Age, Sex & Past Form - The Best Indicators for Building a Horse Racing Betting System
Horse racing is said to be the sport of kings, and being able to bet on horse racing can make it even more exciting. But how do you choose which horse to bet on? This article examines some of the key factors that you should analyse when betting on horses which should help you to build a profitable horse racing betting system. If you're able to apply the horse racing strategies and bet with discipline, there's no reason why you shouldn't be able to make some good profits.
The previous form of the horse is obviously a very important factor to look into when deciding whether or not to back a horse. Firstly you should look at its running frequency; have they had regular races or has the horse had a long lay-off? A gap like this can often indicate an injury and it's probably best to consider this horse for lay betting. You usually want to see a horse have somewhere around 30 days between races for it to be at its peak.
In addition to frequency, how has the horse performed over its last five to ten races? The Racing Post is a great resource to use to examine form, especially as it allows you to view videos of previous races. If the horse has performed well and it remains in the same class, it's definitely worth looking at closely and analysing other factors.
The ground is also a very important factor to consider when betting on horses. The "going" is usually judged before the race and can range from heavy and soft to hard and firm. Horses will show different levels of form depending on the going in previous races.
You can usually gain an edge over the bookmakers by analysing the races from earlier in the day. If the ground is soft, have horses with good form on soft ground been running well? If they have, you should look to back horses with similar form. If they aren't doing well, it's possible the ground has been misread and some value lay bets can be found.
The UK horse racing system has a number of classes that horses of different calibre run in. Classes range from seven at the lower end to one at the upper end, and horses are moved up or down in class depending on their recent form. Has the horse moved up a class or moved down a class? It's probably best to avoid backing horses who are stepping up in class and I usually consider these for lay betting. If a horse has moved down in class it's recommended that these are backed strongly especially if they've moved down a number of classes at once.
The term "horses for courses" was created for a reason! It is usually a very good sign if a horse has shown solid form on the track it's racing on. If a horse has won on the same course before, at a similar distance, and can handle the ground, this is found to be a very good indicator that it will do well again. Courses are very different; some right handed, some left handed, some have slopes and some have long sweeping bends.
Whilst it may seem obvious to say, you should look out for a horse with a good performance on the same track at a similar distance. If you find these horses then they should definitely be backed to place, with a strong consideration on backing them to win. Conversely, if you spot a trend for a favourite that performs poorly on certain courses, it may present an opportunity to place a lay bet on the betting exchanges to profit when they lose.
This should sometimes be looked out for as it's particularly important for younger horses that don't have much form to read from. It's actually quite important to understand the sire and dame of two year olds or three year olds. Just look at the recent stud fees of one of the greatest horses of all time; Frankel. A foal sired by Frankel actually sold for over £1 million in 2014, so pedigree is definitely something you have to bear in mind when betting on horses!
If you're at the course then going to the paddock before the race can give you a big advantage over other bettors. It has been known for people to back winning horses at long odds just because they think the horses "back legs look really good"! The main things to look out for are horses that are distressed and sweating. You should definitely look to lay horses if they've looking nervous in the paddock.
On the flip side, look out for horses that have good muscles, have a nice shiny coat and look nice and alert. These horses are on their "A Game" and you will back a lot of winners through this simple method.
It's best to have horse racing betting accounts with a betting exchange like Betfair, as they're found to give you a lot more flexibility. You have the chance to back places, you have the opportunity to lay horses, and you're also able to employ horse racing betting strategies such as laying the field.
Betting exchanges like Betfair also offer advantages when betting on horses versus betting with more traditional bookmakers. You will often find better odds on betting exchanges especially when betting on outsiders. So if you don't have an account with a betting exchange what are you waiting for?! Get over to Betfair and open an account now.