As this year promises to deliver the most anticipated horse racing events, it also paves the way for every horse enthusiast and bettors to play and test their luck in race betting. Since there will be no changes with the Triple Crown Series, everyone is now looking forward to the upcoming Kentucky Derby, Preakness Stakes, and the Run of the Champions, the Belmont Stakes.
But how can you wisely make a bet and ace a win during these races, especially during the longest of the three, the Belmont Stakes? If you’re a newbie in horse racing betting, you might need to read this and use this as a helpful reference guide when you start betting.
But if you’ve been down the road for a long time, you might enjoy a refresher. Ready to dive down a crash course? Continue reading…
Learn The Betting Basics
This is the most important thing you need to understand and learn first and fast! Just like any other sports betting, horse racing betting has some betting basics that you need to familiarize yourself with. Let’s start with the Betting Types.
Betting Types come in two major categories: Straight and Exotic Wagers.
It would help if you remembered to differentiate these two because straight wagers place a bet on one horse ONLY, while Exotic Wagers allow you to bet on multiple horses in a single bet.
For starters, in Straight Wagers, you only need to familiarize these three: Win, Place, and Show. You can learn Across the Board and the Win/Place and Place/Show later.
Win: The easiest; you need to bet on the horse you think that’s going to win. If your horse wins, you collect your profit.
Place: You need to choose if your horse will place first or second. If your horse falls either of the two, you win.
Show: In show bets, your betting that your horse will come in either in first, second, or third. If your horse is placed third, you still win, but profit is lesser than the two first mentioned.
When it comes to Exotic Wagers, you need to be comfortable with your horse selection, as getting to know your horses is the most formidable reference that can help you in this type of wager.
Exacta: The idea is simple with Exacta; you need to be sure that the horses you pick for first and second will win and be in the right order. If you’re not comfortable enough, you can “box” your horses, so you still win even if they’re not in the right order as long as the horses you bet place first and second.
Quinella: Quinella and box Exacta are somehow similar; however, slightly different when it comes to cost. It has the same ideology, but Quinella is less cheap. When you wager in Quinella, you place $5, but when you wager in a box Exacta, you must pay $10. That’s double the price.
Trifecta: The same idea with Exacta, but you’re betting up to the third place with Trifecta. Horses must win in order, but in a box Trifecta, you can still win if they come in any order.
Superfecta: This time, you’re gambling up to the fourth place. This is a good spot for newbies who want to try their hands on Exotic Wagers as the minimum cost for Superfecta is 10-cents only, making it more appealing to many people.
In prestigious races such as Belmont Stakes, many bettors place their bet in Exotic Wagers. If you want to try your luck, you need to be resourceful when handicapping your horses. You can take a look at many betting information sites to give you a gist of it.
Research is the key.
Casual bettors often miss this vital key but for seasoned and professional bettors, doing your homework is one of the basics not just in horse race betting but in all types of sports betting. Your betting strategy can be influenced when you look into a form guide or even research the top contenders of the race. All of these details can affect your decision making, which is why you must take time to do your research and analyze.
Manage your bankroll.
We know betting is somehow addicting, especially if you’re on a roll of winning. But, hold and stop for a while. To be a wise bettor, you need to possess one of the qualities that you know how to manage your bankroll. This is why you must keep track of your betting records. This will allow you to have control over your spending and betting habits. Also, you’ll know as well your betting expenses. You need to set a limit because betting is fun only until it ends.
Takeaway
Sports betting had lived throughout the years, and with historic races such as Belmont Stakes up and coming, there’s no doubt that sports bettors will flood the gates or sign up for different online sport betting sites. However, if you’re new to horse race betting, you better hold your horses and learn its ways first. Sports betting can be intimidating, but it could be fun as well. You need to learn the in’s and out’s before diving into it right away. Belmont Stakes is set for June, you have plenty of time to study, or you can try your luck in minor events to get the hang of it.
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