How to Make Money on Horse Race Betting

How to Make Money on Horse Race Betting

If you have ever asked yourself, how does horse race betting work? How do I make money in Singapore pool racing? Then you came to the right place.

The following guide to betting on horse racing will show you how to select horses with the biggest probability of winning the race and the horse that will deliver the best value for your wager.

When you’ve finished processing the information in this post, you’ll be able to select winners in horse races with sufficient regularity to beat bookmakers at the upcoming online horse racing betting in Singapore!


Learn from the Jockeys and Trainers

Particular trainers are very familiar with their stables and are, therefore, an exceptional source of information. Learn which trainers or stables are performing well and look at their jockey selection to see how much they believe in their horse’s ability.

Jockeys can be a good source of information too. They may offer a public opinion of their horse’s likely chances in a race or have ridden the horse previously. If they’ve ridden it previously, it means they have experience and knowledge that they may be able to use to their advantage.

If a trainer or stable has several horses in the race, yet there is a star jockey racing one of them, you can be sure that the jockey has probably hand-picked the horse. This gives further indication of its likely chances.

If they’ve raced multiple times in the afternoon but then traveled a long way to race just one horse in the early evening, you know that horse must be worth consideration – with jockeys often having to cover their own transport costs.

Jockeying requires extreme skill, and the world’s best are in demand, with lucrative contracts up for grabs.

Jockey/trainer combinations are an excellent way to start basing your selections upon. However, in high-profile meets, this can end up being most of the field, so you have to look deeper into your statistics.

One interesting market that bookmakers offer at a meet is the ‘leading jockey’ market, with 3 points behind awarded for a win, 2 for a runner-up finish, and 1 for third. If you have a favoured jockey that you think will perform well at a meet, this can be a way to pick up some value at higher odds.


Look at their Trial and Previous Form

Form refers to the horse’s previous races, including barrier trials. Barrier trials are often used as warm-ups and can be a key factor when deciding which horse to bet on in smaller races.


For more experienced horses, you can look at their previous form – the majority of horses will race at least several times a year.

It’s not just winning that counts; look for good finishes in races where they came up against extremely good opposition. If they’re against weaker opponents this time around, they may be able to claim victory.

In contrast to this, if a horse has won recently, be sure to look at whom the horse has beaten. If it hasn’t beaten anyone good, then it could potentially be a one-off result.

Finding or creating a reliable, detailed form guide is tough – but that’s where you’ll make your money. If it was easy, everyone would be doing it, and bookmakers would no longer be in business.

Finally, when considering form, you’ll want to look at the class of the race and the purses on offer. If it’s won a huge race for a big payday, these are rarely complete flukes.


Check the Conditions and Track Formation

Weather conditions play a crucial role in horse racing, perhaps more so than any other sport.

Some horses prefer to race on sticky, wet surfaces, whereas others prefer hard, fast tracks. If the going gets tough (or soft), stick to horses you know have had success on similar ground in the past. Heavier horses will also typically find it tougher on the softer, wetter ground because running on this type of surface consumes more energy.

It’s recommended that you know the going of a track before placing your bets. To find the ground, or the ‘going’, of a track, you can simply Google the course name + the word going, and you should find plenty of up-to-date results for the day’s races.

You also need to look at track formation – determine whether there is a sharp incline at the end of the race, a sharp bend halfway through, or if the turns bear right or bear left. Finally, you will also need to consider whether you’re betting on flat or jump races, and learn the intricacies each discipline requires.


Educate Yourself on the Types of Betting Markets

There are several types of betting markets that are popular amongst horse bettors.

The most popular market with professional horse bettors is the outright victory market. Backing horses to win – when they offer value – is the best way to secure long-term profits in this game.

Also popular is each-way betting, whereby you’re sacrificing your odds, usually by a quarter, but sometimes by a third or a fifth, to cover more than one place – usually the top four.

Each-way betting is only really effective when picking horses with significantly higher odds, such as 16/1 and above. This is because you end up risking too much money to essentially break even as a result of their placing.

Remember: you should always choose to back your horse at the odds in the offer, don’t risk taking the ‘Starting Price (SP)’ odds. Long-term, this will lose you money, especially as many bookmakers offer Best Odds Guaranteed promotions, meaning you get paid out at higher odds if the odds do increase before the race starts anyway.

You also have the option to add some excitement to the mix, although these are significantly riskier and more like challenge bets than solid horse racing tips style bets, with multi-bets such as trebles, Lucky 15s, Yankees, and more. In contrast with typical accumulators, these styles of bets don’t require you to win every single race for a return. However, if two or three horses do win, you should turn a profit.

If they all win, you could just hit the jackpot – although initial stakes can be quite costly, and the chances of hitting these are minimal. Still, if you’re confident in your selections, you may just have a bigger payout overall.


The Bottom Line

It all comes down to a game of numbers when it comes to horse racing, and it is up to you to determine what those numbers are at any given moment. If you are able to determine a horse’s perceived chances of winning a race and the odds being offered are notably good value in comparison, then you are well on your way to a very prosperous career in betting on horse races.

When considering how to improve your profitability in horse racing betting, it is important to consider all of the horses competing in a race and make an effort to chart out their most recent victories and defeats. Why did the results of their most recent races turn out the way they did?

Look to the riders and the stables for clues as to whether or not a horse has a chance to win. If a great jockey is willing to spend his own time and money traveling hundreds of miles away for a single race, the horse must have a chance of winning.

To be successful in this field, you need to implement the strategies discussed above, as well as a measure of some good fortune.

Try your hand on horse betting here at the best online betting platform – 88ProBet!

Read more: How to Improve Odds in Horse Betting