Since ancient Rome, gambling and horse racing have been inextricably linked. Over the years, the thrill of watching the finest Thoroughbred competition has become a global spectacle. Today, when horseracing fans place their bets on their chosen steeds, they can do so not only with the prospect of winning a hefty payout, but also in the knowledge that sites dedicated solely to horse betting in New Zealand offer some of the best, if not the best, odds available on this particular sport.
Our guide contains information on how to bet on horses. We also go a step further to give the punter not only the 'how' but also the 'what'. We give horse racing tips for upcoming horse races that you can bet on in New Zealand. Despite the fact that horse racing is as old as time, punters still need to keep up with the latest trends.
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Horse Racing Betting Guide
- How Horse Racing Betting Online Works
- How to Use Horse Betting Strategy
- Best Horse Races for New Zealand
How Horse Racing Betting Online Works
Nowadays, betting on horses over the internet is very easy. It is almost exactly the same as betting on horses offline. You just need to know what the different types of betting are and how to go about picking the best horse racing odds. And like we said, it's always exciting to watch a horse race, especially when it's close. We've put together this New Zealand horse racing betting guide that should serve you well on your adventurous little journey. Below are the types of horse racing betting in New Zealand that you'll find very popular.
Types of Horse Racing Bets
The best betting markets for horse racing fans in New Zealand can be found at the top New Zealand horse racing betting sites. These sites cater to the country's horse racing fans, giving them the opportunity to not only watch their favorite events, but also bet on them and make some money in the process. Of course, there are some very necessary basic types of bets that need to be understood before one can move on to the more complex types of bets that also require a basic understanding of horse racing itself.
Straight Line Horse Racing Bets
For a person new to horse racing, the best place to start is with straight bets. These bets do not require the average horse racing enthusiast to have a great deal of knowledge about the sport, and even better, they are inexpensive. Some examples of straight bets include the following
- Win Bet - players bet on the horse they predict will win the race and finish first.
- Place Bet - As the name suggests, you predict where your chosen horse will finish.
- Show Bet - New Zealand bettors bet on a horse to finish in the first three positions of the race. This means you win if you predict your favorite to finish first, second or third.
- Win-Place Show Bet - This bet checks all the boxes and refers to a scenario where your selected horse wins first, second and/or third place.
Once you've built up a nice, long winning streak, you can start working on some of the more complicated bets that pay a lot more. They also have a lot more potential to lose you money. But what the heck, you're rolling, right? Here are a few.
Exotic Horse Race Bets
Exotics allow bettors to wager on a wide variety of possible scenarios in a horse race and offer much higher payouts as a result. These are not the types of bets you want to make unless you have a healthy bankroll and a solid betting plan. Here are a few of the very murky waters you may encounter when betting at one of the many online bookmakers in New Zealand:
- Exacta - In this bet, the punter predicts two horses to finish first and second. You only win if the horses finish in the exact position predicted.
- Quinella - Unlike exacta, quinella bets are wagers on two horses to finish first or second in any given order.
- Superfecta - bets on four horses, instead of three, to win in the exact order you specify.
- Trifecta - bets on the three fastest horses to finish first, second and third in the exact order you select.
- Hi-5 - bettors predict the finish of the first five horses in the first five positions of a race in no particular order, and each must win a specified amount to win. To win, a forecast must be made with the first five finishers in the first five spots. These spots can have the first through the fifth horse, but in no particular order. The first five horses to finish a race must be selected.
It's possible to bet on more than one race to increase your winnings. However, these bets are a bit different - they are riskier and potentially much more rewarding.
- Daily Double - in this case, bettors pick the winners of two consecutive races to win.
- Select 3 - similar to the Daily Double, where bettors are asked to pick the winners of two consecutive races. Of course, all horses must win in their respective races.
- Select 4 - Bettors can pick the winners of up to six consecutive races and win big. They must pick the winners of the races in order, but observers should note that this is a semi-parimutuel form of betting.
How to Use Horse Betting Strategy
Take advantage of your newfound knowledge and start betting on horses today. You should not be intimidated by the different types of bets. If you follow the New Zealand horse betting tutorial we've created, you'll see that it really isn't that complicated. Our betting experts have been doing this for a long time and they've found that certain strategies seem to work better (i.e. win more often) than others. Here are some horse racing betting tips that we think you will find useful.
- Look for the best odds and try to predict the occasional upset. In general, the horses that are favored to win have low payouts. This pretty much defeats the purpose of betting on horses.
- Sign up with the online sportsbook that offers the highest horse racing sign up bonus. This will increase your bankroll and allow you to get used to betting without incurring losses.
- Go to the top sites for horse racing betting as they often have the best payouts. It's hard to win at horse racing betting, and it's even harder when your bets are based on the kind of handicapping you see at tracks across the country. Payouts tend to be small and are made on an "as needed" basis. When you're betting on a horse, it may be better to just pick a horse that you think has a good chance of winning.
- Pay attention to the finishing order of the race, as the horses that start in the pole position usually finish well.
Best Horse Racing Events for New Zealand punters
- Breeders’ Cup World Championships
- Triple Crown
- Kentucky Derby
- The Preakness Stakes
- Belmont Stakes
- Prix de l’Arc de Triomphe
- Melbourne Cup
- Durban July
- The Sun Met
