Betting has now been around longer than anyone could possibly remember. Whether that be betting on sporting events, playing poker, or enjoying blackjack at a casino, people from all walks of life enjoy doing so. Many stereotypes are associated with different types of gambling, such as the belief bingo players are all old women or anyone who plays roulette in a casino is a wannabe James Bond. One of the most popular types of gambling is to bet on horse racing, but why do all different types of people enjoy this and what are the different motivations for wanting to bet on horse racing?
Some of us are just casual bettors and will occasionally place bets on sporting events usually when a big event comes around for example the Grand National or Ascot. These are usually the same bettors who will place a bet on the FA Cup final. These bettors don’t tend to use a strategy and when it comes to horse racing are likely to just bet on a horse because their friend told them to or because they liked the name. Casual bettors might also find themselves enjoying a day at the races and places bets as a part of the experience and to increase their interest in the races.
There is a small percentage that bet on horse racing who are actually professional gamblers and make a living from doing so. They will research and analysis statistics and use this information alongside their own knowledge before placing bets on horse racings. Those that also use betting exchanges to trade on horse racing will also fall into this category and will use deviations and mathematical probability to profit from races.
The bookies’ favourite type of horse racing bettors are known as ‘punters.’ These types of bettors will usually be found in betting shops and will go there on a very regular, sometimes daily basis. They will spend a lot of their income betting, do so with any real strategy and chase the thrill of winning and praise from their fellow punters. Some will even venture into the realms of online horse betting with Betpoint and other popular brands.
There are many other types of horse racing bettors too, such as those who just love the whole thing about gambling and have to very careful in how they spend their budget as well as winnings, all the way to those who are ‘semi-professional’ and bet with a strategy to make a steady income of profit, similar to those who do so full time.
Even though many people may associate different characteristics with those who enjoy betting on horse racing, it is clear that there is no correct stereotype associated with horse racing bettors. There are many different reasons why everyone chooses to bet on horse racing, whether that be a job, the social aspect of it, to try and win big, or because they are interested in stats. What is important is that whatever the reason, it must always be fun and balanced.