But, having an alternate book to shop lines can make a huge impact on your profit. Something we always say around here is the only reason not to line shop is laziness.

You literally just have to open another browser tab and see what the odds are. This is one of the biggest perks of betting horses online instead of at the racebook or the track.

Do you just pick the favorite? Do you pick the second favorite? Remember in the math section above where we talked about finding value?

Well, not every race is going to have value. There are sometimes where the racebook is just going to get it right.

Also, there are going to be races where you just have no idea who you think is going to win. This is okay and happens all the time even to professional bettors.

The pros are disciplined enough not to bet on that race. The joes end up forcing a pick or firing off some sort of random bet just to get action.

There are going to be just as many races tomorrow, and the next day, and the next day, etc. But, their skill will eventually prevail in the long run, and they will realize their profit.

That is if they have budgeted their bankroll properly so that they still have money to realize these long-term gains. Well, in that example we had put that Lucky Lucy won the first race.

The only thing we do now is the more races we bet, the closer the percentages and stats will get to accurate. In this example, everything is still correct.

Well, you would be busto. Because of variance, you ended up losing the first 10 races even though your prediction was skilled and correct.

This is why bankroll management is so important. But, those of you that are looking at betting horses long-term or even as a source of income, you need to nail down proper bankroll management before you get started.

To help you out in the process, we have a complete guide dedicated to bankroll management in sports betting.

While the examples in this guide are about sports other than horse betting, the numbers, rules, tips, and strategies are exactly the same.

If there is nothing else you take from this guide, please at least take this information. Proper bankroll management can protect you from ruining your horse racing betting career before it even has a chance to get started.

Bankroll Management Page. Betting on horses is easy. Betting on horses and winning is not easy. There are a lot of people who bet horses for a living and are very successful at it.

Do you think they got there by putting in five minutes of research on every race? The bottom line here is that winning at betting on horses is certainly doable as long as you are willing to put in the work.

It should still be fun. Well, there you have it ladies and gents. But, you are now equipped with the tips and tools you need to start betting and winning.

But, once you find that winning stride, hammer it home and make the big bucks! Jockey Experience is Important Horse racing is way different than betting on dogs for really one main reason.

For example:. This is the key to winning at horse racing betting. But, if you are constantly placing bets where the racebook has the odds wrong, you will turn a profit in the long run.

This is called finding value. If you can master spotting and exploiting these opportunities, you are going to be a very wealthy man or woman.

For Lucky Lucy, we would take 6. We multiply that by , and we get We think that Lucky Lucy has a When we do this with every horse, here is what we get.

We mean what kind of a runner are they. Do they like to sprint off the line and tend to fall off late? Do they wait until the end to hit their full stride?

Are they a pacer who sticks to a constant speed around the whole track? Keep in mind that if you bet over a series of races during the day, your odds of winning at least some of them go up dramatically.

By using the right horse racing betting strategy, you can become comfortable placing bets and racking up wins if you start small and use the right horse betting strategy.

Last updated -5th December, Share this: Click to share on Twitter Opens in new window Click to share on Facebook Opens in new window. Even people that practically never wager a sports bet have been known to have a flutter on the Grand National, or head off to Ascot and have a go.

This is a sport that attracts all sorts of bettors, from the novices to the biggest and best sports bettors in the market. Because of this, there are all sorts of horse racing betting strategies to take your pick from.

So, whether you want to just enjoy a wager on a big race, or whether you want to make some serious profits throughout the season, here are some of the best horse racing betting strategies around.

Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply.

Returns exclude Bet Credits stake. In order to take advantage of this offer you simply need to register as a new player. You are then done with your first Ladbrokes login.

Only debit or credit card. You must enter the code MB This is what can be exploited by those in the know. Bookies like to have the odds always stacked in their favour, and more often than not, they do.

However, each way betting can often expose a chink in their armour. Great each-way bets for punters can be found in races where there is a strong favourite.

This usually sees a second and third favourite with only a small chance of causing an upset. However, they are are still likely to come 2 nd and 3 rd in the race.

In these races, except for the favourite, the rest of the field often have high prices. Bookies cannot set place odds that are different from the win odds.

So, if the strong favourite has odds of 1. The third favourite could even have odds as high as Obviously, the favourite has a low price, but the 2 nd favourite has a pretty decent 5.

You would then get decent odds of 1. So, we can see that odds of 1. Each-way betting is a great horse racing betting strategy if you know what to do.

You need to check out the odds for the favourite runners in the race. Exposing the bookie is the perfect profitable horse racing betting strategy.

At our betting promotions page we have listed the top promos of the week, and most of them are viable for horse racing. Another horse racing betting strategy to help you improve your likelihood of picking a winner is the points system.

This is where you rate the front-running horses. You can use this system to help you keep an eye out for the horses on the very best form. The point system works as follows:.

You need to score the horse over its last 3 races. This will give you the best indicator of its current form:.

We look at three more important tips for managing a system and put it all together. A Concise Guide to Scalping : This is your introducing to scalping in horse racing betting.

Learn how to scalp online, plus tips to stay out of trouble. Who are the Best Irish Jockeys for Racing Punters? Which jockeys have historically provided the best returns for punters?

Comparing Flat Staking with Percentage Staking : This article compares two popular methods for bankroll management used by horse racing punters.

Does the flat staking method offer better results or does percentage staking win over the long run? Who are the best trainers in Irish horse racing?

Create Jockey Ratings to Better Understand Their Performances : Jockey win rates do not tell the whole story. No Form? No Problem! Rule 4 Explained : What is Rule 4 in racing betting?

We explain Rule 4 in simple terms and provide examples to show how it works, when it hurts and when it can actually work in your favour.

Popular Horse Racing Punting Myths Debunked : We look at three pieces of popular conventional wisdom surrounding horse racing betting… and expose them for the waste of time and money they are.

Best of Both Worlds: Should You Back Horses That Are Top of the OR and Racing Post Ratings? How Do I Know When a Stable Has Hit Form?

Should You Pay Attention to the Top Speed Rating? How useful is it when picking horse racing winners? Are Horse Racing Tipsters Worth It? Why the industry is rife with conflicts of interest and how to sort the good from the bad.

Finally, some parting advice for anyone considering a horse racing tipster. Trainers for Courses : Do some trainers perform exceptionally well at certain tracks?

There is some evidence that certain trainers may indeed provide a positive return when backed on select tracks. I Would Walk Miles for a Winner : Looking at how distance travelled impacts horse racing betting and your ROI.