5 Horse Racing Betting Systems You Should Know About
Placing wagers on horse races is among the oldest forms of gambling, attracting even more bettors today. Read on to learn some horse race betting systems that, if well utilized, may improve your chances of cashing out from horse race bets.
Table of Contents
- Why You Should Bet on Horse Races
- 5 Tips and Tricks For Horse Betting
- 5 Horse Racing Betting Systems You Should Know About
- How to Bet on Horse Racing Using Bitcoin
Why You Should Bet on Horse Races
Horse races involve jockeys competing to ride horses over a specified distance. Major horse racing competitions attract millions of fans from across the globe, some of whom use the races to place bets.
For beginners, there are a couple of reasons why you should try a bet on popular horse races like the Kentucky Derby or The Royal Ascot.
First, all types of bets in horse races come in two categories, straight and exotic, all of which are easy to understand. These two categories provide gamblers with multiple betting opportunities.
Also, most sportsbooks provide horse racing bet markets with higher odds in major races than other sporting disciplines, making horse race betting exciting.
5 Tips and Tricks For Horse Betting
Before discussing free horse race betting systems that work, here are some tips and tricks you should know.
Shop for the Best Horse Racing Odds
Shopping the odds is a unique yet simple method for increasing your chances of getting a payout from all kinds of bets, horse racing included. You do this by settling on a specific horse, race, and type of bet market you are interested in. Then, browse through different sites to see the one with the best odds. 1xBit never disappoints in this regard.
Have a Solid Horse Race Betting System
Having a strategy is a critical factor that every gambler should consider, as it sets apart failures in horse race betting from those who may make something from it. You can use several strategies when placing wagers on horse races, from exacta to dutching. Settle on the one that works for you and stick to it.
Bet Within Your Limits
Before you start betting on horse races, having a separate crypto wallet would be helpful. Here, you can set aside funds to use for betting purposes only. Also, it is wise to have a limit on how much money you can bet in a single day to avoid losses that may arise from betting on many short races.
Bet on Multiple Races
Betting on multiple races all comes down to probability. The more bets you place, the more you may increase your chances of winning. For instance, in the days leading up to the Crown series tournament, you can place wagers on the 30+ races held in different locations to determine who will participate.
Go Big
For novices and ardent horse race enthusiasts, big tournaments are the best events to place wagers. They are widely publicized to attract everyone's attention, which explains why most bookmakers offer such events with excellent odds. The Kentucky Derby is one big horse race competition held annually in Louisville.
5 Horse Racing Betting Systems You Should Know About
Here are the five free horse racing betting systems you need to know about.
The Dutching System
The Dutch betting strategy emphasizes the need to bet on more than one possible outcome in a single race. With this system, you increase the prospect of making profits from horse racing as there is a high likelihood that of the many outcomes predicted, some will be correct.
The Statistical Lay System
Laying a horse in betting means placing wagers against specific runners, mostly thoroughbreds. You can only use this system in races with more than ten runners. Here, you identify three favorites in a race, then pick out runners with odds between 3 and 6 and lay them against the horse with the minuscule odds. Statistically, there is an 80% chance of winning through lay bets.
The 80/20 System
With this strategy, you place bets on a particular horse to win and get a place on the exchange. For instance, you can bet 80% for a horse to finish with a place and 20% for the same horse to win the race. It is helpful in scenarios where horses start strong but fail to finish in first positions.
The Exacta Strategy
The Exacta strategy entails placing an exacta bet. Here, you place a wager on two horses that you think will finish the race in first and second position, therefore, increasing your chances of winning.
The Yankee Strategy
Regarded by many as the oldest of the free horse race place betting systems, the Yankee strategy involves choosing four horses in various races, whereby at least two of the chosen horses would win or get placed in the race.
Now that you know of the top betting strategies, let’s look at how you can bet on horse racing using Bitcoin on 1xBit.
How to Bet on Horse Racing Using Bitcoin
Betting on horse races with Bitcoin has become a popular pastime among gamblers. Here is a step-by-step guide on betting on horse races using 1xBit.
First, go to 1xbit.com and fill in your details on the left side of their homepage.
Next, log into your account and make your first deposit by clicking on the 'deposit' tab and confirming Bitcoin as your mode of payment.
Browse the A-Z listing on the ‘Sports’ down tab menu and settle on the horse racing option.
Choose the races you want to wager on, select suitable markets, and submit the bet slip by tapping the 'PLACE A BET' button.
At 1xBit, you can use all the tips, tricks, and systems explained above to bet on the scores of horse racing events provided on their website. What's more? You enjoy instant Bitcoin payouts every time you win your bets.
Visit 1xbit.com today, create your account, and enjoy horse race betting with Bitcoin on 1xBit.