Simple Mistakes 80% of Horse Racing Customers Make

Horse racing punters often learn the ins-and-outs of the sport through trial and error. This means that if you plan on becoming a serious bettor, then your new passion could be quite costly at first. To avoid losing out the beginning, however, you could learn from those who have already made the mistakes that you are likely to make too. 

Essentially, there are 3 major mistakes that we have identified that up to 80% of horse racing customers make. By being aware of these errors and navigating around them, you are more likely to place a secure and winning bet using betting sites like Timeform.

We suggest that you avoid: 

Ignoring Wide Barriers

Many punters place their bets on the idea that “the smaller the barrier number, the more likely a horse will win a race”. This thought pattern is often one that’s proved wrong, however, and this “one-size-fits-all” approach is seen as a lazy way of punting. 

When a horse has a wide barrier, then yes, the chances are that it will fall behind in a race – but this does not mean that circumstances cannot change. It is important to continuously study the improvements of horses whilst being objective and taking other considerations into account. Also, always remember that inside barriers do not necessarily generate much of a profit, simply because the market is biased towards them.

Making Uninformed Decisions

A common mistake made by novice players is to place bets impulsively, without making a researched decision. Professionals in the field attained their status because they invested tons of time into comparing statistics of individual horses, trainers, jockeys, and different tracks. 

It is crucial to learn as much as you can in order to place informed bets with potentially higher winning chances. From studying track records to considering advice from tipping sites, making a thought-out decision will certainly increase your chances of winning – rather than betting on a whim or a “lucky bet”. 

Overconfidence

Like with most sports, being over confident on a horse can be to your detriment. Without sounding negative and throwing a stick in the works, our advice is to always expect the worst. This is because anything can go wrong at any time. 

You see, it all comes down to the horse and you can never be certain that a predicted plan will run smoothly. Even the most stable horses with the calmest dispositions and a track record for winning can turn riot during a race. When it comes to horse racing, it’s always best to be a realist. 

If you no how to bypass common mistakes, horse racing can be quite a lucrative enterprise. Understanding “what not to do” is an important part of learning the ropes and it can save you from being out of pocket at the end of every race. 

With this in mind, you will see that by making an effort to avoid common errors, you will not only improve your betting strategy but you will also avoid losing stacks of hard-earned cash.