Horse racing is one of the most popular sports around the world and is among the most played sports since the beginning of civilization. Horse racing is an equestrian sport used to determine the strongest and fastest horse in the match.

Unlike traditional sports like basketball, horse racing has different formats depending on the surface, race track, and the country in which the race is being held. The horse racing variations include races for a certain age group, breed, or running over obstacles.

Horse race betting can be overwhelming, especially if you are new to the community. To make it easier for you, here are some of the tips you should know:

Choosing a sportsbook

It is highly recommended to choose a sportsbook that is regulated and licensed to operate. It is also best if there are multiple banking options available. It can be through cryptocurrency using a crypto wallet or online banking through credit/debit cards. When it comes to horse racing with Bitcoin and other digital currencies, you simply need to scan the QR code or provide your crypto wallet address. It also guarantees faster and cheaper transactions because cryptocurrencies are decentralized. This simply means that no authority has any control over your transactions.

On the other hand, you need to provide your account number, CVV, and the expiration date of your card when using traditional currencies such as the US dollar and Japanese yen.

Bet on other horses

Even if you already have a favourite, it is still highly recommended to bet on other horses because your horse will not always win. After all, there are a lot of horses that have the potential to win the race. It is also one of the best ways to spread your bets.

Make a plan

Whether you are a new bettor or not, it is best to create a betting plan to avoid overspending. Your betting plan may include the jockeys, horses, and even the amount of money you are willing to spend.

Do your research

Before you place your bets, you should research what kind of tournament it is as well as the weaknesses and strengths of the horse and jockey. You should also be familiar with the horse breed’s attitude, racecourse track, and the kind of bet to place. To give you an idea, here are the different types of horse betting types:

  • Quinella Place – wager on two horses to win 1st and 2nd place, 1st and 3rd place, or 2nd or 3rd place
  • Superfecta – bet on four horses to win in 1st, 2nd, 3rd, and 4th place in order
  • Trifecta – wager on three horses to win in 1st, 2nd, 3rd place in order
  • Quinella – bet on two horses that should win 1st and 2nd place in any order
  • Exacta – wager on two horses to win 1st and 2nd place in exact order
  • Show – your horse must win 1st, 2nd, or 3rd place
  • Place – your horse must win 1st or 2nd place
  • Win – your horse must win 1st place

Horse racing with Bitcoin is a lot of fun especially if you are on the winning side. However, remember to set a betting limit and observe responsible gambling at all times. Don’t take it too seriously and have a great time cheering for your favourite horse and jockey.

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