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5 steps to make money on horse race betting

5 steps to make money on horse race betting

Horse racing has been bet on by fans since it was invented. The sport has always been popular with punters and even today, millions of pounds are wagered each year at tracks across Great Britain. With races run nearly every day at race course around Great Britain, bettors are always looking for a great way to win. Horse racing fans can use the latest Coral promo code to wager on races every day and predict the winners.

If you are new to horse racing, you probably wonder how you can make money from betting on the sport. Horse racing isn’t simply about picking a random stud, putting your money down, and watching them run. There is a strategy to making money at horse racing and here are 5 steps to help you make money on horse race betting.

Build up a specialised area

A big mistake people make when betting on horse racing is being too general. They bet on any race type in an attempt to win money.  By specialising your area on one or two race types, you can grow your knowledge and betting skill. Focus your attention on one area, for example novice hurdles, and only research and bet on these types of races.  By focusing on one area, you will improve your winning chances.

Create a database

When you bet on a horse race, you should be creating a spreadsheet of information on the horse and race type. A database gives you evidence of successful or unsuccessful races.  Your database should have various notes on horses and races to give you information down the line. The more you know, the better off you will be for future races.

 

Be cautious

Horse racing changes with the seasons and the weather. For example, tracks will be different in the summertime and horses may run much faster due to dry, firm ground.

You should analyse horse races based on the seasons and use your knowledge of horses to make predictions for the future. Just because a horse runs well in the summer doesn’t mean the same will happen in the autumn or spring.

Review your bets

Along with keeping a database on the horses and races you bet on, you should always keep a journal of placed bets. At the end of every month, you should go back a review the bets you have made. Find out what works and what doesn’t.

By reviewing what you have done, you can come up with an idea of future bets. You can also find out where you have gone wrong with your bets.

Wager on small yards

Big name stables can be overbet by regular horse race bettors. This is due to their reputation, the trainer’s pedigree, and the flavour of the month horse being touted as the next big thing.

Small yards may not have a big name behind them, but they are out to prove themselves in the sport. By staying away from the hype of the big names, you can make more money betting on horse perceived as underdogs.

 

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