Horse betting strategies have their own history in the profession of horse betting. They have developed over time just like any other thing does. Although different people have different opinions on the issue, many experts agree over some fundamental strategies that might help a newcomer earn some quick bucks. Like anything else, there have been numerous books and articles written on the subject. Most of them can be found in any good book store.
There are numerous factors influencing the profession like state of the track, horse breed, history of the horse, odds, distance etc. One must get a fair idea of each one of these to get in the profession. Different breeds perform differently for different distance races. There are a few breeds which have a great stamina and hence are able to compete in long races while there are a few that might have higher speed. The second would perform the best for the short distance races.
The post position also matters a lot. According to many experts, the outer two as well as the inner two tracks are the most challenging. Therefore, betting on the horses which are in the middle tracks is less risky and may get better results.
A history of the horse that is racing also decides the bet. A horse which has been consistent gets more support and it has more money riding upon it. The betting odds also influence the bets. Many people predict that horse with the lowest odds to win and therefore invest their cash on it.
The condition of the horse racing track is also a deciding factor. The performance of the horse also depends on the type of track the horse is racing on. In the event the track is a kind of a dirt track, the horse has to slide more than usual. So, a more powerfully built horse will perform better on such tracks. When it is a turf (smooth) track, then the horse is not bound by physical limitations and a horse with increased speed can perform better than others. So, a lightly built horse that can speed up a lot more than others has a higher potential for winning.
Although, most experts have decided on these few basic strategies, it is often observed that it is not applicable to everyone. There are many superstitious individuals who have some favorites and so bet only on them although the horse may not have been winning whatsoever. Many of them, especially owners, are ruled by emotions for their horses and thus prefer to bet only on them.
Altogether, horse betting is considered as a game of chance. Regardless of whether an individual keeps all the strategies in mind and invests the most effective bets possible, there is no guarantee that the individual is likely to succeed although he has a reasonable chance of winning. It might be entirely possible that the horse winning in the past five races meets with a mishap and therefore loses. In this case, the heavy bets on him will give huge losses to the bettors.