
The first step to identify winning horses is understanding the different types of races and the corresponding betting options. There are three primary kinds of races: Flat racing, jumping and harness racing - each with its own set of rules and betting options. Flat racing is the race where horses are running on a flat course without any obstacles while jump racing involves fences or hurdles which the horses must leap over. Harness racing is when horses pull an uni-wheeled cart, called the sulky, while a jockey sits behind them.
Once you have familiarized yourself with the various kinds of races, it's now time to conduct a thorough study of the participating horses. Look at their past performances as well as statistics like their win rate, the average of their speed, and the track record of jockeys with the horse. This information will provide you with an idea of which horse has the highest chances of winning, according to their previous performance.
Another aspect to be considered is the track's condition. Different tracks have varying surface types like dirt or turf which can impact how horses perform. Some may excel when they are on dry tracks, while some might prefer wet conditions. It's important to know the weather forecast prior to placing your bet so you can make an informed choice based on how each horse performs in those conditions.
Apart from analyzing the individual horses, it's crucial to pay attention to trainers and jockeys who have a significant impact on the horse's performance. Professionally trained trainers and jockeys are more aware about their horse's capabilities and are able to make smart choices during races. Look for horses with reputable trainers and jockeys who have a track record of winning races.

Conclusion: In the end choosing the best horses for horse racing bets requires thorough investigation and a consideration of many variables like previous performances, track conditions, trainers, jockeys' histories as well as odds and an intuitive sense. By using these expert insights and your personal knowledge about the sport, you can increase your chances of winning bets on horse racing events. Always remember to gamble responsibly and enjoy the excitement that comes with this thrilling sport!