Horse racing has long been a part of gambling, dating back to the ancient Romans. The pulse-pounding excitement of watching the best thoroughbred races has only grown and spread across the globe. Today, fans of the sport of kings can set up betting stations in their living rooms and place hefty wagers with a half-dozen bookmakers, all with the promise of winning big if their picks come through.
Our guide covers the intricacies of betting on the equine competitors. We then offer tips on which horses to back and which not to back in the upcoming races in Singapore. The reason we go to this length is because while horse racing betting is as time-honored as the race itself, the punter who wants to succeed must operate with the same advantage as the horse that crosses the finish line first.
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Horse Racing Betting Guide
- How Horse Racing Betting Online Works
- How to Use Horse Betting Strategy
- Best Horse Races for Singapore
How Horse Racing Betting Online Works
Placing a bet on a horse online is not much different from doing so in person. Either way, you're simply making a decision about what will happen during a horse race. If you bet on the right horse, you win. If you bet on the wrong horse, you lose. But betting online has a huge advantage over betting in person: When you bet online, you have access to a much larger pool of potential bets, because virtually every online bookmaker offers not only local races, but many, if not all, of the horse races taking place around the world on any given day.
Types of Horse Racing Bets
Every leading online horse racing betting site in Singapore has a selection of great betting markets tailored for horse racing fans. With all this in mind, it's only natural that these punters would want to have a good time watching the actual events and make a nice return in the process. To achieve this, they should really have an understanding of the basic horse racing bets that exist and then move on to grasping the concepts behind more complex betting options.
Straight Line Horse Racing Bets
Beginners who are new to horse racing betting should simply start with straight bets. These bets require the least amount of knowledge about horse racing and do not require any kind of advanced understanding of the sport. At the same time, straight bets are usually quite cheap, so they don't force the bettor to risk too much money. There are several types of straight bets, and here are a few that you might want to consider trying.
- Bet to Win - players bet on the horse they think will win the race and come in first.
- Pick - as the name suggests, you predict where your chosen horse will finish.
- Show the Bet - players bet on a horse to finish in the top three places in the race. In other words, you win if you correctly guess the order in which your favorite horse will finish in the first, second or third slots.
- Win-Place Show Bet - This bet covers all bases and refers to a situation where your chosen horse finishes in either first, second or third place.
Once you have a solid winning streak, you can move on to more complex bets that have a much greater potential payout:
Exotic Horse Race Bets
Compared to standard bets, exotics increase a horseplayer's financial rewards by expanding the nearly infinite scenarios that bettors can gamble on. These scenarios offer a much bigger payout because to win the bet, you have to be right about a bunch of things. Or in some cases, just one more thing than you'd need to be right about in a standard bet. If you place a standard bet at an online bookmaker in Singapore, there's a good chance you'll come across these exotic bets.
- Exacta - In this bet, the punter predicts two horses to finish first and second. You only win if the horses finish in the exact position predicted.
- Quinella - unlike the exacta, quinella bets are predictions on two horses to finish first or second in any order.
- Superfecta - similar to the trifecta, but the difference is that you pick four horses instead of three. You also win in the order in which you placed your bet.
- Trifecta - this is a bet on the three best horses to finish first, second and third in the exact order you have selected.
- Hi-5 - bettors pick the first five finishers of a horse race in any order to win.
Exotic bets can also be placed on several different races to up the ante. These bets are a bit different than straight and across the board bets. They are riskier, but the potential rewards are much greater.
- Daily Double - where bettors pick winning horses in two consecutive races and collect their winnings.
- Choose 3 - similar to the Daily Double, this bet allows you to pick three winners in a row and increase your winnings by combining them. Each horse must win in its respective race, and when you accomplish this feat, you'll feel like a million bucks.
- Select 4 - Players have the opportunity to wager on the outcomes of up to six consecutive events as to which horse will win each race, and if they guess correctly, they stand to win a substantial payout.
How to Use Horse Betting Strategy
Use your new-found wisdom to your best advantage and start betting on horses today. The various forms of betting should not intimidate you. If you have worked through our Singapore-style horse betting tutorial, you have seen that it is not nearly as esoteric as some may think. Our team of horse racing tipsters is made up of people who have been betting a lot, and from their experience they have identified certain strategies that have a higher success rate than others. Here are some horse racing betting tips that you may find useful.
- Look for the best odds and try your hand at predicting the occasional upset. Most of the time, the horses favored to win offer such small payoffs that they might as well not pay at all. The idea is to come out a little ahead at the end of the day.
- Sign up with a sportsbook that offers the most lucrative horse racing sign up bonus. This will significantly increase your initial betting funds and give you a better chance of getting through the first few weeks of betting without going broke.
- Go to the top horse racing betting sites as they are the ones that pay the most. Bettors rarely win with horse racing betting systems, but when the odds are in your favor, the payout is often substantial.
- Pay particular attention to how the race is progressing, as the horses in the front positions tend to do better. Also take note of which horses seem to have a harder time running and at what stages of the race.
Best Horse Racing Events for Singapore punters
- Breeders’ Cup World Championships
- Triple Crown
- Kentucky Derby
- The Preakness Stakes
- Belmont Stakes
- Prix de l’Arc de Triomphe
- Melbourne Cup
- Durban July
- The Sun Met
