The world of online sports betting is expanding at an exponential rate. It is at the point where even the most niche sports have sportsbooks that allow people to bet on them. However, one sport got everything started long before there were apps and websites for people to use to make their sports, and that sport is horse racing. Horse racing has long been the most popular and glamorous sport for people to place bets on. In fact, the industry is largely held up by the betting industry. As a result, it should be no surprise to hear that it has expanded to the online sector to allow more people to place bets. Here we will be providing mobile betting tips for people that want are new to horse racing.
When in Doubt, Wager on the Favorite
When you get involved in any type of sports betting, it can be appealing to place bets on the underdog. After all, there are larger payouts when you place a successful bet on an underdog than if you win betting on the favorite. That being said, underdogs are underdogs for a reason. Typically, they do not win, and the favorite is victorious. As a result, it is more profitable to bet on the horse with the lowest odds when you are starting out. The favorite wins roughly one-third of the time, so you will profitable roughly 33 percent of the time when you bet on the favorite.
By doing this, you will be able to learn about the horses and see the strengths and weaknesses of each horse for yourself. As you become more knowledgeable, you will be able to start making bets on underdogs when you feel conditions do not favor the favorite. However, when you are starting out betting on horse racing, you should stick to wagering on the favorite.
Look at Tip Sheets and Handicap Aids
Whether you are at the race in-person or on your mobile device betting live on sports, you should use tip sheets and handicap aids to help you out. These aids provide players with useful wagering selections, and they showcase the odds of each horse. Having the odds for each horse laid out in front of you can make things easier for you.
Watch the Horses Before You Race
When you are betting on horse racing, you can wait to make your bet until just before the race starts. As a result, it is better to wait until close to race time to make your bets. Before the race starts, you should keep the broadcast signal on so that you can watch the horses while they are in the paddock. You can see which ones look antsy and which ones look lethargic. You might not have much luck using this information as a beginner, but as you watch more races, you will be able to see what certain body language means, and as a result, you will be able to make better bets, even when betting on mobile.
Do Some Research and be Aware of the Race Details
A common mistake people new to mobile betting on horse racing make is that they think races happen in a vacuum. They assume that every race is under roughly the same conditions, and as a result, all that matters is which horses are in the race and how they perform that day. That could not be further from the truth. Tracks are not the same and the weather is not always the same. Some horses perform better on grass rather than on the dirt. This can be compared to tennis where there are several types of courts. Some tennis players are better on concrete than they are on dirt. Knowing these things will improve your odds of winning a bet.
Furthermore, you could find a dark horse that performs poorly compared to other horses in good conditions, but in bad conditions, they perform better than the favorites. Inexperienced betters do not think to look into these things, and as a result, they do not perform as well. If you take a little time before the race to do some research, you will perform much better in your bets.
Look at the Rankings
Like other individual sports, there are world rankings for horses and jockeys. As a result, you can look at the rankings before the race starts. Most competition sites will have a section on their website that displays the world rankings for each horse in upcoming competitions. World rankings take into account several recent performances, and as a result, they provide a better look at how a horse might perform than just the most recent race. Keep in mind that any horse can have a bad race, so you need to look at more than just the most recent race to determine which horse you are going to bet on.
Create a Budget
Whether you are betting on horse racing in-person or on your mobile device, it is important that you set a betting limit for yourself. It might seem obvious, but many people do not think to set a budget for themselves before they get started. Instead, they think that they will know when to stop, or they think that they will perform so well that they will not need to stop. However, that is a good way to lose more money than you can afford to lose. So, you should set a budget for yourself before the races start. You should only ever bet money that you are prepared to lose, so make sure your budget accounts for that. Additionally, by making a budget of the money you are ok losing, you will have a better time watching the races because your livelihood does not depend on it.
Betting on horse racing on your mobile device can be a lot of fun, but if you jump in without any knowledge, you will not stand a good chance of winning. As a result, it is important that you follow the tips that we looked at above, and do not be afraid to do a little more research before you get started. Having as much knowledge as possible before you make your bets will allow you to make informed and better decisions. As a result, you will stand a better chance of making a profit.