How to Bet on Horse Racing

Horse racing betting is one of the most popular past times in the UK, especially when the Grand National is on. As such, most betting sites based in the UK offer plenty of options. Here at MaxFreeBets, we tell you all you need to know about betting on the horses.

Introduction to Horse Racing Betting

If you’ve ever wondered “where can I bet on horse racing?”, this guide is just the thing you need. If your horse racing knowledge is limited, betting may seem about as tricky, as learning to speak Farsi.

Understand the Lingo

All sports have their terminology, and you’ll have to familiarise yourself with them to increase your odds of turning a profit.

Act

Act refers to the horse’s ability to perform in different conditions. If it previously showed the ability to handle the soft ground, the horse ‘acts on soft ground’.

At the post

At the post is before the race when all sprinters have come up at the start.

Won on the Bridle

The racer won easily. Jockey didn’t have to ride hard, and other horses didn’t challenge it.

The Jolly

The horse that is favourite to win the race.

NR

NR is the abbreviation for non-runner. It happens when a racer will not be taking part in the race. If you wagered on an NR horse, your stakes would be refunded.

Site Card

A printed card is usually referred to as a race card. This card lists information about the event, which horses are running. It contains the name and age of the horse and the weight of the jockey.

Maiden

A horse that hasn’t won a race yet.

Why Bet on Horse Racing?

There should be no question as to why you attend a derby. You get to spend the day outside and see horses perform at their peak. The best way to bet on horse racing is debatable, but whether or not to bet on them isn’t even a question. If you apply the content in this horse racing betting guide, you should be well on your way.

With multiple betting types, exciting events, lots of free bets offers and fantastic odds, there’s little reason not to place wagers on the races. These wagers usually have a low minimum of around £2, which makes it an inexpensive outing.  Depending on which site you choose, you could even make use of a horse racing betting calculator.

Horse Racing Festivals

If you’ve ever had even the slightest interest in equestrian sports, you’ve probably heard of events such as the Cheltenham Festival or the Grand National. These, along with the rest of the famous festivals, are multiple-day race meetings. These are fantastic for some horse racing betting tips and getting into the spirit of the event.

Cheltenham Festival

The Cheltenham Festival takes place in March each year at the racecourse of the same name. Seen as the world’s most esteemed National Hunt race, they estimate that punters wager about £600 million at this prestigious four-day event.

Grand National

The Grand National, which is at Aintree in April, is seen as the world’s most fabulous jump racing extravaganza. About 150,000 attending spectators share in the excitement. This three-day event takes place in April every year and gathers around 600 million TV spectators.

Goodwood

The annual five-day Glorious Goodwood takes place in August. With no shortage of strawberries and champagne, this festival combines the sporting and socially elite.  This is another of the biggies that attracts a huge number of visitors and bettors.

Where to Bet on Horse Racing

The good news is that betting on horses is entirely legal in the UK, whether you do it at the racetrack or via an online bookie. Below you’ll find some of the best horse racing betting sites with their welcome bonuses. Remember that the odds between bookies can vary so you can place multiple wagers or look for the ones that fit your budget and choice. most of these sites offer you the choice to bet ante-post and many offer live betting and live streaming. You will also find features such as cashout for select races on select sites.

BetVictor New players can claim £30 in bonuses when they place a £5 qualifying bet at 2.0 or higher odds. This online sportsbook also offers great odds on UK horse racing betting. BetVictor isn’t only a high-quality bookie; it also provides over 900 casino games ranging from slots to table for the punters with a taste for more. If this wasn’t convincing enough, this site has low deposit and high withdrawal limits.

Horse Racing Live Streaming

Almost all the bookmakers mentioned above offer horse racing live streaming on the latest horse racing betting. Probably the best way to bet on horse racing when you can’t make it to track or when you have other obligations.

How to Bet on Horse Racing

To place winning bets, you have to understand the different strategies and types of bets. A great combination of these improves that chances that could leave you smiling at the finish line.

Understanding The Strategies

Horse racing betting systems is critical to understand because most people only watch the sport to place wagers on it. Serious punters use strategies to increase their payoffs.

Do Some Research

Take a look at the racing forms before placing a wager. It’ll give you some great insights to make a more informed decision. Knowing your jockey and horse help you understand how they’ll fare on the racetrack and under the specific conditions which will help with placing a bet.

Make Different Types of Bets

Learn how the different types of bets work so that you can integrate them. Using the different types strategically could help you rule your wagers.

Shop Around for Best Odds

Possibly the simplest way to increase your payoff is to shop around for different odds as these aren’t the same with all bookmakers. Once you’ve selected your horse, take a look at where you can find the best odds.

Don’t Bet On All Races.

Place multiple bets to increase your odds, but be careful not to bet on races that you haven’t thoroughly researched.

Check Your Finances

Always ensure that you have enough money to start wagering. Responsible betting is important, so decide how much you can afford to spend and stick to it.

Types Of Bets

All sports betting has various types of bets that you can place. Betting on horse racing can be split into two categories of bets, namely straight and exotic wagers. Straight wagers are recommended for new punters as you simply select one horse to place first, second, or third.

Exotic wagers are for the more experienced players as it allows you to place multiple bets on different horses in a single wager. Below we’ll go into some of the common types of bets.

Win / Single / On The Nose

You’re betting on one specific horse to place first. The odds are average on this type of bet.

Each Way

You’re essentially placing two bets, one is on your pick to win and the other for it to ‘place’. This wager is riskier but could be fruitful.

Place

You’re placing a wager on a horse to place first or second. The odds are better, but your winnings will be less.

Show

This type of bet has much better odds of winning with a smaller return. The horse you select must come first, second, or third.

Exacta

You bet on two horses, and your picks must place first and second in exact order. This wager could have a high payout dependent on the horses’ odds.

Quinella

The wager is placed on two horses again; this time, they must place first and second in either order.

Daily Double

The horses you select must win the two consecutive races. The payout could be delightful, dependent on the horses.

How Do the Odds Work

Equine betting can be very profitable when you understand how odds work. Nobody enjoys throwing money away, and if you don’t know how this works, you might do that. Read on to make some sense of the odds.

Odds are expressed as fractions in the UK; you’ll find it in this format at the racetrack and horse racing betting sites from the UK.

The odds will usually be displayed as 5/1, which means that you’ll receive £5 for every £1 wagered. The rule states that the top number of the fraction reflects the payout and the bottom number, the wager. Another example of odds could be 12/3, where every £3 that you bet could return £12 profit.

It’s commonplace in Europe to display odds as a decimal, and you might find it that way when wagering online. You would usually simply multiply your stake with the decimal to see your winnings.