Few things are as exciting as betting on the races! Whether you’re a fan of the turf or the fairways, an occasional flutter on the races is good for the soul. But if you’ve got a bit of a gambling problem or just want to try your luck at a few races, then it’s best to look into this piece. Here we’ll tell you what you should know before placing your bets and how to make the most of your horse-racing hobby.
The Risks
As with any other kind of gambling, there are risks involved with horse betting. The biggest risk is losing your money. If you do happen to lose some cash on a horse, then there are people who will come to your aid. The problem is that not everyone who offers aid is a friend or a legitimate helper. Some people will just try to take your money and run. That’s why it’s best to look into the reputation of any given betting service or platform before getting into any kind of agreement. Also, be sure to avoid any sites or apps that are not regulated by the government or by an independent oversight agency. This is especially important if you’re a resident of a country other than the United States or Canada. Most online gambling platforms are based in jurisdictions where casino-style gaming is legal, but it’s still considered ‘professional’ gaming and therefore can still be frowned upon by local governments and law enforcement agencies. The upside is that you can practice social distancing and stay away from casinos if you’re worried about your health or if you’re worried about getting ill from the new coronavirus (COVID-19).
The Rewards
On the positive side, betting on the races is a great opportunity to make some money quickly. Even small bets frequently add up, and when you add in the compounding effect of bigger bets, it’s quite possible to make some decent cash. The downside to this is that it can be quite difficult to make money quickly when you’re betting on horses. You will need to put in the time to learn how to pick the right races and how to place the right bets. A good place to start would be our How to Bet On a Horse guide, where we’ll teach you everything you need to know about betting and the horses. We’ll also connect you with some of the best online betting brokers, so you can gain access to the best markets and the most favorable terms. Once you’re up and running, it’s a matter of maintaining a healthy bankroll and keeping an eye on your wagers. You should be able to experience small wins more frequently than large ones, but even small wins add up and can help you to boost your finances. Horse racing can also be a lot of fun, and it’s a great opportunity to socialize with family and friends while also earning a few extra dollars. The key to having a good time while also profiting is to learn how to limit your losses and maximize your wins. If you can do that, then it’s all good!
The Basics
Horse betting can be rather easy to understand if you keep the basics in mind. One of the first things you should do before getting into any kind of agreement or activity involving horse betting is open a gaming account. This is what most online gambling platforms and apps use to process bets, so it’s good to have one of these accounts already. Once you have this account, it’s time to move on to the next step. This is where most people make the mistake of rushing in without proper preparation or research. You should always do your research and make sure you’re aware of all the risks before getting involved in any way. Some of the basics you should be aware of before betting include:
- The rulebooks and regulations for horse racing
- Where can I place my bets
- What will my win/loss ratio be
- How do I withdraw my earnings
- How are the odds calculated
- What are the best odds
- What are the rules for bonus bets
These are all vital information and should be things you take into consideration before making any kind of wager. With this information you’ll be able to better understand the risks and rewards of horse betting. You can also find more information, and even place your own bets, at Betting On A Horse.
Location Matters
Horse racing can be found almost anywhere, but you should avoid going to places with heavy gambling activity. This generally means you should avoid going to casinos, especially if you don’t want to break the bank. The best places for horse racing are usually small, independent tracks, as these tend to have better odds and are more susceptible to fluctuations in betting volume. If you’re in Europe, then the United Kingdom is a great place for horse racing, as well as Ireland and Germany. If you’re in the United States, then try heading to Las Vegas or one of the numerous other gambling meccas around the country. It can be a bit more difficult to find open racing sessions in some parts of the country, so be sure to do your research before heading out anywhere. This way you’ll know exactly where you’ll find the best racing and that it will be open to the public. You should also look into whether or not your state governments or municipalities allow for online gambling or if they have any restrictions on where or how you can place your wagers. Most states and jurisdictions don’t prohibit online gambling, but they do restrict where you can physically go to gamble. This can be somewhat of a pain, especially if you live in Rhode Island or one of the other states that don’t permit online gaming. Still, as long as you’re aware of these restrictions and act accordingly, you should have no problems with horse betting. Just remember that you shouldn’t bet money you can’t afford to lose!
Racing Is Back!
Thanks to the novel coronavirus, or COVID-19, most sporting events and gatherings of all kinds, including horse races, have been cancelled or postponed. This has created a bit of a backlog in terms of paperwork and races that need to be rescheduled or completed. In order to help you make the most of your horse-racing hobby while also putting in the time to complete all the postponed races, we’ve compiled a list of everything that needs to be done, along with some helpful tips on how to make the most of your upcoming races.
The List
The list below covers all the details including the rescheduled dates for previously cancelled or postponed horse races. If your race on this list has not yet been cancelled or rescheduled, then it’s still likely to be in the future. Be sure to check the websites of individual race tracks for the most current information, as the list below will be updated when new information becomes available.
The United States
The United States, being the world’s third-largest economy, has not been impacted nearly as much as other parts of the world by the pandemic. This has allowed casino and other forms of gaming to continue almost uninterrupted, with the exception of the New York City, Las Vegas and a few other locations that have chosen to temporarily close their doors to non-essential personnel. The result is that there are hundreds of online betting sites and apps that are now available, and more are being added every day. If you’re looking to get involved in horse betting in the United States, then you should have no problem finding a site or app that accepts Americans. Just be sure to familiarize yourself with all the current regulations and limitations regarding where and how you can place your wagers within the United States. Most online casinos and other gaming platforms will happily accept players from all over the world, but it’s imperative that you comply with all the rules and regulations of the country you are in.