There’s a lot to consider when you’re betting on horses. The condition of the horse, the quality of the jockey and the type of ground can all take effect. Horse racing betting tips are created considering all these points and more. Finding the best odds is also key to a successful bet. You can find betting tips in many online places and in paper form, and by combining these horse racing betting tips with free bets you can really clean up.
So, without further ado, here’s what you need to know to take advantage of these great deals.
Horse racing betting tips – What you need to know!
There are plenty of places to get horse race betting tips. Some of the best horse racing tips can be found in the Racing Post. If you’ve not heard of the Racing Post before, it’s a newspaper which lists all the upcoming horse racing and greyhound events. As well as offering a daily online service, the racing post is also available in print on a weekly basis. Known as the “Weekender”, this newspaper features the best free bets and racing tips from experts in their field.
If you’re wondering what is the best site for horse racing tips, you should look no further than the horse racing tips GG offers. On GG’s website you’ll find lots of tips for every race, at every course for free. You can also set up racing alerts so if a specific horse you’ve had your eye on is running, you’ll know.
Who gives the best horse racing tips, and how can I use them?
Looking for horse racing tips for today? It makes sense to avoid the Weekender. Printed earlier in the week, the information is not always as up-to-date as its competitors, meaning a promising horse when the paper was printed may no longer be a viable prospect when it’s race time. However, for some great horse racing tips today, racing post have their own website where you can read tips on the day’s races, find jockey and horse news and hunt for a new sign up bonus for horse betting. These bonuses are not just available at Racing Post, though. In fact, here at OpenOdds we’re teeming with bonuses and sign up offers from the best online bookmakers. You’ll even find specific bonuses just for horse racing.
Free bets and racing tips are all well and good, but you need to check out odds too. Many bookmakers such as Betfair promise to offer the best horse racing odds on UK and European races, but it’s important to understand how odds work to maximise your potential return.
Horse racing betting odds are used for two reasons. They represent the likelihood of a bet winning. The higher the numbers, generally, the less likely a horse will romp home first. 100/1 bets are considered less likely to win than 5/1, for example. Secondly, odds represent the return to the bettor. If you place £10 on a 100/1 and it wins you’ll receive 10×100 back (£1,000). Place a bet on 5/1 and you’ll receive 10×5 (£50).
How to decipher horse racing betting odds
Odds are written in one of three ways – fractional, decimal and American. Fractional odds are often found in the UK. They’re displayed like this: 4/1, 10/1, 4/2, etc. The number on the left is how much you need to bet to receive the number on the right. So, in the odds 4/1, a winning bet will pay you £4 for every £1 you stake. In 4/2, you’ll receive £4 for every £2 you stake.
Decimal odds are commonly used for international and UK betting. Horse racing fans from throughout the globe use this simple form of odds display. You may see decimal odds written like 4.00 or 10.00 for example. Like the fractional odds above, the number shows how much will be returned to you based on a £1.00 spent. However, decimal odds consider your original stake. So, whereas 4/1 odds will return £4 and give you your original £1 stake back, 4.00 represents a £4.00 return (£3.00 profit and original £1.00).
American odds are created with 100 as a base line. American horse racing betting odds are offered with + and – next to them. Odds with + are seen less favourably than ones with – next to them.
Adding different bet types to the mix
To use some of the exciting horse racing betting tips available, you’ll need to understand bet types. Here are some of the most common bets available.
Win: Some of the simplest betting strategies utilise win bets to great effect. They’re the most basic type of bet you can choose. You place a bet on 1 outcome only. Whether you’re betting on a horse, a football team or an X Factor winner your selection must win their event for the bet to pay out.
Win Place: Sometimes known as an each-way bet, you are betting on your horse winning or finishing in one of the paid race places. If your bet wins your return is calculated based on the position your horse finishes.
Accumulator: Accumulator bets incorporate more than one outcome, for example, betting on which horses you think will win in several races over the course of a day. Each individual horse’s odds are combined, calculating the pay-out you’ll receive if you win. Beware, though. If one of your betting selections doesn’t win (or gain a place if you’re betting on an each way accumulator) then your bet is lost.
Best bookmakers for horse racing
Putting it all together: Horse racing tips in practice
Let’s put everything together in a concrete example. Imagine betting on Market Rasen races. You can’t be there in person, so you examine the Racing Post website. There’s a horse called Crucial Moment who is a 15/8 favourite in a hurdle race. You check his form by clicking on his name and see he’s raced 4 hurdle races with 2 wins, 1 2nd place and 1 3rd place. The horse’s odds are low, though, so you incorporate them into an accumulator bet.
You find a horse called Absolutely Dylan in the next race with huge odds of 40/1. With the favourite offered at 8/15 it looks like he’s got no chance, but you check his form anyway. He comes from good stock, with his Dam and Sire boasting great records. You take a punt, creating an each way accumulator, adding 3 horses to the mix – 7/2 Iskabeg Lane, 2/1 Barney Dwan and 3/1 Stick to the Plan.
You then search for a sign-up bonus on OpenOdds. After reading reviews, you decide to try William Hill’s offer of £30 free once you place a single bet of £10 or more. Your first bet must have odds of ½ or more, but free bets can be spent on any bet. You sign up and place your qualifying bet, receiving 3 x £10 free bets. You place all 3 £10 bets on the same horses as above as £5 each way bets. If successful, each of these bets will pay out £32,085.90.
Not a clue what we’re talking about here? Don’t worry, we’ll talk you through everything you need to know in our horse racing for dummies guide.
Find the best horse racing odds online
Looking for the best odds for New Year’s racing? Here are our top picks for the best bookmakers combining great odds, fantastic free bets and tips, too!
Option 1: William Hill
William Hill are one of the most established bookmakers in the UK, having been around since 1934. They’re regulated by the Gambling Commission and floated on the London Stock Exchange, ensuring the household name is one you can trust. They’re also fair when it comes to online bonuses. Currently new players can sign up with a minimum deposit of £10 (using a promo code) and receive £30 in free bets. The bookmaker has very few Ts & Cs attached to their bonuses. They’re one of the few bookmakers that allow you to spend your free bet tokens on accumulators for big potential wins.
If you’re betting on other sports they have created a well-managed, interactive in-play product where you can watch live streams of sporting events as they happen. They’ve even got their own casino if you’re so-inclined, with hundreds of video slots and exciting table games, too!
Option 2: Betway
Betway are an international bookmaker with licences in many European countries. Their headquarters can be found in Malta and Guernsey. Their influence on the sporting world has been seen throughout Europe. They have sponsored darts, boxing and tennis events and are currently the sponsors of West Ham United football club.
Horse racing fans can have lots of fun at Betway. As well as their amazing sign up bonus of £30, players also get £25 back as a free bet when spending £10 on accumulators. Betway also guarantee they have the best odds on all UK and Irish horse races, so you can bet with peace of mind.
What’s great about the bookmaker are their wide sport selections. Football, tennis, cricket and American sports such as basketball and American football all feature. The £25 free bet can also be awarded if you bet on these sports, so go wild!
Option 3: Ladbrokes
Like William Hill, Ladbrokes have been around for a considerable amount of time. They’ve got an incredible 2,700 betting shops around the UK and over 15,000 staff worldwide. They’re a reputable brand you can trust. The bookmaker has an exciting sports betting offer which rewards players for signing up on their site. It’s £100 matched bonus from £5 all the way up to £50. The bonus can be spent on any sports bet, including accumulators, but not on Tote or Lottery bets. Ideal for a flutter on the New Year’s Day races!
If you’d like to bet on other sports, Ladbrokes have plenty of choice. They have an extensive football section, with chances to double your winnings if your team scores over 3 goals. Insurance is also offered on 5 team accumulators. If one leg lets you down, you’ll get your stake back as a free bet.
Horse racing tips galore
We’re sure you’re chomping at the bit to place your horse racing bets, but before you go here’s a little reminder of everything you need to know. Before wagering, check out strategies, odds and form guides to place the best bets you can. Oh, and don’t forget to take advantage of bookmaker’s free bet offers to stretch your budget and potentially increase wins. As always, OpenOdds is one of the best resources out there for free bets and finding bookmakers you can trust. Most important of all, keep betting fun. Never bet more than you can afford to lose.
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