21.10.2022 - One of the most notable American horse racing events will commence soon in the latter part of the year. The Breeders' Cup, known as a global championship for horse racing, presents a series of events in which people worldwide participate. So, you can expect significant payouts and more competitive runners.
As such, you should increase your chances of winning to get a chance of winning millions of money. To help you, here are five things that you'll need to remember.
Wait Before the Race Starts
Once the race you've been waiting for starts, it can be tempting to bet on the horse that started strong. However, if you've tried any betting before, you'll understand that not every strong player or horse at the beginning can persevere. So patience and waiting for the chance to bet is a good habit to practice.
With your research about the horse's past races, records, and current observations, take your time to figure out who would be the best horse you can bet on. Then, wait before the race starts instead of leaving a sour taste in your mouth.
Consider the Horse Racing Odds
Horse racing odds present your possible winning money. So, if you find a 7-2 odds, you can get $7 for every $2 you invest on top of your original bet. In a way, the odds also present the "favorite," the horses favored by the oddsmaker.
After a thorough investigation, various sportsbooks like TVG, present our expert picks and show the odds to the bettors. The favorites are usually the ones with lower numbers than their odds. Thus, you'll get lower payoffs if you are on favorites with higher chances of winning.
Likewise, the horses on the other part of the spectrum are called the "longshots" and are presented with bigger numbers. Again, longshots have lower chances of finishing first; if they do, you can get a bigger payout.
For example, between 4-1 and 9-1 odds, the former is the favorite, while the latter is the longshot. If you bet on the favorite, a runner that can outright finish the race, you can receive $4 for every $1. In contrast, betting on the longshot will get you $9 for every $1 bet.
Thus, you must always check the percentage or the odds are in your favor and place a considerable amount on that horse. So, you must also be strategic in placing your bets to have return profits.
Manage Your Bankroll
As much as you want to win every race in the Breeders' Cup, you must never forget to have a proper plan and strategy. Part of that is the management of your bankroll. You can describe the bankroll as your "betting budget," the total money you've set aside solely for gambling purposes.
One of the simple reasons is that you have a sense of control over your money, and you don't chase your losses by trying to recover the money you've lost. With the proper bankroll management, you'll be able to handle a loss of money without losing some more.
To effectively do this, you must first ensure that your financial situation can handle a bankroll. This means that after paying your bills, rent, groceries, savings, and the like, will you still have enough money for the bankroll? If you've finally set money for the bankroll, placing it in a separate bank account would be best so you won't be tempted to touch your savings.
Most importantly, you'll now have to practice self-control and how you will place your money on your stakes. Remember that the money you're going to place is the total amount you're willing to risk.
Consider Sticking in Standard Bets
Another way you can improve your chances of winning is by placing stakes on simple bets: win, place, and show. These standard bets are simple and popular bets offered by most sportsbooks. As such, sticking with them can help you focus on beating the first finishers without many complex guidelines.
In betting for a win, you'll only need to place your bet on a horse you think will outright win the race. Meaning the one you think will finish first. Meanwhile, the place is the type of bet where you'll stake on a single horse to finish either first or second. Lastly, show bets involve betting on one horse that can finish first, second, or third.
Although place and show have lower payouts than win bets, they're still relatively good bets to participate in.
Understand That Horse Racing Is Unpredictable
Lastly, you'll need to understand that there are no certainties in horse race betting. Odds may have been presented, and their history foresaw their excellent performances. What happens during the actual race is unpredictable. Therefore, you can only profit from horse race betting if you truly understand that it's a game of chance. Still, the preparation you've made and the strategies you've formulated increase your chances of winning the game significantly.
Now that you've finally learned how to increase your chances of winning your bets, you must make a move. The Breeders' Cup is just around the corner, and there's no time to delay. Always remember all the things written above to guide you during the day.