Horse racing is currently the second most popular sport in the UK. There are more than six million people in Britain who follow the sport annually. The thrill of betting on horse racing has long been part of the British tradition. If you are new to punting, you can follow this guide to get started.
Get A Handle On The Odds
If you are familiar with sports betting in general, you should know that odds play a central role in predicting the outcome of a competition. UK odds are displayed as fractions. For example, odds of 3/1 would mean that for every £1 you wager, you would make a return of £3.
This means the lower your odds of winning are, the higher your return will likely be if the horse you placed your bet on wins. Each way, bets are basically placing two bets on a single horse. One bet will be on the horse to win, and another bet goes towards the chance of the horse placing in second, third, fourth or even fifth.
If the bettor manages to win the second part of the bet (placing), they will only win a fraction of the initial odds. For example, if a bettor predicted that a horse would finish in third place, they will receive winnings at a ¼ of the main odds.
How To Bet On A Winning Horse
There are several factors involved in picking the right horse. Experienced bettors need to consider the form, jockey, horse breed, trainer, weather conditions, and even if the ground is suited to a particular horse.
Professional bettors prefer to place their bets online these days, allowing them to follow the race live on the racetrack. The UK brand BetTarget is especially popular among experienced punters who enjoy the thrill of the race. Bettors can place and track their bets in real-time at the touch of a button.