While everyone has heard of betting on horses, they might not have any idea outside of watching a movie or a television show how to go about it.

Here are five horse racing tips to consider:

1 – Betting Venues and Learning About the Track

First, find a horse racing track. This can be easily accomplished by performing an internet search in your area. Once you find your horse racing track, then find out its schedule and arrive at least a half hour early so that you can get to know the track.

Then, buy a racing program. The average cost for these programs is four dollars. You can learn more information about the horse and the about the jockey in the program. Another reason why you should get to the track early is because getting there early ensures that you can get a comfortable seat that allows for you to see the racing monitor.

The monitor will display race numbers, betting odds, and up to the moment info on the race that you need to pay attention to. Next, find the find the current race. The monitor will show the number of the current race.

2 – Tips to Select Your Horse

Here are your next set of horse racing tips. Pick a horse that you would like to bet on. Decide upon your horse based upon the chances of winning that the horse has. That will be found by the jockey’s name on the program. The horse’s race record will also be a factor as well in determining if you should pick them.

Also, pay attention to the odds that the horse has of winning the race. There will be a large number that shows next the information for the horse on the program that will tell you the odds of winning.

Next, consider the estimated outcome for the horse placing in the first three places. This information will be located at the top of the page. Then, consider the jockey, the trainer, and the owner’s win percentage. These numbers can be found on the back of the racing program.

3 – Betting Category Tips

The next thing that you need to know for horse racing betting is to select the type of bet that you would like to make. You can make a win bet, which means that you are betting on the horse that you are certain will win. There are certain categories of bets such as the:

Place bet: This means that your horse will place first or second place.

Show bet: This means that your horse will place first, second, or third.

Exacta: This bet means that you know the exact order that the first and the second place winner will come in at.

Quinella: This is the bet that is placed when a person predicts the first and the second place winner, but in any order.

Trifecta: This bet predicts the first, the second and the third place winner in the exact order.

Superfecta: This bet predicts the first, the second, the third, and the fourth place winner.

4 – Horse Racing Tips for Cash Winnings

Now that you have all of the information that you need, go place a bet with the betting cashier. You’ll get your ticket and the ticket has the betting information on it. Now, you get to watch the race and see which horse wins.

If your ticket is a winner, then give it to the cashier, and you will be paid a cash voucher in the amount of your winnings. If you are finished, then you cash in your vouchers for cash.

5 – One of the Most Important Horse Betting Tips: Don’t Bet More Than You Can Afford to Lose

Keep in mind that the safer bets on a horse will yield the least amount of cash earnings. That’s because there is no real risk in betting on a safe bet. The more risky the bet, the more cash you will win if the horse wins.

Having said this, keep in mind that people get in trouble when they bet more than what they can afford to lose. It’s best for you to start out with safe bets. You won’t win as much money, but you won’t get in trouble financially either.

Also, try to use your winnings to place future bets. You will spend the money that you win, but you won’t spend your all of your personal income either.