The Basics of Betting on Horse Racing

When it comes time to stepping up to the plate and making the wager, be well versed about what you want to bet and how much you expect to make from that bet. Obviously, in the across the board bet the payout is bigger if the horse wins, but it allows you to cover yourself paying for the top three places. The payouts can be quite lucrative if you are successful at working one or two longshots into your final two or three-horse mix. At tracks with better horses e. Other Featured Articles

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It features all the words and phrases you need to know, with detailed explanations of what they mean. Please note that this glossary also explains a number of words and phrases relating to betting on the sport. The basics that you HAVE to know are not especially complicated, and you can learn about the more complex aspects as you go along. The first thing you should understand is all the different ways that you can bet on horse racing.

You may not be aware, but there are a few options here. The following are the most common. Fixed odds betting is the most popular way to bet on horse racing. This is where you place wagers with a bookmaker at specified odds. If your wager wins, you get paid out at those odds. If it loses, the bookmaker keeps your stake money. Parimutuel betting is a little different, as there are no odds involved.

Payouts are based on how much was wagered on a race in total, and how many people picked the winning horse. Exchange betting is where you strike wagers with other individuals rather than a bookmaker. This form of betting takes some getting used to, but also offers a few advantages over the other two options.

These include racetrack bookmakers, casino sportsbooks, bookmaking shops and online betting sites. The next thing you need to understand is that there are several different types of wager you can place on horse races. This often surprises beginners, but there are way more options than simply betting on which horse is going to win. Some of these options are very straightforward, while others are a little more complicated.

We explain them all on the following page, with examples of how they work. You might even get lucky and win a few bucks. Perhaps you want to take things a little more seriously, and give yourself a realistic chance of winning money consistently.

We can help with this, but we need to make one thing very clear. No such system exists. There are several articles in our general sports betting section that you might find useful too. Although none of them are specific to horse racing, a lot of the topics covered are relevant in at least some way. The following articles are especially worth reading. You should try to form good habits from the start though, so be sure to read the next section.

The more you get right at this stage, the better your chances of long term success. If you follow them as best you can, you should get your horse racing betting career off to a promising start. This tip is self-explanatory really. Betting for small stakes is a good way to do this. This just follows on from the above tip. Horse racing takes place almost every day in one country or another. This means there are plenty of races to bet on. Parlays or accumulators are popular among horse racing bettors.

They involve making multiple selections as part of a single wager, and they can be very lucrative. Within this type of bet, you are allowed to bet on several horses.

Of course, although there is more money to be won with an exotic bet it is harder to win since there are more variables. Beginners are advised to stick to the straight bets for their first few wagers before braving the exotic once they have broaden their knowledge of the ability of each horse. In most cases, the way to choose a winning horse is to study all the information available in the program. If you are visiting the track in person this will be handed out to you free of charge in most cases.

Information will also be available if you are betting online, most operators provide comprehensive resources. Most programs or websites will indicate the horses previous performance. You will be able to see how they ranked in past races in the contests. Careful to double check whether their victories were of the same prestige, the same type and on the same terrain. If a horse won first place for a grade 3 steeple chase, it is hard to tell how they will perform at a grade one flat race.

When scanning the screen to find the best odds, it is obvious that the horse with the lowest odds is the favourite. If you are unsure about betting for the favorite to win first place, it may be a good idea to place a Quinella on them for a less high-risk bet.

The horses are taken around the track for a warm up before the race starts, at this stage it is likely that some horses many seem more nervous than others, they may refuse to start or surge forward unpredictably. It is highly likely that horses which are exhibiting these types of behaviors will not perform to the maximum of their ability.

A good trainer will usually have several horses running in the same competition. You will therefore be able to verify their horses performance on previous races which have perhaps happened on the same day.

If you notice a winning streak from horses from a particular trainer then you know they are a safe bet. Indeed, prominent jockey travel widely and ride many successful horses. It is difficult to decide whether a jockey has enjoyed several consecutive victories because of the aptitude of his horse or vice versa.

Horse racing is one of the rare sports where the animal is revered above the human, you will notice that most people will applaud the victorious horse rather than its rider. Betting on horses is one of legal forms of online gambling in the US so it is a popular choice for punters. Betting on horse races- Back to Basics.