Horse racing is a sport that has been around for centuries and it continues to grow in popularity every day. One of the reasons why so many people are interested in this sport is because of all the opportunities that it offers for financial gain. More and more people are starting to realize the merits of betting on horse races and we at ArcaneSports are here to help with our top tips on how to make money from horse racing!
Join A Bookmaker Account
One of the simplest ways to make money off horse races is to sign up with a reputable bookmaker. When you join a bookmaker account, you will automatically be given a betting slip for each horse race that you place a wager on. You can then use this betting slip to claim your winnings.
Keep in mind that you will have to meet the minimum betting requirements set by the bookmaker in order to be able to use this service. Some bookmakers only allow smaller groups of people to open betting accounts due to the volume of people that they expect to be winning big. The great thing about joining a bookmaker is that they will take care of all the complicated gambling laws for you. So you don’t have to worry about breaking any rules when you are betting.
Look For Sleeper Picks
A lot of people make a living off picking winning horse races. These are individuals that look at both the historical performance as well as the current form of the horses in order to make accurate predictions about which ones will win. If you are someone that likes to stay ahead of the game and is skilled at picking winners, you can get paid to give out free tips on a regular basis. Doing this can help you build up a small following of people that trust your advice and are willing to follow your guidance to win big.
It’s important to note that not all tipsters are created equal and some will certainly charge you for their services. It’s important to find a reputable source that offers tips for free or at least offers them for a discounted rate. Going through a screening process to qualify for a discounted rate is a sign that the tipster takes their job seriously and you can be assured that you are getting good value for your money.
Make Use Of Betting Exchanges
Another great way to make money off horse races is to use a betting exchange. These platforms allow you to place bets on the outcome of multiple horse races simultaneously. Think of it like a race involving many horses where you can place your bet on the winner of each subsequent race. The great thing about betting exchanges is that they take all the guesswork out of picking winning horse races. All you need to do is search for the bets that you want to place, match the amount to the odds and then sit back and relax while your money doubles or even quadruples due to the collective wisdom of the crowd.
There are many different types of betting exchanges out there so be sure to narrow your search to the ones that allow US residents to wager. The vast majority of betting exchanges are based out of Ireland and you should know that if you are based in the US and wager there, you will certainly need a way to get around the IRS tax requirements. Luckily for you, we have compiled a short list of the best and legit betting exchanges for US residents. Check them out now!
Try Your Luck At The Tournaments
Another way to make money off horse races is to enter them into a tournament. These are formalized competitions where people from all over the world come together to compete for glory and winnings. Some of the biggest tournaments in the world don’t even occur in a traditional sense but are run through online platforms where gamers from different parts of the world congregate in order to take part. The really great thing about these tournaments is that they allow you to participate for free or at least at a minimal cost.
There are many reasons why people participate in tournaments. Some like the competition, glory or just to make some extra money. Whatever your reasons are for taking part in a tournament, make sure to enter one that is profitable for you because the legality of gambling varies from state to state. Therefore, it’s important to get an idea of how much money you can make before you participate in a tournament.
Fortunately, we have collected a list of some of the most profitable tournaments that you can enter. Make sure to check them out and see if any of them are running in the near future. Hopefully, this article will help you become a better informed and wiser gambler. Good luck out there!