How To Bet On Horse Racing
Sports betting is by far an exciting hobby and pastime but if you really don’t know the ins and outs and the odds of betting, you can stand to lose heavily. There are various types of sports betting like football, ice hockey, boxing, basketball, cricket, tennis and also horseracing and greyhound / dog racing. Horse race betting is another top sports betting event and here we are going to tell you how to bet on horse racing.
First and foremost there are two types of horses, the thoroughbred and the pure bred. A thoroughbred is a purebred but not necessarily vice versa. A thoroughbred is a horse, which gratifies the rules, and requirements set forth, and are registered in the American Stud Book or a foreign studbook recognized by the Jockey Club and the International studbook committee. This breed of horses is known for its racing ability. A purebred on the other hand is an animal descended from a line of ancestors of the same breed, but not necessarily registered.
The main objective of horse racing betting is to beat the Odds makers or the Odds Compilers and win some money. Betting is done via sports book (US) and bookmaker (UK) entities that accept wagers. You can wager on the outcome of horse races and several other sporting events. To place a wager, you can go to a sports book/bookmaker physically or online and bet as you deem appropriate. You will be required to state what you are wagering on by making a selection, the type of wager and the amount you are wagering. This will depend on the odds offered, so you should ensure that you have done adequate homework on the range of odds available before making your decision.
Some of the common bets in horse racing are:
- Straight bet or single/win bet is the simplest and most common as you bet on a winner at given odds, and only if you chosen horse is the first across the finish line you stand to win
- Place bet is a bet for place, which in effect means that you win if your selected horse finishes either first or second
- Show bet is a bet on the third horse across the finish line, which in effect means you win if your selected horse finished either first, second or third
- Combination bet covers two to four horses to win in chosen order
- Quiniela or Reverse Forecast is a bet placed on two horses to finish either first or second in order
- Perfecta or Exacta or Straight Forecast is a bet placed on two horses on the condition they cross the finish line in exact chosen order
- Trifecta or Tricast or Treble forecast is a bet placed on three horses on the condition they cross the finish line in exact chosen order
There are many other horse betting options, which vary from track to track and country to country.