Horse racing is one of the most popular sports worldwide, with over thousands of bettors betting on a single horse racing event alone.
There are hundreds of horse racing events that you should know about as a horse racing fan, including the best runners and riders. One of these events is the Grand National, held annually in England.
That said if you’re a horse racing enthusiast and a bettor simultaneously, this is an event you should not miss. If you’re new to horse racing and want to join in on the fun in the Grand National, you’re in luck because there are tips that you can use in this event.
Not to mention that they are an excellent way to start learning your way through more complicated and situational horse racing betting strategies that you want to learn in the future.
Amp Up the Research
One of the first things you should consider when betting on horse racing is doing your research. Unfortunately, thousands of people bet on horse racing, and only a tiny percentage of them do their homework, which is a missed opportunity given that even a little research on the horses can make the difference between winning and losing a bet.
An excellent way to start your research is to look into the form guides. All horse racing events feature a form guide containing critical information about the event and horses and jockeys participating. Of course, the form guide alone won’t tell you which horse to bet on, but with the information given on them, you can make an educated guess with your bets.
One of the information that can be seen on the racing form is the time and location of the races and the distance of the course. After obtaining this information, you can do a quick search on the internet about what kind of track is available for each location. You’ll then know if the course uses synthetic, dirt, or turf.
This is important because each horse has a specific type of track surface it excels in. For example, for a heavy-footed thoroughbred, running on dirt hinders its speed significantly, while on a turf surface, it excels.
Don’t Focus Too Much on the Favorite
Horse racing is one of the sports that is too unpredictable. Horses constantly shift gears like one minute they are excelling, and then the next, it becomes three places down. As a result, your favourite will not always win the race, even though it has a good chance of winning the race. This is especially true in the Grand National because of the jumps involved. One mistake and the horse will be left behind in the dust.
When placing your bets, look at the famous horses. Favourites tend to end up in the first three but not necessarily the first. On the other hand, Outsiders are likely to do better and offer up a lot of value in the first place.
Shop the Odds
Looking for value bets is essential if you want to have a significant payout at the end of the day. This can be done by shopping your odds. Of course, this does not only apply to horse racing, as this is essential for betting in general.
Also, this doesn’t apply to pari-mutuel betting because the size pool constantly changes. So how do you do it? Once you have chosen a specific horse on a live horse racing event that you want to bet on and the type of bet you’ll be putting your wager in, you can begin to shop your odds.
You can do this by checking on multiple horse betting sites and the on-course bookmaker and seeing the odds they have published. Again, this is to look for the most considerable value and bet on it.
Sure, the difference between bets can be a few pounds more, but when you add them up over time, they can go to at least hundreds. The best part of this is it doesn’t take much of your time.
Avoid False Favorites
Bookmakers tend to put out false favourites when publishing their odds, especially the on-course ones. Bookmakers do this to trick punters who blindly bet on the favourite most of the time.
This is pretty common for smaller events, but you can sometimes see this on more significant events like the Grand National. If you don’t want to fall victim to this, you should do your research.
The Grand National is upon us, and many bettors are waiting to make it out with significant sums of money at the end of the day. If you want to be one of them, following these tips are your best bet in winning some of your bets. By following these tips and a little bit of luck, you might just go home with a big-money bag.