Horse Racing Betting Tips
Understanding the best horse racing betting tips can really help when you place your wagers. We’ve put together the top strategies and tips, to help you understand how to bet on horses successfully. From horse classes to running styles, and our recommendations for the smartest bets, we’ve got you covered.
Keep reading to explore the top horse racing tips and discover strategies that will improve your chances of winning.
In This Horse Race Betting Tips Guide:
Horse Racing Betting Tips For Beginners
If you’re new to horse racing betting, here are a few key tips to examine before you place your first bet:
Know The Rules
Be aware that some races, especially prestigious ones like the Kentucky Derby, have age restrictions for betting. For the Derby, you must be 21 years old or older to wager both online and in person. We recommend checking the age requirement for the specific race you’re interested in.
Understand The Bet Types
We recommend that beginners start with straight bets, and then try out exotic bets as you improve your betting skills.
Straight Bets
A straight bet in horse racing is a single wager placed on one horse to win, place, or show in a race.
- Win: Your horse must finish first place to win the bet.
- Place: Your horse needs to finish first or second place.
- Show: Your horse needs to finish in first, second, or third place.
Straight bets are ideal for beginners due to their simplicity and higher chances of success, compared with complex bets requiring multiple accurate predictions.
Exotic Bets
Exotic bets are more complex options for experienced bettors. Here are some of the most popular choices:
Exactas (also called Perfectas): This bet requires you to correctly predict the exact order of the horses that will finish first and second. It offers a higher payout than win-place-show bets, but is more challenging to win.
Trifectas: This bet is more complex because it requires you to predict the exact finishing order of the top three horses (first, second, and third). Trifectas offer the highest payouts among these options, but have the greatest chance of losing.
Daily Doubles: This bet involves selecting the winners of two separate races, typically held on the same day. It’s a good option for beginners who want to branch out from straight bets, but it offers a lower payout than exactas or trifectas.
Beginner's Tip:
Stick with win-place-show bets as you learn the ropes. These straight bets are the most straightforward, allowing you to get comfortable with the horse racing betting process. Once you’re familiar with the races and feel confident in your handicapping skills, you can gradually explore more complex exotic bets like exactas, trifectas, and daily doubles.
Use Smart Bankroll Management
Horse racing, like any form of betting, involves inherent risks. To avoid chasing losses and ensure a sustainable betting experience, we recommend practicing smart bankroll management. Here’s how:
Set A Budget: Determine a realistic amount that you’re comfortable spending on horse racing bets. This should be a separate entertainment budget and not essential funds.
Sticking To Your Budget: Never bet more than you budgeted. Discipline is key, regardless of winning or losing streaks.
Wagering Strategy: Develop a strategy for how much to bet on each race. A common approach is to allocate a small percentage (e.g. 1-5%) of your total budget per bet.
Adjusting During Cold Streaks: Horse racing has its fair share of unexpected outcomes. If you experience a losing streak, consider reducing your bet size to protect your bankroll until things turn around.
Check Horse’s Recent Track Record
Fun and fancy horse names are great, but researching a horse’s past performance is essential. Here’s what to consider:
Track Preference
Horses can have preferences for specific track lengths. Some perform better on shorter tracks (sprints), while others excel on longer distances (routes).
Running Style
Horses have distinct running styles. Some are known for quick starts and leading from the front (“front-runners”), while others might hang back in the middle of the pack (“stalkers”) and make a late surge (“closers”).
An excellent way to analyze a horse’s running style is by examining its sectional times. These times show how fast a horse runs at different intervals throughout a race.
Example: A horse with a strong closing speed might have slower initial times, but excel in the final furlongs. By understanding a horse’s past performances and running style, you can make more informed decisions about its potential in the upcoming race.
Research Jockey History
The jockey is an essential part of the racing team, and their skill can significantly impact a horse’s performance. Here’s why researching jockey history is important:
Jockeys' Records
Some jockeys have a proven track record of success, and consistently win races. For instance, John Velazquez, a retired jockey with numerous accolades, is known for his exceptional riding skills and ability to get the most out of a horse. Looking for jockeys with a history of winning races on similar tracks can give you valuable insight.
Our recommended sites, like Bovada, often provide thorough analysis and content on jockeys and their past performances, particularly during major events like the Kentucky Derby.
Research Trainer History
Trainers play a critical role in preparing a horse for race day. Their expertise in conditioning, exercise routines, and understanding a horse’s strengths and weaknesses significantly influence its performance. Here’s why considering a trainer’s history is important:
Training Techniques
Trainers develop personalized training programs that include diet, exercise schedules, and track work to get the horse in peak physical condition for the specific race distance and surface.
Horse Knowledge
Experienced trainers deeply understand their horses’ capabilities and limitations. They strategically enter horses in races that suit their running style and past performances.
Track Conditions
Track conditions can significantly impact a horse’s performance and racing strategy. Here are some top considerations:
Track Types: Horse races are typically held on three main track surfaces:
Dirt: This is the most common type of track. Dirt can vary in consistency from loose and fast to packed and slow. Horses with strong hooves and a powerful running style tend to perform well on dirt tracks.
Turf: Made up of live grass, turf tracks can also vary depending on weather conditions. Horses with good footwork and stamina are suited for turf races, especially in softer going (wetter conditions).
Synthetic: Man-made surfaces designed to replicate dirt or turf tracks. Synthetic tracks offer consistent racing conditions regardless of weather.
Weather Impact: Weather conditions, like rain, can significantly alter track conditions.
Example: A sloppy (muddy) dirt track can slow down races, favoring horses with greater endurance. Horses with a history of success in similar wet conditions might be a good choice in such races.
Examine The Post Position Record
Every horse starts the race from a numbered stall assigned through a draw. This starting position is called the post-position. Analyzing the post-position record can provide valuable insights.
Track analysts assess race data and betting odds, and handicappers analyze and predict race outcomes. These people frequently compile historical data on the number of winners from each post position in a particular race.
Example: On a track with eight starting gates (post positions 1 through 8), post position 5 might have produced the most winners over the past five years. This doesn’t guarantee a win, but it can be helpful when handicapping the race.
Pay Attention To Late Scratches
A late scratch is when a horse is withdrawn from a race shortly before it starts. This is often due to a sudden illness or injury identified during the pre-race veterinary check.
Late scratches can significantly impact the race dynamics and betting odds.
Example: If you planned to bet on Horse A for its record and skilled jockey, but Horse A gets scratched due to a late injury, the underdog competitor (Horse B) might suddenly have a better chance of winning.
In this scenario, with Horse A out, less money is bet on Horse B, making its odds longer (increasing the potential payout). This presents an opportunity! If Horse B wins, you could score a good payout by capitalizing on the late scratch.
Don’t Bet On Every Race
Horse racing can be exciting, and it’s tempting to bet on every race throughout the day. But we recommend being selective as a single track might host 10 or more races on a typical race day.
Instead of spreading yourself thin, focus on races where you have a solid understanding of the horses, jockeys, trainers, and track conditions. This will allow you to make more informed decisions and allocate your bankroll strategically.
What Is The Smartest Bet In Horse Racing?
The smartest bet in horse racing is often a simple “win bet”. Like a moneyline bet, you will pick one horse to win the race outright. This keeps things clear and avoids the complexity of predicting multiple horse finishes.
What Is The Worst Bet In Horse Racing?
While there’s no single “worst” bet, we suggest avoiding bets with extremely long odds and low payout chances. A good example is the Jackpot Pick 6. This exotic bet requires predicting the winner of six consecutive races, often across an entire race day. The payout can be massive if you hit all six, but the odds are heavily stacked against you. Even the best handicappers struggle with such a feat. It’s best to stick to more straightforward wagers with better odds of success, especially if you’re a beginner.
How Does “Class” Impact Horse Race Betting?
Determining the class of a horse can be simple if you consider the types of races that it recently participated in. This will give you the most accurate indication of its status in the racing world, and will help you compare it to other horses in the same race.
Races fall into four hierarchical types defining horse class:
Stakes Races: The cream of the crop, requiring owners to pay for entry, usually featuring top-caliber horses. Example: Kentucky Derby.
Allowance Races: Horses are limited by recent success, with varying levels based on performance. Example: Non-winners of $30,000 in the last three starts.
Claiming Races: Horses up for sale, with prices set by the track, allowing movement based on performance. Example: $25,000 claimer.
Maiden Races: For horses yet to win, divided into claimers and special weight races. Example: Maiden Special Weight with predetermined weights.
Other Indicators of Horse Classes
Purse
In horse racing, purses vary from a few thousand to millions in top-stakes races. Program listings typically show purse amounts on the far left. Higher purses often signify a higher class. For instance, a horse accustomed to races with significantly higher purses may have a class advantage in a lower-purse race. Comparing purse levels aids in assessing a horse’s class.
Track
Key tracks like Gulfstream Park, Churchill Downs, Keeneland, Saratoga, Santa Anita, and Del Mar boast top-tier competition due to significant purses. Understanding track competition aids in assessing a horse’s class. This information is typically found in the program, alongside purse totals.
Competition Faced
A horse’s performance depends on its competition. We recommend studying the horses it has raced against for insights.
Why Is Class Important For Betting On Horse Races?
When it comes to handicapping horses, the class of a horse is one of the most important indicators that you can use. Paying attention to the class of a horse can give you a significant advantage when it comes to betting on horse races.
The odds in horse racing reflect the betting activity in the pari-mutuel betting system. This means that the odds of a horse are based on the number of bets placed on it. If a horse receives a lot of betting attention, the odds will be low, and if it receives less attention, the odds will be high.
Here are some tips to use class effectively for successful bets:
- Consider distance, form, jockey, and pedigree.
- Understand why a horse moves in class; it could signal a strategic move.
- Monitor movements within race types.
- Beware of drastic class changes, which may indicate underlying issues.
- Assess class alongside odds for value.
- Analyze the entire field, rather than just individual horses, as multiple class drops in one race may dilute the impact.
How To Use Horse Running Styles For Informed Betting
Horse racing running styles are critical for betting success. Thoroughbreds have distinct styles that shape race dynamics and wagering strategies. Here’s how you can leverage running styles to enhance your betting strategies:
Understand The Different Running Styles
Most horses have a particular way of running that is unique to each of them, influenced by factors like pedigree, training, and individual preference. Here are the three main running styles of Thoroughbred racehorses:
- Front-Runners: These horses like to go hard right from the beginning of the race, and they prefer leading from the start and to lead all the way through.
- Stalkers: These horses leave the gate well, but aren’t so determined to get to the front. The idea is that once the jockey asks the stalking horse to go full-bore, it can ideally sweep past the tiring leaders.
- Closers: These horses sit back for a good portion of the race, conserving their energy to make late moves. A closer can make up a lot of ground quickly.
Example: If there are a lot of front-running styles in the race, the pace for the race goes very fast from every horse trying to get to the lead. In this kind of race, the front-runners will likely tire, and the stalking horses might have to exert themselves more than they’d like early on to stay close. As a result, the closers in the race, especially if there is only one or a few, will have a better chance than normal. This could be a good choice for your bets.
How To Determine Running Styles Based On A Program
Major races, like the Kentucky Derby, get dissected for horse running styles and learning to identify styles is valuable for any race. Tracks provide racing programs, or forms, with all you need to know about racing styles in past races for each horse. This is what a typical performance line might look like:
7-4-5 (1 ½)-3 (1)-2 (1/2)-2 (1)
This performance line tells you that the horse left from post position #7. In the early stages of the race, it was fourth. It was then fifth, third, and second as the race progressed, eventually finishing second.
The little numbers on the top right indicate how far off the horse’s lead was. For example, the horse in our example finished second, just one length back of the winner.
Front-Runners will feature lines with the #1 found in the early stages of many races. This means they often take early leads, indicating they want to get to the front as much as possible.
In the early and middle stages of races, Stalkers will feature lines with the #2, #3, and #4. You won’t see too many high numbers, nor will you see many 1s. Instead, you’ll see the numbers indicating a desire to stay off the pace.
Closers will have many high numbers (depending on how many horses are in each race) in the early stages. Then, you’ll see those numbers decrease as the race gets closer to the close.
Example of a typical horse race performance program showing the details for a particular horse, with the basic stats highlighted [Program provided by equibase.com]
How Do I Use Running Styles to Make Value Bets?
To make value bets in horse racing, you will want to identify undervalued horses that are likely to outperform expectations. Running styles aid in this process by highlighting outliers in a race, such as a sole deep closer, speed horse, or stalker. These horses often have a significant advantage, enabling them to exceed their predicted performance, despite their form.
How Do I Use Running Styles to Help My Exotic Bets?
Leverage running styles to enhance exotic bets like the exacta, trifecta, and superfecta. These styles will help to visualize race dynamics, indicating potential frontrunners and closers. By identifying fading horses and those rallying towards the finish, you can determine which horses to include beyond the expected winner. This will help to optimize your exotic tickets for better chances of success.
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Click below to check out the latest horse racing news and updates from The Sports Geek.
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We encourage you to gamble responsibly and consider online betting as a form of entertainment, not a source of income. Set loss limits and time limits, and don’t bet more than you’re comfortable losing.
Here are some resources to help you, or someone you care about, gamble responsibly and get help:
- The Sports Geek’s Responsible Gambling Guide
- Have A Game Plan – Complete Responsible Gambling Resource
- Gamble Responsibly America App (downloadable)
- KindBridge Behavioral Health
Horse Racing Tips Key Takeaways
Our horse racing betting tips will provide you with the essential strategies to achieve success on your wagers. Understanding the different types of bets, how to use class and running styles, and researching past performance will help you boost your confidence with your picks. Tracks, jockeys, and weather all play a key role in a horse’s success, so it’s worth reviewing these valuable insights.
We recommend Bovada as the best site for beginners looking to wager on horse racing. Good luck! We’re rooting for you!
