Horse Racing has been considered one of the oldest and most traditional forms of sports betting across the globe, with bettors placing stakes on races for hundreds of years. This popular method of betting has progressed through the years due to the constant shift and development of technology, from only being able to place stakes at bookmakers to now being able to bet within online bookmaker sites. One of the most recent and impactful ways that people are placing stakes throughout horse racing is through matched betting, which provides great potential for players to minimise the chance of loss in their horse racing bets.
The concept of matched betting removes the potential chance that players have to lose their stake, as matched betting involves covering all possible outcomes of the horse race. The method of placing stakes originally became popular throughout football betting, where the bettor would bet on a team to win and then another stake on the team to lose or draw. Here, we are going to look at how matched betting can be used with horse racing, how it works and how users at OddsMonkey can make the most of this technique.
Horse Racing Matched Betting Explained
For those who are familiar with football matched betting, horse racing matched betting is incredibly similar and simple to understand. Essentially, horse racing matched betting is based around placing a ‘back’ and ‘lay’ bet, covering all eventualities of the race. This means that if the horse you are backing does win, you will receive a payout from your back bet, yet if the horse fails to win, then the lay bet you placed will reward a payout. Matched betting with your horse racing removes the possibility of losing, with those placing the stakes able to receive their bet stake value back, no matter the result.
How Does Horse Racing Matched Betting Work?
When it comes to matched betting with horse racing, you will begin the process by placing your back bet on a horse that you are selecting to win. You will then place a lay bet on this horse not to win, covering both aspects of the specified stakes. It is better to back a horse with low odds of winning here, as it means the lay bet will not cost so much to offer a return covering both stakes. At OddsMonkey, we provide some brilliant tools like our matched betting calculator, which can be used to calculate various stakes and outcomes of matched betting scenarios.
The main difference between horse racing matched betting and football matched betting is the amount of potential outcomes that can happen in a horse race. As football teams can only win, lose or draw, there are loads of different horses which can win a horse race. This could affect the odds of a horse winning, something that could make the price of lay bets higher than football betting.
Matched Betting Horse Racing Rules
The matched betting horse racing rules when placing stakes on horse racing are simple to understand for newcomers to this strategy. The most important rule to take on board is to not place your lay and back bet with the same site or company. Although horse racing matched betting is not illegal, many sites do not approve of when users are covering all outcomes of a bet, so make sure to place your bets on different sites. There aren’t many matched betting horse racing rules to take into consideration. Any other queries are most likely answered at OddsMonkey in our matched betting blog.
How To Start Matched Betting With Horse Racing
If you are not familiar with horse racing betting, you will be able to find plenty of information on-site to get you started. Whilst we have many tools available throughout the site, OddsMonkey is also full of guides and tips, which can be found in our horse racing betting guide. If you are interested in betting on other sports, we have other specialised sporting guides available.
Matched betting is a great way to remove the risk of loss when betting on horse racing, with most techniques of matched betting involving different promotions that bookmakers offer. For example, if a sports gambling website is offering members bet credits after they have placed a stake, covering the cost of the qualifying stake with a lay bet on the opposite outcome can mean players gain bet credits without theoretically spending any funds. These bet credits can then be used to place regular betting stakes on selections you like or to cover the back bet of more matched betting with horse racing!
For those who have not tried out matched betting before, it would be wise to start off small and build up the stakes with any funds paid out by this process. This way, you can change a low stake into a decent return over the course of gradually increasing bets.
Best Horse Racing Matched Betting Offers
As mentioned, using matched betting as a way to access bonus offers that sites have available is a great way to place bets free of charge. We recommend that users check as many credible bookmakers as they can, with the huge range of online gambling sites available bringing a brilliant selection of bonus offers that you can trigger through the process of matched betting.
Many of the deposit bonuses on offer include sign-up bonuses, and customer offers can be claimed by users of horse racing matched betting, providing more funds for sports betting. In order to make the most of these offers, we have tools that can assist you through this process, such as the each-way calculator and our Rule 4 calculator.
Summary
As you can see, there is a lot of great sports betting potential on offer from horse racing matched betting! It is important to understand that matched betting with horse racing is not simply a way to get rich quickly; it is a way to gradually build up their bankroll without risking a loss. Covering all ends of the bet seems like a more reliable way to bet on horse racing, and it can prove to be if the process is done correctly! Make sure to check out all the different tools and guides available at OddsMonkey, which will ensure that you are completing the process correctly!
