If you are interested in participating in a horse race than past performance or reading racing form can be very confusing. There are some tips that will help you to pick the winners in horse races. The first and foremost tip is a disclaimer and caution. It may be an exciting experience to bet on different horses and win lot of money but betting can be very risky too. Unless you have some really relevant and important information or you posses a good horse racing system, you should never foray into horse racing. Since taking part in a horse race is an emotionally charged experience, it is always advisable to take only an amount of money that you can afford to lose as you should never risk your entire money on these racing.
The second tip is regarding betting in horse race in which you have to decide the kind of wager you want to make. If you bet on a particular horse to win, it should definitely win the race so that you do not lose your money. If you bet on any horse to place then that horse has to come first or second and you will be rewarded for what it pays to come to place. Horse have generally more chance of placing so that the horse can win. The third bet which is a wager is called show bet which means if the horses comes first, second or third, you will receive whatever it pays for showing and thus you need to be prepared as it is generally less than the place payoff or the win.
You can also cheer on a horse race and if you are thrilled to chase ticket and you are not very confident than there is no harm with betting to place or show.