Horse racing betting is a fun and exhilarating way to enjoy an afternoon. Whether betting at your local horse racing track or online, for the newcomer there are a few things that one should know.
The whole point to the game is to beat the odds, which are set by someone called an Oddsmaker. To place a wager you would do so with a Sports Book, either at the racetrack or via a betting website found on the Internet. The Sports Book allows you to place your bets, but the Oddsmaker is the person who actually sets the betting odds.
There are many different kinds of bets, the most commonly used one being the Straight bet. As the name suggests, you place a single bet on your chosen horse and if it crosses the finish line in first place, you win. The Place Option can be selected instead and this means that if your horse crosses the finish line in first or second place that you will win the bet.
Show is a bet placed to encompass the odds of your chosen horse finishing in either first, second or third place. As we progress down the list of betting options, you will notice that things become more convoluted and therefore more interesting! Choose the Combination Bet if you wish to pick up to four horses to cross the finish line in a specified order.
A person will choose the Pick 3 as an option if they wish to pick the winning horse in three consecutive races. Select Pick 6 and you can choose the winning horses to finish in six consecutive races. Often your racetrack will allow you to do this with six sets of upcoming races, varying between the first, second or last set of six races for the day.
Quiniela or the Reverse Forecast is a concept mostly found in the United Kingdom that permits the person betting to pick the winners of two consecutive races in either first or second place in either order. Alternatively, the Perfecta, Exacta or Straight Forecast is the option chosen to select two horses that must cross the finish line in the exact order as the placed bet.
The Tricast, Trifecta or Treble Forecast option allows the person to bet on the first 3 horses to cross the finish line in the specified order. Superfecta betting means that you can choose four horses to finish the race in a set order on the day. The Daily Double option means that your first and second race. winners can be chosen before the daily races start. If you still think that horse race betting is easy, you are in for a surprise!. When choosing to bet on the Jackpot, this means that you choose six winners to share in a daily jackpot prize that will vary from racetrack to racetrack.
Your Parlay or Accumulator bet means that you make simultaneous bets on two or more races on the day. This is different to the Future Bet, which is made on upcoming races. Future Bet are exactly that, bets made on upcoming races. .Prizes are different, depending on the racetrack.
I’m sure you’ll agree that horse racing betting is complicated and thrilling, offering a varied number of betting options. It will take a kiss from Lady Luck and a bit of skill and background knowledge of the sport to attain successful results, but I guarantee that is a fun way to pass an afternoon at the racetrack.