Horse Wagering Myths for New Bettors

Horseracing is among the most popular and biggest betting sports in the Land Down Under. The sport is as old as time and currently an important facet of the flourishing Australian gambling industry. Talk about earning tonnes of cash in a snap, this betting sport is the favourite of many.

Nowadays, anyone of legal age with Internet access can participate in horse wagering. With the growing number of online bookmakers offering free bet promotions, it has become more enticing and cost-effective to take your chances and make a fortune off speeding colts now more than ever.

For beginners in horse wagering, relying on conventional wisdom is common, but is usually detrimental. Only casual bettors abide by some so-called “rules”; that’s why they don’t get much success.

Here are some of the usual concepts most professional gamblers disapprove of:

Horse racingGo for the Better Pony to Win

Betting is all about getting the most value in your bet. Putting your money on favourites is usually irrelevant as your chances of winning big is slim. In gambling, the lower the odds, the greater the rewards. It doesn’t matter if you receive loads of free bet offers, you’d end up losing in the long run if you choose to bet on good picks, rather than on good bets.

Bet on Just a Few Races

There’s no point risking your money on things where luck is a factor. It’s the same as basketball; even the Miami Heat would want the NBA Finals to be a series and not a one-game showdown, simply because the probability of an upset is too high. If you’re serious about gambling, you should visit as many tracks as you could, and not settle for a handful of races where one freak accident can make you a loser.

Bet the Same Amount All the Time

Betting significantly on horses you feel are worth it is a professional gambler’s mentality. Every bet is a good one; just make sure to calculate the risks involved. Don’t put much weight on statistics, instead watch more races and understand the sport better to make sound decisions.

Squares and journalists are the last people you want to ask for advice. Their knowledge of the game is usually limited, so they’re not always reliable. Most of the time, professional bettors are the wizards of odds.