If you want to dabble in horse racing betting at your local horse racing track, you will discover that there are a variety of betting methods available to you. 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 key here is to remember that the Oddsmaker is the one setting the available odds and the Sports Book is the means via which you place your bet.
There are many different sorts of betting options available, but the simplest and easiest of these is the straight or single 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. Place is another option meaning that you can still collect winnings if the horse you pick comes in first or second place.
Show betting means that your pick of the race will win if he crosses the finish line in any of the first three places. As we go 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. Pick 6 is a similar concept, allowing the person betting to pick the winners of 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 wagering 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. A bet placed using the Superfecta option requires the person betting to select the exact four horses expected to cross the finish line in exact order. If you bet on the Daily Double you would choose the horses that are your favourites to win both the first as well as the second race being run that day. If you thought horse race betting was easy, I’m sure you will be surprised!. If you want to bet on a chance with the Jackpot, you would pick six winning horses and then you would share in a portion of the racetrack’s daily jackpot prize.
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. . This will most likely vary depending on the racetrack you are betting at.
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 knowhow of the sport to attain successful results, but I guarantee that is a fun way to pass an afternoon at the racetrack.