The 5 Best Horse Racing Betting Strategies For 2024

Date IconLast Updated: 14 Mar 2024
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The 5 Best Horse Racing Betting Strategies For 2024

If you want to beat the bookies when betting on horses, the best horse racing betting strategies to employ are often the simplest. 

In this article, we'll look at some tried and tested horse racing betting strategies to level up your game.

Tip 1. Oppose (The Right) Short-Priced Favourites

Lay betting is one of those horse racing betting strategies that can allow for a higher win probability (when employed correctly). 

Around 50% of even money chances win (as the odds suggest) so there is little long-term value in laying every even money bet in the hope of making a long-term profit. 

The key is to be selective.

Here are three effective lay betting strategies that will improve your chances of winning. 

1. It can be profitable to lay horses at short odds that have raced on the flat but are now making their debut over hurdles

Successful flat horses that are new to hurdles will still often go off short odds - especially if trained by one of the big names. Most, however, don’t take to jumping, especially on winter ground. 

2. Another good horse racing betting strategy involves opposing badly drawn horses. This is especially effective over distances where the field is on the turn early in the race. 

The handicapper can often put paid to a horse’s winning run by hiking his handicap mark, so keep a close eye on this value.

3. Lots of horses can handle a variety of ground conditions but many horses won't perform on extreme ground, like heavy and firm. 

In these scenarios, there are opportunities to oppose favourites that have previously shown they can’t perform optimally under extreme conditions.

Tip 2. Make The Most of Each-Way Betting 

Major race meetings are key battlegrounds for bookmakers. Cheltenham odds, for example, often come with extra each-way places as bookies compete for business.

It's always a good idea to compare the each-way places on offer from horse racing betting sites to find the best terms for the race you're betting on.

Another way to cash in with each-way bets is to seek out what bookmakers refer to as ‘bad each-way races’. These are normally maidens or novice races that have a short-priced favourite with an obvious potential weakness

In such a circumstance, backing the second or third-favourite each-way is often the shrewd play.

Tip 3. Following In-Form Trainers

Latching onto an in-form trainer can be profitable - especially if it is a smaller yard whose runners often go under the radar.

The key to success with this horse racing betting strategy is getting in early, because a purple catch can often come and go in a three or four-week period. 

Keep a close eye on how horses from certain yards are performing, then use ratings to determine whether or not they are doing better than expected. 

Getting off the train at the right moment is also important, because following a trainer’s runners for too long can be a drain on the profits already banked.

Tip 4. Pay Attention to Sectional Times

Sectional times are a lot more accessible than they used to be. 

Digesting this data can be time-consuming but it's worth incorporating into your horse racing betting system. 

Sectional timings are most helpful when it comes to evaluating form. They can be used to determine which performances deserve marking up and which horses might be flattering to deceive. 

You might, for example, upgrade a horse that shows a late burst of speed to overcome poor positioning and pass better-placed horses. 

Conversely, you should be wary of horses that were beneficiaries of the way a race panned out. For example, a horse that was held up off a strong pace.

Sectional times, used in conjunction with overall times, are invaluable when it comes to form study and will help you refine your horse racing betting strategy.

Tip 5 – Back Big-Priced Outsiders on Exchanges

If backing outsiders is your bag, then you should be backing them on the exchanges instead of conventional bookmakers, as you will nearly always get a better price

Even after paying commissions to the exchange, you'll be significantly better off than you would be if you went the conventional route. 

Winners will be few and far between, so maximising the returns on a winning selection is vital to a profitable horse racing betting system that includes backing long-shots.

If the exchange isn't for you, make the most of free bets to reduce risk when backing horses at big prices. 

Key Takeaway: Create Horse Racing Betting Systems

  • Successful horse racing betting strategies should be combined into an overall horse racing betting system
  • For example, an each-way bet against a vulnerable favourite at strong extra-place terms (tip 2) would be enhanced greatly if the horse was representing a ‘hot’ stable (tip 3).
  • Your horse racing betting strategy must evolve with time. Keep thorough notes and records and run the rule over your system at the end of each season.
  • It takes time to evaluate your horse racing betting strategy - one good month doesn’t automatically put you on the path to riches. 
  • Always compare the latest horse racing odds before making selections.

 

Check Out Racing Event Offers:

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    Tooltip Is there live streaming of sporting events?
    Yes
    Our Rating
    Tooltip Gambling.com's rating of this betting site out of 100
    87
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Cash Out
    Tooltip Can you cash out of bets before an event has finished?
    Yes
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Parimatch is a global bookmaker first established in Kyiv, Ukraine and now fully licensed in the UK. This is the official betting partner of Chelsea FC and has also sponsored Newcastle United, Aston Villa, Everton and Leicester City.
  28. Esports & Tennis Live Streams
    Wide-Ranging Specials Markets
    Lots of UK Politics Betting Options
    Bonus Code
    Tooltip The code required to claim this sign-up bonus (if any)
    not required
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    Yes
    Our Rating
    Tooltip Gambling.com's rating of this betting site out of 100
    91
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Cash Out
    Tooltip Can you cash out of bets before an event has finished?
    Yes
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    For a relatively new betting site, Fun Casino Sports has already compiled a strong selection of niche markets, including entertainment, TV and politics specials. You can also get acca boosts of up to 50%.
  29. 29
    Zet Bet Sports
    Established 2022
    More Details
    Customisable Betting Homepage
    'Zet Boost' Accumulator Boosts
    Odds Boost Section With Daily Enhancements
    Bonus Code
    Tooltip The code required to claim this sign-up bonus (if any)
    not required
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    Our Rating
    Tooltip Gambling.com's rating of this betting site out of 100
    96
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Cash Out
    Tooltip Can you cash out of bets before an event has finished?
    Yes
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    ZetBet is a new UK betting site with a user-friendly layout that enables you to find your bet quickly and easily. Daily price boosts and acca enhancements help bettors to find extra value with this bookmaker.
  30. 30
    BritainBet Sport
    Established 2020
    More Details
    10% Cashback on Various Sports
    'Wager Wars' With Cash Prizes
    Full & Partial Cash-Out Options
    Bonus Code
    Tooltip The code required to claim this sign-up bonus (if any)
    BB30
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    Our Rating
    Tooltip Gambling.com's rating of this betting site out of 100
    93
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Cash Out
    Tooltip Can you cash out of bets before an event has finished?
    Yes
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    BritainBet is a relatively new sports betting site and casino platform, which offers bet builder, cashback deals and 24/7 customer service.
  31. Football Acca Boosts of up to 50%
    Live Streams of Niche Sports Like Table Tennis
    Wide Range of Esports Markets
    Bonus Code
    Tooltip The code required to claim this sign-up bonus (if any)
    not required
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    Yes
    Our Rating
    Tooltip Gambling.com's rating of this betting site out of 100
    91
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Cash Out
    Tooltip Can you cash out of bets before an event has finished?
    Yes
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    No Bonus Sports is one for the punter who likes to dabble in niche betting markets. Esports betting is a major focus of this bookmaker and there are also live streams of sports like table tennis.
  32. 32
    Monster Casino Sports
    Established 2017
    More Details
    £20 Free Bets Available Every Monday
    10% Cashback on Sports Betting Losses
    'Wager Wars' Leaderboard & Cash Prizes
    Bonus Code
    Tooltip The code required to claim this sign-up bonus (if any)
    not required
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    Our Rating
    Tooltip Gambling.com's rating of this betting site out of 100
    94
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Cash Out
    Tooltip Can you cash out of bets before an event has finished?
    Yes
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Monster Casino Sportsbook is the new sports betting site from this well-known casino brand. Monster has a healthy welcome offer, £20 free bets every Monday and 10% cashback on losses.
  33. 33
    Hey Spin Sports
    Established 2020
    More Details
    Dual Sports Betting & Casino Platform
    Huge Array of Esports Betting Options
    Accumulator Boosts of up to 77%
    Bonus Code
    Tooltip The code required to claim this sign-up bonus (if any)
    not required
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    Our Rating
    Tooltip Gambling.com's rating of this betting site out of 100
    94
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Cash Out
    Tooltip Can you cash out of bets before an event has finished?
    Yes
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    HeySpin is an online betting site that offers both sports betting and online casino games. Their impressive UK betting platform is home to a huge range of markets, with in-play betting and cash-out options.
  34. 34
    BetItOn Sportsbook
    Established 2020
    More Details
    'Rising Star Operator of the Year' 2021
    'Fast Market' In-Play Betting Feature
    ‘Boostiton’ Accumulator Boosts
    Bonus Code
    Tooltip The code required to claim this sign-up bonus (if any)
    not required
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    Our Rating
    Tooltip Gambling.com's rating of this betting site out of 100
    84
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Cash Out
    Tooltip Can you cash out of bets before an event has finished?
    Yes
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Betiton has ex-Liverpool striker and Champions League winner Djibril Cissé as a brand ambassador and resident football expert. This bookie has become known for unique live betting markets, boosts and personalised offers.
  35. 35
    Luckster Sports
    Established 2022
    More Details
    Live Betting & Cash-Out Options
    Politics & Novelty Betting Coverage
    ‘Boost Up’ Accumulator Boosts
    Bonus Code
    Tooltip The code required to claim this sign-up bonus (if any)
    not required
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    Our Rating
    Tooltip Gambling.com's rating of this betting site out of 100
    94
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Cash Out
    Tooltip Can you cash out of bets before an event has finished?
    Yes
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Luckster Sport is a new sports betting site with a vaguely Irish theme. Football and horse racing betting are the big highlights here, with plenty of Esports, politics and novelty markets to choose from as well.
  36. Best Odds Guaranteed For Horse Racing
    25% Football Acca Boosts
    In-Play Bet Boosts
    Bonus Code
    Tooltip The code required to claim this sign-up bonus (if any)
    not required
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    Our Rating
    Tooltip Gambling.com's rating of this betting site out of 100
    91
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Cash Out
    Tooltip Can you cash out of bets before an event has finished?
    No
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Casumo is a sports betting site that is easy to navigate and comes with plenty of promotional offers. There's an extensive range of bet builder markets and in-play odds boosts on selected matches.
  37. Dual Online Betting & Casino Platform
    Regular Odds Boosts & Cash-Out Offers
    Variety of Esports Betting Markets
    Bonus Code
    Tooltip The code required to claim this sign-up bonus (if any)
    not required
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    Our Rating
    Tooltip Gambling.com's rating of this betting site out of 100
    89
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Cash Out
    Tooltip Can you cash out of bets before an event has finished?
    Yes
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Vegasland Sport is the betting site which supplements this Vegas-themed casino, with betting markets on thousands of global sporting events.
  38. 38
    Kwiff Sports
    Established 2015
    More Details
    Random Supercharged Payouts
    Weekly ‘kwiff Club’ Cashback & Free Bets
    ‘Acca Shield’ Refund (if One Leg Fails)
    Bonus Code
    Tooltip The code required to claim this sign-up bonus (if any)
    not required
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    Yes
    Our Rating
    Tooltip Gambling.com's rating of this betting site out of 100
    94
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Cash Out
    Tooltip Can you cash out of bets before an event has finished?
    Yes
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    Yes
    When you place a bet with this bookmaker, your bet may be “kwiffed” - meaning the Kwiff betting site gives you random enhanced odds as a surprise after you've placed your bet.
  39. Unique Double Odds Welcome Offer
    'Grosvenor Goals' Free Prediction Game (£10k prize)
    3 x Odds Boost Tokens Every Week
    Bonus Code
    Tooltip The code required to claim this sign-up bonus (if any)
    not required
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    Yes
    Our Rating
    Tooltip Gambling.com's rating of this betting site out of 100
    90
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Cash Out
    Tooltip Can you cash out of bets before an event has finished?
    Yes
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    Yes
    Grosvenor Sport is the bet site of Grosvenor Casinos - the UK's largest casino operator with over 50 land-based casinos. The sports betting site has a free goals prediction game with a £10k prize, weekly free bets and best odds guaranteed on racing.
  40. 40
    mr.play Sports
    Established 2017
    More Details
    Battle Games v Other Punters
    Dual Online Betting & Casino Site
    ‘PlayBoost’ Accumulator Boosts
    Bonus Code
    Tooltip The code required to claim this sign-up bonus (if any)
    not required
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    Our Rating
    Tooltip Gambling.com's rating of this betting site out of 100
    94
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Cash Out
    Tooltip Can you cash out of bets before an event has finished?
    Yes
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    mr.play Sport 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 against other punters.
  41. 41
    NetBet Sports
    Established 2001
    More Details
    Create Your Own Bet Builder with 'BetMaker'
    Enhanced Odds Every Week with 'BetPlus'
    Live Streaming of International Horse Racing
    Bonus Code
    Tooltip The code required to claim this sign-up bonus (if any)
    not required
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    Our Rating
    Tooltip Gambling.com's rating of this betting site out of 100
    88
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Cash Out
    Tooltip Can you cash out of bets before an event has finished?
    Yes
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    Yes
    A well-known betting site in Europe that's growing fast in the UK, NetBet offers unique features such as 'SnapBet' - where mobile users can bet on a goal being scored in the next 30 secs, 1 min, 5 mins or 10 mins of live football matches.
  42. 42
    Mr Mega Sports
    Established 2021
    More Details
    Accumulator Boosts of up to 77%
    Extensive Range of Football Markets
    Dual Betting Website & Casino Platform
    Bonus Code
    Tooltip The code required to claim this sign-up bonus (if any)
    not required
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    Our Rating
    Tooltip Gambling.com's rating of this betting site out of 100
    89
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Cash Out
    Tooltip Can you cash out of bets before an event has finished?
    Yes
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Mr Mega boasts an impressive and user-friendly online betting interface, with markets on all major sports and events, plus a wide range of Esports betting markets.
  43. 43
    The Online Casino - Sport
    Established 2018
    More Details
    Simple & Easy-to-Navigate Betting Lobby
    'Wager Wars' Leaderboard & Cash Prizes
    10% Cashback on Sports Betting Losses
    Bonus Code
    Tooltip The code required to claim this sign-up bonus (if any)
    TOC40
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    Our Rating
    Tooltip Gambling.com's rating of this betting site out of 100
    89
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Cash Out
    Tooltip Can you cash out of bets before an event has finished?
    Yes
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    The Online Casino, as its name clearly indicates, is a casino-first operator with an added sports betting section in case you also fancy some sports wagers.
  44. 44
    Spinzwin Sport
    Established 2017
    More Details
    'Wager Wars' Leaderboards & Cash Prizes
    Complete Missions to Unlock Rewards
    Cashback Offers on Multiple Sports
    Bonus Code
    Tooltip The code required to claim this sign-up bonus (if any)
    not required
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    Our Rating
    Tooltip Gambling.com's rating of this betting site out of 100
    91
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Cash Out
    Tooltip Can you cash out of bets before an event has finished?
    Yes
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Spinzwin's betting site offers a clean and easy-to-use interface, plus cashback promos and regular sports betting leaderboards where you can earn cash prizes.
  45. 45
    Vegas Mobile Casino - Sport
    Established 2014
    More Details
    Dual Bookmaker & Casino Platform
    10% Cashback on Various Sports
    Complete Missions to Unlock Rewards
    Bonus Code
    Tooltip The code required to claim this sign-up bonus (if any)
    VMC30
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    Yes
    Our Rating
    Tooltip Gambling.com's rating of this betting site out of 100
    90
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Cash Out
    Tooltip Can you cash out of bets before an event has finished?
    Yes
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    The Vegas Mobile Casino Sportsbook offers regular promotions for existing customers, including a rewards store where you can exchange 'rewards points' for free bets and other extras.
  46. 46
    Luckland Sports
    Established 2015
    More Details
    Dual Bet Site & Casino Platform
    Accumulator Boosts of up to 77%
    Bet Builder Available For 8+ Sports
    Bonus Code
    Tooltip The code required to claim this sign-up bonus (if any)
    not required
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    Our Rating
    Tooltip Gambling.com's rating of this betting site out of 100
    83
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Cash Out
    Tooltip Can you cash out of bets before an event has finished?
    Yes
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Luckland Sport is a recent addition to the established Luckland Casino brand, offering an all-round betting experience complete with free bets and a new bet builder function.
  47. 47
    Karamba Sports
    Established 2005
    More Details
    Regular Money-Back Special Offers
    'Karamba Battle' Betting Tournaments
    ‘Karamboost’ Accumulator Boosts
    Bonus Code
    Tooltip The code required to claim this sign-up bonus (if any)
    not required
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    Our Rating
    Tooltip Gambling.com's rating of this betting site out of 100
    86
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Cash Out
    Tooltip Can you cash out of bets before an event has finished?
    Yes
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Karamba is a dual UK bookmaker and casino operator with a decent range of sports markets, plus live betting, cash out options and a handy 'Karambot' odds calculator.
  48. Free Bet Loyalty Rewards
    Football Leaderboard Battles
    F1, Tennis & NBA Cashback
    Bonus Code
    Tooltip The code required to claim this sign-up bonus (if any)
    BET30
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    Our Rating
    Tooltip Gambling.com's rating of this betting site out of 100
    88
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Cash Out
    Tooltip Can you cash out of bets before an event has finished?
    Yes
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    BetStorm is a new bookmaker in the UK, with a distinctive website and 'Lightning' logo. Regular free bets, cashback offers and loyalty rewards are some of the most attractive features at this bet site.