Horse betting is one of the oldest niches in the betting world, as fans rich and poor, old and young wager together on the most exciting couple of minutes in all of sports. For fans new to the horse racing world, there is much to be learned, however today we have provided three essential tips to get your feet wet.

1. Look For Value Odds - Similar to just picking winners, looking for value odds can be the difference between making and losing money. Ideally you want to look for a horse that has a good chance to pull out the win but isn't bet upon by a lot of people. To find the right valued odds, look at a horse that has a bet of either 10 to one or 15 to one and check out their last few races before deciding on the good value you are receiving.

2. Give Preference- When wagering for the first time, it is important to take the track conditions into consideration. For instance if a track is heavy as a result of poor weather, look for horses that are known as fast starters when conditions are poor. One can usually find this information online, as most online sportsbooks have every last detail to assure the bettor with the reasoning for picking a horse. Fast starters should always get preference in bad conditions and vice versa for better conditions.

3. Last Minute Odds- Throughout the time leading up to a horse race, the odds continuously change. For some horses the odds can jump from 50 to one to five to one in a matter of a few minutes. If this occurs, you should place your bet as the only reason the odds would ever take such a drastic jump is if the bookies have favorable information on the horse.