Betting on horse racing has been around for ages. It became prevalent around the time that horse racing was invented as a sport. Now, it has become popular for the main purpose of betting. Though the main idea of winning on a horse has remained the same, a lot has changed over the course of the past years.
When the COVID-19 pandemic hit, sporting events like Randwick Guineas and sportsbooks were forced to shut down. As a result, there was a significant drop in revenues and wins for sports events hosts, racers, bettors, and other stakeholders. But soon after, sporting events started taking place with a virtual audience. This opened up new possibilities for online betting on horse races like Tancred Stakes and Randwick Guineas.
This article will take a deep dive into the world of online betting in horse racing and how it has evolved. We will also discuss what the future of betting on this type of sport holds.
Horse Betting Today
When it comes to horse racing in Australia, it is quite a popular one to watch and bet on. There are a number of big races that take place year-round. Similarly, betting odds, stakes, and insights relating to each keep fans and players interested. For example, the Randwick Guineas betting odds for the upcoming Randwick Guineas 2022 race already has everyone planning their bets.
Over the last couple of years, betting on horse racing has changed significantly. One of the most significant ways it has done this is through the emergence of online betting through virtual casinos, betting sites, and online sportsbooks. This way, players can place bets on their horses while on the go or from their house without being at the event physically.
Impact of COVID-19 on Horse Racing and Online Betting
Many people resorted to gambling and betting online when horse races shut down for public attendance amidst the pandemic. As a result, there was a major surge in this type of betting. Now, even big and reliable companies provide online betting services. It is simple, quick, and you can bet remotely wherever you are. All you need to place a bet is your mobile device or computer and access to the internet. There are hundreds of online betting sites you can bet on depending on the race you like the most, be it Randwick Guineas, Tancred Stakes or any other upcoming event like the Autumn Racing Carnival.
The pandemic has made it clear that the online betting industry is growing and will continue to do so in the future because of how easy to use and convenient it is. It also tells us that people continue to be as interested in horse racing as they were prior to the pandemic.
They can even learn more about insights and tips from races before betting in order to increase your odds in events. For example, you can even learn about the Tancred Stakes tips before the race. Or you can read about the horse racing betting odds before the big race this season.
What the Future Holds
Though the COVID-19 pandemic brought horse racing and betting to a momentary halt, it is clear to see that the two are beginning to pick up again. Online betting continued to fare well compared to casinos and physical sports bookkeepers. For this reason, and because of its convenience, the future of online betting on horse races is bright in a post-pandemic world.
Since horse racing has always been a popular sport to bet on, the amalgamation of the sport with online betting will be a successful one. Hence in Australia, the online betting industry, especially horse racing, is expected to grow exponentially.
Palmerbet is one of Australia’s largest and most popular online sports betting websites. It is one of the leading bookmakers in the country that we highly recommend for betting on horse racing and other sports. Signing up and placing bets on their site is easy and convenient. Not to mention, they also provide various insights and resources that help bettors, such as on Randwick Guineas Tips before the race.