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Often referred to as the “Sport of Kings” horse racing is one of the oldest sports in the world and one of the most common ways to gamble. This is where many gamblers placed their first bets and where many professional gamblers spend the majority of their time. Horse racing is unique in the sporting world in that this entire sport is based around gambling. There are prizes awarded to the winners and there are events, leagues and more, but gambling and horse racing go hand in hand and they always have.

With that in mind, what are the best ways to gamble when it comes to this sport, and which are the best sites to gamble on?

Horse Racing on Sports Interaction

Sports Interaction is one of the most trusted sports books in North America. It was founded back in 1997 and has been going strong ever since, standing as one of the few betting sites to be licensed and regulated on the continent. Sports Interaction is widely available in Canada and is the perfect place to bet on everything from boxing and soccer, to football, basketball, hockey and, of course, horse racing.

On Sports Interaction you can place bets on all of the country’s biggest races and events, and there are also races from the United States, Middle East and Europe available. Horse racing is a global sport, and on Sports Interaction you can bet on races run in dozens of countries. Due to the time differences and thanks to streaming services, you can watch races from morning until night if you desire, which is exactly what many professional gamblers do.

So how do you bet like a professional gambler? How can you win by betting on horse racing?

How to Gamble on Horse Racing

There are a few amateur mistakes that you need to avoid if you want to bet like the professionals. First of all, never choose a horse just because of its name. You may argue that you’ve won before using that method, but if you blindly throw enough arrows at a target then one of them will eventually stick. Your goal is to win consistently enough to make a profit, and that’s not how you do it. Avoid betting on the favorite as well, assuming that just because he’s a heavy favorite means that it will be an easy win. This isn’t always the case and many times it’s just not worth it.

You should also not rely too much on form. This is important, but you need to look beyond the numbers. The fact that a horse finished 3rd in its last three races might look great on paper, but for all you know there were only 3 or 4 horses per race and in each of them it was 10+ lengths behind the winner at the end of the race. Study the history in depth, find out how it performed over a similar course and distance, and against similar opponents. In many cases the horses in any given race have run against each other before, so you can get a good idea of how they will perform in the current race by looking at how they did in the previous one.

Weight is also important. Very important. Horses are often handicapped, which means that if they win many times then they will be given some extra weight to carry, and if they lose too many times then they may be allowed more weight. Horses and their jockeys also differ in weight naturally, so even in a race that is not a handicap, weight can be very important.

When it comes to the actual betting, try to spread your money around. We mentioned not betting big on the favorite, but what if you did your research and all signs point to the favorite winning the race? Well, if that favorite has half-decent odds, which is to say that you don’t need to bet $10 for a profit of just $1 or $2, then by all means place your money on him. If the odds are slim though, then look elsewhere. You can place your money on an Each Way bet, which takes a little understanding.

To put an Each Way bet on you need to tick the EW option. This will double your stake but in the event that your horse wins, you only get an extra 50%. However you are also covered if the horse places. How much you earn depends on how many horses are in the race, but typically you will be paid 1/4 of the odds for a top three finish.

So, let’s assume that you are staking $10 for a $100 win, plus your stake returned. If you select the EW option then you will need to stake $20 and will only win $150 if the horse wins the race, but if it finishes second or third, you will get $70. This is how you hedge your bets in horse racing.

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