New to Horse Race Betting? Here’s Everything You Need to Know

Horse race betting is one of the oldest and most popular forms of gambling in the world. Though the methods and technology have changed over time, the basic premise remains the same; you place a bet on a horse to win, place, or show in a race. 

However, before you go placing any bets, it’s a good idea to check if sportsbooks have arranged special promotions for the race, like the Ladbrokes Cheltenham offers, for example. After all, you want to make the most out of your experience and enjoy the race to the fullest. With that in mind, if you’re new to horse race betting, here are a few things you should know. 

How do people bet on horse races?

There are a few different ways that people can bet on horse races. The most common way is to go directly to the horse race track and place a bet with a bookie there. Of course, you can have access to information about the horses, their jockeys and others stats that may interest you or influence how you want to bet. 

You can also bet on horse races online without having to visit a race track. Nowadays, there are plenty of online sportsbooks that have everything you need to bet on horse races, including mobile apps that are more convenient. 

How to handicap a horse race

When it comes to horse races, not every horse is equal. Some have an amazing bloodline and are trained to their peak performance while others may be lacking in some way. Therefore, in order to make things more fair and competitive, horses that are in better condition than others are handicapped. In other words, additional weight is placed on each horse depending on their physical prowess so that each horse has pretty much an equal chance of winning the race. Monitoring handicaps is, therefore, very important when betting on horse races. 

The different types of horse races

There are many different types of horse races, each with its own set of rules and regulations. The four most common types of horse races are flat racing, steeplechasing, harness racing and endurance racing. For example, flat races are short-distance races with no obstacles, while steeplechasing is more or less the same with obstacles included. In harness racing, horses pull a harness while they race, while endurance races are long-distance races that involve extreme distances. 

Horse races are very exciting and enjoyable but they can be even more fun to watch if you decide to wager on one of the horses that you believe is most likely to win.