Horse racing betting sites: Pros and Con
- Multiple racecourses
- Indian and foreign racing
- Multiple betting sites
Examining the different
horse racing betting
types available
The various betting types for this sport are hugely different from those seen in other sports. You’ll see how this works if you check out the
best football betting apps in India, for example. Football has very different outcomes compared to horse racing, as you know, so there are some betting types you should know about before jumping in. I’ve listed several of the most common and easy to understand bets here, but be aware there are plenty of others. I’d suggest delving further into those once you become more familiar with horse racing betting and the below options.
Straight bets
There are three of these:
- Win – you’ll back a horse you believe will win the race
- Place – this means you’re backing the horse you think will finish second
- Show – yep, this is the third-place finisher (or at least the one you think will place in third)
Each way bet
You might have heard of this in horse racing betting, but do you know what it means? In this case, you’re making two bets – the first two from the straight bet list above. If I choose this option, I’ll make a win bet and a place bet at the same time.
Exactas and trifectas
It’s worth knowing these as well:
- Exacta – choosing the two horses you think will finish first and second and getting them in the right order
- Trifecta – this bet sees you pick three horses for the top three spots
There is a Trifecta Box option too, which means the chosen horses can finish in any of the three positions. Most of the best horse racing betting sites will give you these options among others.
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Adopting strategies for analysing horses and races
How about a strategy guide to propel us into this article a little further? I understand if the word strategy makes you pale a little… It worked like that for me, too. But here’s the thing – you can go as far as you like into strategies for horse racing betting. It is a bottomless pit, but it’s one you can decide how far to venture into. I’ll provide some tips for you here though, to give you a sense of what to expect.
Research the jockey, not just the horse
It’s easy to forget there’s a jockey involved when you’re exploring racetracks and horses. Yet the experience – or lack thereof – of a jockey is essential to think about:
- How many years experience do they have?
- Have they ridden this horse before?
- Have they ridden at this track or event before?
- How do recent results compare to their overall record?
These can all provide insight into whether I back that jockey and their horse over a competitor when trying some horse racing betting. Look at the history of the horse too – most of the above points apply to the horse as well. I change the second point to ask myself whether the horse has been ridden by this jockey before.
This tells you the ground conditions of the racecourse. If the going is soft, it means there’s a lot of water in the track, and this makes it slower to navigate. If it’s hard, the ground is drier and therefore it will be faster for the horse and rider to race around the track. If you thought
cricket betting apps in India
had complex odds and possibilities, you can see how much there is to think about regarding horse racing betting.
Bet you didn’t think I would mention the owner. You can find out the identity of the horse’s owner easily enough, and you should consider this as another piece of info you can work with. Owners may have more than one horse, and their overall record shows you how good they are at looking after those horses. Even if I see a horse is unproven on the track, if it’s a new addition to a famous horse racing stable, I might back it to see what happens. I prefer it to backing an unproven horse from a stable I know nothing about.
How to manage your bankroll for
horse racing betting
Many of the tips given here would suit any form of betting. I always start by considering what I can afford to lose. Yes, it does start from a negative position, but if none of my bets come in, I know I don’t need to worry. Make this your first task, and check it before making any future deposits. Some months I have a little more to play with than others. The same might apply to you, too.
Bet a portion of your bankroll per bet
Regardless of the bet, many experts say you should stick to a maximum of 3% of your bankroll for each bet. Obviously, if I have a smaller budget to work with and a minimum bet amount for a racebook, I might need to adjust that slightly. However, many sources I have seen mention working between 1% and 3%, so keep those stats in mind as they’re useful to go on. It’s a good starting point because it’s an easy calculation to make.
Figuring out the odds – and potential payouts for
horse race betting
If you feel as if you’ve got blinkers on when it comes to understanding horse racing odds, don’t worry. I was there with you at one stage. Firstly, it’s good to remember that most Indian betting sites use decimal odds, so that’s what I’ll go with here. You can switch to another format if you prefer, whether you are placing bets in advance or trying some
betting live
action.
Short odds vs long odds
Let’s start with this aspect of betting:
- Short odds are given to runners and riders thought to be more likely to win (if the bet wins, it will have a much smaller return) – a typical example would be 2.2 odds
- Long odds are given to outsiders, those thought to have little chance of winning (but if the bet wins, it will bring in a bigger return) – an example would be 101 odds
How to work out the possible payout on
horse racing betting
The 2.2 example gives you that amount for each 1 bet, so a $1 bet would return $2.20 if it won. Remember to deduct the bet to get your profit. If you think of the decimal as a multiplier, it helps you remember what you need to do to calculate a potential outcome.
For example, I used long odds of 101 above as well. In this example, I would multiply a bet of $5 by 101 to get $505. Deducting the $5 initial bet would produce a profit of $500. As I previously stated, these are indeed long odds. Most of the time you’ll likely choose something shorter with a better chance of springing a surprise on the racetrack.
- Balancing odds against potential return – the longer the odds, the less likely the bet will win
- Understand different bets before choosing them – do you know your exacta from your trifecta?
- Enjoyment comes first – remember the entertainment that’s on offer and not just the chance of winning
The going is good for
horse racing betting online
There are lots of Indian betting sites for horse racing you can think about joining. The more you know and understand about the sport and the betting stakes provided, the more you will get out of it, regardless of the outcome of any bets. GameChampions.com can point you toward the most promising sites available where you are, saving you a lot of time and research.
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FAQs relating to
horse racing betting
🚀 Is there horse racing in India?
Yes – races have taken place since 1777. Today, there are multiple racetracks around the country, with many fans betting on their preferred horses and their riders in a range of races.
⚖️ Is horse race betting legal in India?
Yes. There are several online racebooks that provide Indian residents with the chance to bet on the sport. Aside from those, there are some offshore licensed racebooks also offering their services to those in India. You can find out the latest about online horse racing betting in India courtesy of GameChampions.com.
🪙 What is the most common horse bet?
Many people place a bet on a horse to win the race. This is a straightforward win bet and is the easiest to understand, so it appeals to novices alongside more knowledgeable bettors.
