TOP ONLINE SPORTS BETTING LOGO

STEP UP YOUR GAME WITH OUR BEGINNER’S GUIDE TO HORSE RACING BETTING

How To Bet on Horse Racing For Beginners

Horse Racing Betting in the Philippines

Understanding horse racing betting strategies is essential for successful sports betting. If you’re into sports This guide will help you familiarize yourself with the different types of bets, how to read odds, and factors that affect the outcome of a race. With this guide, you’ll be equipped with how to bet and win your bets.

What is Horse Racing Betting?

Horse racing betting is a type of sports betting where individuals place wagers on the outcome of horse races. Horse racing has gained popularity since it started and it is one of the most sought after sports across the globe when it comes to sports betting.

 

In horse racing betting, individuals can place bets on a range of outcomes, including which horse will win a particular race, which horse will finish in the top three or four places, and the exact order in which horses will finish. Odds are assigned to each possible outcome, with favorites typically having lower odds and underdogs having higher odds.

Top Online Sports Betting Website for Horse Racing in 2023

Ranking

Philippine Betting Sites

Promotions

Review Ratings

Trusted Links

#1

OKBET
4.9/5

4.9

#2

betwinner
4.5/5

4.5

#2

megapari
4.5/5

4.5

#4

4.4/5

4.4

#5

msw-logo
4.3/5

4.3

#6

dito bet logo
4.3/5

4.3

#7

22 bet
4.2/5

4.2

#8

melbet
4.2/5

4.2

#9

inplay logo
4.1/5

4.1

#10

pnxbet
4/5

4.0

Common Bets on Horse Racing and How They Work

Horse racing is a popular sport for betting, and there are several common bets that are used by both beginners and experienced bettors alike. Here are some of the most common bets on horse racing and how they work:

Win or Outright Bets

An outright bet in horse racing is a type of bet where you place a wager on a horse to win the race outright, rather than just placing a bet on the horse to finish in a certain position.

Show

This is a bet on which horse will finish in third place or better.

Place

A place bet lets you put your bets on players that will most likely win 2nd in the game. The odds for a place bet are typically lower than for a win bet, however, the chances of winning are greater since you can win if your horse finishes in either of the top two places.

Exacta

This is a bet on which two horses will finish first and second in the correct order.

Trifecta

This is a bet on which three horses will finish first, second, and third in the right order.

Superfecta

This type of wager lets you pick the first four players to win the race. It is a challenging and potentially lucrative bet because you must accurately predict not only the top two finishers, but also the third and fourth place finishers in the correct order.

Each of these bets has its own set of odds, which can vary based on factors such as the horses’ past performance, the jockeys, the track conditions, and more. To place a bet, you simply need to choose the type of betting market you want to make, choose the horse you want to bet on, and place your stake. If your bet is successful, you’ll receive a payout based on the odds assigned to that particular bet.

What is Horse Racing Betting?

Horse racing betting is a type of sports betting where individuals place wagers on the outcome of horse races. Horse racing has gained popularity since it started and it is one of the most sought after sports across the globe when it comes to sports betting.

 

In horse racing betting, individuals can place bets on a range of outcomes, including which horse will win a particular race, which horse will finish in the top three or four places, and the exact order in which horses will finish. Odds are assigned to each possible outcome, with favorites typically having lower odds and underdogs having higher odds.

Betting on Every Game or Event

This can lead to placing bets on games or events that you have yet to research or need more confidence about. Select your bet wisely and only place a bet on a game that you’re familiar with.

Failing to Set a Budget and Stick To It

Setting a budget before betting and sticking to it is essential for responsible gambling to avoid overspending.

Which Horse Racing Tournament Offers the Most Bets?

Horse racing tournaments vary in terms of the number and types of bets offered, as well as the level of popularity among bettors. Here are the list of popular tournaments to bet on horse racing

Kentucky Derby

The Kentucky Derby is known as “The Run for the Roses.” It is a famed horse racing event in the world, held annually every first Saturday in May at Churchill Downs in Louisville, Kentucky. The Kentucky Derby offers a variety of betting options, including win, place, and show bets, as well as more complex wagers like exactas, trifectas, and superfectas.

Preakness Stakes

Belmont Stakes

The Belmont Stakes is the final leg of the Triple Crown of Thoroughbred Racing and is held annually on the first or second Saturday in June at Belmont Park in Elmont, New York. It is the oldest of the three Triple Crown races, dating back to 1867. The Belmont Stakes also offers a variety of betting options, including win, place, and show bets, as well as more complex bets such as exactas, trifectas, and superfectas.

Royal Ascot

The Dubai World Cup is a horse racing tournament held annually in late March at the Meydan Racecourse in Dubai, United Arab Emirates. It is one of the richest horse racing events in the world, with a purse of over $12 million. The tournament features a variety of betting options, similar to the other tournaments on this list.

Dubai World Cup

The Dubai World Cup is a horse racing tournament held annually in late March at the Meydan Racecourse in Dubai, United Arab Emirates. It is one of the richest horse racing events in the world, with a purse of over $12 million. The tournament features a variety of betting options, similar to the other tournaments on this list.

Breeders' Cup

The Breeders’ Cup is a horse racing tournament held annually in November at various locations in the United States. It features some of the top horses and jockeys from around the world and offers a wide range of betting options, including win, place, and show bets, as well as more complex bets such as exactas, trifectas, and superfectas.

Melbourne Cup

The Melbourne Cup is a horse racing tournament held annually on the first Tuesday in November at Flemington Racecourse in Melbourne, Australia. It is one of the most popular horse racing events in Australia and features a wide range of betting options, similar to the other tournaments on this list.

Kentucky Derby

Horse Racing Betting Tips And Strategies

Here are some expert horse racing betting tips to help you increase your chances of making profitable wagers:

Research in advance before betting

Before placing any bets, it’s important to research the horses, jockeys, trainers, and track conditions. Look for patterns and trends, and consider factors such as track type, weather conditions, and distance.

Pay attention to the odds

Odds are a reflection of the probability of a horse winning a race. Look for value in the odds by comparing them to your own predictions and the opinions of experts.

Bet strategically

Consider using a variety of betting strategies, such as betting on multiple horses in a race or using a combination of win, place, and show bets.

Manage your bankroll

Regulate your betting budget to avoid losses by managing your banckroll. Setting a budget avoids future lost bets. Bet only within your means. 

Watch the races

Watching live races or replays can give you a better understanding of the sport and help you identify potential winners.

Stay up to date

Keep up with the latest updates in the world of horse racing, including injuries, suspensions, and track conditions.

Use reputable betting sites

Stick to well-established, reputable betting sites that offer fair odds and timely payouts.

By following these tips and honing your skills through practice and experience, you can become a more successful horse racing bettor.

Frequently Ask Questions

Picking a winning horse requires research and analysis of the horse’s past performance, jockey and trainer records, track conditions, and other factors. Many bettors also rely on tips and expert opinions.

When choosing a betting site, consider factors such as reputation, safety and security, ease of use, variety of betting options, and quality of customer service.

There is no one-size-fits-all strategy for horse racing betting, as it depends on individual preferences and risk tolerance. However, some common strategies include betting on multiple horses, placing exotic bets, and managing your bankroll carefully.

Yes, horse racing betting is legal in the Philippines. The Philippine Racing Commission (PHILRACOM) is the government agency that regulates horse racing and oversees the operations of various race tracks and off-track betting stations in the country. Horse racing fans in the Philippines can place wagers on local and international races through licensed operators and authorized outlets. It’s important to note, however, that like any form of gambling, it is crucial to bet responsibly and within your means.