Betting online is exceptionally popular in this modern day with the growth in technology seeing a boom in the online gambling sector.
There are few cross overs when it comes to betting on casino games such as slots and making bets on sports such as horse racing, but the main aim remains the same for anyone putting money down, and that is to gain returns for their selections.
Strategies and methods are common across both types of betting options in order to enhance a bettor’s chances of gaining returns on a regular basis, but which has the better odds- horse racing or slot games?
How Does Betting Compare?
In truth, the only thing that horse racing and slots have in common is the fact that money is put down for both selections. In horse racing, a gambler will be looking to find the value in the market to maximise their returns.
There is also a range of different markets to take advantage of when betting on racing, as bets can be placed on the moneyline, Exotics, and over/under length betting. You can check more about it here: twinspires.com/betting-guides/beginners-guide-betting-horse-racing/
Slot machines take a lot less knowledge before putting your money down, as the machine that is typically found in casinos is focused solely on individual players with the hope of gaining an immediate return at a big price after spinning the slot reel.
Unlike in racing, there is very limited strategy to follow in order to land returns when playing on a slot machine.
How Do The Odds Compare?
The odds are the most important factor to consider when making sports selections, and that are no different when it comes to wagering on the latest horse racing action. Each runner in the field will have a different price, with the shorter the odds showing the more chance that a horse has of winning.
However, short-priced favourites aren’t necessarily a full-proof plan to getting returns. For the most part, in each race, a case can be made for any runner in the field, meaning that it is important to complete a lot of research before putting your money down on a runner.
Outsiders are a rarity, but never impossible. That has been evident in major races across the world throughout history, including in the 2022 Kentucky Derby when Rich Strike won at odds of 80/1.
It goes without saying that returns when putting money into a slot machine can be life-changing, but the odds of winning the top prize are typically slim. The machines give a player a one in 7,000,000 chance to win the maximum cash out, meaning that while a winner at a huge price on the slots can be more lucrative than when betting on horse racing, it is also more unlikely.
Are There Similarities?
There are few similarities between betting on horse racing and playing on slots. However, one of the factors that both have in common is the fact that the player will need a strategy before putting their money down.
In horse racing, this revolves around examining the betting options available and assessing each runner in a field before coming down on a fine selection. When playing slots, it is also important to have a strategy before playing.
This will largely revolved around the stake that you wish to play out, with many machines only paying out on top prizes if you’re playing at the maximum stake available. Commonly across both racing and slots, a key strategy point is the budget that you wish to play with.
This is a long-term factor that all bettors should take into account before putting any money down, as it will have a direct impact on the enjoyment levels that you expect to get, as well as ensuring that you don’t lose more than you can afford to.
Keeping within your budget when playing on the slots and making horse racing bets is essential for gaining long-term rewards. Avoidance to do so could mean that you’re chasing your losses, which is never a positive trend to follow.
Both Require Luck
Betting on horse racing and playing on slots games can both be very enjoyable, even for newcomers that have limited experience with either. However, the general census is that both require luck in order to gain returns.
That remains the case when betting on racing. Even those that have done hours of research will still need everything to click into place to gain returns from their selections, especially if you’re looking to take on a favourite, which will mean that you will need the runner at the top of the betting to underperform.
Luck in slots is a huge component of the game, as the progressive jackpots are triggered so rarely that a huge slice of luck will be required to walk away with life changing returns.
