Horse racing is one of the most thrilling sports to bet on, requiring a challenging blend of research and strategy, combined with a dash of luck. Whether you’re placing your first bet online or planning to attend South Africa’s premier horse racing event, the World Sports Betting Cape Town Met, in January, now is the time to get to know the ins and outs of betting.
Ryno du Plessis, COO of World Sports Betting (WSB), offers first-timers advice on how to make informed betting choices. “Success in betting is all about picking a horse that offers the best chance of winning. But it’s worthwhile to remember that it’s not always the best strategy to only bet on the favourites, they are still animals, and anything can happen in a race. This makes it essential to study the form and understand the odds.”
For the absolute beginners, the ‘odds’ represent the likelihood of a particular race outcome and indicate how much you could win on a successful bet. Lower odds (like 2/1) indicate a higher chance of winning but smaller payouts, while higher odds (like 20/1) indicate a lower chance of winning but greater rewards.
Essential elements to research
Upsets happen frequently in racing, but understanding a horse’s strengths and weaknesses increases your chances of spotting hidden value. Researching a horse’s past performances, including how it has recently fared in similar races or against similar competitors, is vital. Here, consistency is key. Think twice before betting on horses that perform unpredictably.
It goes without saying that speed is a key factor. Identifying the fastest horses in the field and delving deeper into their records is always going to form part of a good strategy, as is checking how well-rested a horse is. Horses that have rested for 30-60 days between races are more likely to deliver strong performances.
Other aspects to consider include the track conditions and weather, as some horses perform better on certain surfaces or in specific conditions. Analysing the jockey and trainer can provide insights into their potential impact.
Know when to stop
Du Plessis stresses that responsible betting is critical to ensuring a fun and stress-free experience. “Always start small, with manageable stakes. R5 or R10 is enough to enjoy the experience without risking financial strain. It’s also wise to treat betting as entertainment, not a guaranteed way to make money, and only bet what you can afford to lose. Most importantly, set a limit: determine in advance how much you’re willing to spend and stick to it.”
Over and above these safeguards:
- Recognise patterns: If betting starts feeling compulsive or if you’re chasing losses, take a break.
- Use tools for control: Many platforms, including World Sports Betting, offer features like deposit limits and self-exclusion to help you stay in control.
Du Plessis says that horse racing is more than a sport: “It is an experience that unites tradition, strategy, and adrenaline. And if you’re going to start placing some bets, remember that it’s not just about winning. It’s about being part of the community and sharing the excitement.”
Also see: The countdown to the coveted Cape Town MET is well underway, are you ready?
