The Preakness may have just concluded, ending this year’s Triple Crown hunt, but that doesn’t mean that horse betting has stopped for the year. In fact, some of the biggest action you will see in the city of Las Vegas and other gambling cities around the world can be found when people are betting the ponies year round. This can be one of the most exciting things to gamble on, and we have a few tips for you to help improve your profit lines.

The #1 thing is to do your research on the horses. One of the best parts about sports betting is that it gives you a chance to use your wealth of knowledge on a particular sporting field to gain a financial advantage. Of course you have no actual control over the outcome of the race, but you can find out what horse has an impressive record, and what horse might not be a smart bet.

The next thing that we recommend for you is to pay attention to the conditions of the track, and the weather at the stadium.  Every track in the world is different. Some have harder soil, and some have softer soil. Some have long tracks, others have short ones. These are variables that’s importance is multiplied expenonentially when you consider that we are dealing with an animal as opposed to a human.  The weather can also be a big factor. If there is a drizzle or moisture in the air, that could severely affect a horse’s performance. If you have time, look up what the track was like when the horse you like won their events.

Horse-Betting-Track

One of the final things to point out with horse betting is to explain the type of bets that you can make.  Now the bet that will make you the most money is to simply bet on the winner. When you see a betting board, you will see a number next to the horse you want to bet. Sometimes it’s 2, sometimes it’s 82. That is the odds you will get on your bet. The higher the number, the better odds you have, meaning that the book thinks the lesser chance that horse has to win. However, if you want to have a better shot at winning some money, but not the full amount, then you can either bet them to place, which means top two, or show, for top three. You won’t get the full odds, but you will get more shots at winning.

Lastly, there are parlay bets. These pay off the most, but they are also the hardest to hit. The most popular is the trifecta, where someone tries to predict the horses that will finish 1st, 2nd, and 3rd. The odds of hitting this are very difficult, but it is how you can potentially turn a $20 bet into a $500 score. You can also do a parlay bet where you pick one horse to win in three different races.  However, it’s best to leave these bets to the pro betters if you are more of a casual fan.

What do you like to bet with horses? Do you think our tips are helpful? Let us know in the comments!