Basics of horse racing betting
Basics of horse racing betting are the rules and intricacies of betting at the racetrack. A thorough understanding of these basics will help you to be more successful at wagering. Sometimes it can be quite confusing especially if you are a new bettor. To bet wisely one has to know how to place a bet and even the lingo used to do it!
Simple rules regarding horse racing include how to place the bet. You should state the type of bet, the amount of the bet and the numbers of the horses you have selected/want to wager on. The program or racing form is usually available at the racetrack. These betting guides will give you all the information and data on the horses, and the particular race!
The horse must finish in the first position for a “win”, in the first or second position for “place” and in the first, second or third position for “show”.
A “Daily Double” bet means that you have to select both winners of races that are run one after the other.
“Exacta” means that horses should finish in the first and second place in the exact order you have bet on them, whereas “Quinella” means the horses can finish in the first and second place in any order.
The “Trifacta” bet means that you have to select the first, second and third horse in exact order.
The “Superfecta” means the first, second, third and fourth horse in the exact order has to be selected. ”Pick 3, Pick 4 and Pick 6” bets would mean that you have to select all the winners of the first three, four and six consecutive races, respectively.
Horse racing betting rules; help the bettor to be savvy enough to place a smart bet. The main aim of betting at the racetrack is to make sure you beat the “oddsmaker” and win a pile of money! Added to this, is to enjoy the thrill and excitement of betting on a horse and seeing it win!
Most betting is done through bookmakers and Sportsbooks that accept your bets. This betting is done either by yourself at the racetrack or online. Betting can also be done over the telephone. Sportsbooks only accepts the bets but the oddsmaker is the one who sets the odds. Winning when the odds are high means that you will make a good profit. An experienced handicapper will look for the “longshot” or and “outsider” – a horse with very high odds that is not tipped to win!
Betting online is very convenient and one has the advantage of saving time and energy as you can do so from the comfort of your home. Other betting systems include pari-mutuel betting in which the racetrack deducts a fixed percentage of all the bets that are placed, which is called the “track take”. The money that is left is divided among the rest of the bettors.
Basics of horse racing betting will tell you that a free horse racing calculator can be downloaded from the internet to work out important data like the returns on the horse in a particular race. Nowadays, racetracks are using gambling slot machines to generate money that can help towards paying the winners.