Horse Racing Betting
Horse racing is one of the world’s oldest and popular sports. We have gathered together a list of the most famous horse racing betting markets to help you on your way. So whether you’re a complete newbie to horse racing betting or a veteran, sit back and enjoy.
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For many bettors, it is the welcome offer that first attracts them to a particular bookmaker so this is where we will start. In truth, it is fairly simple in that you can receive a €40 free bet when you join which is a great way to get started.
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Coral is a very well known brand in the UK, but relatively small here in Ireland, you can get up to €20 in free bets when you sign up as a new customer.
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BetVictor offer an impressive €100 Match Free Bet for new customers in Ireland. This is a very competitive offer for the Irish market.
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One of the most popular bets, and not just within the sport of horse racing is betting to win. In horse racing win bets consist of choosing a horse that you think will win, and placing a stake on it. If your horse wins, your winnings will be multiplied based on the odds you were given by your bookmaker. For example, let’s say your odds were 3/1, and your stake was €2, you would be given €6.
Each-way betting is especially prevalent within horse racing. An each-way bet is commonly mistaken for a single bet, when in fact it is actually two bets. Each-way bets work by placing half of your stake on a horse to win (as mentioned previously) and the other half on the horse positioning in the top of the field. If your horse finished in the top of the field (1st, 2nd, 3rd, 4th) you would receive a payout depending on your place – the higher the position, the bigger the payout.
Accumulator bets are for those looking for a little extra. One of the most straightforward accumulator bets is the double bet – betting on two horses to win rather than one. To win this bet both horses much win. For example, let’s say you bet on two horses, the first horse wins, but the second horse loses, the bet will then be lost.
Accumulator bets can, however, be higher than a double bet. Accumulator bets can be placed on up to four or more horses. The higher number of horses bet within an accumulator, the bigger the payout if all horses are to win.
Betting without the favourite horse
Also known as ‘betting without,’ this bet consists of taking the favourite horse out of the betting market. This, therefore, increases the odds of the rest of the field, as if that horse was not running. Choosing to bet against without a single horse often gives punters a higher return rate on bets to win.
Forecast and reverse forecast bets
A forecast bet is a bet placed on two horses which you believe will finish first and second. For a forecast bet to be won, these horses must finish in the exact order you predicted.
A reverse forecast bet, however, also consists of choosing two horses to finish first and second. A reverse forecast bet, however, allows either horse to finish in first or second – granted they both finish in the top two positions.
Similarly to a forecast and reverse forecast bet, a tricast bet comprises of choosing three horses which will finish in the top three of the race. To win a tricast bet, you must select the correct order in which these horses will finish.
Likewise to a reverse forecast bet, there is also a variation of the tricast bet – the combination tricast. The combination tricast allows you to win the bet as long as your chosen three horses finish in the top three, no matter which order they finish in.
What to look for when betting on a horse
Now that we know what kinds of bets are available, what should you look out for when betting on a horse? This next section will explain what you should be looking out for when placing a bet on a horse, from form to the trainer, we have you covered.
Before betting on a horse, we suggest looking up the horse’s previous race results. These are often available on the horse’s info page while placing a bet. Analysing a horse’s form before placing a bet allows you to factor in further details regarding the race – when was there the last win? What position did they finish in their previous race? Have they had any recent injuries?
Another critical piece of information you want to look for is the age of the horse. The ideal age for a jumping horse to peak is between the ages of seven and ten. It is worth noting that betting on an older horse, however, is still a wise choice, especially If they are in good form.
A horse can only become as good as their trainer. A high-quality trainer will make daily exercise plans and run through racing schedules, all while looking after the horse. Trainers are often specialised to training certain types of horses. For example, a specific trainer may be particularly good at teaching a young horse (up to the age of three) whereas others may be effective at developing top speeds.
To finish, we thought we’d leave you with a few popular horse racing events to bet on.
The Grand National
The Grand National is the biggest horse racing event of the year. Hosted on the outskirts of Liverpool, the Grand National hosts a grand prize of over £1 million. The Grand National is popular among both the Irish and English horse racing fanatics, perfect for bringing everyone together for a rivalry.
The Melbourne Cup is Australia’s largest horse race. The Melbourne cup is actually as significant as The Grand National in Australia, so much so that it usually stops the nation.
The Kentucky Derby also referred to as the ‘Run for the Roses’ is the featured event of the Kentucky Derby Festival. Just like the Melbourne Cup and the Grand National, the Kentucky Derby has the highest attendance of any horse racing event in America.
When betting on a horse we suggest undergoing some quick research on their form, trainer, age, and jockey. Depending on how confident you are in your horse’s abilities will establish which type of bet you choose to back. We recommend making use of both the ‘to win’ bets and the ‘each-way bets’ to make a start.