The Preakness Stakes season is here once again. With that said, a lot of spectators will surely be in the betting mood. When it comes to horse race betting, a combination of skill and luck is mostly involved. So if you think that luck isn’t helping with your bets lately, you must consider improving your betting skills instead.
This way, you can increase your chance of choosing the right horse when the Preakness Stakes comes. If you want to win big this time, check out these seven ways we compiled to help you improve your betting skills on time for the 2022 Preakness Stakes race.
Don’t Skip Your Research
The foundation of a good betting skill lies in researching. It is a powerful tool that can help you identify which horse has the most potential to win the race. So before you engage in betting this coming May 21, 2022, you should start doing your research first.
Millions of dollars are on the line for every horse race every year, and only a small percentage of these bettors did research before placing their bets. You can research the horse’s pedigree, class, and form. Researching about the trainer and the jockey is also important as both have a significant part in getting horses to the finish line first.
Make Various Kinds of Bets
Most bettors tend to go for straight bets as it is the most straightforward type of bet.. However, if you are looking for a more significant return, you should consider betting on various types of bets. Don’t be afraid to experiment and bring your Preakness Stakes betting to the next level.
Learn to Shop Odds
Another excellent way to improve your betting skill is to learn how to shop odds around. Compare as many sportsbooks as possible to have a greater look at your options. Odds shopping is one of the most strategic ways of betting in horse racing.
If you take your time shopping for the best odds, you will end up getting higher returns on each of your bets, depending on the sportsbook you choose.
Always Consider the Risk
Some punters tend to get carried away and forget about the risk associated with horse race betting. If you want to improve your skills in betting, you should learn how to consider its risk and learn how to minimize it.
You can minimize the risk of horse race betting if you set up the right strategy that you can use in betting for the 2022 Preakness Stakes. Understanding the odds of the race is also crucial in minimizing its risk. Therefore, you should start to create a solid strategy and learn to understand the odds for the upcoming Preakness Stakes.
Create a Budget Plan
You should not only become a strategic bettor, but you should also be an intelligent punter. Therefore, bet wisely by setting out a budget plan. Only risk money that you can afford to lose. Without a budget, you will lose or spend money on unnecessary bets. Knowing that you have a limitation will help you become more intelligent in picking the right horse to bet on and avoid becoming an impulsive bettor.
Don’t Bet With Your Emotions
Let’s face it. When betting, you tend to get emotional. But when this happens, you will start betting irrationally. So if you want to increase your chance of winning and improve your betting skills, you must learn to leave your emotions out the door.
It can be challenging, and it will need so much self-control to do it. Once you learn to control your emotions during betting, you can proudly say that your betting skills are improving. Emotional bettors usually make the wrong decision which leads to losing more money.
You can start dealing with your betting emotions by learning how to accept the outcome every time. Whether it is in your favor or not, you must learn to accept it. Once you do, you will see how easily you can manage your emotions during your betting sessions.
Keep a Record of Your Horse
Even before the official betting starts for the Preakness Stakes, you might already have a favorite horse. Keep a record of this horse that you gather from doing your research. It can help you evaluate your horse’s performance.
Record the movement of your favorite horse and look for some flaws in their performance. Then, discover their weaknesses and strengths to know whether they can win the Preakness Stakes 2022. Of course, you should also consider different race circumstances like the post position, track condition, weather, and many more factors.
There is always room for improvement. If you think that what you are doing is not enough to win you big this 2022 Preakness Stakes, you should consider following the above mentioned ways. Once you do, you will notice an improvement in your betting skills to increase your payout in the next races to come.