There’s no mistaking that horse racing is one of those things that provide that visceral thrill, but it's important for everybody to be responsible horse betting enthusiasts. New bettors, or people who get bored with their own strategy, may want to push the boat out and become a bit riskier, however ensuring you know how to safely bet on horse racing will maximise your overall enjoyment. With such selection out, it's important to find the safest bet in horse racing that suits you. 

What Type of Bettor Are You?

There are three different types of bettors: 

  • Bettors that have systems, use them, and lose with them, but think they can work. 
  • Bettors who have used systems that have never won and don't think they work. 
  • Someone who has a system, wins, doesn't explain the system, and therefore people don't believe them. 

The reality is that if you want to find a magic bullet to betting, you need to find the right system for you

The Different Types of Horse Racing Bets

There are many different types to choose from. 

  • The most common is the single bet. This is where a single can be placed to win the race, or each-way, where you can get a return for your horse grabbing a finishing place. 
  • Additionally, the double bet is on two selections in different places or events, where both selections must win (or place if you are betting each way), so you guarantee a return. However, if one loses, the bet is off. 
  • A treble bet is on three selections in different races or events and is similar to the double, but all three selections have to place or win to guarantee a return. 

Those are the basic bets, there are many others to consider, including Trixie, Accumulator bets Canadian, Lucky 31, Heinz, Goliath, and on it goes. With so many different types of bets out there, people want to know what the best type is. The answer is to do with finding the best for your personal preference. Naturally, people would think about the horse bet that pays the most, which is considered to be the accumulator bet. An accumulator bet is where you have four or more selections in different races, where they have to win or place. 

What is Considered the Safest Bet in Horse Racing? 

If you are looking for a horse betting strategy, but you are literally looking to hedge your bets, the safest bet is considered to be the each-way single bet. This is where you back the horse each way, so you can still win, even if your choice comes 2nd, 3rd, or 4th. When you place a single bet, you do not need to bet on multiple horses to receive a return on your investment. This is a very commonplace bet advised by the big-name bookies and betting exchanges.

Is it Important to Be Sensible? 

Of course, gambling can be very entertaining, just as long as you do it responsibly. Most of us are exposed to gambling at a young age because our parents placed their annual bet on an event like the Grand National. If you are looking for the safest bet in horse racing, it is crucial to not put the cart before the horse, as it were. Developing an interest in gambling is a great pastime, but you have to take it slow! Remember that you need to keep the stake low and slow until you become more confident. There can always be an issue that we all suffer, beginner's luck. It's important to remember that you should keep it fun and also that you can stay in control. 

The Importance of Researching Your Bets 

If you are not doing any research, you do not understand the risks so are not able to learn from your losses. When we make a bet on a horse, it's so easy to hear about a “sure thing” from someone else. If you pick a horse on the word of someone else, this could cause problems. The best approach is to go through the following: 

  • Go online. There's a wealth of information out there. 
  • Evaluate all the information you found on a list of fixtures or race cards. 
  • Consider the areas of horse racing that you know best and how you can gain an edge over the bookmakers. 

At some point, your research will involve stats, but when using stats, select the outcomes that you think are more likely to win. If you're not sure about a particular race, the best approach is to move on. If you bet on events you just like the look of, you could lose money quickly. 

Learning from Your Mistakes

If you want to make a long-term profit from betting, it's not always easy. When you find specific events where you win, you should concentrate on those events. The more you learn, the more you will repeat the process and should result in a decent return on investment in the long run. 

The importance of building a racing system for yourself is invaluable when it comes to a responsible horse betting strategy because the very nature of betting is taking a step into the unknown. When you have a system, remember that you need to be patient. When you are building your level of experience, you've got to go in with a realistic approach. Many people become too confident and start to think they are invincible. This will lead to a loss in the end. 

For beginners, and for people who are looking to change their strategy, the safest one is always the one that feels right. And in order for it to feel right, you've got to know exactly what you are doing. Just because a horse has won in the past doesn't mean it will happen again in the future. You should only gamble what you can afford to lose. Services like BetAlchemist aim to provide the best advice on betting, but the best advice is to take it low and slow, and be comfortable with your money.