Betting on horses for dummies

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Types of Bets in Horse Race Betting There are many different types of bets you can wager your money on in horse racing, the simplest being the winner. Basically, you just put your money on a horse and if it finishes the race first, you get the money. On the contrary! Some of those are not only really entertaining but can also result in big wins.

If the horse you bet on finishes on one of the top two spots, you win! If you get the exact order of the top two, you can expect big winnings coming your way. This is why many bettors use an alternative to the exacta bet called quinella. An even more exciting version of this bet is superfecta, which involves guessing the top four horses in exact order.

The more info you collect, the easier it is to predict the winning horse. The most important factor to take into consideration is the form of the horse. You got to take into account other factors, like the distance of the track, for example. Some horses and jockeys make better results on larger tracks, others do better at shorter distances.

One final horse betting advice we got for you is to mind the odds. Likewise, a horse with very long odds is very unlikely to do well in the race. You should not make a win bet, or any bet, in every race, for instance. Because payouts are diminished, some players use paylays — multiple race bets determined by the player — to increase their profit.

If that horse also wins, the entire amount could be wagered on a third horse in a third race, etc. Most horseplayers include such bets in their repertoire because they can return significant rewards for a relatively small investment. The object in all these bets is to pick the winners of successive races, two in the Daily Double, four in the Pick 4 or six in the Pick 6, for example. To improve their odds of hitting multirace bets, most horseplayers use more than one horses in one or more of the races.

In the second race, the player figures that the solid favorite will carry the day, but race three looks like a real grab bag so five horses go on the ticket. In other words, you have 15 possible winning combinations on this ticket. The combination concept is important, as that allows you to calculate the cost of a ticket.

When that happens, the payout can be expected to skyrocket. The object with these wagers is to pick horses in the correct order of finish: exactas top two finishers in order ; trifectas top three finishers in order ; superfectas top 4 finishers in order or Hi 5 top five finishers in order. As with multirace bets, many players include multiple horses in these bets to improve their odds of collecting.

But if you select the 1 horse, the 4 horse and the 7 horse, they must finish in that exact order or your ticket is a loser. By boxing the trio, you are ensuring that you will win if they finish in the top three, no matter what the order. Keying horses, on the other hand, means narrowing the field in some placings in order to be able to spread out in others. For example, a player might decide to play a 10 cent superfecta in a race where two contenders appear to be head and shoulders the best in the field.

By using those two horses in the top two placings, the player can use the remainder of the horses in the third and fourth slots, potentially triggering a solid payoff if the top two finish one-two and long shots come in. Multihorse wagers usually work well when you have a horse you have faith in to win and can build tickets around that runner. Exchange horse wagering strategy Exchange wagering, also known as spread betting, is a relatively new wagering system that has more in common with stock futures trading than with the traditional parimutuel and fixed-odds systems used in horse racing.

Providers of exchange betting essentially remove the racetracks or bookmakers from the equation and match players who take opposing views of the expected outcome of a race or races. Once the two sides agree on a wager and an amount, the provider holds the money until the bet is decided, then pays the winner minus its commission. As Investopedia. You can actually close the bet at any time and take home the profits or limit the losses.

Or you could part with some of the investment to hedge against an unfavorable outcome in the second leg. Either way, you have either guaranteed a profit or at least limited a potential loss. If you are new to exchange wagering, many experts also recommend that begin by laying money against heavily bet favorites that you think are vulnerable, as you should be able to collect in the neighborhood of if the horse does not win.

Betting on jockeys Blindly betting on top riders is a quick route to the poorhouse, as even the best usually win about a quarter of the time and post negative returns on investment ROI over the long run.