Horse racing betting has been around for a very long time. But even with this, many bettors tend to be a little hesitant about giving it a shot. It is because the entire betting discipline can seem more formal and intimidating, especially to a new punter. With this in mind, we’ve compiled a list of essential things to make your entry into this place smoother and less stressful. Here goes!
The Beginner’s Guide To Horse Racing Betting
Operating successfully in this space demands you familiarize yourself with much information. Among these are the basic types of bets you can place in the discipline.
Basic Bets In Horse Racing Betting
These include:
The Win Bet
It is what the wager that you place on a horse to finish first.
The Place Bet
It is the wager you place on a horse to finish in any range of positions your bookmaker gives.
The Show Bet
It is the wager you place on a horse to finish in the money.
The Across The Board Bet
It is the wager you place on a horse to win, place, and show in a given event. If this type of wager wins, a punter collects three different payouts.
In addition to the above, other basic terms in horse racing betting that you should be familiar with are:
The Morning Line
It is the phrase used to describe the odds that the track handicapper estimates a given horse will go off.
In the Money
It is what a horse finishing in the first, second, or third position is in horse race betting.
How To Bet Like a Pro In Horse Racing
Now that you know the basic terms in this discipline, it’s time to get into the meat of things. To do this profitably, remember to:
Never Wager On The Favorite
You must avoid betting on the favorites to make it far in this industry. There are two reasons for this. The first is that these horses only win one in every three races. Second, the payoff is never worth mentioning when they do their best. So, stay away from favorites here!
Avoid The Show Bet
Like betting on favorites to win, taking the show bet is another “sure” thing that’ll only lead to the end of your bankroll if you’re not careful. Apart from the fact that these types of bets rarely ever come true, the winnings tend to be terrible when they do.
Consider Betting Late
The early bird doesn’t get the worm in horse racing. While you might bet early, you should resist this urge because it’ll render you powerless to change anything if something happens on the tote board; what’s more, betting late works to your advantage if you’re placing a sizable wager, as it’ll protect you from tipping your hand. The intrigue is endless in horse racing betting, and you can become a part of that fun today!
Horse Racing Betting Types
| Betting Types | Descriptions |
| Win Bet | This is the simplest and most common type of horse racing bet, where the bettor bets on which horse will win the race. |
| Place Bet | This type of bet involves betting on a horse to finish in either first or second place in the race. |
| Each Way Bet | An each way bet is a combination of a win bet and a place bet. The bettor bets on a horse to win the race, as well as to place in the top two or three, depending on the size of the field. |
| Exacta Bet | An exacta bet involves betting on the two horses that will finish first and second in the race, in the correct order. |
| Quinella Bet | This type of bet is similar to an exacta, but the bettor does not have to predict the order of finish, only the two horses that will finish in the top two. |
| Trifecta Bet | A trifecta bet involves betting on the three horses that will finish first, second, and third in the race, in the correct order. |
| Superfecta Bet | A superfecta bet involves betting on the four horses that will finish first, second, third, and fourth in the race, in the correct order. |
| Daily Double Bet | A daily double bet involves betting on the winners of two consecutive races. |
| Pick 3/4/5/6 Bet | These are types of multi-race bets that involve selecting the winners of three, four, five, or six consecutive races. |
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