Horse Betting 101

• Horse Wagering 101
• Horse Racing Odds Explained
• Horse Betting 101 For Dummies
• How To Bet On Horses
• Betting On Horse Racing 101

As you probably know, the win bet is not the only bet you can make at the tracks. There are many bets that you can make, the most basic being the win, place, and show bets. These three bets are commonly referred to as “WPS.” A win bet is just what it sounds like; you are making a bet that the horse of your choice will come in first. Place and show bets are a bit broader. A place bet signifies that you think your horse will finish in either first or second place; a show bet means that you think the horse will finish in the top three. These bets, because they are broader and thus easier to win, will pay a lower amount the vast majority of the time (but not always).

Horse Wagering 101

Single race bets

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These bets dominated the horse betting scene for the longest time. It wasn’t until recently that the so-called “exotic” bets gained in popularity. Usually offered rarely and only at certain tracks, the multi-horse, multi-race bets that dominate the betting scene now were so rare at one point that they earned the term “exotic” was coined to describe them. The most prevalent of these bets is the exacta because it is the simplest to understand. Because it is so simple, people misleadingly think it is an easy bet to win at. This bet requires that you select the top two horses in the given race in the correct order. Many people will “box” this bet so that they will have both combinations. In reality, this is two bets; one bet for horse A then B, one bet for horse B then A.

Betting 'to place' means the horse has to come in either first or second. Betting 'to show' means the horse has to come in either first, second or third place. Betting to win carries the biggest payouts, with horses anywhere between 3/1, 5/1, 10/1, 15/1 or 20/1. Betting to place carries a smaller payout, followed by betting to show. The odds for any particular horse are not based upon that horse’s abilities. Rather, they are based on how much money is bet on the horse. Win odds are posted on TV monitors and the infield tote board. These odds are updated every 30-60 seconds and will fluctuate from the time you wager until betting ends. When you win, your payoff is. Horse Betting 101 At its simplest, horse betting is looking at a lineup of up to 14 horses, and predicting which one(s) you think will place. We looked exclusively at the thoroughbred sphere of horse racing, as this is considered the most sophisticated form of the sport, meaning there is the most betting occuring and the most information about.

You can dig even deeper into the finishing order if you wish. The trifecta is where you select the first three horses in the correct order. A superfecta is an effort to predict the first four horses. As you probably can guess, these become progressively harder to do the deeper you go. It is possible to box these bets as well.

Multi-race bets

If these options weren’t enough to satiate bettor’s appetites, you can also bet on more than one race at a time. These parlays require that you predict the top horse in two, three, or even six races in a row. The daily double, as it is called, requires that you pick the top horse in two consecutive races. This is the oldest of the exotic bets, and was done as a ploy to get people to arrive at the racetrack earlier since it originally encompassed the first two races on a card (hence the term “daily”). The earlier people got to the track, the more money the track was raking in.

The pick 3, pick 4, and pick 6 are obviously harder bets to win. The payouts for the pick 6 can sometimes go into the six figures and it is not uncommon for even a pick 3 to bring in over $1,000.

Now that you know what you can bet on, we will look at selecting which horse you should bet on. Our next course will look into the factors that make one horse look like a more attractive bet than another.

Few sports have as many betting tips and strategies compared to horse racing. Horse betting strategies are almost an art form, but many beginners can benefit from using some basic horse betting tips that will get them off to a good start.

Contents

• 1 Beginner’s Tips
• 3 Advanced Horse Betting Strategies

Beginner’s Tips

You may have heard the terms “win”, “place”, and “show” which is how you can bet on a horse race. In horse betting tips, this is what each phrase means.

• Win: Only if the horse comes in first place
• Place: If the horse comes in first or second place
• Show: If the horse comes in first, second, or third place

Obviously, start with some small bets on “show” which greatly increases your chances of winning. Keep in mind that in this betting environment, you are playing against the other bettors and not the house which is a big difference compared to casino gambling.

Start Small

Horse betting starts in $2 increments, so keep it low when you first start. As with any betting, you should always use the money you are comfortable with losing so you don’t get in over your head.

Bet the Favorite

By betting on the favorite, you will win approximately 33% each time which is a pretty good horse racing betting strategy.

Bet Low on Win, Bet High on Show

As you become more familiar with betting strategies, start by betting a low amount of money on “win”, followed by a larger amount on “show” for the same horse. Since favorites win 33% of the time, you increase your odds of getting something for the money you bet.

Keep the Winning Tickets

You can cash in your tickets at once which you should do at the end of the day. Keep the winners in one place so you can leave with your winnings.

Get The Tips From Horse Betting Systems

To be successful in horse betting you need to choose the most successful horse racing tipster to get horse racing betting tips. Before proceeding to online horse betting first you have to research in your own way and compare them with the horse betting tips provided by the sports handicapping system.

There are some horse betting systems like Zcode System, First Favourite & Horse Players Heaven are having very good track records of providing accurate picks in the field of horse racing.

Horse Racing Odds Explained

Advanced Horse Betting Strategies

Horse Betting 101 For Dummies

Once you feel comfortable with standard betting, it’s time to move on to more advanced efforts that will improve your chances of winning. Here are a few horse betting tips that will help win more money.

Bet on a Beaten Favorite

If a favorite had lost a race and is racing again, bet on that horse. Even the best horses get beaten every so often, so the odds say that they will make a comeback at some point unless the loss was due to injury.

Bet Against the Horse

Instead of picking the winner, you are betting on a horse that will not finish in the top three. Find a race with at least 10 horses, choose a horse with the lowest odds and bet against them. You should win this type of bet roughly 80% of the time because of the number of horses in the race.

How To Bet On Horses

Keep in mind that if you bet over a series of races during the day, your odds of winning at least some of them go up dramatically. By using the right horse racing betting strategy, you can become comfortable placing bets and racking up wins if you start small and use the right horse betting strategy.

Betting On Horse Racing 101