Horse betting has a long and well heeled tradition across the world. For as long as the sport has been popular, people have come up with strategies and systems they claim will guarantee a win.

Few people have gotten rich in horse betting with these so called strategies which leads to the question, can strategy be employed in horse betting?

The answer is of course, yes, you can use strategy in horse bets. Putting together your own strategy takes dedication and a bit of work, but the rewards are of course there to be enjoyed afterwards.

Laying A Good Strategic Foundation

The best bets in horse racing can come from around a corner and surprise us. We can do our best to plan and increase the probability of our predictions being true but we can’t affect the unpredictable nature of the real world with 100% accuracy.

Taking a rational approach to horse racing betting is key to figure out a successful strategy that can improve our probability of winning a bet.

The foundation of any strategic approach to horse betting should always start with research on a horse’s race history and performance statistics.

With analysing race data and drawing conclusions from them, your betting would be little more than random guess work. A practical and factual approach should be the foundation of any horse betting strategy.

How To Gain Insights

When it comes to horse betting, gathering data is simply not enough for us. We need to interpret and gain insight from the race data. This is something that can come from horse racing betting sites, or news sites. The writers for these sites often can impart some wisdom to bettors, other times these insights come purely from experience with horse racing.

Staying up to date with the latest racing news and results is essentially for using gathered race and statistical data in an effective manner.

Examples Of Betting Strategy

There are a few popular strategies you can apply in horse racing betting. These strategies are a great starting point that you can use to build on and create your own strategies.

They include Lay betting, the Dutching system and backing favourites who have been beaten in earlier races.

These strategies try and increase the probability of a bettor making a good bet. They vary in complexity and application so it does come down to trying and testing these strategies until you find one that you feel works best.

Managing Your Bankroll

Setting up a bankroll budget plays a large part of horse betting strategy as the better your funds are managed, the more you will be able to bet, the better you can take losses and the more your general betting experience and skills improve.

Many online horse betting fans use basic bankroll management strategies that can include dividing your bankroll into betting percentages, separating your winnings from your basic bankroll as well as more complex management strategies found online.

Pick The Right Site

Just like with horses themselves, horse racing betting sites come in all shapes and sizes. It may not seem like such a big factor but the sites themselves can play a large strategic role.

This is because you can sign up to multiple betting sites which allow you to take advantage of the most favourable odds.