Full Guide On Horse Racing Bets in Ireland
Betting on horse racing is extremely popular in Ireland and millions of bets are placed on the big races every year. Here at BettingTop10, our goal is to bring you the best sites to place your wagers as well as all the information you need to come out on top. From understanding forms, to professional tips, and more. We do all the hard work so you don’t have to, and our recommended sportsbook sites are catered for the Irish market. Betting on horse racing can make the experience so much more exciting and when you can win real money too from the comfort on your home, it makes sense to learn all you can about online gambling today.
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Horse Racing Odds
Betting on horse racing is relatively straightforward but there are some things that you need to know before you start. The betting odds for Ireland are laid out in one of two ways.
- Fractional Odds: Most sportsbook for Ireland will use the fractional system which is the one you are probably already used to seeing. These odds are displayed as 2/1, 4/1, 9/4, etc. When spoken out loud this is “two to one”, “four to one”, etc. If you bet on a horse and it wins at 2/1, you win €2 for every €1 you wager plus you get your initial stake back. If you bet €1 your total win would be €3. The smaller the odds are, the better the chance your horse has of winning the race.
- Decimal Odds: This is where odds as displayed as decimals, e.g. 3.00. It is important to note that a 3.0 decimal is not the same as a 3/1 fractional odds. To calculate your winnings on decimal odds you multiply your bet by the decimal shown and the answer is the amount you will win including your initial stake. For example, if you have odds of 5.00 and you place a bet of €1, you will win €3 including your initial bet if you horse crosses the post first.
Top 5 Betting Options for Horse Racing
There are any number of different types of bets that you can place on horse racing so here at BettingTop10 we have put together a list of the top 5 popular betting options.
- Each Way Bet: This is the most popular choice for Irish punters. This is where you bet on the horse to place in either first or second place. If your horse is first across the post you win as much as you would with a normal bet, but the good thing is you also make a profit if your horse places too.
- Bet Without: This is where you back a horse to win on the pretence that the favorite to win is not included in the race.
- Accumulator: The accumulator bet, the double, the treble and the goliath are all very popular and they involve betting on several horses in several races with all wins accumulating into a bigger cash prize.
- Forecast Bet: This is an alternative to betting on a horse to win. With a forecast, you predict the first three or four horses to cross the line and the order in which you think they will appear.
- Reverse Forecast: You can also do a reverse forecast where you predict the first couple of horses to cross the post without having to guess the order in which they’ll come. With this bet you must double your wager and it is like betting on each way.
Top Tips For Betting on Horse Racing in Ireland
At BettingTop10 we have come up with a list of the best professional tips to help you wager like a pro. Once you’ve read our reviews and found a site to sign up with, having some expert advice can go a long way. Below you will find some things to bear in mind before you hand over your hard-earned cash.
Form: If you want to bet on horses you need to study the form. This should always be your starting point and provides all the stats like the horse’s previous wins, how they fair on different terrain, who the jockey is, etc. This will all help when it comes to picking how you want to place your money on.
Distance: The distance of the course is another thing to take into consideration as is the distance the horse must travel for the race. A horse that bursts out of the gates may not have the stamina for a long race so studying their past is important.
Ground: There are different terrains and some horses may prefer soft ground while others prefer dry ground. Check the conditions of the course and the weather for the past couple of days so you can assess how your favorite will do. The size, weight and gait of the horse can also affect how they do on different terrain too.
Trainers: Study the trainers, read about how they’ve done in the past. Do they train for specific races?
Jockey: Some jockeys specialist in certain distances and styles of races. Knowing the successful jockeys can help you to win big. After all, who doesn’t bet on Ruby Walsh?
Draw: When it comes to short races the position in which the horse is drawn can have a difference. If a horse is drawn on the outside, they have slightly further to run than those on the inside. In long races the distance can be made up but in shorter races it is always wise to bet on the insiders.
How to Bet on Horse Racing Online
The first thing to do is sign up for an account with a sportsbook. At BettingTop10 we’ve done the hard work for you so read our reviews, to find the site that’s best for you. Once you’ve done that, it’s easy.
Step 1: log into your account.
Step 2: Choose the racetrack and race number that you want to bet on.
Step 3: Choose your bet amount.
Step 4: Select the type of bet you want to place (each way, straight, etc).
Step 5: Watch the race live, get the result, and collect your winning if your bet proves successful.
Horse Racing Annual Events
In Ireland, there are two types of races held at most of the racecourses. These are flat racing and jump racing. Flat racing is all about speed and the length of the track is 1,000 metres to 4,000 metres. The horses start from stalls and there are no jumps or obstacles on the course. The flat racing season starts in March and ends in December. The most popular place for flat racing is the Curragh of Kildare. Jump racing often referred to as the National Hunt is run over two miles (3,200 metres) and has several jumps. Races begin from a tape barriers. These types of races are available all year but the main season runs from November to April. There are several varieties of races including hurdle, steeplechase, and point to point. Below is a list of the scheduled horse racing events including in sports betting sites.
- Cork – Easter Weekend – 3 days of flat and jump racing in Mallow.
- Fairyhouse Grand National – Easter Weekend.
- Punchestown Festival – Late April – National Hunt Racing for 5 days.
- Curragh Derby – June/July featuring flat racing with Europe’s top horses.
- Bellewstown – June/July – three days of racing.
- Killarney – Mid July – 5 days of flat and national hunt racing.
- Galway Races – A week of races.
- Tramore – Mid-August – 4 days of racing.
- Listowel Harvest – Mid-September – 7 days of racing.
- Down Royal – Early November – National hunt racing.
- Punchestown Winter – Mid November – Grade 1 hurdle race.
- Fairyhouse Winter – Early December – National hunt racing.
- Leopardstown Christmas – St Stephen’s Day.
- Limerick Christmas – St Stephen’s Day.
- Grand National – world famous annual jump horse racing event held in the UK in early April.
- Cheltenham Gold Cup – National Hunt race, annual event.
- Hennessy Gold Cup – richest chase handicap held in November/early December.
A winning Strategy for Betting on Horses in Ireland
When it comes to forming a winning betting strategy there are several things that you must take into consideration and these are:
- Study the form – look at the horses racing history, wins and losses, the trainer, jockey, and the horse’s weight.
- Know your horse – get as much information as you can about the horse before you place your bet.
- Understand the betting types – know what type of bets will work best for your budget.
- Know the different course grounds – in Ireland there is flat turf, national hunt, and all weather racing. Knowing the type of ground a horse is most comfortable on can help when choosing who to place your money on.