Horse Racing Betting Guide

For every 1 unit you stake, you will receive 1 unit if you win plus your stake. The best part is you don't have to be royalty to take the reins and win big with horse racing betting. If you've ever enjoyed sports betting or other forms of online gambling, horse racing betting won't be a huge departure. If you've never wagered before it's easy to get flustered by all the betting possibilities and numbers listed on a race card. We will cover the most common wager types which you will find at a live racetrack or an online racebook. What Do Horse Racing Odds Mean? | Betting Guides

A Bankable Day at the Races

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This is a unique form of gambling which is primarily used in racing and means that winnings are contingent on the amount of bets placed and also the overall amount of money at stake to win.

We have developed this page to aid bettors in understanding how this complex system works and how they may calculate their potential winnings across a wide range of various bet types.

You can bet on Justify to win the Triple Crown at horse betting sites like Bovada. All the Thoroughbred has to do is take the Belmont and he will be our next Triple Crown winner. In addition to Bovada, you can find Triple Crown odds for Justify within the horse betting futures section of top racebooks such as BetOnline, SportsBetting, and 5Dimes. However, as always, the Belmont is a different beast.

Hopefully, Justify is, too. There are a variety of wager types which are prevalent in horse racing which are divided into two main categories. Straight Wagers are typically brief and to the point with a clear payout while Exotic Wagers are typically higher priced with rougher odds however with fantastically large payouts. We will cover the most common wager types which you will find at a live racetrack or an online racebook.

In a straight wager at the track, a bettor is going to have 4 main bets to choose from which he or she can place on a single horse at a time. The odds on straight wagers are some of the more favorable in pari-mutuel betting although they do not offer very high payouts unless a bettor is picking a horse with dismal odds to outright win a race. The most common straight bets are as follows:.

Any other result would mean a losing bet. The bettor will win if the horse finishes in either of the top two spots but any other place will result in a losing bet. This bet is pricier but ensures the bettor a variety of ways to win. Therefore, for a horse at , divide 7 by 4 1. If a bettor wants to know exactly how much money will be returned to them from a successful bet, multiply the mutuel payout by the amount invested, and then divide by two.

Predict the first two horses in a race in the correct order. Predict the first three horses in a race in the correct order. Predict the first four horses in a race in the correct order. In a box wager, a punter selects a number of horses and covers all the finishing options available. Punters can include more than two horses for a box exacta to cover more options. If any of this seems confusing, the sportsbook handles all the math so there's never really any surprises.

One of the best things about horse racing betting is the wide variety of wagers that are available. Horse racing betting options are divided into straight wagers, where you bet on a single horse, or exotic wagers that cover multiple horses with one bet.

Here are the most popular online casino horse bets and what they mean. Place - Betting that your horse will finish first or second. Provides worse odds than a win, but offers a bit of a hedge. Show - Betting that your horse will finish first, second, or third. Less lucrative than a place wager, but has a much greater likelihood of panning out. No matter how familiar you are with casinos, sportsbooks, and other forms of online gambling, horse racing betting is easy to master.

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What Is Racing Explained? Categories. Picking a Winner You will see an F alongside the horse’s odds when they are the favourite. If more than one horse has the same odds of winning according to the betting market, this will be displayed as JF, meaning joint-favourite. Betting on Horse Racing For Dummies offers lots of info to help better your odds including advice on what to pay attention to and what tools can help you at the track as well as the mechanics of placing a bet, the types of bets you can place, and your odds of winning. Getting to grips with understanding odds is a vital component when wagering on horse racing. Knowing what the odds represent unlocks important information that every punter needs to know before betting in earnest: what is the chance of my selection winning?