Horse Racing Crypto Betting – The Ultimate Guide

Horse racing has been around for centuries and is one of the oldest sports in the world. Originating in Greece, where chariot races were held during religious festivals, horse racing was also important in Roman culture, with various horse races taking place throughout the empire. The sport remained popular during the Middle Ages as knights competed against each other on horses at tournaments and fairs. By the 17th century, professional horse racers had emerged, and organized competitions began to take place across Europe. Horse racing spread to North America in the 18th century after British colonists brought their horses from England and held informal races with them. Today it is one of the most popular sports, especially in countries such as the UK, with over 10,000 races each year and over 6 million spectators attending those races!

Horse racing crypto betting is a way for players to bet on virtual or real-life horse events using cryptocurrencies. It increases the excitement of traditional horse racing by making gambling more interactive through digital tokens and even NFTs. Players can gamble on horse racing by going to a crypto casino and wagering Bitcoin, Litecoin, or any other cryptocurrency on races. A more exciting means of betting happens in the metaverse, where users can own, breed, and race NFT Horses. In addition, they can make winning predictions on ongoing races, join tournaments and sell their horses. As it’s built on the blockchain, players must interact with the native platform currency, not Bitcoin or Ethereum.

• Stake.com doesn’t have a welcome bonus for horse racing bets, and the casino doesn’t have any bonuses that can be applied to racing horses.
• BC.Game has four total bonuses of a minimum of 380% across all prizes, which can be applied to the only virtual horse racing game.
• MyStake has a single welcome bonus for Sports, and players get 100% on a deposit of up to €500.
• Cloudbet also has a 100% deposit bonus of up to 5 BTC for new players, but the bonus cannot be used on horse betting, only on crypto games.
• 1xbit has a welcome bonus of 100% of up to 7 BTC, and the casino allows players to bet on horse racing using the bonus amount

We investigated what the most used cryptos are in the real of horse race betting, and compiled a comprehensive list for you:

• BTC
• LTC
• BCH
• ETH
• DOGE
• USDT
• EOS
• DASH
• XRP
• ZEC
• BTS
• STRAX
• USDC
• SOL
• GAME
• BCN
• SIB
• DGB
• BTG
• XVG
• QTUM
• PAX
• BAT
• ATOM
• MATIC
• TRX

• Research the Horse Races Beforehand: Before placing any bets, always research the horse race, the rider, and their previous record. You undercut other players and increase your chances of winning by studying each horse and its form and understanding how and why a horse is more likely to perform.
• Manage Your Bankroll: Horse racing is unpredictable, and you should manage your bankroll carefully to ensure that losses don’t outweigh wins. Set a budget for each race, and only bet what you can afford to lose, which leads to more issues for some people.
• Look for Promotions & Bonuses: Horse racing crypto casinos often offer promotions and bonuses to attract new customers. Make sure to take advantage of these deals to increase your profits.
• Bet Using Crypto With Low Network Fees: Even if crypto has no transaction fees, you can still boost your profits by depositing crypto with low network fees. Look for tokens like Tron, Matic, or Solana to save on costs and get money quicker
• Experiment with Different Horse Racing Games: Horse racing crypto casinos offer a variety of betting games, including parimutuel, fixed-odds, and spread betting. By experimenting with different types of games, you can find the one that works best for you.

There are a few mistakes that bettors make when they start out on their crypto race betting adventure. Here are a few to be mindful of:

1. Not doing adequate research before placing a bet.
2. Not setting reasonable expectations for winnings.
3. Placing too many bets at once without diversifying them properly.
4. Not using a reputable betting platform for crypto gambling.
5. Impulsive betting behavior leads to poor decision-making.
6. Not paying attention to fees associated with placing crypto bets on horse races.
7. Not cashing part of your profits after winning a bet.

It is important to fully understand the different odds that come with making punts on horse racing:

Fixed Odds

Fixed Odds are the most commonly used form of horse racing betting. They involve selecting a runner in a race and placing your bet at predetermined odds set by the bookmaker. Fixed odds can be taken when placing your bet or when the race starts. If you take them before the race starts, you will receive a much better return if your horse wins, but there’s also more risk involved as any changes in market conditions won’t be reflected in your bets until after the race has started.

Starting Price

Starting Prices work differently from fixed odds. With this kind of betting, no one knows what the starting price will be until it’s announced just before the race starts. The starting price is determined by how much money has been placed on each runner in terms of winnings which means that it can change throughout the day.

Tote Odds

Tote Odds involves pooling all bets together into a single pot and then dividing up that pot among all winning tickets based on their share percentage. It means that if multiple people pick winners (or even second or third-place finishers), they all get their share regardless of who placed their bets first.

These are our top 3 tips for when you decide to make a bet on races:

Check The Form

Before even considering placing a bet, check the form for the available horse and go over their past 5-10 races. This includes looking into their past performances at similar tracks or distances and studying their recent form and results from other races they have competed in. By doing your due diligence, you can spot which horses might have an advantage over others in terms of speed or stamina.

Consider The Conditions

Horse racing crypto betting isn’t just about picking winners; it’s also important to consider how different track conditions might influence the outcome of a race too. Pay attention to weather reports ahead of time so that you know what kind of surface (dirt vs. turf, wet vs. dry) the horses will be running on. This can help you decide which horses will most likely cope better with different track conditions.

Listen To Tipsters

Horse racing tipsters have some experience, and they can be a great source of additional information and help you assess your strategy and which horse might be your favorite during the race. However, don’t just follow their input blindly and weigh in your research with their input.