Horse betting strategies have their own history in the profession of horse betting. They may have developed with time just like any other thing does. Although folks have different opinions over the issue, many experts agree over some fundamental strategies that might help a newcomer earn some quick bucks. Like everything else, there are numerous books and articles written on the topic. Most of them are available in any good book store.
There are many factors influencing the profession like state of the track, horse breed, reputation of the horse, odds, distance etc. One must have a fair idea of all 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 could have higher speed. The second would perform the best for the short distance races.
The post position also matters a great deal. According to many experts, the outer two and the inner two tracks are the most challenging. Therefore, betting on the horses that are in the center tracks is less risky and may get better results.
A history of the horse which 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 thus invest their money on it.
The state 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 type of a dirt track, the horse needs to slide more than usual. So, an even more powerfully built horse will perform better on such tracks. When it is a turf (smooth) track, then a horse is not bound by physical limitations and a horse with more speed can perform much better than others. So, a lightly built horse that could accelerate a lot more than others has a higher potential for winning.
Although, most experts have agreed 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 thus bet only on them even though the horse may not have been winning whatsoever. Most of them, especially owners, are ruled by emotions for their horses and thus choose to bet only on them.
Altogether, horse betting is considered as a game of chance. Regardless of whether a person keeps all of the strategies in mind and invests the best bets possible, there is no guarantee that the individual is likely to succeed although he has a reasonable prospect of winning. It could be entirely possible that the horse winning in the past five races meets with an accident and therefore loses. In this case, the heavy bets on him will give huge losses to the bettors.