Betting on horses is highly popular in Australia and is estimated to be a billion-dollar activity. With the rise of the internet, betting has moved to the virtual world, live on online websites, making them more relevant.
In 2019, the gambling turnover from horse racing in the Northern Territory of Australia amounted to around $14.6 billion.
For ultimate success, it is essential to fine-tune your horse betting talents. Horse betting, today, is beyond fun and entertainment and is more of a serious business.
So how do you about it? Below are a few directions to instantly help you start online horse betting and become a booming bettor.
Make Different Bets
The ‘win’ bet is the most standard horse racing bet. While doing so, you are placing your money on the horse in the hopes of winning.
Apart from the win bet, various other bets are available to level up your chances of winning. Additionally, it is crucial to know the value in different countries to use the different types of bets.
Besides the win, the exacta is a very popular bet used among regular bettors. Here, you bet on two horses that will secure first or second place in the proper order.
Understand the Odds
It is cardinal for all players, especially the novices, to understand the odds before betting on horses. Having a good grasp of the odds is what every newbie should learn.
The odds give an idea of the potential outcome of a race or game that can raise your chances of winning a match.
Conducting your research and getting used to the online game becomes essential to comprehend the odds better.
Analyse the Horse
You can research online about horses and place bets on any website or platform, such as https://www.bluebet.com.au/. Horse betting has become more fun and accessible as it’s now available online. Horses are the game’s highlight; hence you need to do a comprehensive background check on the horse you plan to bet on.
Start with checking the horse’s race record and experience. It’s essential to follow the horse’s track record and past performances in the race.
In addition, you must consider the health condition of the horse you are planning to bet on, which involves if they have sustained any injuries.
Most importantly, try to place your bets on a horse one at a time by analysing all the odds and bonuses.
Favourite Bet
Yes, favourite horses in the race have higher chances of winning a race. But there is no 100% surety that a particular favourite may win the match the same day you place the bet.
As per the rule of thumb, the favourite has a 35% chance of winning the race. However, this may change depending on the race and number of horses.
So, it is better to not blindly place your bets assuming the favourites have higher chances of winning.
However, if you are pretty clueless about which horse to bet on, you can place your money on the favourite. There are decent chances of winning a small amount which is better than no win.
Endnotes
A horse racing bet is one of the most prominent online betting activities or games today. Countless bettors across the globe bet on racehorses online. However, not all take it seriously to win a significant payout.
In a nutshell, the above tips can do wonders in taking your bets to the next level and helping you win big in the online race. Yes, favourite horses in the race have higher chances of winning a race. But there is no 100% surety that a particular favourite may win the match the same day you place the bet.