Horse Racing Betting Strategy: Keys to Being Successful Long Term

Date IconLast Updated: 2022 Sep 28
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Horse Racing Betting Strategy: Keys to Being Successful Long Term

Horse racing betting is one of the toughest games going, and the only way to get anywhere near being profitable in the long term is through sheer hard work.

That isn’t what many people who think the game is easy want to hear - and it is a world away from the perception that professional gambler’s lead a glamorous lifestyle, when in fact being profitable means hours of hard work to find that elusive edge.

Success isn’t measured on a day-to-day basis, it is measured in the long term, a period that contains a huge body of work that often means years.

Getting yourself into a long-term mindset is crucial if you are going to be successful and that means not over-celebrating individual winners as well as not getting too despondent when things aren’t going well. Never forget, even the shrewdest punters on the planet back losers, it is simply part and parcel of the game.

What you do need is confidence, confidence in your methods and your ability to not only spot value, but how to make the most of an opportunity when it comes along.

Here are some tips to make you a better punter long term.

Bank Roll Management

Being able to manage your money and control your staking is one of the most important facets to profitable punting. It might seem boring, and at times you might feel more like an accountant than a punter, but straying away from your staking plan can be a real killer, whether it be under staking or over staking.

There are many different types of staking plans out there, and all have their advantages/disadvantages but, like so many aspects of taking punting seriously, finding a method that suits your punting style is most important.

Some people love to increase their stakes on shorter priced-horses, others like to adopt that strategy on bigger-priced runners in order to maximise profit potential, while others bet each-way to level stakes.

There are so many ways to achieve this, but finding the one that sits most comfortable with the types of horses you back is paramount.

Trainer/Jockey Comments

This one is easy – ignore pre-race comments from any of them. Jockeys are notoriously bad tipsters, even the top ones.

One of the worst feelings any bettor can have is being talked into backing a horse on the basis of an upbeat trainer/jockey quote. If you do your homework and cover the bases, then you should have sufficient faith and confidence in your methods not to be influenced by comments from connections.

As a student of the form-book and someone who understands pedigrees, you will already have a good idea whether a horse will stay a certain trip or go on soft ground etc, you simply don’t need a trainer or jockey to tell you.

It’s all about having confidence in your work. Do not put yourself in a position where you are blaming someone else for losing bets.

Watching Back Races

This is an absolutely crucial and major part of any good punter’s armoury. Knowing how to read form is obviously vital, but you also need to be able to spot things that aren’t necessarily in the formbook, and the only way to do that is to watch races repeatedly.

One other key point with this: forget the idea that you only need to watch the closing stages of a race. That is a shortcut that will do you harm in the long term.

Many races are won/lost at the start, or with an incident mid-race that effects certain runners in different ways.

Taking Best Enhancements from Bookies

Any edge you can gain from bookmakers is one you should be looking to take advantage of providing it doesn’t have a detrimental effect on your ability to use that account in the way you need going forward.

Bookmaker accounts and being able to access accounts is a topic of its own really, but you have to accept that if you are operating a profitable account, or even beating the prices on a regular basis, you are going to have accounts closed.

One thing is for sure, your account isn’t going to last long if you start having £100 each way on a 7/2 second favourite in ‘bad each-way' races. That is a big red flag for the layers and you will soon be restricted to pennies.

One key point here is you simply must take the best price available on your selections. Tools like bookmakers.co.uk that allow you to compare the odds of all the best betting sites are invaluable.

Discipline

Probably the most important factor in long term success, especially in the modern era where we are all able to place bets from our mobile devices. We’ve all been in the pub and fancied a bet on the football after a few pints, right?

If you want to be serious about your betting, then this sort of thing is a big no. The decisions you make need to be made with the utmost clarity and on the back of thorough research. Without such discipline it is perfectly possible to undo all your hard work with one poor decision.

Discipline also means that you don’t chase losses. Remember, you are going to have losing days – the best punters on the planet have losing days. If you have confidence in what your do, then stick to your guns and you will make money in the long term.

If you don’t then there are flaws in your methods and that is something you must address.

Be Proactive

Remember, if you find an angle that you make money from, it won’t take long for others to do the same, or for the layers to latch on and snuff out any potential value in their prices.

You have to devote a good deal of time to researching potential new angles despite the strong likelihood that your experimentation is fruitless.

New markets, technologies, loopholes etc come and go all the time and the most successful punters are the first to latch onto them. Like so many things in life, if you stand still, you will find others moving past you. The most proactive and versatile punters will always lead the way.


If this all sounds too much like hard work why not find out how the professional tipsters make it pay with our Knowledge Podcast special on whether you should pay for tips?

Check Out Popular Horse Racing Event Offers:

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    VegasLand sports betting has a huge variety of markets with top licensing from Malta. Obscure, hard-to-find leagues are available here. Free bets and excellent odds on your favourite sports can be found.
  30. 39
    Monster Casino Sports
    Established 2017
    More Details
    Dual Sportsbook & Casino Platform
    10% Cashback on Sports Betting Losses
    'Wager Wars' Leaderboard & Cash Prizes
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    17
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Monster Casino Sportsbook is the new sports betting offering from this long established casino brand, with a small but select selection of sports to bet on.
  31. 40
    Stake.com Betting
    Established 2017
    More Details
    Betting Partner of UFC, Everton, & Watford FC
    Vast range of sports and markets on offer
    UEFA Champions League and More Live Streaming
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    100
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    Yes
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    38
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    The world's leading crypto sports betting site - Buy and bet with 19 different cryptocurrencies.
  32. 41
    Nine Sports
    Established 2021
    More Details
    Licensed Bookie With Top-Tier Security Protocol
    Tournaments for New and Returning Bettors
    Prompt Payouts Across All Payment Methods
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    16
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    NineCasinos Sportsbook is a fairly new bookmaker that covers dozens of betting markets and various sports events. It allows live sports betting, and offers a generous prize for sports tournaments.
  33. 42
    BetItOn Sportsbook
    Established 2020
    More Details
    Rising Star Operator of the Year' 2021
    Single or Acca Bets Cashout
    ‘BoostItOn’ Accumulator Boosts
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    12
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    BetItOn have ex-Liverpool striker and Champions League winner Djibril Cissé as their brand ambassador and resident football expert
  34. Mega Win When Bettors Combine Selections
    Comprehensive Collection of Sports, Including Esports
    Esports Video Streams
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    18
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Neo.Bet is a sportsbook that attracts users with its competitive odds and unique features. Personal bet configurator is one of them. The platform runs smoothly on devices with screens of all sizes.
  35. 44
    Parimatch Sports
    Established 1994
    More Details
    Big Selection of Live Betting Markets
    Clean Interface
    Dual Sportsbook & Casino Platform
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    Yes
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    23
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Casino players are not the only ones spoilt for choice with Parimatch, sports lovers are too. The betting platform features competitive odds on a big selection of sports.
  36. 45
    mr.play Sports
    Established 2017
    More Details
    Dual Sportsbook & Casino Platform
    Distinctive ‘Moustache’ Branding
    ‘PlayBoost’ Accumulator Boosts
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    32
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Mr.Play Sports has a fun style of its very own, with a memorable handlebar 'tache wherever you look, but it boasts a serious amount of betting markets, plus Premier League & 'Euro Elite' betting battle tournaments.
  37. 46
    Sportaza Sports
    Established 2021
    More Details
    96% Payout Rate On Top Leagues
    Bitcoin And Other Crypto Payments Available
    Higher Odds Than Other Betting Site Options
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    30
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    Yes
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    -
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Unlike other betting companies, Sportaza appeals to a new generation of customer by gamifying its offering. This means every week, the online bookmaker will host challenges and tournaments where bettors earn points to improve their VIP rank.
  38. 47
    Spinzwin Sport
    Established 2017
    More Details
    Abundance of sports betting markets
    Licensed by UKGC and MGA
    Availability of partial cashouts
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    21
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    SpinzWin definitely knows how to cut through the noise. The site’s operator has been in business for over a decade, which says a lot.
  39. 48
    Palm Slots Sports
    Established 2022
    More Details
    Crypto-Friendly - Including Bitcoin
    Integrated Casino Wallet
    Leading Esports Betting Provider
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    PALMBET100
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    21
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    A new sportsbook to Canada, PalmSlots is operated by NewEra B.V, a trusted brand responsible for Pribet, Cashalot, and FaroUK.
  40. 49
    Mr Mega Sports
    Established 2021
    More Details
    Accumulator Boosts of up to 77%
    Extensive Range of Football Markets
    Dual Sportsbook & Casino Platform
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    15
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    8
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Mr Mega Sports boasts an impressive and easy to use online betting interface, with markets on all major sports and events, plus a wide range of Esports betting markets.
  41. 50
    Betway Sports
    Established 2006
    More Details
    Esports Operator of the Year' 2019
    Rewarding Parlay Club
    Exclusive Esports Club
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    Yes
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    28
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Betway was founded back in 2006, making it one of the experienced brands in the market today. Aside from having a massive selection of sports, the brand excels with esports betting odds.