The Ins And Outs Of Racing Betting

The Ins And Outs Of Racing Betting

Horse racing is a huge sport in Australia and New Zealand, for a very good reason. Spectators and punters are drawn to the various tracks around the country in droves each year to take part in the carnival like atmosphere and watch one of the worlds most majestic animals battle it out at blistering speeds. There are very few experiences which compare to the sheer thrill of thundering hooves and rippling muscle as the pack round the bend for the home stretch.

Of course, the added thrill of horse racing is the chance to potentially win huge amount of cash. Online Australian betting sites offer a multitude of different options including betting types, various races and differing odds. This article will help you to make the most of your racing bets in order to turn a profit.

It’s a Long Term Thing

The main thing to remember about racing betting, and in fact any kind of sports betting is that it’s a marathon, not a sprint. Sure, you may win a few bets initially, but in order to turn a really decent profit, you have to plan ahead. Gambling veterans know that losing a few bets isn’t the end of the world, in fact, if done right it could actually increase your profit long term.

Playing The Odds

This ties in with the previous tip. Favourites in a race will almost always have high odds of winning, which equates to a low payout if they do win. This means that backing the favourite won’t actually win you a lot of cash, even if your bet is successful. Backing a less popular runner with higher odds against him will prove much more lucrative should you win. Of course, the chances are higher that he may not, which is where the whole losing isn’t the end of the world bit comes into play.

Keep Records

Keeping records of your bets will often show a pattern that you may not have noticed otherwise. Humans are creatures of habit, whether they know it or not. Reading over your previous results may reveal either a winning or losing streak and the reason behind it, which will, in the long run, improve your betting ability.

To System or Not to System?

This is a question which almost every punter asks at some stage, do betting systems work, and should I be using one? The answer to this is unfortunately not straight forward at all.  There are three main views on the topic according to experienced punters:

  1. Those that use systems, don’t win but still think that they work.
  2. Those that have used systems also didn’t win and don’t believe in them at all.
  3. Those that have a system, win, but won’t tell you about it.

The thing about systems is that the more people which use them, the less likely they are to work. This all comes down to odds again. A widely used system will cause a horse which may not have been the favourite, to become the favourite. This will push up his odds of winning and in turn lower the profit. Developing your own structure through research and trial and error is the best way to go, but if you hot on a winning one, don’t tell anyone!