Do you love horse races? If you do and would like to earn money from horse racing, then Bitcoin horse race betting might be the one for you.
But before we start with the tips and tricks for this Bitcoin sports betting, let’s talk some basics on the types of races that you would bet on.
Types of Horse Races to Bet on
Flat racing – a basic horse race that takes place on a flat course without obstacles and it is a test for stamina and speed for various distances.
Steeplechasing – a horse race that has multiple jumps and it can be quite exciting for the bettors and challenging for the competitors.
Harness – the type of horse race wherein the horses pull the so-called sulkies and a person is navigating them through a track. These types of races come in two variations like trotting and pacing.
Endurance – as the name suggests, this race takes place on very long distances and usually the race finishes after 15 hours, covering a course of more than 50 miles.
It’s that simple. Really. After you know these basics and get to know your bets and odds, it’s time to jump into the best practices when it comes to Bitcoin horse race betting.
#1 Know your terminology.
This one is very, very important and thus it’s at the top position of the list. Open up some glossaries on the Internet and get familiar with the terminology of the horse race betting industry. Once you learn your horse race ABC-s, you will be ready to bet.
#2 Get to know the horses and the terrain.
It’s really important to get to know your horses and don’t rush into betting on the public’s favourite. It’s widely known that the favourites come home only 30% out of the time. The secret is to look for which horse promises the highest odds and most value. This comes in handy when you bet on Kentucky Derby with Bitcoin, especially since online horse race betting is the way to go after news confirmed that fans are barred from attending 2020 Kentucky Derby on Sept. 5.
When you started picking out your winners, you must check:
If they are easy last time out winners
If they have achieved a good personal best score and good ratings
Forums to see others’ opinion
If they have changed their class to a lower one since usually the weakest horses are put up to a high class
If there are front running horses on the race that can potentially change it
If the horses bounce back after a loss.
Finally, when it comes to terrains, it’s good to be a dry course for a better speed and easier run, but if the horse is proven to handle a hard terrain, a softer one might do the trick. Double check the surface that the race is going to be on, so you can calculate your chances.
#3 Research about the trainers and jockeys
And it all comes down to the most important people when it comes to Bitcoin horse race betting. In this little walkthrough, we will go over some things to look out for before you start betting in a Bitcoin casino and sportsbook.
As the topic of trainers goes, it’s important to know that they hold different records on their different tracks. Some trainers can prepare horses for different types of surfaces and others can prepare them to run track.
Usually you can find the trainers’ records at courses for the last months and they can help you understand their skillset.
Lastly, jockeys are very similar to trainers when it comes to favourite locations or surfaces. Why? Well, naturally some skills are better for different courses but the trainers will know how to pair the riders to the horses.
With that said, how trainers and jockeys interact and their combinations are important to learn, since runners can have one mutual trainer. Thus, knowing the stable jockey can point to the biggest possible winner.
#4 Look for confidence.
If you happen to watch a live race, then you can easily tell the confident horses from the anxious and daintier ones.
Usually the confident ones are very calm and standing tall with a good shiny coat. They are 100% winners, whilst the anxious horse that is stepping back and forth pacing in the paddock, he might be in the odds to lose.
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