Horse Racing Odds

Understanding how to read horse racing odds is typically the biggest issue that faces punters that are looking to place a wager on the biggest meetings. However, it doesn’t have to be that confusing, as finding the horse racing best odds is extremely straightforward.

Finding the best value for the biggest events revolves around finding the best horse racing odds, and it could have a significant impact on the amount you win. But, if you are new to the sport, how can you ensure that you get the best possible Cheltenham betting odds and Royal Ascot odds?

What Are Horse Racing Oddsand How Are They Determined?

Horse racing odds are simply the value that you can get back should you bet on a horse and it crosses the line first. The odds are simple to understand. For example, should you like the look of a 10/1 chance, and you put £10 on that selection then you will win £110 back if it wins.

That is because the 10/1 odds are the price that you have selected, and you will also get your £10 stake back too. The horse racing best odds are determined through the use of the ratings and recent form.

If a horse is in tremendous form over its last five starts, then they will start at a much lower price than a runner that hasn’t won in five. The recent history on that track will also have an impact on the odds.

For instance, if a horse has won on their last three starts at Aintree, then their Grand National odds would be lower since they have shown that they perform to a high standard on that specific racecourse.

Where Can I Get the Best* Odds on Horse Racing?

This is no longer as hard as it previously was, as a lot of the leading sportsbooks now offer the best price guaranteed on all UK and Irish racing. Previously, punters would have needed to shop around to ensure that they don’t get a worse price.

The horse racing odds are the difference between winning more on betting selections. For example, why should you choose to take your desired horse at a value of 8/1 when you could get 10/1 elsewhere? It’s a no brainer, and you will be immediately gravitating towards the higher price since you will win more. Find some of the most recommended horse racing odds here:

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Key T&Cs: UK customers only. 18+. Place your first bet on Pools and if it loses we’ll refund your stake in cash. Max refund is £10. Qualifying bet is the first bet added to the betslip. Totewin will be the qualifying bet when a Totewin and a Toteplace bet are struck at the same time. E-wallet deposit restrictions apply.Full T&Cs Apply.

What Are Live Horse Racing Odds and Where Can I Find Them?

Betting in-play is one of the biggest evolutions of sports betting in recent years. However, due to the quickness that horse racing meetings go at, it could depend on whether there are live horse racing odds.

Many of the markets open a year in advance, which means they are live for 12 months. However, betting in-play is less common, with the Grand National one of the only races that you can bet in-play on.

The prices will constantly change depending on the form and whether a horse has undergone any surgery. That means punters will have to carefully predict the best time to get the maximum returns on their wagers.

Horse Racing Odds on Major Events

Throughout the horse racing calendar, there are specific events that punters earmark as occasions when they bet.

These events even get mainstream attention, which means that those people that wouldn’t typically bet would also wager their money when these meetings come around. But, what are the biggest events that you can expect to find on the calendar?

Grand National Betting Odds

One of the biggest betting events of the year takes place at Aintree in April. There are 40 horses that lineup to take on the four-mile course, and it has been a mainstay on the British sporting calendar since 1839.

It is one of the biggest betting occasions of the year with punters around the country looking for horse racing odds today.

The betting is competitive, and most of the horses in the race have a realistic chance of winning. The 2020 edition of the race will see Tiger Roll bidding to become the first-ever horse to win three straight Grand Nationals. The Gordon Elliott trained horse is the current favourite in the Grand National odds.

Aintree Grand National

Horses and riders (R) in the The Gaskells Handicap Hurdle race go past the main stage during the final day of the Grand National Festival horse racing meeting at Aintree Racecourse in Liverpool, northern England on April 14, 2018. / AFP PHOTO / Jason ROBERTS @SCANPIX

Cheltenham Betting Odds

The week-long festival in March is the four days that most jump racing fans keep an eye out every year. The very best horses meet up for this event and punters track their runners throughout the entire season to get the best possible value.

The horse racing odds today are the best time to get value on these races, as the prices on the leading chances lower with every passing week as the festival grows closer.

Royal Ascot Odds

The flat season takes centre stage over the summer months, and one of the most prestigious events comes from Royal Ascot. A selection of the leading flat horses take to the stage, and the stars come out to witness all the action unfold.

The British traditions are huge at Royal Ascot, and the Queen frequently visits throughout the week. One of the most competitive live horse racing odds markets for this week revolves around the colour of the outfit that the head of state will wear.

Betting On Horse Racing Guide

  1. Find the best sportsbook- Finding the best place to make your horse racing wagers is the first issue that punters should address. You should examine the markets that they offer and whether the sportsbook has an interesting horse racing welcome offer.
  2. Sign Up- Once you have found the ideal sportsbook, then you should sign up. You will be asked to put in your name, address and payment method. Also, if you need to enter a promo code to take advantage of an offer, then this would be the place to do that.
  3. Finding a market/bet- After you have confirmed your account, you can make your first bet. You can explore the different markets before making your wager. You can look at building a longer bet such as an accumulator or a lucky 15. Individual race bets such as picking the winner, or placing an each-way bet on a runner are also hugely popular.
  4. Place the bet- Once you have decided on the bet that you want to make, then you can place the wager. Remember you may need to put down a larger stake depending on the bet you have selected. Next, select ‘place bet’ and watch the action unfold.

FAQ

Can I have multiple betting accounts?

By all means, you can. Sometimes you will have to swap accounts to get the best value on your bet, so it is always worth having a little bit of money in your commonly used accounts.

Is each-way betting profitable?

It can be, but it really depends on the selection. If you are betting on a 10/1 chance each-way, then there will certainly be value. But it isn’t the best option when betting on favourites.

Should I always bet on the favourite?

Some punters do prefer this tactic because favourites are just that for a reason. However, especially with jump racing, different variants can alter the course of the race, and adequate research must be done before placing any bet.

*according to the opinion of our writers.