How to Bet on a Horse Race
Horse races are competitions where horses are encouraged to run at an extremely fast speed by humans riding them with whips, often at very fast speeds. Horse racing events are dangerous activities both for the horses and humans involved; accidents have occurred regularly during past events in Greece, Rome, Babylon, Egypt Syria and Arabia among many other places around the globe. Horse races have long been part of human culture since antiquity; Greece was home to one of its earliest known races dating back to 509 BCE!
As you wager on horse races, it’s essential that you remain aware of the odds being offered for each runner – usually displayed on a tote board at the track or online sportsbook – since these depend on the total pool of money bettors have claimed for that horse; more bettors on one particular horse equal lower odds and vice versa.
Before placing a bet, you should also carefully review a horse’s previous form and distance records. A horse with an excellent track record at its chosen distance is much more likely to win, while one which has recently achieved victories may also make an excellent selection.
Note the post position of your horse when entering a race. Most tracks have specific biases that favor either inside or outside posts; therefore a horse with an outside post in large fields could find it harder to gain an early lead and could lose ground to its rivals over time. Likewise, two-turn races that involve multiple turns could limit how far a move could travel before being caught from behind by runners from behind.
Another aspect to consider before the race is how your horse behaves in the paddock before it. Is he acting excited and eager, or turning in circles and biting at his flanks like Eeyore? A nervous horse may not conserve any energy for competition and may ultimately fail.
One way of assessing a horse’s potential win can be seen by looking at past performances of similar horses over its designated distance. Through genetics, conformation, running style, and training techniques, most horses tend to do better at certain distances than others; therefore, any horse which has not performed well at its designated distance in previous races should not be taken seriously as a contender for long races.
Finally, betting odds must also be taken into consideration. As expected, higher odds increase your chance of success when placing bets, making it tempting to favor one horse over the other, yet such bets may prove very risky. Horses sent off with odds significantly higher than you consider fair may offer value and should be carefully evaluated if they inspire confidence in you as their potential winner.