Horse Racing Betting

It goes without saying that horse racing is one of the most classic sports Singaporeans can bet on. Horse racing has witnessed the rise and birth of many sports that are being played today such as football, basketball, and tennis. 

In this another article at Tipsportal, we will take a close look at horse racing, specifically at its betting aspect. In this way, the next time you bet, you can bet with confidence!

What is Horse Racing and How Does the Game Work?

One of the most popular forms of sports betting is horse racing betting. It involves making a prediction of the outcome of the horse races and placing your bets. While the concept remains the same, rules do differ from place to place.

For instance, horse betting Singapore online, in particular, is normally held in Singapore Pools because of the strict implementation of gambling. But aside from this, another option that Singaporean bettors can consider is the variety of offshore betting sites. The main difference between the two is that offshore sportsbooks have a much wider range of betting options to offer. One of the many reasons why many Singaporean bettors prefer to bet on them. 

To further understand how the whole game works, you must take time to learn its odds for a more informed betting decision. Simply put, odds give you a probability of how many chances the horse has of winning and how much money you may win if the bet is correct. When the odds are low, like 2/1, that horse is referred to as a favorite. And has a high chance of winning but a lower payout. 

Singapore Horse Racing TournamentsThat You Can Bet On

There is no need for further explanation as to why horse racing is one of the most popular sports all over the world. That is also why, it’s not even surprising that there are many famous races held every year. If you still don’t have much of an idea of the biggest and much-awaited horse races that you can opt for, worry not, because you can simply find them below!

Kentucky Derby

Kentucky Derby is the first series of the most popular horse racing tournament, the Triple Crown along with Preakness Stakes and Belmont Stake which will also be discussed after. It is one of the most popular horse racing tournaments that was first held in 1875. Since then, the event took place in Louisville, Kentucky. 

A highlight of the international calendar of horse racing, the Derby combines exciting competition, lively celebrations, and a sense of glamour. The match consisted of 16 races with a distance of 1 ¼ mile. The point system is based on horse performance. In the end, the winning horse will be draped in a blanket of roses and referred to as “The Run for Roses”.

Preakness Stakes 

The Preakness Stakes is the second leg of the Triple Crown and is run at historic Pimlico Race Course in Baltimore, Maryland. At 1 3/16 miles, it is slightly shorter than the Kentucky Derby, and it occurs two weeks after the Kentucky Derby. This race is also known for its great atmosphere, where Pimlico provides an electrifying experience with energetic races and events that compete with its Kentucky counterpart.

Traditionally, the Preakness Stakes has kept the focus on the Kentucky Derby winner, usually the heavy favorite to win again for the Triple Crown. In fact, fans and players alike anxiously wait to find out if the Derby champ can continue that momentum, hence making this event all the more exciting in a high-stakes competition.

Belmont Stakes

The last segment of the Triple Crown of horse racing Singapore will involve the Belmont Stakes known as the "Test of a Champion". It is to be held at Belmont Park in New York and is more of a test of the endurance and skills of the animals. Although the Kentucky Derby and Preakness Stakes are shorter, the Belmont Stakes will test the horses with its 1 1⁄2-mile track, which happens to be the longest one in the series.

This legendary race invites top-performing horses from the first two Triple Crown events, and it sets up for an electrifying showdown. More than a race, Belmont Stakes is a celebration of equestrian excellence and perseverance. Being the last leg of the Triple Crown, it is one of the most prestigious races in horse racing history, attracting fans with a mix of tradition, excitement, and unpredictability.

Melbourne Cup

The Melbourne Cup is simply known as "The Race that Stops a Nation" and is the jewel crown of Australian horse racing. It takes place every first Tuesday of November at Flemington Racecourse in Melbourne, a historical venue and one of the most impressive events for millions of worldwide fans. 

With a challenge of 3.2 kilometers, it's a hard test of speed and stamina as well as having a stunning prize pool of around $8 million. Not only do the actual participants of the race have the chance to win huge rewarding prizes, but online punters are also no exception to this. 

Singapore Gold Cup

Aside from all the biggest international tournaments, Singapore also has its very own horse racing tournament, introducing the Singapore Gold Cup. It is not only a much-awaited event for horse racing but also bettors as well — held every November at the iconic Singapore Turf Club. 

This prestigious race is for horses three years old and above, providing a spectacle for fans and bettors. With nearly a century of rich history, the Singapore Gold Cup has become the cornerstone of the local racing calendar, celebrated for its excitement and prestige. It has been held since 1924 and is considered Singapore's biggest race.

Horse Racing Betting Landscape in Singapore 

Since the beginning of horse racing, there have been many things that have changed. And the best example of this is how bettors place their wagers. If before, you need to go to an actual race just to bet, now you can easily do that online. Perhaps, you're looking for the best sports betting tips, and if so, understanding the betting landscape of horse racing in Singapore is the best tip you could have.

While traditional bookmakers are still to be found at the racetrack, the mode of interacting with this sport is all changed by online betting sites. Easy accessibility for placing bets, real-time odds, and being able to watch races live from anywhere in the world, anytime has led to an increase in competition. There are now many more betting options, better odds, and attractive bonuses for both new and regular customers.

Whether you enjoy the social aspect of betting with a brick-and-mortar bookie or the convenience of online sites, the world of horse racing betting caters to all types of people and abilities. To give you an even better idea, listed below is the list of the best offshore sportsbook punters you can opt for!