There are basically three types of people who make up the world of horse racing- racetrack gamblers, horse jockeys and the viewers. If you are not content just to be part of the wildly cheering crowd, then you can choose to place bets on horse racing events.

Racetrack gamblers put in their money on specific horses to earn a bigger sum. While earning money out of horse racing is not easy and the chances of becoming rich overnight are few, this should not serve to deter you from horse betting. However, you do need to keep in mind the uncertainties of the game..

Nevertheless, betting on horses is very interesting and fun. All it takes is knowledge, alertness, and some intelligence combined together to widen the prospect of turning the odds of the game in your favor.

If you want to bet on horses then you need to have a well-designed plan. Placing all your betting money on one particular horse is highly inadvisable. Although, professional racetrack gamblers do practice this, but if you are an amateur gambler, putting all your eggs in one basket is very risky. You only need to bring to your mind how horse racing clings to the word 'gambling', and you will never forget the risk factors that comes along with it.

Here are a few pointers for those who are new to horse betting:

Play safe: betting on horses should be a recreational activity. Your aim should be to enjoy the game and if your luck favors, to earn some money. Therefore, only put in money that you can afford to lose. Be prepared for both- losing all the money you had brought or making substantial profits.

Educate yourself: Since you are betting your hard-earned money we are talking about, it makes sense to be familiar with most of the tricks of the trade. Knowledge about the game is a-must before you begin horse betting.

Programs: Carefully go though the forms available at the counters. These forms provide information about different tracks, tips, techniques, and tricks. This information can be pretty useful.