Seen on:
as known from New York Timesas known from USA Todayas known from yahoo!
VA
The Grueling Truth - Where Legends Speak / Best Horse Betting Strategies for 2024

Best Horse Betting Strategies for 2024: Writen by Racing Experts

Best Betting Strategies for Horse Racing Explained

Last Updated on 11/19/2024
Fact checked by: Mike Goodpaster

Learning some top-quality horse betting strategies is a sure-fire way to improve your results in the long run. There will always be losses but with the right strategy, you can negate plenty of them.

Our guide to the best betting strategy for horse racing gives you some insight into how you can find a strategy that’s going to suit your level of experience. From there, we give you some top tips on how to effectively use these strategies in a real-world scenario. Keep reading to see how you can improve your betting prowess.

Read More

Test out your strategies at these top horse betting sites

Bet365
Recommended
Favicon
4.6/5
  • Excellent range of sports betting markets available
  • World-renowned brand
  • Easy to navigate
Bet365 Bonus
Bet $5 Get $150 or $1000 First Bet Safety Net
Virginia
Players from Virginia accepted
Go to Bet365
Bet now
Payment Methods
Find out more on Bet365.
Withdrawal
0 – 10 Days
Apps
License
Virginia (US) Lottery Board
Award
EGR – Operator of the year (2017)
Whatever the sport. Whatever the moment. It’s Never Ordinary at bet365. That’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $200 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply.Gambling Problem? Call 1-800-Gambler 21+
Show less
BetMGM
Hot Offer
Favicon
4.6/5
  • Excellent range of sports betting markets
  • Straightforward user experience
  • Competitive odds
BetMGM Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Go to BetMGM
Bet now
Payment Methods
PayNearMe
Skrill
PayPal
+
Withdrawal
0 – 3 Days
Apps
License
Virginia (US) Lottery Board
Award
GGA – Digital Operator of the Year (2023)
Show less
FanDuel
Hot Offer
Favicon
4.5/5
  • Well-known company
  • Excellent range of markets
  • Clever site design
FanDuel Bonus
Bet $5 Get $300 in Bonus Bets if you win + 3 Free Months of NBA League Pass
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Go to FanDuel
Bet now
Payment Methods
Prepaid Card
PayNearMe
PayPal
+
Withdrawal
1 – 10 Days
Apps
License
Virginia (US) Lottery Board
Award
Global Gaming Awards (2022)
Show less
Caesars
4.
Favicon
4.5/5
  • Exceptional range of betting markets
  • A fluid in-play betting section
  • Competitive odds
Caesars Bonus
First bet back as a bonus bet up to $1000
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Copy
Bet now
Payment Methods
E-Check
PayNearMe
PayPal
+
Withdrawal
0 – 5 Days
Apps
License
Virginia (US) Lottery Board
Show More
BetRivers.com
5.
Favicon
4.5/5
  • Reputable brand
  • Payments via PayPal accepted
  • Reasonable wagering requirements
BetRivers.com Bonus
Second chance bet: Get up to $500 in Bonus Bets
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Copy
Bet now
Payment Methods
PayNearMe
Bank Transfer
VIP Preferred
+
Withdrawal
0 – 5 Days
Apps
License
Virginia (US) Lottery Board
Show More
DraftKings
6.
Favicon
4.5/5
  • Superb range of different sporting leagues
  • Effective in-play betting feature
  • Exciting fantasy team building
DraftKings Bonus
Bet $5, Get $150 If Your Bet Wins
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Go to DraftKings
Bet now
Payment Methods
PayPal
VIP Preferred
Play+
+
Withdrawal
0 – 5 Days
Apps
License
Virginia (US) Lottery Board
Award
EGR – Operator of the year (2023)
Show More
BetFanatics
7.
Favicon
4.5/5
  • Brings something new to the market
  • Solid sports betting options
  • An established name in sporting goods
BetFanatics Bonus
Bet $100, Get $100 in Bonus Bets Every Day for 10 Days!
Virginia
Players from Virginia accepted
T&Cs apply, 21+
Go to BetFanatics
Bet now
Payment Methods
Skrill
Venmo
PayPal
+
Apps
License
Virginia (US) Lottery Board
Show More
Barstool
8.
Favicon
  • First-time bettors can look forward to 100% up to $1,000 risk-free bets.
  • Barstool is available in close to ten US states.
  • Players can deposit and withdraw using a wide range of convenient banking methods.
Best Alternative
Bet365 Go to Bet365
Payment Methods
E-Check
PayNearMe
PayPal
+
Withdrawal
1 – 5 Days
Apps
License
Virginia (US) Lottery Board
Show More

Horse Betting Strategies for Betting

Learning some top-quality horse betting strategies is a sure-fire way to improve your results in the long run. There will always be losses but with the right strategy, you can negate plenty of them.

Our guide to the best betting strategy for horse racing gives you some insight into how you can find a strategy that’s going to suit your level of experience. From there, we give you some top tips on how to effectively use these strategies in a real-world scenario. Keep reading to see how you can improve your betting prowess.

Why are horse betting strategies so important? – what they can do for you

Being overly prepared or coming into anything with a solid game plan is always a good idea and it puts you in a strong position to do well. This is why we always suggest to our readers that they choose the best betting strategy for horse racing. So, what is it that these horse betting strategies can do for you?

A clear sense of direction:

The best betting strategy for horse racing is not some chore or tedious task for you to take up but rather a means by which you can give yourself a platform for betting success. There are plenty of people who simply bet arbitrarily, especially on a sport like horse racing. This should never be how you operate. Horse betting strategies give you a clear sense of what to do and how to go about doing it. From there, you have already won half of the battle by simply being prepared. Of course, there are no guarantees in this game but in a sport like horse racing, more preparation is only going to serve you well in the long run.

Who should make use of our strategies? – everyone!

If you are a very knowledgeable horse racing fan, you might be wondering why you would need a strategy at all. If you are new to online horse racing betting, you might be concerned that it might be too complex for you. Well, we can assure you that our guide to horse betting strategies is for absolutely everyone. Except for the few of you who hate horse racing and are now just realizing you have come to the wrong guide. Right, now that they have left, let’s continue.

Brand-new to horse racing betting?

For you newbies reading this, horse betting strategies are only as complicated as you want or need them to be. There are plenty of horse betting strategies out there that are tailored to newbie horse racing fans. You don’t need to jump right into the most complex ones but instead, you can build yourself up to the more difficult approaches to horse racing betting. Everyone will get to bigger and better levels in their own time. Unlike horse betting events, this is, in fact, not a race.

Old dogs can learn new tricks

The beautiful thing about the best horse betting strategies is that even the most experienced horse racing fans can find something new. There are new, ingenious approaches to horse racing betting popping up every other day. This means that there is always something to learn and always new ways to fine-tune your betting approach. Our guide will show you how you can do this just like we did for our in-play betting guide.

Our favourite operators

Bet365
1.
Favicon
4.6/5
Bet $5 Get $150 or $1000 First Bet Safety Net
Virginia
Players from Virginia accepted
Virginia (US) Lottery Board
Bet now
Whatever the sport. Whatever the moment. It’s Never Ordinary at bet365. That’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $200 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply.Gambling Problem? Call 1-800-Gambler 21+
BetMGM
2.
Favicon
4.6/5
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Virginia
Players from Virginia accepted
PayNearMe
Skrill
PayPal
Virginia (US) Lottery Board
Bet now
T&Cs apply, 21+
FanDuel
3.
Favicon
4.5/5
Bet $5 Get $300 in Bonus Bets if you win + 3 Free Months of NBA League Pass
Virginia
Players from Virginia accepted
Prepaid Card
PayNearMe
PayPal
Virginia (US) Lottery Board
Bet now
T&Cs apply, 21+
Caesars
4.
Favicon
4.5/5
First bet back as a bonus bet up to $1000
Virginia
Players from Virginia accepted
E-Check
PayNearMe
PayPal
Virginia (US) Lottery Board
Bet now
T&Cs apply, 21+
BetRivers.com
5.
Favicon
4.5/5
Second chance bet: Get up to $500 in Bonus Bets
Virginia
Players from Virginia accepted
PayNearMe
Bank Transfer
VIP Preferred
Virginia (US) Lottery Board
Bet now
T&Cs apply, 21+

Our top 5 betting tips – sharpen your betting skills

We will get to the specifics of actual horse betting strategies shortly but for now, we wanted to give you some tips about the basics of betting. Just like anything, you need to lay the rough foundations before you can build your house of horse betting knowledge. So, here are a couple of tips to help you on your way to using them effectively.

Always put the work in

The variables in horse racing are ever-present. The type of track being run on, specific horse breeds that perform well on certain turfs, how long a jockey has been with his horse. All of these things only scratch the surface which is why it’s always a good idea to put some effort into understanding the finer details of an upcoming race. Do your homework and you will give yourself a much better chance to reap the rewards. 

Pick a strategy that matches your experience level

If you are reading a strategy guide on our site for horse racing betting that immediately confuses you, it’s probably because you aren’t quite at that level yet. There is nothing wrong with that but the wise thing to do would be to choose a horse racing betting strategy that is a little more graspable for you. 

Start slow

Whichever one of the horse betting strategies you go with, we always advise taking your time. Don’t go too big on your first couple of bets when trying out your new strategy. Test the waters and see where you could improve so that next time you start placing more audacious bets. 

Manage your bankroll

The absolute golden rule – never spend more than you are willing to lose in the first place. Betting on horse racing is supposed to be a fun activity and not something you are placing a lot of faith in to earn more money. This does not mean that you shouldn’t give it your best shot but it should also mean that when you lose, it’s not that big a deal. Managing your bankroll also goes hand in hand with the best soccer betting strategies as well. 

Keep a record of your bets

Keeping a record of your bets sounds like a tedious administrative activity but in the long run, it will help you. You can learn from your mistakes, check out which of your bets have been more successful than others. Keeping a record can absolutely help you to improve your betting prowess even if it is for an in play betting system.

Betting terminology – a few phrases to keep in mind

When it comes to horse racing strategy betting, you will need to learn a couple of phrases and terms if you don’t know them already. Here are a few key terms for you to keep in mind before getting started with the best betting strategy for horse racing:

  • Accumulator bet: A bet that has 4 or more selections. If one fails then the whole bet fails. This kind of bet can bring big profits but it also carries greater risk.
  • Banker: A term used for a supposedly sure thing or a bet that is unlikely to lose. Of course, there is no such thing as a completely sure bet. This is merely an exaggeration on a bet that stands a very good chance of winning.
  • Best odds guaranteed: A promotion whereby the sportsbook agrees to give the bettor the starting price odds, even if they are better than when you first placed your bet.
  • Dutch: This is when the bettor places a wager on 2 or more horses in the same race. Typically on shorter odds.
  • Fold: A fold represents the number of selections chosen in an accumulator bet.
  • Pony: Sang for a $25 bet.
  • Ton: Slang for a $100 bet.
  • Yankee: A bet that is made up of 11 different bets that include selections in different events. The bet will include 4 doubles, 4 trebles, and an accumulator. It differs from a standard Acca bet because there is room for error. Only 2 of your selections need to be correct.

Notes of caution – we don’t always be winners

Here is the thing, no one and we mean absolutely no one is going to win every single bet they place. Losing is part and parcel of horse betting strategies. Even the most well-thought-out horse betting strategies are going to fumble every now and then. Don’t take this too negatively, it’s just how things work. It shouldn’t deter you from trying to improve as a bettor or from betting on horse racing at all.

Remember that horse racing betting is fun, if you do that, your losses will never outweigh your wins. The joy of winning will always outmatch the feeling of taking a bad beat. Approach your horse betting strategies with this kind of mindset and you will only ever have a good time.

Conclusion to our guide on horse betting strategies

Horse betting strategies are your friends, remember that. Putting in some extra work and getting to grips with the best betting strategy for horse racing will improve your betting experience dramatically in the long run. It is naturally going to take some time for you to fine tune the stage and work out some of the kinks but this just comes with time. That is why you should keep our tips in mind as they will help you stay on the right track with your horse betting strategies. Just like how the best betting strategy for horse racing takes time to learn, so too do the football betting strategies. Here at TheGruelingTruth.com, we have plenty of guides on the best sports betting strategies for betting enthusiasts like yourself. So, surf our site to find more informative guides to help you improve in all areas, not just horse betting.

Check out these great bonuses

Bet365
1.
Favicon
4.6/5
Bet $5 Get $150 or $1000 First Bet Safety Net
Virginia
Players from Virginia accepted
Requirements (WR): 1x Bonus, Min. Deposit: $10
Go to Bet365
Get bonus now
Whatever the sport. Whatever the moment. It’s Never Ordinary at bet365. That’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $200 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply.Gambling Problem? Call 1-800-Gambler 21+
BetMGM
2.
Favicon
4.6/5
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Virginia
Players from Virginia accepted
Min. Deposit: $10
Go to BetMGM
Get bonus now
T&Cs apply, 21+
FanDuel
3.
Favicon
4.5/5
Bet $5 Get $300 in Bonus Bets if you win + 3 Free Months of NBA League Pass
Virginia
Players from Virginia accepted
Requirements (WR): 1x Deposit, Min. Deposit: $10
Go to FanDuel
Get bonus now
T&Cs apply, 21+
Caesars
4.
Favicon
4.5/5
First bet back as a bonus bet up to $1000
Virginia
Players from Virginia accepted
Requirements (WR): 1x Deposit
Copy
Get bonus now
T&Cs apply, 21+
BetRivers.com
5.
Favicon
4.5/5
Second chance bet: Get up to $500 in Bonus Bets
Virginia
Players from Virginia accepted
Requirements (WR): 1x Bonus, Min. Deposit: $10
Copy
Get bonus now
T&Cs apply, 21+

Best Horse Betting Strategy 2024 FAQ

🐎Is it difficult to use the best betting strategy for horse racing?

We can never say for sure how difficult a strategy will be for individual bettors. However, we can help you to better understand how these horse betting strategies work and how you can effectively use them in a real-world environment. Check out our betting guides at theGruelingTruth.com to see how you can go about brushing up on the best horse betting strategies in the game right now.

💰Can I use a horse betting strategy with a welcome bonus?

There are some horse betting strategies that share similarities and some that are completely different from one another. That means that some of these strategies are going to be more effective when you use them with a bonus while others perhaps won’t be impacted all that much. Our guide to horse betting strategies will give you some insight into what bonuses you should be looking out for that can be used in conjunction with the best betting strategy for horse racing, as well as covering other topics such as pick three betting.

🎰Where can I find the best horse racing bookmakers?

In this day and age, you have so many options for online sportsbooks that it almost becomes a chore just to try and pick one. It also means more research and time wasted trying to make sure that they are the right options for you. Well, we are happy to tell you that we cut your search time in half here at TheGruelingTruth.com. We have all of the in-depth reviews and tools you could ever need to help you pick out a horse racing betting site that is going to tick all the right boxes for you personally.

Top Betting Sites
Top Betting Bonuses
Bet365
4.6/5
BetMGM
4.6/5
FanDuel
4.5/5
Caesars
4.5/5
BetRivers.com
BetRivers.com
BetRivers.com Review
4.5/5
Bet365
Bet365 Bonus
Bet $5 Get $150 or $1000 First Bet Safety Net
T&Cs apply
4.6/5
Whatever the sport. Whatever the moment. It's Never Ordinary at bet365. That's why if you sign up now you'll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $200 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply.Gambling Problem? Call 1-800-Gambler 21+
BetMGM
BetMGM Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs apply
4.6/5
FanDuel
FanDuel Bonus
Bet $5 Get $300 in Bonus Bets if you win
T&Cs apply
4.5/5
Caesars
Caesars Bonus
First bet back as a bonus bet up to $1000
T&Cs apply
4.5/5
BetRivers.com
BetRivers.com Bonus
Second chance bet: Get up to $500 in Bonus Bets
T&Cs apply
4.5/5
Latest Sport News
Preview and Picks for Navarrete vs. Valdez 2 & Espinoza vs. Ramirez 2 on ...
This Saturday night, a two-pack of rematches will ...
Top 15 Baseball Announcers of all-time: Who was the greatest?
This will have a heavy slant towards older ...
Top 17 Dirtiest College Basketball Coaches of all time
Today we will look at the biggest cheaters ...
Our Team
Mike GoodpasterJosh SchwartzSimon BriffaMark LewisSamuel Teets
+8
Mike Goodpaster
Mike Goodpaster
Chief Editor
Josh Schwartz
Josh Schwartz
Editor
Simon Briffa
Simon Briffa
Sports Editor
Mark Lewis
Mark Lewis
Editor
Samuel Teets
Samuel Teets
US Sports Veteran
Author Icon
drjaygee
Editor
Find out what the legends have to say about sports this week....
Find out what the legends have to say about sports this week....

21+ and present in VA. Gambling Problem? Call 1-800-GAMBLER.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.
Virginia Town HallCloudflareSSL
×
Your Promo Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Play now