You should also consider betting on the underdogs! I agree! Although wagering on the favourites may be the clear-cut option, some benefits come with betting on the underdogs.

With these strategies in mind, it is important to always set limits on your bets. This will help you to avoid overspending and chasing losses. With different types of bets available at Sportsbet. io, which one should I bet on? Depending on whether you are a beginner or a frequent bettor, here are some recommendations to consider:.

How to bet on Sportsbet horse racing Sportsbet. Here is how to bet on horse racing events at Sportsbet. io categorises their available races into four categories. This includes:. There are three betting markets you can choose from at Sportsbet.

These are: Win Top 2 Place Note that the availability of these markets may vary depending on the race you are betting on. Place your bets based on your predicted outcomes. Your chosen markets will be reflected on your Betslip.

There are different odds formats at Sportsbet. The variation offered helps boost your chances of winning as they affect your betting decisions. So, make sure to check them first before placing your bets. io horse racing odds formats available on the site are: American odds: This odds format is considered to be the simplest and easiest to learn.

Decimal odds: As the name suggests, this format presents the odds in decimals. Lower and higher values depict the favourites and the underdogs. While the lower number is the favourite, the higher value is the underdog.

Hong Kong odds: With the Hong Kong odds format, the team is favoured if their odds are lesser than 1. If the value exceeds 1, they are the underdogs of the match.

How to read and understand odds on Sportsbet. When sports betting, it is important that you know how to read and understand odds.

To calculate the potential payouts when betting on the underdog, divide your wager by and multiply the result by the provided odds.

You can calculate the payout when betting on the favourite by dividing the odds by and then multiplying that value with your wager. To calculate your potential payout with decimal odds, you simply multiply the odds by the amount you wagered. You can compute your potential earnings using HK odds by adding 1 to the odds and then multiplying the result by your wagered amount.

With Sportsbet. The Betslip will show how much you can win regardless of the odds format you choose. Odds is a great source of information when making winning bets! There are tons of strategies that can improve your winning chances that you should consider. Some of these strategies are:.

Value betting: Look for bets with favourable odds compared to your assessment of the outcome's probability. This involves finding discrepancies between bookmakers' odds and your calculations. Line shopping: Compare odds from multiple bookmakers to find the best value. This is because different sportsbooks offer different odds for the same event.

Most popular horse racing events to bet on. There are tons of amazing horse racing events that take place throughout the year. It is important that you familiarise yourself with them to know which ones offer the most value for your bets.

Major horse racing events Some of the most renowned horse racing events in the world include:. Japan Cup : The Japan Cup is one of the most prestigious horse races in Asia. It attracts top international horses and jockeys, adding a global flavour to Japanese racing. The event's history dates back to , and it's a testament to Japan's commitment to world-class horse racing.

The Japan Cup is held at the Tokyo Racecourse, the biggest track in the country. Held at Churchill Downs in Louisville, Kentucky, it is the first leg of the Triple Crown of Thoroughbred Racing. It attracts the finest three-year-old thoroughbreds from around the globe. The Kentucky Derby is celebrated on the first Saturday in May.

So you might as well visit during this month! Royal Ascot : Considered to be an emblem of British horse racing, the Royal Ascot is one of the most prestigious races on the calendar. Taking place at Ascot Racecourse in England, it is famous not only for its high-class racing but also for its strict dress code and royal patronage.

The Royal Ascot spans over five days, so stay updated throughout the event. The Grand National : This race is one of the most challenging steeplechases in the world. It is hosted at Aintree Racecourse in Liverpool. The Grand National, known for its daunting fences like Becher's Brook and The Chair, tests both the horse and jockey to their limits.

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