There is no shortage of similarities between horse racing betting and making investments. If you’re to be successful in either of the ventures, then it requires a lot of patience, while getting value at the perfect time is also incredibly important to ensure that you stand to earn as much as possible when putting your money down.
On the horse racing calendar, there are few bigger events than the Belmont Stakes, with the third race of the Triple Crown being staged at Saratoga. We won’t see a Triple Crown winner crowned in 2025, but the race in New York should still be a thrilling occasion.
However, what are some of the important lessons when betting on racing that should be implemented when making high-risk investments?
Patience Is Key
It is important to be patient when making bets on horse racing, just as it is when making high-risk investments. Getting the best odds for your selection is imperative to ensure that you win more returns. Short-term decision making is a poor decision when betting on horses, meaning that most experienced bettors opt against making snappy decisions when it comes to wagering on Triple Crown races.
That is also important when putting money into investments, as many experienced figures in the sector will make sure that they have done extensive research before parting company with any of their hard earned money. Experienced bettors on horses will also put their money down early to ensure that they get the top prize.
When it comes to races such as the Triple Crown races, betting markets open months in advance. Therefore, a 2/1 favorite could open up as big as 20/1. Those that have followed horses throughout the Road to the Kentucky Derby would have seen all the major contenders long before they line up at Churchill Downs, and that is normally the best time to get the best possible odds-on selections.
Check more about Belmont Stakes here: https://www.twinspires.com/belmont-stakes/
Dutching
While there are few buzzes that come closer to making one bet and getting one winner on races such as the Belmont Stakes, there are more sensible money-making strategies that bettors follow when making their selections on horse racing.
One of the most popular comes in the form of Dutching, which is also known as hedging your bets. Covering two or more selections will ensure that you stand a better chance of finding the winner of a big race, and returns will be assured should one of your selected runners come in.
While some bettors will still typically look to make one big bet, if you’re looking to ensure that you stand a better chance of finding the winner, then Dutching is the perfect strategy. This is also a strategy that can be accurately transferred when investing on the stock market.
Those involved in the sector can put money down on the market going one way, but also cover their bases should the opposite happen. While you would still stand to lose money, it is an excellent strategy to ensure that you can cut your losses on a certain investment.
Don’t Rely On Recent Winners
There are few better feelings than getting a winner, but that can often cloud a bettors’ judgement when it comes to making a selection in a race when the same runner is involved. As a huge rule, bettors should get too attached to certain horses, and they should conclude their picks for a race after completing extensive research.
Therefore, if you have won with a certain horse previously, that shouldn’t be your selection again just because it earned your returns previously. Emotion should be taken out of the equation when making predictions, and that is also the same when making investments.
Recent winners should also be carefully considered, as just because a horse has a ‘1’ next to its name doesn’t mean that it is guaranteed to win again. Bettors should watch previous races involving horses involved, and consider whether victories were fortunate and whether a good trip could be responsible for their strong form lines. Investors will also need to follow this strategy, as stocks have the ability to ‘revert to the mean’.
This means that over a longer period of time, the prices will level out, meaning that following a winning pattern could be bad news, as it could see an investment being lost.
Bet Responsibly
One of the most important long-term strategies that are vitally important when betting on horse racing is only gamble what you’re willing to lose. There is no full-proof plan to ensuring long-term winnings when betting on the sport, and this should be taken into account when making selections.
Bettors and investors should only put money aside that they are willing to lose when making selections, and once this balance has been spent, they shouldn’t go back in, as this could lead to negative results.
