Horse racing is regarded as an engaging and rewarding equestrian sport for many Singaporeans and Malaysians, particularly those participating in betting. It gives punters a thrilling experience and an opportunity to make money.
With the increase in popularity of Singapore horse racing betting, there comes the need for guidance on the right way to bet on horse races and win. Below are some practices you should do and things you should avoid to improve your chances of winning.
DO: Know the Different Types of Bets
Part of learning the basics of horse race betting is knowing the different types of bets and how they work. Understanding each type of bet can help you choose the right market to wager on and increase their winning chances.
Horse race bets are categorised into two: Straight Bets and Exotic Bets.
Straight Bets – These are the best bet types, especially if you are a beginner, as they are simple to understand. In this market, you will only select one horse.
- Win Bet: This bet involves betting on a horse to place first.
- Place Bet: This type of straight wager involves betting on a hose to place first or second.
- Show Bet: This involves betting on a horse to place first, second, or third.
Exotic Bets – These types of horse race bets allow you to bet on multiple horses in a single race. However, while exotic bets let you wager on multiple horses and increase your potential earnings, such bet types can be more expensive and riskier than its counterpart.
- Horizontal Exotic Bets: This type of wager is essentially a parlay that allows you to bet on two to six races by placing Daily Double, Pick 3, Pick 4, Pick 5, and Pick 6.
- Vertical Exotic Bets: In this type of exotic wager, you have to guess the correct finishing order of one race. You can bet on a race’s top two, top three, and top four by placing exactas, trifectas, and superfectas, respectively.
DO: Choose the Right Races
Choose horse races to bet on depending on your betting skills. While it might be tempting to bet on big races for larger payouts, it is often better to focus on smaller horse races, particularly if you are a beginner or a casual bettor.
Big horse racing events usually have a lot of horses in them, and the Singapore horse racing odds are often against you. On the other hand, smaller races have fewer horses, which means you will have a better chance of selecting a winner.
DO: Know When to Walk Away
You must put a limit on your betting activities – restricting the number of times you can bet and how much you will wager on a single day. This will allow you to stay disciplined and know when to call it quits regardless of a win or lose streak.
It is vital to be smart about your horse race betting activities and budget. If you find that you are on a losing streak, it might be better to walk away from horse racing betting for a while. You can utilise this break to strategise on how you can increase your chances of winning.
DO: Place Different Wagers
Sticking to only one type of bet can limit your betting experience. If you want to bring your horse racing betting experience to another level and increase your potential payout, try placing different wagers.
In fact, in horse race betting, you can bet on numerous horses in one race. The more you bet, the more chances of winning. You can either place a win, place, or show bets or go for more challenging bets – exotic bets – you can reap the benefits from these types of bets if they are done right.
DO: Keep A Record of All Your Bets
Responsible gambling starts with tracking how much you bet, the amount you get for your cash back, and how much you lose. This can help you be on track with your gambling budget.
Furthermore, it would help if you keep tabs on your wins and losses from past horse race betting events. Having a logbook of all your bets can help you determine where you went wrong, what you need to look out for on your next betting activity, and how to select the right horse to win.
DON’T: Get Too Confident
Winning a bet can give you an adrenaline rush and increase your confidence. Still, you should learn how to contain your joy of winning and avoid getting too confident with your next betting activities. It is critical to keep your feet on the ground and not forget your betting process.
DON’T: Bet Without Reason
Betting on a whim is a mistake you should avoid as it can lead you to lose more money you cannot afford to lose. On the contrary, horse race betting can be competitive. Therefore, it is essential to use logic and facts when placing a bet.
One of the tips you should remember when betting on horse races is to make an informed decision through the utilisation of information online and on the racetrack.
DON’T: Spend Your Money All at Once
Apart from betting without reason, another mistake you need to avoid is spending your money on a single betting activity or day. It is not sensible to bet all your money in one go – this puts you at risk of losing more than you can handle if you lose.
While it may be tempting to win a larger amount at one event, betting according to your budget is recommended when engaging in horse race betting. Moreover, it is a good practice to have a bankroll and strictly manage it. This way, you can have better control of your money and avoid disbursing other finances.
DON’T: Ignore Little Details
Betting on horse races is not just about selecting random horses and wagering a large amount of money on them. There are some factors you need to consider before placing a bet. You must consider the horse’s behaviour, competition level, performance statistics, and other information about it, such as history with the jockey, that you can obtain through research.
Where can you start betting on horse races?
88ProAsia is the ultimate destination for bettors looking for the best horse racing odds in Singapore and Malaysia. It is the trusted online gambling website in the two countries, providing a wide range of online sports betting markets, and striving to establish a long-lasting, positive relationship with its customers and the online gaming community.
88ProAsia’s online entertainment site also aims to provide its customers with an unmatched betting experience by offering the best bonuses and promotions in the industry. Start your horse race betting journey today by registering for an account at www.88proasia.com.