To fill up a bet slip on horse betting, first, collect a slip from the counter. Write down race details (time and place of the race), the horse you’re betting on, the odds available, your stake amount and type of bet.
Hand it over and pay your stake money at the counter. Don’t lose the copy of your receipt. You’ll need to present this when you win!
Sounds pretty straightforward?
Sure, if you’re a seasoned punter.
If you’re a newbie, you’re going to need more than the straightforward approach.
So, here’s an easy-to-follow guide on how to fill up betting slip horses like a beginner.
But you can also push your luck like a veteran punter.
If you want to.
Choose your level of involvement.
Whether you’re out to have fun or you want a profitable run, read on.
You’ll get the best betting tips here straight from the horse’s mouth.
How to Fill up on Betting Slip Horses for Beginners
Stop staring at betting slips template. To avoid any confusion at the counter, here’s what you need to include in your bet slip:
- Racecourse
- Time of the race
- Your winning horse/s
- Current odds
- Your stake
- Type of bet
Step 1 – Pick your Horse
First time? The average once-a-year punter often skips the form guide and choose a horse based on instinct, favorite color, lucky number or the horse’s name.
If you’re not looking for a winner, choose your own method of luck. Otherwise, study the form. Assess the barriers and the horse’s previous performance. To increase your chances of picking the right horse, use this betting checklist as a guide on how to make a bet:
| Class | Is this the first time this horse is running in this class? |
| Distance | Has this horse won in this race distance or in other lengths? |
| Post Position | How does the horse perform at different post positions? |
| Running Style | Does this horse excel as a front runner or as a stalker? |
| Trainer | Check the trainer’s track record |
| Jockey | Choose the experienced one or the one in good form |
| Horse’s Present Form | Check out the horse’s history of injuries and current fitness level |
| Consistency | Are they consistently losing, winning or placing average? |
Step 2 – Place your Bet
With all details of the race included, write down the odds offered and choose your bet type.
If you want to simply choose the horse who finishes first, go for a Win Bet. If you wager $20 at a $10 odd on the winning horse, you get $200. It’s a good strategy if you’re new to racing.
But there are more bet types that allow you to earn more profits. Branch out to these when you’re ready to level up your stake:
Place – when there are five or more runners, you can bet whether your horse finishes first, second or third. Your horse must place in the first three for you to collect money. Although the payout will be lower than your “win” dividend even if your horse places first.
Each-way – cover your bases and earn money on two types of bets. The cost of course also doubles. But even if your horse fails to be the sole winner, you still win if he’s a runner up. For example, if you bet $5 each way and $5 to win, you will receive $5 for your each way bet or higher for your win bet. All depending on where your horse wins a place.
Exacta – guess the first two winning horses in exact order
Quinella – guess the first two winning horses in any order
Trifecta – guess the first three winning horses in the exact order (boxing in any order equals lower dividend)
First 4 – the same with Trifecta, only four horses are involved
How should he bet? Wager too little, and the advantage is squandered. Too much, and ruin beckons. (Remember, the tips are good but not perfect.) Kelly’s solution was to wager an amount in line with the gambler’s confidence in the tip.
Also read: 5 Best Australian Sports Betting Sites !
Step 3 – Wish for the Best
Cheer for your horse and enjoy the ride. As long you bet responsibly, whether your horse wins or loses, you still win.
How to Fill up on Betting Slip Horses like a Winning Punter
“Racing is becoming more and more like a stock market model. Horses should be thought of as Dell or Microsoft – their past performances are the equivalent of economic charts.” – William Zemba
What do Alan Woods and Zeljko Ranogajec have in common?
They have both mastered how to fill up on betting slip horses as a profitable punter.
They are exceptional talents of course. But that doesn’t mean we don’t have something to learn from their winnings.
It Starts by Picking the Right Horse
In any horse race, there are too many variables.
Front-runners trip. Thoroughbreds break a leg.
Jockeys fall.
The underdog swoops in for the win.
There are too many potential outcomes.
Yet, so many experts have tried to predict a winning answer on how to place a bet on horses.
In fact, Bill Benter worked with Alan Woods to mastermind a system that would guarantee a profit in horse racing.
He relied on advanced statistics to create his own software.
It was inspired by a research which argued that despite so many factors involved, a winning horse can be predicted by these variables:
- Straight line speed
- Winning record
- Jockey’s weight and expertise
Benter added the public odds to increase profitability.
It worked.
His final punt on the triple trio in the Hong Kong Jockey Club in 2001 won the triple trio combination worth $118 million. As the story goes though, he never claimed it.
The moral lesson here is this: for the advanced punter, there are ways to beat the horses.
If you’re not mathematically gifted, here are your best calculations on how to fill up on betting slip horses.
Three Simple Horse Racing Betting Tactics
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Factor in the Weather
Horses perform differently in weather conditions that affect the tracks. According to one study, the results of a horse race can change like the weather.
Some horses like it dry, others like it wet. It’s rare that any horse does well on both.
The rain, for instance, makes the turf softer. This requires some horses to run harder underfoot. A horse’s endurance and energy—not speed—become a bigger factor.
Other horses love to run on soft tracks that seem like a dirt course. Check how horses in the race perform in different tracks. Because your horse will dictate how to fill up on betting slip horses like a pro.
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Consider your Jockey
According to Slate Magazine, the jockey accounts for 10% of a horse’s performance.
Being a jockey involves a set of strategy, skills, and strength to control a horse at 40 miles per hour.
More importantly, a good jockey knows how to keep a horse calm and affect the horse to speed up at the right time.
The point being, the jockey has mastered the horse and knows the animal’s strength and weaknesses—which side of the rail to comfortably run or when to speed up for the win.
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Specialize and Master your Race
In Australia alone, there are so many types of races today. Don’t spread yourself too thin and try to win on every race.
You can choose your race by state or by popularity.
If you want, you can familiarize yourself in thoroughbred racing like the Melbourne Cup or the Victoria Derby. There are other major attractions too like the Caulfield Cup and the Golden Slipper Stakes.
By choosing a “specialty” you can master different tracks, horses, trainers and jockeys overtime, depending on how diligent you are about doing your homework.
This way, you’ll know your course and your horses.
It will be easier to read and understand form lines and get to know which horses are profitable to bet on.
The Wrap
According to writer and punter David Hill, horse racing is the greatest gambling game in the world.
In his article he tells how “the biggest advantage horse racing has over sports betting is that the odds in horse racing are set by how the public bets”.
That provides opportunities to find odds that underestimate a horse’s actual chances of winning a race, which is called an overlay.
If you’re confident your winning horse is a cut above the crowd, it’s a chance to win big.
But don’t forsake having fun on how to fill up on betting slip horses.
If you like the color of a jockey’s silk or if you’re fond of a horse for no reason. Then put in a little money. Again, bet responsibly to make the most out of your experience.
If luck is on your side, no matter what horse you choose, you’re unbeatable.