Horse Racing Betting
Horse racing has been a popular entertainment for many centuries, and now it also attracts fans who love to risk a bet on their favorite racing horses. In fact, Singapore is not an exception to this as horse racing betting is one of the only two legal means of betting in the country, next to the lottery.
Singapore Pools, a state-owned lottery subsidiary company in the country, makes online horse betting in Singapore possible. The Singapore Turf Club was founded in 1842, making horse racing a long history in the nation. Racing has been held all year round mostly on weekends since the first race was held in February 1843. But why stop at the horse racing markets available from Singapore Pools when many trusted online betting sites offer a more diverse market for horse racing?
Biggest Horse Racing Events To Bet On In Singapore
Horse racing is a sport that has been entertaining a lot of spectators who attend racetracks from all over the world every year. And now, these events are gaining a lot of attention in the online betting scene, whereas punters are taking advantage of being able to bet on their favorite steeds conveniently.
Kranji Mile
Originally raced in 2000 to mark the new Kranji Racecourse, the Kranji Mile has become a standard race in the Singapore horse racing season and a much-awaited event at top online betting sites in Singapore. Kranji Mile is known as Singapore’s most established 1600-meter race and features horses aged three and above; this steed racing event offers a total prize money of S$ 1,000,000.
In its earlier years, Kranji Mile was originally raced in October as part of the Singapore Triple Crown Series; however, changes were made in 2018 after the SIA Cup was dropped from the racing calendar. Then, the Kranji Mile was slotted into the May meeting and also opened to international participation, which brought in the best horses from around the world to the event.
Singapore Gold Cup
This is one of the first annual running races that has been included in Singapore’s racing calendar. This is usually conducted at the end part of November; the SG Gold Cup is done on grass and is held over 2,000m for horses that are three years and older. The shift from Bukit Timah to Kranji prompted the Turf Club to increase the prize to $1 million and allowed overseas entries for the race but reverted to an all-local affair many years later.
Singapore Derby
Most fans of Singapore horse race betting consider SG Derby as one of the most profitable activities in the country. Singapore Derby is an 1800-meter left-handed race held at Kranji Racecourse and invites four-year-old Thoroughbreds to race for the $400,000 prize. If you want to support your favorite horse and jockey, then you can place bets such as doubles, quinella, trifecta, quaddie, and many other betting options offered by trusted online betting sites in Singapore.
Raffles Cup
This is the 1st steed race of the SG Triple Crown series, next to the QEII Cup and the SG Gold Cup. It was reduced from 1,800m to 1,600m and this domestic Group 1 race is open for three years and older. Raffles Cup is a racecourse located in Kranji Racecourse and its race usually falls in November the first week of the month.
Queen Elizabeth II Cup
Started in 1972, this steed racing event to pay tribute to the visit of late Queen Elizabeth II and it is available to horses that are three years and above. QEII Cup is also the preliminary race for the SG Cup and is a 1,800-meter race and the winner of this cup can get the prize money of $300,000.
Different Horse Racing Bets
There are many bet types for horse racing that you can lace at the best online betting Singapore platform and some of the more common bets you should know include:
Win-Only Bets
This is the simplest of all the bets for horse race betting as you only need to pick the horse to finish the race in the first place. To win, the horse you have picked must come out the winner in the race you have bet on.
Each-Way Bets
This is usually common in horse racing because such races may feature a large number of runners, making it challenging to predict who could be the winner. In this type of horse bet, you are placing two bets – one with the horse that will place and the other to place within a certain margin.
Place Bets
When you decide to go for a place bet, you’ll only win if your selected horse comes in first, second, or third. Compared to a win-only bet, the place bet has a higher chances of winning. Remember that the payout is less than a win-only bet owing to the probability of winning the bet.
Show Bets
It is placed at the end of the race card and is typically ¼ or 1/5 of the win odds, this means that should your horse rank in the first three or four, then you are the winner.
Exacta Or Perfecta Bets
In the Exacta or Perfecta bet, the bettor has to choose the first and second-horse finishers in the race. But even if you were betting on two horses in this bet, it is still just one bet. You only win if both the horses have finished the race in the exact order that you thought they would. For instance, if you think that horse A will win, then horse B will come second. Even, if the order is reversed and horse B wins while horse A is second you still lose the bet.
Betting Tips For Horse Racing Betting
Horseracing is one of the most exclusive sports not just in Singapore but all around the world and at the same time one of the most profitable sports to gamble on. In horserace betting, there are some things that you have to do to increase your chances of winning a bet. One of the ways to become a professional horse race bettor is by researching the performance records of the steed, trainers, and jockeys. It will be wise to familiarize yourself with some of the basic information about the race you want to bet on.
Be Selective – Check The Form
Although “check the form” can be a general piece of betting advice, there is a lot of truth in it. To be successful in betting, avoid being emotional in deciding on the form as this will only lead to better informed decisions as time goes on.
Understand The Bet Types
However, it is a first rule to know various types of bets before risking your money because you will have to choose the options that are familiar to you and correspond to your risk-taking abilities.
Look At Past Track Performances
Another factor, that forms a basis for decision-making, is that some trainers or jockeys have better relations with their horses at some racetracks. This may be evident from past performances so by analyzing racecourse one can be able to determine runners that may be very strong in a certain race but whose odds are not well reflected in the market.
Bet On The Best Steeds And Win At Trusted Online Betting Sites In Singapore
If you are just starting horse racing betting, it can be as basic as you would like it to be or as complicated depending on the type of bets you would choose. But it would be best that you stick to only place simple bets and do your research to make smarter decisions. At the best online betting sites in Singapore, you can get closer to the action of horse racing betting like never before without needing to be physically present on the racetracks. So what are you waiting for – come and bet at trusted horse race betting sites in Singapore!
