly be able to place wagers and benefit from outstanding odds and payouts at some of the best betting sites operating online.
Choosing Horse Racing Betting Sites
In order to be successful when betting on horse racing, you need to choose a respected and reliable betting site. There are many online sites that offer sports betting as well as in-play betting, but they are not all good choices. When you decide to start wagering real money, make sure to choose a site that is licensed and regulated and is well known for its horse racing features and odds. As mentioned earlier, bet365 and Ladbrokes are two of the most accessed horse racing betting sites and these sites both offer a great array of casino games as well.
There are a number of factors to consider when selecting an online sportsbook or racebook.
- Legal Protection: First, you must make sure the site is operating legally and offers punter protection.
- Payment Methods: You also want to review the different deposit and withdrawal options that are offered as well as the times for processing transactions.
- Races: You will want to know what types of races are covered and what featured tracks are offered. The best racebooks are those that offer multiple races from tracks all over the world.
Even after visiting an online racebook, you may not be able to determine whether this site will meet your needs. Since online betting is a competitive industry, the leading sites will put much time and effort into designing attractive landing pages. They set favourable odds and will provide a great first impression. However, choices cannot be made on looks alone. One of the key things to look for when choosing a horse racing betting site is whether it has been audited by an independent company. It is also important to learn the track record of the site, which can be done by reading site reviews and accessing information in forums. Always avoid betting at the first site you enter. Take the time to look at the different odds and compare that with other sites.
Beginner Horse Betting Tips
If you are a new bettor, you may find the whole process overwhelming. There are many betting options, so many sites offering services and tons of information that needs to be collected. However, do not let this scare you away from one of the most exciting betting experiences available. Horse racing is a fun sport that can offer amazing odds when bets are placed and these odds can generate some stunning payouts. There is a range of sources that claim to offer the best horse racing tips out there, which makes it difficult to get keep an overview of where to find suitable horse racing betting tips.
With these horse racing tips for beginners, you can quickly get started at a respected online bookmaker and start reaping the benefits of online horse racing betting action.
Horse Betting Tips for Beginners
One of the important things to do is to learn how to properly manage a bankroll. While it may be appealing to place a large bet to get the huge return, you will benefit from small bets when you begin. The most common increment placed on horse race bet slips is $2, so this is a good starting point. These low bets can still produce handsome payouts and will extend the bankroll and allow for more bets to be placed. An easy way to get started is by betting on the favourite. This is beneficial if you do not have the knowledge of other bets or how to place them. A favourite bet will win about 33% of the time, so these are pretty good odds for beginners.
Many who are new to horse racing will place simple bets, and this is a good way to begin. Normal and straight bets will come in three forms. You can bet on Win, Place or Show. The last two of these bets are the easiest way to become familiar with horse racing and these are suggested for anyone just getting started. These normal or straight bets also have great odds, though the overall payouts may not be as high as some exotic bets that are offered.
Be sure to become familiar with the odds. There are two ways that sites will display these. Most will use a fractional system, but there are some that will offer a decimal system. Fractional odds are the most common and are displayed as 2/1, 4/1, 9/2 and so on. If you select odds that are 2/1, then for every unit you bet, you will win 2x in return. With decimal odds, you will multiply the bet amount by the decimal odds displayed to determine the amount of a win.
Basic Horse Racing Betting Strategies
The biggest challenge when betting on a horse race online is gathering the right information and up to date statistics and ten taking that information to make an informed decision. To be a winner with horse racing, there are three factors that should always be taken into consideration. These include the odds being offered or the price, the value of those odds and whether they are over or under priced and the type of bet being placed.
In order for any bet to be beneficial, it should have odds of 2:1 or better. It may be better to choose a bet that may have a higher risk to increase the overall payouts that can be generated. When it comes to the value of the odds, it should be one that will keep the commission collected by the bookmaker to a minimum. The type of bet placed will have an impact on the chances of winning. It is suggested to stick to simple bets that are not hard to win, including Straight bets, Futures and Doubles.
Common Betting Mistakes
When you first start betting on horse races online, chances are you will make some mistakes. Over time, you will learn what to avoid and will master betting so that you can enjoy possible ongoing profits. Here, we discuss some of the common mistakes that are made when placing bets and when possible, do everything to avoid these to prevent unnecessary losses and the depletion of the bankroll.
Betting too often
One common mistake is betting too often. Since there is so much to bet on, you may be prone to placing multiple bets and betting more than you should. Set a budget and adhere to it to avoid overspending and start with single and simple bets. As you gain experience, you can start adding other types of bets and enjoy multiple bets on a bet slip for more racing action and better returns.
Chasing losses is one of the major mistakes made by beginners as well as experienced bettors. After suffering a loss, many think they should increase their next bet so if they win, it will offset the previous loss. One of the most difficult things to do when gambling is to avoid temptation and remain in control. A streak of bad luck can be costly, but there is no way to guarantee that any of those losses can be recouped by placing additional bets. If you are one that increases stakes to chase losses, you will find you are losing more in a shorter period of time and will very rarely come out on top.
Blaming losses on bad luck
You may start blaming losses on bad luck. While luck does play a role in horse racing, there are other factors. If you find you are losing more often than not, do not blame this on luck. Take a look at the bets that are being paced as you could be making some bad decisions. Take time to analyse races and those involved and always review the odds and make wise decisions.
Being an out of the gate bettor
Avoid being an out of the gate bettor. This means you should learn as much as possible about horse race bets as possible before you start to risk any real money on a betting site. New punters are often eager to get started, but if you do not take time to gain some knowledge, you will never have the ability to make the right betting decisions.
Take advantage of tips of the day, books for beginner bettors, news feeds from reputable betting sites and even information from other bettors at forums. By gathering as much information as possible, you can avoid losses and have a rewarding experience when you visit an online bookmaker. Take time to become informed today so you can enjoy more rewarding horse racing tomorrow.
You will often hear the term “handicapping” in the horse racing world, and some of the biggest horse races are handicapped races. It is important for you to have an understanding of how handicapping works since many of the events of horse racing today are made up of these types of races. A handicap race is one that levels out the playing field and the handicap will provide all horses in the race with an equal chance of winning if they perform at their best.
The weight that is being carried by any horse is determined by the Official Rating of the horse, which is a number that is provided to every horse after these things happen:
- A horse is the winner of a race
- The horse loses three times and finishes in the top 6 in one of the races.
- If the horse does not finish in the top 6 in a losing race, it will have to keep racing until it does so to receive any Official Rating.
As soon as a horse has their Official Rating, it can enter handicap races and the weight it carries in these races will be determined. The weight is based on the other ratings achieved and will relate to pounds of weight. For example, any horse that receives a rating of 55 will have 10 pounds less than a horse that is rated at 65.
Generally, better horses will have a heavier weight because they have a better ability to win. Those with less ability will carry lower weights, offering an advantage in the race. The Official Rating of any horse will be evaluated on a weekly basis and adjustments will be made prior to the entry of any race. The prior horse racing results will have an impact on the rating and can alter the overall handicap.
Live Betting Options
One of the most exciting aspects of betting on horse racing online is the offering of live betting, also known as in-play betting. You may have often heard the term and may wonder what it entails. When a horse racing bookmaker like Ladbrokes offers in-play betting, it is referring to any forms of betting that will take place after any event has begun and will last until the end of the race. There are a number of advantages to this type of betting online and you will quickly learn why many from around the world prefer to bet at sites that support in-play betting options. With in-play betting, you will watch a live stream of the event taking place so you will never miss any of the action.
Due to the Interactive Gambling Act in Australia, any form of live betting cannot be conducted online.
Horse Racing Live Streams
One of the great advantages of live betting is that it will provide you with the opportunity to assess everything that is going on in the race before placing any wager. In some cases, this provides more benefits than boatloads of information and stats gathered from news, forums and past horse racing results. Another major benefit is that you have the option to trade a position and if you are correct, you can get a green book, which will offer a win on all outcomes, or at least prevent any losses. This form of betting is especially useful with horse racing since this sport is an event where there are constant changes. Each race can be affected by various factors that will allow you to see what is going on as the race takes place and you can alter your bets or make new ones based on those changes.
A perfect example of how in-play betting is beneficial for horse racing is with the Grand National. Before the race starts, you will usually place a bet with the bookmaker. If the horse falls early, you will lose your money. With in-play betting, you can bet on another horse or a number of different horses. Since the Grand National is a race that lasts 11 minutes, many changes will occur, so having an in-play option will allow you to alter bets and have the best chances of choosing the winner of the race.
Please note that due to the Interactive Gambling Act in Australia, any form of live betting cannot be conducted online.
One of the most recommended in-play betting sites operating is Unibet, where you can take advantage of all the benefits that go along with live betting. If you already enjoy the thrills of betting on horse racing online, you will surely benefit from the in-play option. This will offer a great way to bet even when the event is not going as expected and if they are, you will have a perfect opportunity to increase the possibility of profits. With live betting, you can also cover losses, so it is a perfect option regardless of your betting experience.
Offline vs Online Betting
If you have placed wagers with a bookie in real life, you may be ready to make the jump to online betting. There are some great benefits to betting using online sites, including the ease of betting from wherever you may be. While there are some differences between betting online and offline, you will quickly be able to spot the pros and cons and will be able to make the right decision based on your own betting needs.
One of the main advantages is the sheer volume of betting options that are presented by online bookmakers. Local bookies may only cover local races, but with an online site, you will be able to bet on races from around the world. You will also be able to take part in live betting, which as discussed earlier, has some amazing benefits. Local bookies may cover the major races, but they often do not cover multiple tracks from various countries. Having a larger selection and greater options is one of the main advantages of being an online bettor.
Advantages of betting on horses online
Many local bookies will only support normal or straight bets. You may have the experience and wish to be adventurous by placing exotic bets, futures or other bets. These are almost always offered at online sites, so in addition to having access to more races, you will also have access to more betting options.
One of the huge advantages is the odds offered. An offline bookmaker will have a limited range of odds because they cater to local markets only. The odds offered can reflect the bookie’s tastes and their own opinions, so they are completely different from what is offered at an online sportsbook. Online, you will benefit from a large array of odds that reflect a huge group of bettors from locations globally. When using a sportsbook online, you will almost always find better odds than with a local bookie and these odds are updated on a regular basis to provide you with the most up to date information possible.
Info and Strategies
You will also benefit from a wealth of information being offered at online betting sites. These offer horse racing bets and tips that can be useful for beginners as well as experienced bettors. You can also learn about various betting strategies that can be employed and will always have access to the latest horse racing results. Horse racing today is one of the ten most exciting sports offered by online bookmakers and with some amazing benefits and exciting opportunities, there are definitely many advantages to going this route as opposed to a local bookie.
Money management is also different for offline and online betting. Local bookies may handle money in a different manner and may allow you to open an account and pay for bets at a later date. With online betting, you will have to have a funded account before any bet can be placed. Luckily, these sites support some of the most trusted payment methods like Visa, MasterCard, Skrill, PayPal and others.
Additionally, online bookmakers support small bets, which are rare with local bookies. This makes online betting a perfect option if you are a new bettor or have a rather small bankroll.
Mobile Horse Race Betting
With horse racing being one of the most popular sports featured at any betting site, most sites will present you with a mobile platform in addition to the desktop software that is used. This allows you to access betting on races on the go and always have ways to place bets and win real money payouts. Mobile betting is done just like it is on the main betting site and there are some great features that make for fast bets and easy account management. Mobile horse racing sites will also provide horse racing apps alongside useful tips and tricks that can be employed when wagering.
Sign up and bet on horses from mobile
If you do not have an account with the main betting site, you will be able to sign up through the mobile app. You will also have access to the cashier, where secure deposits and withdrawals can be conducted at all times.
Horse Racing Betting Apps
By having instant access through a web browser, you will never miss out on any of the horse racing action and will easily be able to place bets. Some of the best horse racing betting apps will even offer in-play betting*, making the mobile experience even more enjoyable. These mobile options and specially tailored horse racing apps are available as long as you have a mobile device with an internet connection and most sites cater to those that use an Android or iOS device. In some cases, the software may have to be downloaded, so this is something to check when registering or accessing the site for the first time.
*Please note that due to the Interactive Gambling Act in Australia, any form of live betting cannot be conducted online.
The only downfall is that mobile horse racing betting sites may not cover all of the races that are found at the main site, but they will feature the most popular in the world and will offer a variety of betting options so you will always have a positive experience and many selections available.