Horse racing Betting Tips Today: Tuesday 1st November

By Captain Thomsen on 31 Oct 2022

Punters can place bets on horse racing events almost every day. So, whenever you get to read this, you can check our horse racing betting tips today.

Overview of the horse racing betting tips today

There are a lot of horse racing events going on in the UK and Ireland at the moment. There are also events all around the world and serious punters can place bets every day. In this article, we want to inform you about the events, the best odds offers with the best value and more. Additionally, we want to share with you the best betting markets. That way, you don't need to search for them and you can start placing bets right away.

Below, we will share the best racing tips that will help you increase your winnings when placing bets on horse racing.

Horse race

Horse racing odds and how they work

As with any other sport, odds are the most important thing when it comes to horse racing. Higher odds equal bigger winnings so it's important to always look for value. However, higher odds also mean that the outcome is less likely to happen. If there is a horse backed at 6/1 (7.0) odds, the chances of that horse winning are slim. On the other hand, underdogs win all the time and the only job a punter has is finding those underdogs and sticking with them.

Sometimes, a horse can be a strong contender while the odds for him are higher than expected. For instance, you can be reading horse racing betting tips today and notice a horse with 2/1 (3.0) odds. However, in your experience, you believe that horse has a much bigger shot at winning. In a simple moneyline bet, you can place £50 and win £150 on that selection. You can also work that selection into more complicated bets like an each-way selection, double pick, place bets, and more. All in all, the most important thing is to find odds with the biggest value. Below, we will share some betting tips about horse racing.

Get the best out of the horse racing betting tips today

Now that we shared a few words about odds, it's time to discuss horse racing tips. There are several things punters can do to increase their chances of winning. As always, luck plays a part in betting but with horse racing, knowledge and strategy are very important. Here are a few tips you can use to improve your game.

Find and use bonuses/promotions

A lot of bookmakers, especially in the UK will have special offers for horse racing. Some of them even have a special welcome bonus for punters who focus all their attention on this sport. Getting a cash bonus or any other value for your wager will increase the total amount you can win. It's always great to place bets with someone else's money. If you get a cash bonus and your selection losses, your real balance will be intact because you were playing with the bonus funds. This tip can be used by both new and existing players. Bookmakers run ongoing promotions all the time, especially when it comes to horse racing.

Paddy Power bookmaker

On top of that, some promotions award free bets. So, instead of making a deposit, you can use a free horse racing bet. Such a bet removes all the financial risk which in turn gives the player more courage to place risky bets.

"Boosted odds" markets are your friend

The above-mentioned tip was all about reducing the risk of your bet. However, according to horse racing betting tips today, there is something that might be even more important than that. Instead of reducing risk, sometimes punters need to look towards increasing the odds of their selection. They can do this through "boosted odds" markets which are offered by every top bookmaker in the UK. As the name suggests, these are markets that the bookmaker has picked and given higher odds to. By betting on these markets, punters can win between 10-30% more on a selection they would have bet anyway.

Look at all bookmakers

As far as horse racing betting tips today go, we believe this is the most important one. Take a look and consider every popular bookmaker in the UK. All of them have horse racing selections but as a punter, you need to find the ones that will give you the best value. For instance, you look at the races/horses and you feel strongly about a selection.

Once you made your pick, go through all the bookmakers and find the best odds. When the event comes closer to its start time, those odds are going to change. At that point, you need to look around once again.

Three jockeys on racing their horses around a bend.

If the odds have shifted in favour of a different bookmaker, then you go with that bookmaker. When it comes to betting, brand loyalty doesn't exist. A great punter will always look for the best odds and take advantage of the best offers.

Find the best horse racing odds and markets

When you read our horse racing betting tips today and you feel ready to place bets, it's time to take a look at the offer. This sport is very popular in the UK which means all the top bookmakers compete against each other. It's important to look at all the offers before deciding where you want to place your bets. If you already have an account with certain operators, maybe it's time to look at other brands. You can benefit a lot from that because new players get welcome bonuses that come with bonus cash, free bets, etc. We suggest looking at all top-rated bookmakers in the UK and their welcome offers. Get as much extra value as you can so your betting journey will start on the right foot.