Common Horse Betting Misconceptions

Horse race betting is gaining momentum because of its financial gains and ability to entertain people. With its high SG odds and winning opportunities, many bettors participate in this gambling activity. 

However, several misconceptions are circulating in the horse betting industry. These myths are considered risk factors in maximising the bettor’s winning potential and decision-making skills.

Before engaging in any horse race betting, it is essential to recognise false beliefs to avoid clouding one’s judgment. Remember to debunk these common misconceptions when placing your bet in sportsbook Singapore.

Races are Rigged

Most punters and fans believe that horse racing events are rigged. They think corrupt individuals control horse races, bribe jockeys to keep their horses stable and use illegal drugs to enhance horse performance. 

However, legal races are highly regulated and monitored by regulatory bodies. Jockeys and breeders must adhere to the strict rules imposed by the organisers. Additionally, bookmakers continuously adjust their strategies based on the public’s actions. 

Always Betting on Favourites

Betting on people’s favourites is one of the easiest ways to win money. Novices believe that the favoured ones will almost surely win the event. However, this is not always the case. Odds can change and modify the horse’s probability of winning the race. 

There are cases that the underdogs defeated the favourites. Thus, if you want an advantage, consider several factors, such as horses’ age, form, trainer, and previous rankings. 

Relying on Luck

Luck is still powerful for some bettors who believe in this. However, it is only advisable to rely on something other than it. To gain sustainable profit in the long term, studying the horses’ winning and performance patterns is imperative. 

There is no gain without pain. Even professional and seasoned gamblers live with this quotation. It simply means that analysing, understanding, and practicing the sports betting markets is still the best way to succeed in the gambling industry. 

To know more misconceptions about horse race betting, read this infographic from CM2bet.