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While there is no scientific method to determine whether a horse is likely to win or lose, there are several factors you can consider when putting your bets. One important factor is the horse's form. Horses perform differently on different surfaces. For instance, some horses perform better on dirt while others prefer artificial tracks. In general, you should back the horse with good form.

Another helpful tip is to stick to a budget. While novice horseplayers may be tempted to bet on every race, a savvy horseplayer will focus on only two or three races. This way, they can make a realistic budget and have a certain amount of cash to spend. A free bet calculator is another useful tool for figuring out your winnings.

You should also take into account the odds. The odds will give you a good idea of how much a horse is worth. This figure is determined by the bookmakers. For example, the Grand National favourite is 9/1. That means a bet on Delta Work would return PS50, while a bet on a 33/1 horse would return PS34.

To make a good bet, you must understand the odds and starting prices. Generally, the shorter the odds, the safer the bet. Remember that bookmakers set their odds strategically to encourage bets on several horses. Depending on how much you are willing to risk, you can either bet on the odds as they are or on the starting price, the price at which a horse will start the race.

Another good option is to download a betting app to your smartphone. These betting apps are designed to help you make smart wagers and maximize your wins. These betting apps will give you the latest odds and help you zone in on the best bets. And they are available for iPhone and Android users, so no matter what device you own, you should be able to use them to make better bets.

You can also place bets on horses that are likely to place first, second, or third. Although these bets have a higher chance of winning, the payout is generally lower than the win or place bets. This is a good option for beginners who want to make some easy money.

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