Horse race betting guide for beginners

By Clinton Courier | October 12, 2022 |

Horse racing is a sport where Thoroughbreds run around a track and whoever completes the course first wins. Its straightforward nature made it a popular game for betting among spectators around the world since ancient times, even those betting without swedish license. The sport developed throughout the centuries and now they are divided by level of competition called ‘grades’.

Graded stakes are the top competitions in Thoroughbred racing and there are several events in this range every week in multiple countries at a time. You can bet on them at online sportsbooks where you can use cryptocurrencies like Bitcoin (BTC), Tether (USDT), and Dogecoin (DOGE) as well as great bonuses that come with them. Here’s what you need to know about it:

What are the types of horse racing bets you can make?

Horse racing on Sportsbet.io and other top online betting sites comes with a different layout for betting than other sports in the bookmaker. Rather than dividing them into categories of quantitative values, you just have to choose which horse you believe would win the race. Every contender’s name is listed followed by the following three types of bets:

Winner – the horse reaches 1st place
Top 2 – the horse reaches 2nd place but not 1st
Place – the horse reaches either 1st or 2nd place

Horse race betting features you should look out for

Every horse racing punter chooses an online bookmaker for Thoroughbred racing because of its exceptional services. One of which is its full support for cryptocurrency and the other is its platform featuring all major events in all horse racing associations. The best ones for horse racing, however, are the following two that make gambling as fun as possible:

Bet slips

Most online sportsbooks have this feature. This lets you combine different bets into one ticket backed by a shared stake. A good example of its use is betting one horse as the winner and another as the top 2. This is how you make what is known as an ‘exacta’ where the two horses you chose must reach the exact positions you guessed they would accomplish.

You can combine bets from different races rather than stick with just one. This is called ‘horizontal betting’ and it involves choosing winners or top placers from multiple events. You are also not limited to just choosing from races within the same day, country, or grade level. As long as the details are available, it is available in the bet slip.

What makes this feature is how rewarding they make any type of bet. Combining guesses also multiplies the potential payout to more than the sum of the chosen markets. The catch is that all bets included in the builder must win to count the whole combination as a win.

Race and horse reference sheets

Checking participating horses’ history is one of the best ways to compare contenders between each other. You don’t need a separate website to see the data you need. Simply go to the horse race betting bookmaker, click ‘show all runners’, then tap on the drop-down button at the left of a contender’s name and coat. This shows important information like age, jockey, trainer, and their racing history. These also show the details of the race like track distance, venue, and handicap.

Why bet on horse racing events online

The bet slip and reference sheets are great tools in horse racing on Sportsbet.io and other online betting sites. On top of that, it is the leading crypto bookmaker in the world with various partners in payment method options. All upcoming races are sorted by venue and date, letting you bet on future events at any time while also serving as a calendar of events.

Most sportsbooks also have an online casino where you can play slots and table games. If you ever need a break from horse race betting, then you can try your luck at online games. Sharing a website with the bookmaker platform lets you use the same account and bankroll on all kinds of gambling. Aside from the actual activity of betting, you can also monitor your betting progress by checking a site’s bonuses and promotions page. This is where you can claim different types of bonuses that cater to your specific betting experience.