If anyone tells you otherwise then they do not understand the handicap system in horse racing and how the make-up of this famous Aintree race has completely. Their calculation takes account of track differences, race distances, the ages of the horses concerned, weight-for-age, weights carried, the state. operators of internet horse race betting and non-US based operators of [. different individual regulations were explained, not only those from the Race Betting.
The Fibonacci Betting SystemIf anyone tells you otherwise then they do not understand the handicap system in horse racing and how the make-up of this famous Aintree race has completely. Lay betting explained: The OpenOdds Guide Let's take a look at an example of horse racing lay betting to see how we could use this betting. Their calculation takes account of track differences, race distances, the ages of the horses concerned, weight-for-age, weights carried, the state.
Horse Race Betting Explained Horse Racing Betting VideoHow does HORSE RACING actually work??
Betting on a horse race for the first time — even the first few times — can be an intimidating endeavor.
This video that walks you through how to chose a horse using past performances and then read on for an explanation of the various betting options as well as some key betting terms to know.
TheAction: The Past Performances from America's Best Racing on Vimeo. Across the board — A bet on a horse to win, place, and show. If the horse wins, the bettor collects three ways; if second, two ways place, show ; and if third, one way, losing the win and place bets.
Exotic bet — Any bet other than win, place, or show that requires multiple combinations. Examples of exotic wagers are exacta, trifecta, Pick 6, Pick 4.
Daily Double or Double — Type of bet calling for the selection of winners of two consecutive races. Exacta — A wager in which the first two finishers in a race, in exact order of finish, must be picked.
Box — A betting term denoting a combination bet whereby all possible numeric combinations are covered for certain horses.
Patent bet: This is a made up of seven bets from three selections. The seven bets comprised of three single bets , three double bets , and one treble bet.
Punters can make the condition of winning more favourable and sensible by making the patent bet each-way if they can find three selections with favorable each-way terms.
Trixie bet: A Trixie bet is essentially four bets made from three selections. The four bets comprised of three doubles and one treble. It gives more advantage over and accumulator bet as one selection losing does not completely forfeit the whole wager.
Yankee bet: A Yankee consists of eleven bets made from four selections. The eleven bets are six doubles, four trebles, and one four-fold accumulator.
One thing to note with a Yankee is that it is one of the older generations bet and higher number of selections winning translates to sizeable returns for bet; however, odds are more in the favour of bookmakers.
Lucky 15 bet: As the name implies, it consists of fifteen bets made from four selections. Lucky 31 bet: As the name implies, it consists of thirty-one bets made from five selections.
The 31 bets comprised five singles, ten doubles, ten trebles, five four-fold, and one five-fold accumulator.
We have an article on lucky 31 bet where we made a deep dive for better understanding of how it works. Horse Racing Betting Odds Another important aspect of horse racing betting to discuss is understanding how to read horse racing betting odds.
Mutuel Payoffs: Calculating Original Investment with Odds Payoff Unlike the format of horse racing betting odds discussed above, calculating payoffs in a pari-mutuel system is a little different.
Exotic Wagering and Betting Strategies in Horse Racing Gambling Our discussion on horse betting will not be complete without mentioning the exotic wagering types involved.
The exotic wagering types in horse racing betting are: Exacta: It involves predicting the first two horses in a race in the correct order. Trifecta: It involves predicting the three horses in a race in the correct order.
Read more about Trifecta Tricast bet in one of our articles where we dive a little deeper. Superfecta: It involves predicting the first four horses in a race in the correct order.
Which Bookmakers offer the best Horse Betting? Conclusion: Online Gambling Horse Racing. Instead of relying on secondhand gossips , it is better to do your own research, keep you stakes even, and make your horse betting with trusted, reputable bookmakers.
Top 5 Betting Sites. Betting Baseball. Betting College Basketball. Betting College Football. Keep in mind, the top ten riders in the jockey standings win about 90 percent of the races run during the meet and favorite horses win about 33 percent of the time, and have low payoffs.
Have fun at the race track, take a chance and hedge your bets! We hope this guide better explains horse racing odds and turns you into a confident bettor.
If you want to try and beat the horse racing odds, join our online betting platform and view live video of races! How To Read Horse A Racing Program.
Want a better shot at walking away a winner? Then trust us and keep scrolling. What Are Horse Racing Odds Odds are simply the way prices and payouts are shown at a horse track.
Glad you asked! Changing Odds: Either at the track on the tote board or on your online sportsbook, the odds will change depending on how many people are betting on each horse in the race up until post time.
Favorites: Each race has a favorite. Probability: Fractional odds can easily be translated to probability percentages.
To see an example of this calculated, keep on scrolling! There are several types of pari-mutuel horse bets.
A few of the most common are: Straight Bets Win Bets: Choosing the horse that crosses the finish line first. Place Bets: You are betting on a horse to finish second.
Show Bets: Placing bets on a horse to finish third. Exotic Bets Exacta: When you pick the first and second place horse in that order.
Fixed Odds is a set price at which the Win portion of a bet will be paid at the fixed price as determined by the bookmaker. The below bet types are known as exotic bets and include Quinella, Exacta, Trifecta, Quadrella, First 4 and Super 6.
Quinella dividends are calculated by the amount of total money in the pool at race end and a dividend is then declared after the race is run.
A Box Quinella allows the ability to choose as many runners as you like from the same race, however two of the selections must place First or Second in any order.
It also costs you more for your initial outlay as there are more runners. The Standout Quinella is when you specify a group of runners that you think may come first, and a group that may come second, specifically in that order.
Exactas traditionally pay more than Quinellas but they are also harder to win as they have to run 1st and 2nd in order. The formula for calculating the cost of an exacta box is horses in box x horses in box minus 1 x dollar amount of bet.
As you can see the cost of the exacta box increases greatly with each additional horse. To receive a winning pay out, the order of finish would need to be one of the following combinations.
To calculate the cost of a trifecta box, simply multiply the number of horses you would like to box say 8 , by that number minus one 8x7 , and by that number minus two 8x7x6 , and then multiply it by your bet amount to find the number of combinations.
If any three of your selections fill the first 3 placings then you would win the bet. A runner selected to finish first a standout is combined with two or more other runners to finish second and third in any order.
You can also standout a single runner to finish second or third if you wish. This bet allows you allows you to still specify the number of runners you wish to back, but you can also specify what amount you would like to invest based upon your budget.
You want to box 5 horses in a trifecta. There are four different types of First 4 betting - Straight, Box, Standout and Multiple First 4 bets. Straight First 4 Requires selection of the first four placings in a race in the CORRECT order.
Box First 4 This bet allows your selections to finish first, second, third and fourth in ANY order. Boxing four selections gives you 24 combinations with which you can win a First 4 bet type.
Standout First 4 One runner is selected to finish 1st a standout , and is coupled with three or more runners to finish second, third and fourth.
The each-way bet is one of the most common types of wagers used in horse racing. However if the horse finishes second or third then the bookmaker will pay out only a fraction of the win price offering.
You could also think backing a horse with an outside chance of winning i. This way if the horse does actually end up finishing well the pay out price for the place bet would be considerable.
Straight Bets are the simplest of horse racing wagers and are, very often, the go-to bet-type for beginners.
They require less risk, less experience and skill, less funds, and are generally far easier to secure a return.
Although you may feel tempted to start experimenting with some of the more exotic wagers right from the off, at this stage we advise sticking with straight wagers where you only bet on one horse and things are kept nice and simple.
If your horse finishes first the bet is a winner. If not, the bet loses. You only see a return if the selection crosses the line in one of these positions.
Pay-out prices here are generally lower than a win bet.