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Horse Betting Online Tips

The online horse betting market today is huge, largely because it is much faster and much easier to bet on horses from the comfort of your home than to spend a couple of hours travelling to a track or casino or another OTB site. There are hundreds of online racebooks to choose from, and choosing the wrong one can be a costly lesson. We recommend choosing from one of the reputable racebooks recommended here. The questions below will help you choose from among them.

1. Do they have a strong reputation?
Choose a racebook that you've heard of (preferably good things!), or that come recommended by player's advocate sites like this one and horseracingintensity.com. If you've been watching races on television you've probably seen ads run by the bigger names in the industry. There is security in betting with a well-financed, well-marketed, and well-managed online racebook. In a word, stick with the mainstream.

2. What are their deposit options and fees?
What are the accepted deposit and withdrawal methods at this particular racebook? Ensure that your country is on their list of approved countries so that you don't end up depositing and not being able to withdraw.

3. How long have they been in business?
It is generally safe to say (there are always the Enrons) that a company that has been in business for more than 7 or 8 years is doing something right. Word gets around fast, and especially on the internet. If you're not treating your players right, sites like Horse Betting Scams will report it and eventually they'll have to close their doors (if they weren't treating players right, odds are they were ready to shut their doors anyway). Stick with a racebook that's been in business for at least five years, preferably seven or more.

4. Does the racebook demand big initial deposits?
Avoid the online raceebooks that demands big initial deposits. Requiring players to shell out more than $25 or $50 before getting a chance to experience the room for themselves is asking a bit much.

5. What are other players saying?
The best way to learn more about a racebook is by listening to people like yourself who've already had an experience with them. Look them up on the internet and research what players say about them on message boards and forums.

6. What type of player support do they offer?
The best racebooks will offer live chat, phone and email, and respond with all three within a reasonable time period. "Reasonable" is a term you'll have to define for yourself, but generally, an email should be returned within half an hour.

7. Does it sound too good to be true?
If it sounds too good to be true, it usually is. Bonuses over $250 are pretty hard to make a profit on for the racebook. If it seems like they're giving money away, it's probably because they're desperate. Use the same common sense that makes you a good horse bettor to feel out a raceebook's business practices.

8. Do they cold-call?
Telemarketing or Cold-Calling - is a sign of desperation that the racebook may be getting ready to run for the hills. Scam telemarketers will use a variety of tactics to get their hands on your money. Some try to bully you, while others will charm you. In many cases it is a single high-pressure call or other pressure tactics requiring immediate decisions (usually to make a deposit). Watch out for anything that sounds fishy. Remember: If a promotion over the phone does interest you, insist written information be sent to you before agreeing to make the deposit.

Things to Consider Before Betting on a Horse

Before putting your hard earned money on a bet, consider these things first:

1. Bet on the favorite. A favorite is the horse with the lowest odds or one on which the most money has been wagered. Favorites win approximately one third of the time. But this is not necessarily a sound betting strategy because favorites can pay very little since there are too many of you wagering on the horse.

2. Secure a tip sheet. These tip sheets are prepared by professional handicappers and could provide you with useful wagering information as you select a horse to bet on. They usually contain past performances of race contenders.

3. Watch the horses. Watch broadcast signals while the horses are in the paddock and in the Post Parade.

Top Race Books

   
   
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