Are you a horse racing enthusiast looking for an exciting way to make some extra money in the New Year? Betting on the ponies could be the perfect outlet for your adrenaline and financial goals. Whether you’re brand new to horse race betting or a seasoned expert, 2022 has gifted us with plenty of opportunities to place successful wagers.
In this blog post, we’ll provide tips and strategies specifically tailored towards beginners trying their hand at horse race betting in 2023 – helping you get started on the right track! Keep reading to find out how everyone can gain skills and confidence while having fun doing it.
Research a Lot
The first tip on this list for any beginner to horse race betting is to do as much research as you can. If you were to ask any professional horse race bettor or anyone who has been betting on horses for some time, they would first tell you that the amount of research you do makes the difference between a winning bet and a losing bet.
When it comes to horse race betting, there is a lot you need to pay attention to. For example, you need to research the horse you will be betting on; how many of its previous races has it won? How much training does it get? How old is it? Who will be riding it? Who has been training it?
Take Your Betting to the Next Level
The next tip on this list for any beginner who wants to try their luck at betting on horses would be to take it to the next level. While it is still quite exciting to find a platform to bet on and randomly choose a few races to research, you might want to take it to the next level for more excitement and entertainment.
One way you can do this is to find a platform that supports live streaming of the race you are betting on, which increases the amount of immersion you experience. In addition, you might want to try virtual reality horse betting or simulated horse betting. This will make it feel like you are watching a real horse race.
One of the most important things you will have to do if you are a beginner to horse race betting would be to budget effectively. A big mistake many beginners make is underestimating how much their budget will determine the amount of profit they make. This is because your budget needs to be designed to allow you to bet over an extended period.
For example, you should have a budget that allows you to bet between 1 to 5% of your total budget. This means that if you have a budget of $100, you would be making bets between $1 and $5. It’s important to remember that your profits as a horse race bettor will be seen in the long run.
Vary Your Bets
Another incredibly important thing you will have to do as a beginner to horse race betting would be to first learn about the different bets and to vary the bets you make. If you have just started betting on horses, you are only probably making winning bets, which is betting on which horse will win.
However, that is not the only type of bet. You can also bet on which horse you think will place first or second and which will place first, second or third. By varying your bets, you increase the chances of at least winning something and avoiding walking away with nothing.
Choose a Good Platform
Finally, the last tip for anyone who is a beginner to horse betting would be to choose a good platform to bet on. Horse race betting has become incredibly popular over the last few years, with many sights having launched to get in on their action.
However, unfortunately, not all of these sites have your best interest at heart, and some don’t offer great odds or good payouts. As such, you should read reviews for any site you plan on betting on.