A Guide To Horse Racing: Understanding The Basics Of Betting

Horse racing has been a sports activity for centuries, swooning in the audience and giving them an experience that is a blend of excitement, strategy, and adrenaline. Some might have their hearts beating louder because of the roaring environment while others might be thrilled for placing a well-considered bet. As horse racing continues to evolve and attract the interests of potential punters, seasoned enthusiasts have contributed many tips and strategies for those who will follow their paths. In this short but comprehensive guide, we have compiled together all the information required to equip you with the knowledge of horse racing and enhance your experience.

Horse racing has made its way to online sports betting, especially in India where popular companies such as Bet365 have made huge profits out of this activity. To make an even greater investment, the Bet365 app is a perfect solution for modern-age gamers who prefer gaming anytime and anywhere.

Let’s dive in-depth and learn about the step-by-step process of horse betting and all the factors involved to clear your doubts and let you live the desired experience.

Introduction To Horse Racing

The history of horse racing in India is more than 200 years old. Madras was the first place in India to host horse racing.

Though horse racing has been practiced in Rome for more than 2000 years in India horse racing was introduced about 200 years ago. Madras was the first place in India where the first horse racing event was hosted.

In India when it comes to gambling and betting activities the laws are not clear or properly stated, making them a bit confusing for all. But for horse racing the picture is very clear. Meaning, horse racing is the safest sport in India to bet on.

Horse racing and lotteries are among the safest options in India. The Court of India found that these games are rather based on skill than mere luck, thus defining ways in which punters bet.

However, betting on horse racing is strictly regulated and the Indian government’s decision to raise taxes has resulted in a huge loss of revenue from the industry.

Horse racing has become so popular in the betting industry that a variety of famous horses have dominated the industry.

Most people agree that Rashid Byramji was the best trainer in Indian horse racing history. He was the driving force behind the elusive Pimpernel, who won 22 of his 23 starts, and Squanderer, who won 18 of his 19 races.

Another Indian-bred horse with great success both domestically and internationally is called Mystical. Two races at the Dubai Racing Carnival were won by Mystikal.

Understanding the Basics of Horse Racing

Before dipping your feet into the world of horse racing, it is very crucial to grasp the rules and fundamentals that guard and set the game. Follow the basics mentioned below so that you get an overview of how things work and make a well-informed decision.

Types of Bets

The first thing you should go through is horse racing ranging from simple to complex. Win, Quinella, Trifecta, Exacta, Each way, Show, Place, Place bet, Treble, Accumulator, Double, Superfecta, Lucky 31, Trixie, Yankee, etc, are popular bet types on the Bet365 online sportsbook.

Odds

Odds are very important in betting as they determine the probability of a horse winning a race and the potential payout. Different online sportsbooks use different formats to represent odds, some of those are fractions, decimals, and money lines.

Handicapping

Handicapping involves taking into consideration various factors for analysis, such as the chances of a specific horse winning, past performance, weather and track conditions, trainer record, and race distance.

Solid Horse Betting Strategies

Now that you have understood the basics let us explore some of the most basic strategies that will further help you in making good decisions:

Research and Analysis

In horse racing, knowledge is power and power is what gives you control over the race. Research beforehand and pay attention to details such as past races, current form, pedigree, and track conditions. Utilize reliable sources on the internet, such as racing forums, guides, channels, and blogs to get useful tips.

Track Conditions

You might not know this but track conditions can significantly impact the outcome of a match. Factors such as weather, track surface (dirt, turf), and track configuration (oval, straight) can greatly impact the horse’s performance.

Control Your Investment

Establish your budget before you start betting, follow it religiously, and never try to make up lost money by playing more. Think about utilizing a staking plan, such as the Kelly Criterion, to help you figure out how much to stake depending on your perceived edge.

Look for Value

For the same horse race, different bookmakers will offer you different odds. Utilize this by comparing prices to get the greatest deal. To be sure you're receiving the best deals on your bets, compare the odds offered by several bookies.

Major Horse Racing Events

Horse racing betting has been in the game for many centuries, resulting in the build-up of many events that return to the calendar every year.

In recent years the payouts in horse racing have increased significantly. Bet365 online betting platform is the perfect place to get good reapings from your investment and make a bet worth remembering.

Flat Races

Flat races are the most popular and most hosted racing events worldwide. The Dubai World Cup, held in the United Arab Emirates offers one of the largest prize money to the winner, which is around $7.2 million, followed by the 4.4 million rewards in the Melbourne Cup in Australia and the Kentucky Derby in America.

Some of the biggest flat racing events are held in Europe and France, and some of the most popular ones are the Prix de l'Arc de Triomphe, Royal Ascot, Grand National, Irish Derby, and Palio di Siena. These events attract the attention of millions of people per day. Sometimes the betting payouts can exceed a thousand pounds on betting sites.

Hurdle races

A hurdle race is a popular horse race in the United Kingdom where horses jump over obstacles called hurdles that are over three and a half feet high. The most major hurdle event is held in Liverpool called the Grande National, which witnesses the participation of around 40 horses competing throughout 7 kilometers for a prize money of 560,000 pounds.

Another major hurdle event is the four-day Cheltenham Festival in England which grabs the attention of 70,000 people per day. The event is highlighted with a Gold cup and prize money of around 350,000 pounds.

The Scottish Grand National and the Irish Grand National are two more significant horse races held over jumps, offering prizes of 112,000 and 270,000 Euros, respectively.

Trotting events

The largest harness racing competitions are held in Sweden and France. The biggest race is the Prix d'Amerique, which is held at the Paris racetrack Vincennes and draws about 40,000 people on the final Sunday of January. The winner of the 2700-meter race will take home a reward of 450,000 euros.

The largest trotting races in Sweden are held around the end of May at the Solvalla track, which is close to Stockholm. 16 horses race over 1600 meters at the Elitloppet with a first prize of 400,000 euros up for grabs.

The top four finishing horses advance to the final in two races with eight horses each. There, the last eight horses square off to see who comes out on top. The wonderful three-day Elitloppet event draws draws around 30,000 people per day/

Why Bet365 is the perfect sports betting site for you?

Bet365 is a well-distinguished site that has gained the attention of players all around India. The platform possesses refined features and services that are designed to elevate users' experience and give them a feeling of control and happiness. Punters get access to over 3,000 daily sports events and multiple betting types and odds. Here are some Bet365 advantages that will keep you hooked up on the platform:

Advantages

A generous bonus of 150% on your first deposit;
Wide range horse racing events;
A minimum deposit of INR 400;
Up to 10 horse racing betting options;
Bet365 app is compatible with both Android and iOS.

Conclusion

Betting on horses is a combination of both art and knowledge, neither can be sustained without the other. By understanding what you want and how you plan on accomplishing it, this guide is all set to help you understand the fundamentals, techniques, effective strategies, and handicapping skills. By devoting yourself to a proper and consistent schedule, you’re significantly increasing your chances of winning. As long as you approach it with a sane mind, and practice healthy betting schedules, you’re on track to be one of the greatest bettors in India.

A Guide to Horse Racing: Understanding the Basics of Betting